Vanguard S&S ISA
Discussion
leemanning said:
Thinking of taking one of these out, not had one before.
Is it as simple as it seems?
- Create account
- Choose funds and add to basket
- Pay amount for funds
Are there any fees for them other than the product fee they show?
I have VUKE and VERX shares in a First Direct S&S ISA. I think the charge for me is 0.28%Is it as simple as it seems?
- Create account
- Choose funds and add to basket
- Pay amount for funds
Are there any fees for them other than the product fee they show?
I deleted my previous post as it was too confusing 
Yes the Vanguard approach is very simple in terms of charging. You pay .15% for the platform and then the funds have their own fee. For the LifeStrategy funds, which I’m aiming to take out this week, it’s .22% making a total of 0.37%.
Yes the Vanguard approach is very simple in terms of charging. You pay .15% for the platform and then the funds have their own fee. For the LifeStrategy funds, which I’m aiming to take out this week, it’s .22% making a total of 0.37%.
garyhun said:
I deleted my previous post as it was too confusing
Yes the Vanguard approach is very simple in terms of charging. You pay .15% for the platform and then the funds have their own fee. For the LifeStrategy funds, which I’m aiming to take out this week, it’s .22% making a total of 0.37%.
Plus transaction costs?Yes the Vanguard approach is very simple in terms of charging. You pay .15% for the platform and then the funds have their own fee. For the LifeStrategy funds, which I’m aiming to take out this week, it’s .22% making a total of 0.37%.
Derek Chevalier said:
garyhun said:
I deleted my previous post as it was too confusing
Yes the Vanguard approach is very simple in terms of charging. You pay .15% for the platform and then the funds have their own fee. For the LifeStrategy funds, which I’m aiming to take out this week, it’s .22% making a total of 0.37%.
Plus transaction costs?Yes the Vanguard approach is very simple in terms of charging. You pay .15% for the platform and then the funds have their own fee. For the LifeStrategy funds, which I’m aiming to take out this week, it’s .22% making a total of 0.37%.
garyhun said:
Derek Chevalier said:
garyhun said:
I deleted my previous post as it was too confusing
Yes the Vanguard approach is very simple in terms of charging. You pay .15% for the platform and then the funds have their own fee. For the LifeStrategy funds, which I’m aiming to take out this week, it’s .22% making a total of 0.37%.
Plus transaction costs?Yes the Vanguard approach is very simple in terms of charging. You pay .15% for the platform and then the funds have their own fee. For the LifeStrategy funds, which I’m aiming to take out this week, it’s .22% making a total of 0.37%.
If it's of any help, I've just gone through the process with Vanguard and it was simplicity itself.
I've put funds into an S & S ISA with Lifestrategy 60.
There was a fairly standard registration process and then actually allocating the funds was straightforward. The whole thing once I'd decided to go ahead hardly took any time.
The actual contract confirmation came through the following day.
Good luck with whatever you decide to do.
David
I've put funds into an S & S ISA with Lifestrategy 60.
There was a fairly standard registration process and then actually allocating the funds was straightforward. The whole thing once I'd decided to go ahead hardly took any time.
The actual contract confirmation came through the following day.
Good luck with whatever you decide to do.
David
fosunfan said:
If it's of any help, I've just gone through the process with Vanguard and it was simplicity itself.
I've put funds into an S & S ISA with Lifestrategy 60.
There was a fairly standard registration process and then actually allocating the funds was straightforward. The whole thing once I'd decided to go ahead hardly took any time.
The actual contract confirmation came through the following day.
Good luck with whatever you decide to do.
David
How old are you David?I've put funds into an S & S ISA with Lifestrategy 60.
There was a fairly standard registration process and then actually allocating the funds was straightforward. The whole thing once I'd decided to go ahead hardly took any time.
The actual contract confirmation came through the following day.
Good luck with whatever you decide to do.
David
Only ask as I’m doing the LS60 as well at age 56. I may also do a LS40 next week to average out at LS50 but not too sure yet.
There is a rule of thumb (one of many different ones I’m sure) that says it’s 100 minus your age but I think over 10 years (which is my investment horizon) 60 or even 80% equities seems appropriate.
garyhun said:
Derek Chevalier said:
garyhun said:
I deleted my previous post as it was too confusing
Yes the Vanguard approach is very simple in terms of charging. You pay .15% for the platform and then the funds have their own fee. For the LifeStrategy funds, which I’m aiming to take out this week, it’s .22% making a total of 0.37%.
Plus transaction costs?Yes the Vanguard approach is very simple in terms of charging. You pay .15% for the platform and then the funds have their own fee. For the LifeStrategy funds, which I’m aiming to take out this week, it’s .22% making a total of 0.37%.
https://www.vanguardinvestor.co.uk/content/documen...
garyhun said:
How old are you David?
Only ask as I’m doing the LS60 as well at age 56. I may also do a LS40 next week to average out at LS50 but not too sure yet.
There is a rule of thumb (one of many different ones I’m sure) that says it’s 100 minus your age but I think over 10 years (which is my investment horizon) 60 or even 80% equities seems appropriate.
