NOTE 1: Don't forget that you will need to confirm your email to receive my spreadsheet - let me know if you have any issues. But you will get 2 emails in total :) NOTE 2: Trading 212 offers 1% cashback on all NEW money in to your ISA not just transfers for new customers. Check the terms and conditions :). In the video I said transfers and missed out new money!!
I feel investors should focus on under-the-radar stocks, considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises plummeting stocks that were once revered. I don't know where to go here out of devastation.
Find quality stocks that have long term potential, and ride with those stocks. I have found it takes someone who is very familiar with the market to make such good picks.
Yes. It is very easy to buy in on trending stocks but the problem is knowing when to sell or hold, which is why a coach is important. I've been in touch with one for about a year now and although I was initially skeptical about it, I will say I've made more progress within a year generating 6figure profit
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
Judith Lynn Staufer a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
I have mentioned Interactive Investor to Toby before pointing out you get a free trade with the £10 per month flat fee which if you use the trade means you only pay a £36 annual Fee. The Fee remains the same whether you have £100, or 5 million pounds and so works well for people with high net worth.
I have opened a T212 account for this year and i will turn the drip on my HL isa and just add new money into t212.😊 . Will be buying individual stocks and 1 etf this year as the footsie 350 is supposed to outperform 😊 lets see😊
Thanks mate. I use T212 for my individual stock picks but I like some of the etfs on Vanguard. Im happy we can now invest in different brokers with our ISA. 😀
@@jimbob2hats925 My only argument would be that the fee wouldn't be that high (it caps at £375, I'm not really at that level heh), and the fact that there's less dodgyness to Van vs T212. What are your thoughts mate? Not sure what's the right answer here
Cheers Toby and thanks for the content. I've taken advantage of this years ISA allowance and went with Trading 212 platform with a S&S ISA with a Vanguard S&P 500. After I opened the account I was rewarded with some free Rolls Royse shares in the S&S ISA and also a nice chunk of free money into the invest platform of Trading 212 account - lets hope the market is kind over the next year, cheers Nick
What a time to be alive Tom! My thoughts exactly, I want to use the providers for their strengths and have some separation for my own mental sanity! :)
@BillY-tw8xc hi Billy - Trading 212 are definitely authorised and regulated by the FCA. Cash up to 85k is also covered by the FSCS and you assets are ringfenced. So, overall, I consider them very safe 👍
@@TomsPersonalFinance great, thanks for the response. However, looking on the FCA website, it said that Trading 212 Ltd has applied to cancel it's authorization. But they must still meet the FCA standards when dealing with customers. FSCS I'm still looking online. I just want to make sure I see that safety net with my own eyes before investing. Cheers!
@@TomsPersonalFinance thanks for your response. Ref number 569256. This firm has applied to cancel its authorisation but must still meet our standards in dealing with its customers. Check with the firm how this affects your business with them. That's the response on the FCA website! Still looking how to find the FSCS details. Just want to make sure I'm protected and see it with my own eyes. Cheers!
Should correct the part where you explained the new ISA rules. HMRC say the following: 1.2 Allow subscriptions to multiple ISAs of the same type, except for Lifetime ISA and Junior ISA. Just to be clear thats telling us that we can now contribute into many isas whether that be cash isas, stocks and shares but when it comes to Lisa’s and Jisas we can only open one of them per tax year, one per child for jisas
I buy funds without ETF name in JISA account because if it is ETF you can buy fractional shares. Just because there is no fee for JISA in HL, funds without “ETF” on the name, you can buy however you want.
Toby. Very interesting but investing choices is the bit I struggle with for never done it, I have a Nat West one that does everything for me but the fees are high
Hi Toby, your comments on Vanguard re dividends and no email are spot on. There is another item re vanguard dividends, for some reason, the dividends appearing on the vanguard platform are days and days behind other platforms. I cant see any justification for this being so slow. Presumably that money is sat in an account somewhere earning a lot of interest.
I was a bit confused at that part. If I put 20k in now, anything I make on that isn’t reinvested? New to ISA but wanted to put in a lump sum and leave it.
@ShootoUK the money you get from the value of your investment going up is obviously still invested. It's only the dividends which don't get automatically re invested if you were to choose thst type of account. It just means you need to do it manually every quater or how ever often your divide is get paid. It only takes 2 minutes and your dividends will just sit in your investment account as cash until then. Its really not a big deal at all.
Absolutely perfect timing Tony. Great info. Clear unbiased and objective as always. I will be opening ISAs and following your links. I'm also going to highlight this video to my daughter to encourage her to get started . She's in her first professional role after qualifying. This info will be invaluable. Thanks and keep them coming !!👍
Great vid - quick point.. T212 doesn't protect deposit under the 85k protection when your deposits are invested by T212 into money markets.. It's something they choose on your deposit
Correct as I said in the video - if you opt into the 5.2% interest, your cash then gets invested or held in banks. If it is invested in QMMF's then it counts as an investment and NOT cash. HOWEVER, cash is protected on their platform, we need to be very clear about this :)
@@TobyNewbatt that's right as soon as it's held in their bank as cash then it's protected. It'll be interesting to know their criteria for investing into qmm..
I might make the move to IE as it seems to have more functionality than Vanguard. I like the idea of investing in themes such as AI and renewable energy.
I really like it and you can see my updates each month. At least this financial year you can always try them first and theres no pressure to commit. on a side note I love Vanguards funds, but I want to give their platform a kick up the bum to get some more features! :P
Should point out fractional shares still aren't allowed in an ISA according to HMRC. It's not yet resolved and unknown what the outcome would be (eg: get hit with tax as it's outside an ISA). It's why the established brokers do not yet offer fractional shares in the UK.
It's not officially been sorted no - but any other outcome than allowing fractionals i'd eat my hat :P. Also it looks like the providers would be on the hook anyway. Worst case, stick to full shares if you want to belt and braces :)
So can you now deposit into 2 of the same type of ISA in the same tax year? E.g - 2 stocks and shares ISA as long as the total amount is under 20k Thanks!
That is correct these are the new rules from today :) You can have as many ISA accounts as you like - the ONLY ones that you cant have multiple of is the Lifetime ISA and the Junior ISA :)
@user-si7fj5rh5u The rules state that providers don't have to allow multiple with THEM - this is separate for multiple ISAs across multiple platforms I hope that makes sense. e.g. Vanguard don't have to allow you to have 4 stocks and shares ISA accounts with THEM. But you can do what you want :) I hope that makes sense.
Do you have a video or could you make a video addressing what to invest in to make the world greener/invest in companies who prioritise our planet. I saw a ted talk on how we support destroying the environment without knowing, just by having our money in the wrong place
There's just better choice IMO. Trading 212 and InvestEngine ISAs are zero cost with no dealing fees or commissions. Fidelity has both a platform fee and a trading fee why would you want to pay more fees if you don't need to?
