Hi guys,
I got some really great feedback on some questions I asked about moving to a new ISA provider to take advantage of lower fees. One of the responses was to check out Monevator's ISA hacks to see what may work best for me. I've done some digging and come up with this approach. Can you guys shoot some holes in it for me?
£1,000 £20
£5,500 £55
£8,000 £70
£15,000 £120
£20,000 £150
£30,000 £225
£45,000 £325
£65,000 £525
£100,000 £750
£120,000 £1,100
£300,000 £2,500
I must admit this feels a bit too straight forward and I'm sure you guys will catch some thing I haven't. The only issue I can see at the moment is that Invest Engine may not actually offer the FTSE Global All Cap Index Fund acc. With this in mind I wouldn't be averse to switching to VWRP upon transfer.
Thanks guys!
J
I got some really great feedback on some questions I asked about moving to a new ISA provider to take advantage of lower fees. One of the responses was to check out Monevator's ISA hacks to see what may work best for me. I've done some digging and come up with this approach. Can you guys shoot some holes in it for me?
- Open an Invest Engine ISA
- Transfer over full value of current Vanguard ISA (100% FTSE Global All Cap Index Fund Accumulation) to Invest Engine and pick up their transfer bonus:
£1,000 £20
£5,500 £55
£8,000 £70
£15,000 £120
£20,000 £150
£30,000 £225
£45,000 £325
£65,000 £525
£100,000 £750
£120,000 £1,100
£300,000 £2,500
- Hold transferred amount in Invest Engine with no trading activity
- Continue to purchase regular monthly amounts through Vanguard
- At the most appropriate time (annually?) transfer Vanguard amount over to Invest Engine
I must admit this feels a bit too straight forward and I'm sure you guys will catch some thing I haven't. The only issue I can see at the moment is that Invest Engine may not actually offer the FTSE Global All Cap Index Fund acc. With this in mind I wouldn't be averse to switching to VWRP upon transfer.
Thanks guys!
J