Just turned 63.Only ask as I’m doing the LS60 as well at age 56. I may also do a LS40 next week to average out at LS50 but not too sure yet.
There is a rule of thumb (one of many different ones I’m sure) that says it’s 100 minus your age but I think over 10 years (which is my investment horizon) 60 or even 80% equities seems appropriate.
Best Wishes,
David
Derek Chevalier said:
garyhun said:
Derek Chevalier said:
garyhun said:
I deleted my previous post as it was too confusing
Yes the Vanguard approach is very simple in terms of charging. You pay .15% for the platform and then the funds have their own fee. For the LifeStrategy funds, which I’m aiming to take out this week, it’s .22% making a total of 0.37%.
Plus transaction costs?Yes the Vanguard approach is very simple in terms of charging. You pay .15% for the platform and then the funds have their own fee. For the LifeStrategy funds, which I’m aiming to take out this week, it’s .22% making a total of 0.37%.
https://www.vanguardinvestor.co.uk/content/documen...
I think for FY18/19 I paid about 30 pounds on mid 5 figures - so effectively zero when you consider its would be six times that just in 50bps stamp duty alone to purchase UK listed stocks.
Edited by Testaburger on Wednesday 3rd April 13:34
Derek Chevalier said:
garyhun said:
Derek Chevalier said:
garyhun said:
I deleted my previous post as it was too confusing
Yes the Vanguard approach is very simple in terms of charging. You pay .15% for the platform and then the funds have their own fee. For the LifeStrategy funds, which I’m aiming to take out this week, it’s .22% making a total of 0.37%.
Plus transaction costs?Yes the Vanguard approach is very simple in terms of charging. You pay .15% for the platform and then the funds have their own fee. For the LifeStrategy funds, which I’m aiming to take out this week, it’s .22% making a total of 0.37%.
https://www.vanguardinvestor.co.uk/content/documen...
LS60 has annual transaction fees of 0.11%, giving a total annual cost of 0.48%
LS40 has annual transaction fees of 0.12%, giving a total annual cost of 0.49%
If you wanted to hold these in a pension with, for example, HL then you would lose the Vanguard account fee but gain the HL one, leaving total annual costs of 0.78% to 0.79%.
This does not to me appear to be great value given there is no human involvement in portfolio asset allocation management (which Derek would argue was a good thing - and I would argue otherwise!) and no one there to help you wider financial planning questions and issues.
Still good going for the ISA though if you are not bothered about the two points above, Though headlining on the low fund cost rather than to total cost is something I really don't like. We always headline on the total cost, which makes people think we are more expensive than we are, but is at least the honest approach.
JulianPH said:
They vary considerably from 0.01% to 0.28%
LS60 has annual transaction fees of 0.11%, giving a total annual cost of 0.48%
LS40 has annual transaction fees of 0.12%, giving a total annual cost of 0.49%
If you wanted to hold these in a pension with, for example, HL then you would lose the Vanguard account fee but gain the HL one, leaving total annual costs of 0.78% to 0.79%.
This does not to me appear to be great value given there is no human involvement in portfolio asset allocation management (which Derek would argue was a good thing - and I would argue otherwise!) and no one there to help you wider financial planning questions and issues.
Still good going for the ISA though if you are not bothered about the two points above, Though headlining on the low fund cost rather than to total cost is something I really don't like. We always headline on the total cost, which makes people think we are more expensive than we are, but is at least the honest approach.
The headline figure is valid, Julian - as with anything from investments to phone contracts, I just want to know what it will cost me. LS60 has annual transaction fees of 0.11%, giving a total annual cost of 0.48%
LS40 has annual transaction fees of 0.12%, giving a total annual cost of 0.49%
If you wanted to hold these in a pension with, for example, HL then you would lose the Vanguard account fee but gain the HL one, leaving total annual costs of 0.78% to 0.79%.
This does not to me appear to be great value given there is no human involvement in portfolio asset allocation management (which Derek would argue was a good thing - and I would argue otherwise!) and no one there to help you wider financial planning questions and issues.
Still good going for the ISA though if you are not bothered about the two points above, Though headlining on the low fund cost rather than to total cost is something I really don't like. We always headline on the total cost, which makes people think we are more expensive than we are, but is at least the honest approach.
That being said, I think VLS still represents the cheapest method of buying into a ‘set & forget’ portfolio - in VLS100 case, 0.38% a year. Whether that amounts to the ‘best value’ is obviously another discussion. I hold VLS100 among other things, but I’m happy to pay for value-added services, a la IM.
Speaking of which, last time I checked your website, the non-resident GIA wasn’t up and running - do you have any news regarding that?
Also, regarding a possible move back to the U.K. in 18 months or so, I’m about to embark on a knowledge quest regarding my overseas retirement pot (HK Provident fund, recognised by HMRC), and whether to leave it in HK or bring it back. Is this something you can shed any light on? We can take it off-grid if you’re able to chat at some point.
redandwhite said:
Currently invested in Vanguard via Fidelity, no transaction fees
I think you will find there are. The transaction fees are incurred by Vanguard at fund level. It makes no difference which platform you hold them with.This is why I think headlining on the low fee - rather than the total cost, which in the cases I cited added a further 50% to the annual fees before the platform costs - is not an open and honest approach.