Maybe one of the most complicated platforms on the market, not an ideal place for new investors. Also a very complicated pricing structure. Great company though, absolute giant.
Certainly a good option for Junior ISAs and Junior SIPPs as no charge for holding/buying/selling funds. I have a SIPP there too, but only because it retained access at 55. Imagine they could be good for transferring in and holding ETFs given the capped charge for those forms of investments too.
Now you can give it a go mate if you want to. Like I said I use both platforms and i think its a great time to start investing now considering you aren't locked in to any platform for a year!
I do need to get around to a SIPP video yep! And a more in depth one too. Hopefully on the way once we get the new FY out the way. I want to get a few good other vids out first :)
Great Vid Toby! thank you for the Valuable info! So if you have VUSA (which doesn't automatically re-invest like VUAG), where can you see in your account the dividends paid into (sorry newbie :) ) so can reinvest ? sorry to have troubled Cheers
IE website: "Currently, we can support partial transfers of past tax years ISAs in cash. For in-species transfers of previous tax years ISAs, they must be transferred in full. We are aiming to deliver partial in-species transfers of previous years ISAs very soon. If you are transferring this year's ISA, you must transfer it in full. We do not support partial transfers of the current tax year's ISA."
I have them on my spreadsheet but otherwise they are charging a lot in fees compared to someone like Trading 212 or InvestEngine. Why pay more when you don’t need to? 👍
Thank you ! But what would you recommend for those that do not plan to retire in the UK - would you still recommend to open an iSA account? Is it still worth it with regards to tax fees and transfer fees - are capital gains are not taxed in a ISA in the UK- right;
Good question! As far as I know they still get new customers but the demographic is very different. Lots of old money, big portfolios that don't move etc. Not ideal to get started out in my view
Also can you kindly advise regarding HL LISA. Some other channels recommend investing with HL starting with buying funds as free to buy and at 18000k mark for Lisa (45 pounds fee) to move to etf. Is it easy or worth it to do so? Have you tried switching from funds to etfs? Any risks? Many thanks👍❤ and yes please a separate video for HL lisa funds vs rtfs and relevant charges..maybe with some helpful examples ❤
Hi Toby, I really enjoyed this video! I recently built my own pf of 6 ETFs on IE, I am investing monthly into this S&S ISA. In September I will have a lump sum available from a fixed rate Cash ISA and I am trying to decide whether perhaps open T212 for this or put it into my IE pf. The only issue I have is that I don't want to put £10k in one day I want to do monthly deposits but IE have 0% interest on uninvested money. This is the main reason why I'm looking at T212 but is it not better to build up the pot in one pf as opposed to having two smaller accounts you can have one big one. Not quite sure what to do but will keep researching. My portfolio with IE is just equity so I think it would be good to have a few Bond ETFs just to balance things up. What are your thoughts?
One option would be use a Money Market Fund on IE to hold the lump sum and then in essence drip-feed from selling part of that holding into your chosen investments. Whether you have one big pot on one provider or it's split between multiple providers is often just about issues like admin, feeling secure etc. Splitting a pot across two providers offering the same fee structure results in the same compounded growth as keeping it in one place. On bonds, your unique time horizon, aims and risk appetite should guide as to whether or not to use bonds and, if so, the type. This is not to suggest you should or should not, but be aware bond funds come in very different flavours that behave differently.
@@adrianl5899 Thank you so much for taking the time to reply! I think the reason why I am thinking bonds is to balance things up as only equity in my portfolio. I've been told that bonds are good to have if equities are going down then bonds could be going up. I've only been looking at Gov bonds so no corporate bonds. In terms of having two smaller pots vs one big one, isn't it better for compound and accumulative ETFs if the pot is bigger?
So I can have 2 stock & share accounts open and invest in them as the same time? If so it would be good as some eft that I like but investengine but they are not on 212
Hi Toby, thank you very much for your videos and the info you share in them! They are really useful and educating. I’m quite new in investing and I would like to ask you if you open different S&S ISAs or also a SIPP how do you manage the investments? I mean, how do you organise the investments so they don’t overlay? I was thinking about investing in an all world fund through a S&S ISA (I still not sure about the platform, I was thinking Vanguard or T212) but if I also want to open a SIPP (or another S&S ISA), does it make sense to invest in the same type of fund? Could you share some insights to have different and complementary accounts? Many thanks!
Hello Toby,I like the ISA you mention first.I am planning to invest in the VOO ,my question is, would i been getting the same dividends. on this account as etoro? Many thanks 😊
Hello - firstly VOO is a US ETF it is not something you can invest in as a UK citizen. On Etoro - you are NOT buying VOO you are buying CFD - a CFD cannot be held inside an ISA. Etoro do not offer ISA accounts directly they make all their money from fees and CFD trading. Secondly on dividends - you can get paid dividends if you like if you buy the correct ETF - for example if you want something that tracks the S&P 500 (like VOO does in the USA) you have VUSA (if you want dividends) or there is another option VUAG (if you don't want them) All up to you but please be careful - make sure you use an ISA - long term it will be one of the best things you ever do. Take your time :)
@@TobyNewbatt got it,I will open the ISA using the link on your video about ISAs three months ago, all I want is keep putting the savings on the ETF that produce more, which one of the ones you mentioned,you recommend? Many thanks
@@lunes-1 I've made other videos to help choose ETFs - my personal preference would be something like VWRP or FWRG - have a look at those and take your time - as always there's no guarantees with investing you have to make sure you focus very long term :)
I notice you don't mention Providers such as individual banks like HSBC or NatWest. Is there any reason to use a specialised company like those you mention over your regular bank, if the ETFs are the same and the fees are similar?
correct - as long as the total amount that YOU put in is within the £20,000 limit during the tax year. You can fill your boots, have 4 stocks and shares ISA, 3 cash ISAs etc all with different providers. But DO NOT put more than £20,000 of new money. Hope that helps :)
@TobyNewbatt My dividends from VHYL, VAPX and VUSA in my Vanguard SIPP do get re-invested automatically - as long I still hold these ETF's once the dividend gets paid into my account. If I have swapped my holdings then the money will just sit in the account and I will need to manually invest it.
Hi Toby, great video!! I’m looking to open trading 212 isa. Regarding fractional shares… HMRC tell me I can’t have in ISA but Trading 212 say I can. Any thoughts on this. Any help should be really appreciated as very confused/ concerned about possible Tax charges.. many thanks ❤
fractional shares were addressed in the autumn statement by Jeremy Hunt they are to be allowed - just a matter of getting the wording in the legislation sorted. It honestly does not concern me one bit its just a technicality. See here if you missed the statement: questions-statements.parliament.uk/written-questions/detail/2024-01-31/hl2068
Brilliant video as always, I’ve been using a Halifax S&S isa with a monthly standing order into the VUAG & VWRL indexes and only get an annual fee of I think about £30, with I think trading fees dropped now. with it all setup it’s tough to spend time working out how to move it all to another platform Any thoughts? Sorry to be a dinosaur !
whats most important is to just do whats right for you. But saying that, I have moved my investments multiple times now and it's been very easy. All you do is action it from your new provider and everything else gets taken care of. It does take a week or two to go through, so there is always some time out of the market. Maybe its worth a video soon to help people.
Hiya. I'm going to get my CTF in 2 weeks and I was looking into putting it into a stocks and shares ISA. I was wondering how I would go around that and what is the best for me as a person turning 18?
Great video. Appreciate the advice. I haveca question. If i transfer 2 isas to invest engine, is the cashback reward based on the value of the both isas together. Or does only 1 of them count?
Both - it's the total combined value that they look at you can check this in the terms and conditions :) Ans it has been extended until the end of this month :)
Again .. what is the deal with holding fractional shares (of ETFs in particular) within an ISA ? There is so little discussion about this that I can see. Does anyone know what is going on/likely to happen with that ?
You are fine to hold fractional shares inside an ISA :) It was all cleared up - HMRC were just being pedants and trying to interpret the law in a bad way. I'll let you do the research yourself for sources - happy investing!
Thank you for your comprehensive video - very useful How do ISA transfers work ? I have predominantly invested in Indian markets( like Jupiter India etc in HL, but wish to transfer them to trading 212 but cannot find those kinds of funds so not sure what happens to those investments? Will trading 212 provide alternative options ?
So funds like Jupiter India etc are mutual funds - which means they are not found on the stock market and they only are found on platforms like HL, AJ Bell etc. However there are plenty of India ETFs that you can find on platforms like T212. You just need to do the research and find them. Trading 212 don't offer mutual funds, they offer shares and ETFs. ETFs are overtaking mutual funds as the most popular way to go, maybe a future video for me :)
Currently have a Dodl account it’s nice but you can only buy/sell shares at a certain point in the day. Am thinking of trying others do they all allow buy/sell when you want, and are they all flexible ISAs ?
Do you think there is any point in holding my investments in a stocks and shares ISA if, for now, my possible gains from those investments are below the current tax free allowance of £3000 (I don't do dividend stocks)? As far as I can see, there isn't - am I right?
Think long term :) At some point you almost certainly WILL end up being above the thresholds for either dividend tax or capital gains tax. Not using an ISA in my view is a very poor decision if you can use one. The allowances are use them or lose them (you cant go back tax years). Over the next few decades your wealth is likely to grow and protecting it from tax will be one of the greatest returns on investments. One the investments are inside an ISA they will always be protected and you can move them or transfer them wherever you need :) Using the right platform an ISA won't cost you anything or very little...
@@TobyNewbatt Thanks for prompt reply. As ever you're very persuasive (hence why I don't bother with dividend stocks). I'll transfer from a GIA to a stocks and shares ISA with the start of the new year. Vanguard seems the best.
Same reason about 20 others aren't mentioned. There are just better options out there for beginners. II charge a subscription fee, and IE and T212 don't :)
Very helpful video and spreadheet, thanks. Is there a reason why Fidelity International fail to feature on these ISA comparison video's, not just yours but also other RUclipsrs reviews as well? Is there something fundamentally poor about their offerings? I have an old ISA with them and wondering whether I should consolidate elsewhere.
Thanks Paul! Nothing wrong with Fidelity or others that get missed out I just don’t think they are better than the ones here. For example, especially for new investors with smaller amounts to invest, why pay any fees at all when you don’t need to. Nothing stands out for me personally so I didn’t want to go into depth. Could add them to the spreadsheet though!
@@TobyNewbatt Thanks for the reply. As I said its fairly common for Fidelity to be excuded so its good to hear there is nothing obviously standing out as bad about them. I first invested with them probably 25 years ago when there wasn't as much choice as there is nowadays. I think they are a bit like HL insofar as they offer a broad range of products and do quite a lot of educational content (plus their Select 50 is always worth a look at, as a guide). Account fee's aren't the cheapest but come in lower than some, as always you have to study what fee's for what products and their varying thresholds (apparantly when you hit a new threshold the new reduced fee is applied to the total holding). Although ideally we shouldn't hold cash, since circa July 2023 they have started to pay interest and this has just increased to 3.6% (still below MM rates but still not too bad also considering no Account fees for the cash holding).
Great content, but I've never managed to get Trading 212 immediate bank transfer to work and a standard bank transfer says that the bank details cannot be checked ahead of transfer - very off-putting...
Toby thanks for the spread sheet. Can you explain why if trading 212 is very good, then why have the hassle of having x2 stocks and shares ISA'S? Those being investengine and trading 212? Thanks
I’ll do a video on why this works for me but in short it’s because you can now this financial year and also I like to organise my investments differently
This is quite an interesting insight. But I was wondering which platforms to use for LISA accounts? Of the ones mentioned in the video it seems to me only AJ Bell provides LISA. Have you already made a video where you explore the different LISA platform providers?
@@TobyNewbatt thanks for your reply, although I wonder why is not that popular? It seems to me a good catch to get an extra 1k £ boost from the government, are there any considerations I missed from your videos around it? Is it best to go all in S&S ISA instead for the tax year?
@@nicholastucci1093 You can only use the money to buy your first house or when you retire (aged 60+) - there is no flexibility with a LISA. Great if you do want to buy a house, but otherwise not so much. With a S&S ISA you can take money out at anytime and this wins it for most people. And you can contribute at any age.
@@TobyNewbatt that's a valid point, you're right. From the way I see it, I'm ok to keep a portion of my ISA up to pensionable age (should be considered 58 IIRC when you can withdraw this money), as a lump I can consider "very long term" investment 😆 Thanks for your answers 🙌
So long as someone isn't at risk of needing pre-retirement benefits like Universal Credit, LISAs are a pretty good option for retirement planning. In essence they combine major benefits of a pension (tax relief top up) and ISA (tax free on way out). So your £4k pa contribution will not only beat the same investment in an ISA (£1k bonus), but you'll have a tax free pot at the end of it. Everyone's plans are unique but, for example, some will retire early using UFPLS on their personal pension during pre-state pension age to get nearly £17k tax free from it, and when State Pension kicks in (taking up their personal income tax allowance), they use their tax free withdrawals (LISA/ISA) to top up state pension income. So it's another way of adding flexibility to the future if not using for a first time home.
You are very welcome to buy whatever you want inside an ISA - as long as the platform itself supports buying individual shares. Just be careful though...there's no guarantee with any single company with Tesla that you are going to make any profit in 10 years :) That's an extremely risky bet just FYI.