JulianPH said:
This does not to me appear to be great value given there is no human involvement in portfolio asset allocation management (which Derek would argue was a good thing - and I would argue otherwise!) and no one there to help you wider financial planning questions and issues.
For larger pots I suspect it makes sense to minimise % fees on your holdings and pay for advice by the hour when you need it.Testaburger said:
JulianPH said:
They vary considerably from 0.01% to 0.28%
LS60 has annual transaction fees of 0.11%, giving a total annual cost of 0.48%
LS40 has annual transaction fees of 0.12%, giving a total annual cost of 0.49%
If you wanted to hold these in a pension with, for example, HL then you would lose the Vanguard account fee but gain the HL one, leaving total annual costs of 0.78% to 0.79%.
This does not to me appear to be great value given there is no human involvement in portfolio asset allocation management (which Derek would argue was a good thing - and I would argue otherwise!) and no one there to help you wider financial planning questions and issues.
Still good going for the ISA though if you are not bothered about the two points above, Though headlining on the low fund cost rather than to total cost is something I really don't like. We always headline on the total cost, which makes people think we are more expensive than we are, but is at least the honest approach.
The headline figure is valid, Julian - as with anything from investments to phone contracts, I just want to know what it will cost me. LS60 has annual transaction fees of 0.11%, giving a total annual cost of 0.48%
LS40 has annual transaction fees of 0.12%, giving a total annual cost of 0.49%
If you wanted to hold these in a pension with, for example, HL then you would lose the Vanguard account fee but gain the HL one, leaving total annual costs of 0.78% to 0.79%.
This does not to me appear to be great value given there is no human involvement in portfolio asset allocation management (which Derek would argue was a good thing - and I would argue otherwise!) and no one there to help you wider financial planning questions and issues.
Still good going for the ISA though if you are not bothered about the two points above, Though headlining on the low fund cost rather than to total cost is something I really don't like. We always headline on the total cost, which makes people think we are more expensive than we are, but is at least the honest approach.
That being said, I think VLS still represents the cheapest method of buying into a ‘set & forget’ portfolio - in VLS100 case, 0.38% a year. Whether that amounts to the ‘best value’ is obviously another discussion. I hold VLS100 among other things, but I’m happy to pay for value-added services, a la IM.
Speaking of which, last time I checked your website, the non-resident GIA wasn’t up and running - do you have any news regarding that?
Also, regarding a possible move back to the U.K. in 18 months or so, I’m about to embark on a knowledge quest regarding my overseas retirement pot (HK Provident fund, recognised by HMRC), and whether to leave it in HK or bring it back. Is this something you can shed any light on? We can take it off-grid if you’re able to chat at some point.
I think we are saying the same thing - we want to know the total cost for something (be it goods or services) rather than the headline cost.
I am happy to be able to say that as soon as we have got the manic tax year end out of the way this week it will be going live.
We can certainly shed some light on the options available (and pros and cons of each) with regard to keeping the pension assets in HK or bringing them over here. Nik and Paul are the best placed people to deal with this (with perhaps some further assistance from Charlotte - Head of Technical - in the office).
Please feel free to PM me any time you like and we can explore all of this. I would also appreciate your feedback on the International sub-site before we go live.
Cheese soufflé and venison in return when you are next back!
JulianPH said:
Hi mate, I trust all is well.
I think we are saying the same thing - we want to know the total cost for something (be it goods or services) rather than the headline cost.
I am happy to be able to say that as soon as we have got the manic tax year end out of the way this week it will be going live.
We can certainly shed some light on the options available (and pros and cons of each) with regard to keeping the pension assets in HK or bringing them over here. Nik and Paul are the best placed people to deal with this (with perhaps some further assistance from Charlotte - Head of Technical - in the office).
Please feel free to PM me any time you like and we can explore all of this. I would also appreciate your feedback on the International sub-site before we go live.
Cheese soufflé and venison in return when you are next back!
Sounds like a deal! I think we are saying the same thing - we want to know the total cost for something (be it goods or services) rather than the headline cost.
I am happy to be able to say that as soon as we have got the manic tax year end out of the way this week it will be going live.
We can certainly shed some light on the options available (and pros and cons of each) with regard to keeping the pension assets in HK or bringing them over here. Nik and Paul are the best placed people to deal with this (with perhaps some further assistance from Charlotte - Head of Technical - in the office).
Please feel free to PM me any time you like and we can explore all of this. I would also appreciate your feedback on the International sub-site before we go live.
Cheese soufflé and venison in return when you are next back!
Thanks mate, I’ll fire you a message this week regarding what my general questions are. Returning home is in no way set in stone, just a possibility at this stage. It may become even less likely depending on the findings!
I’d be delighted to have a poke around your sub-site - although having become accustomed to Vanguard’s visibly low-cost web offering and (my personal favourite) Fundsmith’s GCSE IT coursework creation of a web portal, I’m easily pleased!
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