I think the concept of being able to own property via an ETF is cool inside a REIT - However, just like any other investment a REIT has the same risk as any other company, there's no guarantee that it beats the market on a total returns basis in the long run so I'll just run with what I have. FYI - if you are an index fund investor - you will own lots of REITS already inside of those index funds :)
@@TobyNewbatt thanks, I just keep thinking about focusing on income streams as I feel that's the best way to keep some sort of freedom. More income streams the more flexibility and options you have should any problem arise
@@originallifeclothing4038 Totally get where you are coming from. My personal view is that if you want income (at least later on in life) you can just sell down the shares you own. I know some people think this idea is weird and that's why they love dividends - but dividends are not free. If you only buy stocks/ REITS that pay a dividend this has an effect on total returns and you could end up losing money versus just being the whole stock market :)
@@TobyNewbatt yep I agree. It's just difficult to figure out what's best. For me I'm thinking focus on enjoying now while my kids are young as this is when I'd need the income to take them out and also the other income streams would mean I sont have to work 60hours a week in a dead end job 🤣. That's my thoughts I wonder if anyone else feels the same 🤔
@tobynewbatt.. how did you manage to allocate all of your funds towards Banks rather than QMMFs on trading 212 for the daily interest ? Mine seem to be allocated randomly. Thanks
Thank you Toby for information. I am new just watched your first video and it’s very helpful. I have a strange question. How do we know if these investment apps are actually working for long term. For example if we deposit / invest in ETF £100 a month for 10 years how do we know if these apps will pay you funds? I feel dodgy to put money in the app then what about the end of it?
Theres a long answer to this question - in short, FCA regulations and CASS rules - worth googling these. We never know which platforms will last long term - but remember when your money is invested it is not in the platform the money is in the investment - watch a video I did a few weeks ago which says what happens when your broker goes bust
Hey mate, I have maxed my T212 ISA every year and have a large sum of cash which I'd like to deposit into a T212 general investment account to earn 5.20%. Would you say its better to deposit this cash into a T212 GIA (same provider as my ISA) or go with another broker for protection/safety purposes? Appreciate your views, thanks.
@TobyNewbatt new switch playground after exhausted most of the current bank switches 😁 I guess only downside is you'll need to cash in Vanguard investments to transfer..?
@@TobyNewbatt Thanks. I meant on vanguard? If it doesn’t does that mean I will have cash in my isa every month as change and when it’s enough to buy a full share I can just buy a share randomly?
The same reason I don’t mention about 20 others…they don’t offer anything better. More fees, more costs, more complicated. I literally say this in the video 👍
NOTE 1: Don't forget that you will need to confirm your email to receive my spreadsheet - let me know if you have any issues. But you will get 2 emails in total :)
NOTE 2: Trading 212 offers 1% cashback on all NEW money in to your ISA not just transfers for new customers. Check the terms and conditions :). In the video I said transfers and missed out new money!!
Cheers☺️
Great Video Toby . Thank you again.
Where is the link please? And the link for invest engine please
@@cecilianjire2365 everything is in the description
I feel investors should focus on under-the-radar stocks, considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises plummeting stocks that were once revered. I don't know where to go here out of devastation.
Find quality stocks that have long term potential, and ride with those stocks. I have found it takes someone who is very familiar with the market to make such good picks.
Yes. It is very easy to buy in on trending stocks but the problem is knowing when to sell or hold, which is why a coach is important. I've been in touch with one for about a year now and although I was initially skeptical about it, I will say I've made more progress within a year generating 6figure profit
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
Judith Lynn Staufer a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
I’m surprised interactive investor was left off again! I watched Damien last night and your video this morning 😀
I was thinking the same thing - one of the biggest brokers but not commented upon?
They should be with that sneaky 1.5% FX fee. That's 10 times more than T212, 10 times!
ii probably don't offer affiliate rewards.
I have mentioned Interactive Investor to Toby before pointing out you get a free trade with the £10 per month flat fee which if you use the trade means you only pay a £36 annual Fee. The Fee remains the same whether you have £100, or 5 million pounds and so works well for people with high net worth.
Makes sense to keep only minimum amount in your bank account and transfer rest into IE or T212 to earn decent interest on any uninvested cash.
I have opened a T212 account for this year and i will turn the drip on my HL isa and just add new money into t212.😊 . Will be buying individual stocks and 1 etf this year as the footsie 350 is supposed to outperform 😊 lets see😊
Thanks mate. I use T212 for my individual stock picks but I like some of the etfs on Vanguard. Im happy we can now invest in different brokers with our ISA. 😀
wooohhhooooo :P
Why not use T212 for the Vanguard ETFs? Exact same funds, but without the 0.15% Vanguard platform fee!
@@jimbob2hats925 My only argument would be that the fee wouldn't be that high (it caps at £375, I'm not really at that level heh), and the fact that there's less dodgyness to Van vs T212. What are your thoughts mate? Not sure what's the right answer here
@@harryk2336 what dodgyness in t212?
Another very useful and well researched video Toby. We really value your honesty and integrity. Keep up the good work 😀
Cheers Toby and thanks for the content. I've taken advantage of this years ISA allowance and went with Trading 212 platform with a S&S ISA with a Vanguard S&P 500. After I opened the account I was rewarded with some free Rolls Royse shares in the S&S ISA and also a nice chunk of free money into the invest platform of Trading 212 account - lets hope the market is kind over the next year, cheers Nick
Great overview, Toby - wouldn't expect anything less. Very excited to have an ISA on both T212 and IE :)
What a time to be alive Tom! My thoughts exactly, I want to use the providers for their strengths and have some separation for my own mental sanity! :)
Is T212 safe??? They're not covered by the FCA anymore, and I can't find if they're covered by the fscs
@BillY-tw8xc hi Billy - Trading 212 are definitely authorised and regulated by the FCA. Cash up to 85k is also covered by the FSCS and you assets are ringfenced.
So, overall, I consider them very safe 👍
@@TomsPersonalFinance great, thanks for the response. However, looking on the FCA website, it said that Trading 212 Ltd has applied to cancel it's authorization. But they must still meet the FCA standards when dealing with customers. FSCS I'm still looking online. I just want to make sure I see that safety net with my own eyes before investing. Cheers!
@@TomsPersonalFinance thanks for your response. Ref number 569256. This firm has applied to cancel its authorisation but must still meet our standards in dealing with its customers. Check with the firm how this affects your business with them.
That's the response on the FCA website!
Still looking how to find the FSCS details.
Just want to make sure I'm protected and see it with my own eyes. Cheers!
ISA transfer from Vanguard to Invest Engine is looking very tempting.
I'll be sticking with vanguard 👍.
Should correct the part where you explained the new ISA rules. HMRC say the following: 1.2 Allow subscriptions to multiple ISAs of the same type, except for Lifetime ISA and Junior ISA. Just to be clear thats telling us that we can now contribute into many isas whether that be cash isas, stocks and shares but when it comes to Lisa’s and Jisas we can only open one of them per tax year, one per child for jisas
As someone new to investments in UK, you dod a fantastic job to explain each and every platform in detail. Keep making such amazing videos.
Thank you :)
Such a well-produced and helpful video thanks Toby, Subscribed!!! Respect the integrity aswell for not just promoting sponsors.
Thanks Sam I really appreciate it. I hope it helps 🙏🙏🙏
Very helpful video mate. Everything well covered for people wanting to start. Invest Engine again for me this year.
Is there any alternative to the ROTH IRA and ISA but in Ireland? Thanks in advance for the answers.
I dont think Ireland have any ISA accounts unfortunately :(
Great video, mate -- extremely helpful! Will you do a similar thing for best SIPP provider?
I do need to get around to that as well...my video list is growing ever longer :P
I buy funds without ETF name in JISA account because if it is ETF you can buy fractional shares. Just because there is no fee for JISA in HL, funds without “ETF” on the name, you can buy however you want.
Great video as always Toby. Keep up the good work, you are providing so much to help us all 👍
only possible with the great support thank you
Wow nice and early post there Toby. Just opened a Zopa ISA so taking advantage of the flexible nature of multiple isa's
FREEEEEDOM!!! Ha so good isnt it finally some good changes :)
@@TobyNewbatt about time eh :)
Toby. Very interesting but investing choices is the bit I struggle with for never done it, I have a Nat West one that does everything for me but the fees are high
Hi Toby, your comments on Vanguard re dividends and no email are spot on.
There is another item re vanguard dividends, for some reason, the dividends appearing on the vanguard platform are days and days behind other platforms.
I cant see any justification for this being so slow. Presumably that money is sat in an account somewhere earning a lot of interest.
I get nervous that I'm not going to receive them every time 😅
getting an email sent to people has to be the easiest fix ever - I think I might ask them to sort this!
I was a bit confused at that part. If I put 20k in now, anything I make on that isn’t reinvested? New to ISA but wanted to put in a lump sum and leave it.
@@ShootoUKif you choose an accumulation fund rather than a distributing one the dividends are automatically reinvested for you
@ShootoUK the money you get from the value of your investment going up is obviously still invested. It's only the dividends which don't get automatically re invested if you were to choose thst type of account. It just means you need to do it manually every quater or how ever often your divide is get paid. It only takes 2 minutes and your dividends will just sit in your investment account as cash until then. Its really not a big deal at all.
Absolutely perfect timing Tony. Great info. Clear unbiased and objective as always. I will be opening ISAs and following your links. I'm also going to highlight this video to my daughter to encourage her to get started . She's in her first professional role after qualifying. This info will be invaluable. Thanks and keep them coming !!👍
grateful for the support thank you! Thank you for sharing :)
Hi Toby excellent content. Could you a video on SIPP fees
Thanks I need to get a good SIPP video done at some point!
Bloomin’eck! This is just what I was looking for! Many Thanks😊
welcome thank you hope it helps people out :)
Thank you ❤❤❤
Great vid - quick point.. T212 doesn't protect deposit under the 85k protection when your deposits are invested by T212 into money markets.. It's something they choose on your deposit
Correct as I said in the video - if you opt into the 5.2% interest, your cash then gets invested or held in banks. If it is invested in QMMF's then it counts as an investment and NOT cash. HOWEVER, cash is protected on their platform, we need to be very clear about this :)
@@TobyNewbatt that's right as soon as it's held in their bank as cash then it's protected. It'll be interesting to know their criteria for investing into qmm..
Hi, this may be a stupid question but why not invest in a St. James's Place ISA S&S.
Consider doing a comparison video for smart ISA portfolios or roboadvisors.
I might make the move to IE as it seems to have more functionality than Vanguard. I like the idea of investing in themes such as AI and renewable energy.
I really like it and you can see my updates each month. At least this financial year you can always try them first and theres no pressure to commit. on a side note I love Vanguards funds, but I want to give their platform a kick up the bum to get some more features! :P
Should point out fractional shares still aren't allowed in an ISA according to HMRC. It's not yet resolved and unknown what the outcome would be (eg: get hit with tax as it's outside an ISA). It's why the established brokers do not yet offer fractional shares in the UK.
It's not officially been sorted no - but any other outcome than allowing fractionals i'd eat my hat :P.
Also it looks like the providers would be on the hook anyway. Worst case, stick to full shares if you want to belt and braces :)
Very helpful thank you very much for this and the spreadsheet.
So can you now deposit into 2 of the same type of ISA in the same tax year?
E.g - 2 stocks and shares ISA as long as the total amount is under 20k
Thanks!
That is correct these are the new rules from today :)
You can have as many ISA accounts as you like - the ONLY ones that you cant have multiple of is the Lifetime ISA and the Junior ISA :)
@user-si7fj5rh5u The rules state that providers don't have to allow multiple with THEM - this is separate for multiple ISAs across multiple platforms I hope that makes sense.
e.g. Vanguard don't have to allow you to have 4 stocks and shares ISA accounts with THEM.
But you can do what you want :) I hope that makes sense.
Do you have a video or could you make a video addressing what to invest in to make the world greener/invest in companies who prioritise our planet. I saw a ted talk on how we support destroying the environment without knowing, just by having our money in the wrong place
Thanks for yet another great video Toby! Would it be possible to please cover the best LISAs for the new tax year? Many thanks in advance!
Trading 212 for me this year
Great videos as usual. I see you dont mention fidelity. Any reason? Thanks
There's just better choice IMO. Trading 212 and InvestEngine ISAs are zero cost with no dealing fees or commissions. Fidelity has both a platform fee and a trading fee why would you want to pay more fees if you don't need to?
Hello again Toby! 😁
Oh hi
Interactive Brokers?
Maybe one of the most complicated platforms on the market, not an ideal place for new investors. Also a very complicated pricing structure. Great company though, absolute giant.
Hi what does everyone think of Fidelity thanks
Certainly a good option for Junior ISAs and Junior SIPPs as no charge for holding/buying/selling funds. I have a SIPP there too, but only because it retained access at 55. Imagine they could be good for transferring in and holding ETFs given the capped charge for those forms of investments too.
Thinking of dipping into invest engine and trading 212 next. Another good video.
Now you can give it a go mate if you want to. Like I said I use both platforms and i think its a great time to start investing now considering you aren't locked in to any platform for a year!
What is your preferred investment platform for beginners with small fund?
Be good to see a similar vid on SIPP. Do Interactive brokers now do a SIPP 🤔
I do need to get around to a SIPP video yep! And a more in depth one too. Hopefully on the way once we get the new FY out the way. I want to get a few good other vids out first :)
Another great video Toby. When are you going to do one on investing Ltd Company profits?
It's on the list :)
Great Vid Toby! thank you for the Valuable info! So if you have VUSA (which doesn't automatically re-invest like VUAG), where can you see in your account the dividends paid into (sorry newbie :) ) so can reinvest ? sorry to have troubled Cheers
It should be in your cash section. It’s easy to get it invested. Alternatively maybe you should switch to VUAG if you don’t want dividends 👍
Thank you Very much, really appreciate it 🙏🏽😊 your vid is again absolutely useful 🤠
Great vid mate. Ta
Thanks for the video. Why is IG index not among the list?
The same reason why about 20 others arent. There are better options out there for beginners :)
Hi Toby. Where can we get that cool t-shirt? 😊
Let me see what I can do....potentially i might make them to order or at least a little giveaway :P
@@TobyNewbatt Thanks Toby.
Can you do a partial transfer to invest engine.As with the multiple ISA opportunities I would like to transfer some to 212 and invest engine .
IE website:
"Currently, we can support partial transfers of past tax years ISAs in cash. For in-species transfers of previous tax years ISAs, they must be transferred in full.
We are aiming to deliver partial in-species transfers of previous years ISAs very soon.
If you are transferring this year's ISA, you must transfer it in full. We do not support partial transfers of the current tax year's ISA."
Fantastic video so informative Toby.
Im new to all thos i do appreciate ur knowledge thank u iwish i knew bout this wen i was in my 20s
Is hsbc high risk a good option?
Great video to kick off new year, thanks Toby! Are there any other Junior S&S ISA, aside from HL, that are worth considering right now? Thanks
I think Fidelity was another low cost one? But hard to beat HL as a free junior ISA ☺️
Where's Interactive Investor? They're one of the main ones! I'm with them and Trading 212 and was curious to hear your opinion...
I have them on my spreadsheet but otherwise they are charging a lot in fees compared to someone like Trading 212 or InvestEngine. Why pay more when you don’t need to? 👍
Thank you ! But what would you recommend for those that do not plan to retire in the UK - would you still recommend to open an iSA account? Is it still worth it with regards to tax fees and transfer fees - are capital gains are not taxed in a ISA in the UK- right;
I think you would need to look at the country you plan to live in as to how they might act in regards to the ISA.
Any idea how many customers the likes the HL are losing each tax year for new ISA subscriptions?
Good question! As far as I know they still get new customers but the demographic is very different. Lots of old money, big portfolios that don't move etc. Not ideal to get started out in my view
Also can you kindly advise regarding HL LISA. Some other channels recommend investing with HL starting with buying funds as free to buy and at 18000k mark for Lisa (45 pounds fee) to move to etf. Is it easy or worth it to do so? Have you tried switching from funds to etfs? Any risks? Many thanks👍❤ and yes please a separate video for HL lisa funds vs rtfs and relevant charges..maybe with some helpful examples ❤
Hi Toby, I really enjoyed this video! I recently built my own pf of 6 ETFs on IE, I am investing monthly into this S&S ISA. In September I will have a lump sum available from a fixed rate Cash ISA and I am trying to decide whether perhaps open T212 for this or put it into my IE pf. The only issue I have is that I don't want to put £10k in one day I want to do monthly deposits but IE have 0% interest on uninvested money. This is the main reason why I'm looking at T212 but is it not better to build up the pot in one pf as opposed to having two smaller accounts you can have one big one. Not quite sure what to do but will keep researching. My portfolio with IE is just equity so I think it would be good to have a few Bond ETFs just to balance things up. What are your thoughts?
One option would be use a Money Market Fund on IE to hold the lump sum and then in essence drip-feed from selling part of that holding into your chosen investments.
Whether you have one big pot on one provider or it's split between multiple providers is often just about issues like admin, feeling secure etc. Splitting a pot across two providers offering the same fee structure results in the same compounded growth as keeping it in one place.
On bonds, your unique time horizon, aims and risk appetite should guide as to whether or not to use bonds and, if so, the type. This is not to suggest you should or should not, but be aware bond funds come in very different flavours that behave differently.
@@adrianl5899 Thank you so much for taking the time to reply! I think the reason why I am thinking bonds is to balance things up as only equity in my portfolio. I've been told that bonds are good to have if equities are going down then bonds could be going up. I've only been looking at Gov bonds so no corporate bonds.
In terms of having two smaller pots vs one big one, isn't it better for compound and accumulative ETFs if the pot is bigger?
Do these platforms handle joint accounts or multiple logins?
Cant Get FTSE GLOBAL ALL CAP with Invest Engine though
This is a mutual fund so cannot be bought. Plenty of ETFs that offer the same or very similar :)
What happens if you go over the ISA limit? case one, you don't realise it yourself. Case two, you found out about it months after the event?
So I can have 2 stock & share accounts open and invest in them as the same time? If so it would be good as some eft that I like but investengine but they are not on 212
Yes, from today (April 6th) you can invest in as many stocks and shares ISAs as you like. And this is exactly what I will be doing.
Hi Toby, thank you very much for your videos and the info you share in them! They are really useful and educating. I’m quite new in investing and I would like to ask you if you open different S&S ISAs or also a SIPP how do you manage the investments? I mean, how do you organise the investments so they don’t overlay? I was thinking about investing in an all world fund through a S&S ISA (I still not sure about the platform, I was thinking Vanguard or T212) but if I also want to open a SIPP (or another S&S ISA), does it make sense to invest in the same type of fund? Could you share some insights to have different and complementary accounts? Many thanks!
Hello Toby,I like the ISA you mention first.I am planning to invest in the VOO ,my question is, would i been getting the same dividends. on this account as etoro? Many thanks 😊
Hello - firstly VOO is a US ETF it is not something you can invest in as a UK citizen.
On Etoro - you are NOT buying VOO you are buying CFD - a CFD cannot be held inside an ISA. Etoro do not offer ISA accounts directly they make all their money from fees and CFD trading.
Secondly on dividends - you can get paid dividends if you like if you buy the correct ETF - for example if you want something that tracks the S&P 500 (like VOO does in the USA) you have VUSA (if you want dividends) or there is another option VUAG (if you don't want them)
All up to you but please be careful - make sure you use an ISA - long term it will be one of the best things you ever do. Take your time :)
@@TobyNewbatt got it,I will open the ISA using the link on your video about ISAs three months ago, all I want is keep putting the savings on the ETF that produce more, which one of the ones you mentioned,you recommend? Many thanks
@@lunes-1 I've made other videos to help choose ETFs - my personal preference would be something like VWRP or FWRG - have a look at those and take your time - as always there's no guarantees with investing you have to make sure you focus very long term :)
@@TobyNewbatt ok.many thanks for your help Toby,will be looking at that video
I notice you don't mention Providers such as individual banks like HSBC or NatWest. Is there any reason to use a specialised company like those you mention over your regular bank, if the ETFs are the same and the fees are similar?
Hi Toby, apologies for sounding so thick,you can open as many isa,s as long as the total amount is £20,000 or less? Thanks.
That’s right yes
correct - as long as the total amount that YOU put in is within the £20,000 limit during the tax year. You can fill your boots, have 4 stocks and shares ISA, 3 cash ISAs etc all with different providers. But DO NOT put more than £20,000 of new money.
Hope that helps :)
@TobyNewbatt
My dividends from VHYL, VAPX and VUSA in my Vanguard SIPP do get re-invested automatically - as long I still hold these ETF's once the dividend gets paid into my account. If I have swapped my holdings then the money will just sit in the account and I will need to manually invest it.
Hi Toby, great video!! I’m looking to open trading 212 isa. Regarding fractional shares… HMRC tell me I can’t have in ISA but Trading 212 say I can. Any thoughts on this. Any help should be really appreciated as very confused/ concerned about possible Tax charges.. many thanks ❤
fractional shares were addressed in the autumn statement by Jeremy Hunt they are to be allowed - just a matter of getting the wording in the legislation sorted. It honestly does not concern me one bit its just a technicality.
See here if you missed the statement: questions-statements.parliament.uk/written-questions/detail/2024-01-31/hl2068
Thanks toby!!
Thank you for the video. Could you send me the spreadsheet mate
Brilliant video as always, I’ve been using a Halifax S&S isa with a monthly standing order into the VUAG & VWRL indexes and only get an annual fee of I think about £30, with I think trading fees dropped now. with it all setup it’s tough to spend time working out how to move it all to another platform
Any thoughts? Sorry to be a dinosaur !
whats most important is to just do whats right for you. But saying that, I have moved my investments multiple times now and it's been very easy. All you do is action it from your new provider and everything else gets taken care of. It does take a week or two to go through, so there is always some time out of the market.
Maybe its worth a video soon to help people.
Hiya. I'm going to get my CTF in 2 weeks and I was looking into putting it into a stocks and shares ISA. I was wondering how I would go around that and what is the best for me as a person turning 18?
Do you have a video on the “innovative finance isa”? I’ve never heard of this one
It’s just peer to peer lending nothing that exciting. Riskier than cash but not as good as the stock market
@@TobyNewbatt thank you
Great video 😊
Thanks as always Paul! You're one of the OG's :-)
@@TobyNewbatt 😇
Thanks for the summary, really valuable. I’m going to open an investengine with your link, enjoy the referral bonus 😊
thank you!
May I please ask does Invest Engine has UK Shares too?
No, just ETFs, but some ETFs only invest in UK shares if this is what you mean :)
Would like to speak to you please regarding this ISA stuff 🙏
@@hopeokoye7058 email me if you want to book a 1:1 session. Details in description
What tipe account need open on vanguard thanks
Great video. Appreciate the advice. I haveca question. If i transfer 2 isas to invest engine, is the cashback reward based on the value of the both isas together. Or does only 1 of them count?
Both - it's the total combined value that they look at you can check this in the terms and conditions :)
Ans it has been extended until the end of this month :)
Thankyou very much for that quick response. Very kind and very helpful.
Keep up the great videos Sir
Got a whole £10 welcome. Hope you better out this than I did lol.
Same thing happened to me at 212 recent. Got an £8 share.
It's """"random"""" lol
With investengine, once u set your monthly contribution amount, can you change it later or add lump sums randomly?
You can add lump sums anytime and change your contribution amount anytime soon :) - I did this to top up my last years ISA
Again .. what is the deal with holding fractional shares (of ETFs in particular) within an ISA ? There is so little discussion about this that I can see. Does anyone know what is going on/likely to happen with that ?
You are fine to hold fractional shares inside an ISA :)
It was all cleared up - HMRC were just being pedants and trying to interpret the law in a bad way.
I'll let you do the research yourself for sources - happy investing!
Thank you for your comprehensive video - very useful
How do ISA transfers work ? I have predominantly invested in Indian markets( like Jupiter India etc in HL, but wish to transfer them to trading 212 but cannot find those kinds of funds so not sure what happens to those investments? Will trading 212 provide alternative options ?
So funds like Jupiter India etc are mutual funds - which means they are not found on the stock market and they only are found on platforms like HL, AJ Bell etc.
However there are plenty of India ETFs that you can find on platforms like T212. You just need to do the research and find them. Trading 212 don't offer mutual funds, they offer shares and ETFs. ETFs are overtaking mutual funds as the most popular way to go, maybe a future video for me :)
Currently have a Dodl account it’s nice but you can only buy/sell shares at a certain point in the day. Am thinking of trying others do they all allow buy/sell when you want, and are they all flexible ISAs ?
Nice one Toby, cheers. 👍
Thanks 👍
Do you think there is any point in holding my investments in a stocks and shares ISA if, for now, my possible gains from those investments are below the current tax free allowance of £3000 (I don't do dividend stocks)? As far as I can see, there isn't - am I right?
Think long term :)
At some point you almost certainly WILL end up being above the thresholds for either dividend tax or capital gains tax.
Not using an ISA in my view is a very poor decision if you can use one. The allowances are use them or lose them (you cant go back tax years). Over the next few decades your wealth is likely to grow and protecting it from tax will be one of the greatest returns on investments.
One the investments are inside an ISA they will always be protected and you can move them or transfer them wherever you need :)
Using the right platform an ISA won't cost you anything or very little...
@@TobyNewbatt Thanks for prompt reply. As ever you're very persuasive (hence why I don't bother with dividend stocks). I'll transfer from a GIA to a stocks and shares ISA with the start of the new year. Vanguard seems the best.
Thanks @TobyNewBatt for the clear video. I want to put 20k into ISA and additional 9k into my son junior ISA for the same tax year. Is this possible
Yes 👍
Interactive Investor? 2nd biggest broker in uk but no mention why?
Same reason about 20 others aren't mentioned. There are just better options out there for beginners. II charge a subscription fee, and IE and T212 don't :)
Maybe you should title it isa for beginners then😊
@@TobyNewbatt II also charges 1.5% FX fee - robbery!
Very helpful video and spreadheet, thanks. Is there a reason why Fidelity International fail to feature on these ISA comparison video's, not just yours but also other RUclipsrs reviews as well? Is there something fundamentally poor about their offerings? I have an old ISA with them and wondering whether I should consolidate elsewhere.
Thanks Paul! Nothing wrong with Fidelity or others that get missed out I just don’t think they are better than the ones here. For example, especially for new investors with smaller amounts to invest, why pay any fees at all when you don’t need to. Nothing stands out for me personally so I didn’t want to go into depth. Could add them to the spreadsheet though!
@@TobyNewbatt Thanks for the reply. As I said its fairly common for Fidelity to be excuded so its good to hear there is nothing obviously standing out as bad about them. I first invested with them probably 25 years ago when there wasn't as much choice as there is nowadays. I think they are a bit like HL insofar as they offer a broad range of products and do quite a lot of educational content (plus their Select 50 is always worth a look at, as a guide). Account fee's aren't the cheapest but come in lower than some, as always you have to study what fee's for what products and their varying thresholds (apparantly when you hit a new threshold the new reduced fee is applied to the total holding). Although ideally we shouldn't hold cash, since circa July 2023 they have started to pay interest and this has just increased to 3.6% (still below MM rates but still not too bad also considering no Account fees for the cash holding).
Great content, but I've never managed to get Trading 212 immediate bank transfer to work and a standard bank transfer says that the bank details cannot be checked ahead of transfer - very off-putting...
Thats very odd indeed, can't say I've ever heard of any issues! Could be a random KYC check. Always worked seamlessly for me.
I use first direct and transfer the traditional way and it did say cannot verify payee details. Works fine but test with a small amount first.
Toby thanks for the spread sheet. Can you explain why if trading 212 is very good, then why have the hassle of having x2 stocks and shares ISA'S? Those being investengine and trading 212? Thanks
I’ll do a video on why this works for me but in short it’s because you can now this financial year and also I like to organise my investments differently
Thank you
This is quite an interesting insight.
But I was wondering which platforms to use for LISA accounts?
Of the ones mentioned in the video it seems to me only AJ Bell provides LISA.
Have you already made a video where you explore the different LISA platform providers?
I've not done a best LISA video, maybe one for the future it's just a topic with very low interest though
@@TobyNewbatt thanks for your reply, although I wonder why is not that popular?
It seems to me a good catch to get an extra 1k £ boost from the government, are there any considerations I missed from your videos around it? Is it best to go all in S&S ISA instead for the tax year?
@@nicholastucci1093 You can only use the money to buy your first house or when you retire (aged 60+) - there is no flexibility with a LISA. Great if you do want to buy a house, but otherwise not so much.
With a S&S ISA you can take money out at anytime and this wins it for most people. And you can contribute at any age.
@@TobyNewbatt that's a valid point, you're right.
From the way I see it, I'm ok to keep a portion of my ISA up to pensionable age (should be considered 58 IIRC when you can withdraw this money), as a lump I can consider "very long term" investment 😆
Thanks for your answers 🙌
So long as someone isn't at risk of needing pre-retirement benefits like Universal Credit, LISAs are a pretty good option for retirement planning.
In essence they combine major benefits of a pension (tax relief top up) and ISA (tax free on way out). So your £4k pa contribution will not only beat the same investment in an ISA (£1k bonus), but you'll have a tax free pot at the end of it.
Everyone's plans are unique but, for example, some will retire early using UFPLS on their personal pension during pre-state pension age to get nearly £17k tax free from it, and when State Pension kicks in (taking up their personal income tax allowance), they use their tax free withdrawals (LISA/ISA) to top up state pension income.
So it's another way of adding flexibility to the future if not using for a first time home.
Hi Toby. Thanks for this. Will you be able to send me a copy of the at spreadsheet please? Thanks
The link is in the description
@@TobyNewbatt thanks Toby
@@TobyNewbatt got it Toby. Thanks a lot
InvestEngine reigns supreme 💪🏻
Vanda guard is number 1 butty
Not for serious players
@@TimComley Yeah, the lack of fees really kills me.
@@TruthTeller00 lack of choice
@@TimComley It’s got everything you need.
I want to buy TESLA can I use a stocks and shares ISA and get 20k worth then sell them in 10 year tax free? is there on going fee for a single stock?
You are very welcome to buy whatever you want inside an ISA - as long as the platform itself supports buying individual shares. Just be careful though...there's no guarantee with any single company with Tesla that you are going to make any profit in 10 years :) That's an extremely risky bet just FYI.
@@TobyNewbatt Thx Toby
What's your thoughts on reits?
I think the concept of being able to own property via an ETF is cool inside a REIT - However, just like any other investment a REIT has the same risk as any other company, there's no guarantee that it beats the market on a total returns basis in the long run so I'll just run with what I have.
FYI - if you are an index fund investor - you will own lots of REITS already inside of those index funds :)
@@TobyNewbatt thanks, I just keep thinking about focusing on income streams as I feel that's the best way to keep some sort of freedom. More income streams the more flexibility and options you have should any problem arise
@@originallifeclothing4038 Totally get where you are coming from. My personal view is that if you want income (at least later on in life) you can just sell down the shares you own. I know some people think this idea is weird and that's why they love dividends - but dividends are not free.
If you only buy stocks/ REITS that pay a dividend this has an effect on total returns and you could end up losing money versus just being the whole stock market :)
@@TobyNewbatt yep I agree. It's just difficult to figure out what's best. For me I'm thinking focus on enjoying now while my kids are young as this is when I'd need the income to take them out and also the other income streams would mean I sont have to work 60hours a week in a dead end job 🤣.
That's my thoughts I wonder if anyone else feels the same 🤔
@tobynewbatt.. how did you manage to allocate all of your funds towards Banks rather than QMMFs on trading 212 for the daily interest ? Mine seem to be allocated randomly. Thanks
I didn't, It was just allocated that way :)
Thank you Toby for information. I am new just watched your first video and it’s very helpful.
I have a strange question. How do we know if these investment apps are actually working for long term. For example if we deposit / invest in ETF £100 a month for 10 years how do we know if these apps will pay you funds? I feel dodgy to put money in the app then what about the end of it?
Theres a long answer to this question - in short, FCA regulations and CASS rules - worth googling these. We never know which platforms will last long term - but remember when your money is invested it is not in the platform the money is in the investment - watch a video I did a few weeks ago which says what happens when your broker goes bust
@@TobyNewbatt Thank you for replying 👍
Hey mate, I have maxed my T212 ISA every year and have a large sum of cash which I'd like to deposit into a T212 general investment account to earn 5.20%. Would you say its better to deposit this cash into a T212 GIA (same provider as my ISA) or go with another broker for protection/safety purposes? Appreciate your views, thanks.
Any reason not moving Vanguard ISA onto 212 or invest-engine to enjoy the bonus?
I might do that 😀
@TobyNewbatt new switch playground after exhausted most of the current bank switches 😁
I guess only downside is you'll need to cash in Vanguard investments to transfer..?
@@dannydr1 yep vanguard will have to sell, settle that trade then send as cash so it will take a few days and be out of the market
@@TobyNewbatt thanks a lot
Does VUAG do fractional shares?
VUAG is the ETF. Some platforms allow you to buy it in a fractional way, i hope that is what you mean?
@@TobyNewbatt Thanks. I meant on vanguard? If it doesn’t does that mean I will have cash in my isa every month as change and when it’s enough to buy a full share I can just buy a share randomly?
Hi
Why you don't mention interactive brokers?
The same reason I don’t mention about 20 others…they don’t offer anything better. More fees, more costs, more complicated. I literally say this in the video 👍
@@TobyNewbatt appreciate your comment but IBKR is one of the oldest and reliable broker in Europe. For about 2 years they removed majority of fees