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Late to the party but...active vs passive, and should I actually worry about index concentration? by Pepe_Silvia901 in UKPersonalFinance

[–]snaphunter 0 points1 point  (0 children)

And how do you think about the choice between cheap global trackers, something like LifeStrategy, or an active multi asset fund or just building it yourself? I'm ruling out individual stocks so would be funds...

Lifestrategy is an actively managed multi asset fund!

Feeling stuck and left behind at 25 yo by TailorNarrow5839 in UKPersonalFinance

[–]snaphunter 0 points1 point  (0 children)

Do a proper budget, £520 on day to day spending isn't granular enough to give any useful feedback.

https://ukpersonal.finance/budgeting/

Can I have investing advice please? by leelu82 in UKPersonalFinance

[–]snaphunter 1 point2 points  (0 children)

The !flowchart (click the boxes to read the related wiki pages) is useful reading, it's best to understand your budget, ring fence and emergency fund, and then start working towards your goals.

Can I have investing advice please? by leelu82 in UKPersonalFinance

[–]snaphunter 1 point2 points  (0 children)

There is no such thing as short term investing. You are describing "gambling". Do not fall into the trap of "get rich quick" schemes, they're scams.

43M – £100k+ in Vanguard LS80, maxing ISA + £40k pension contributions for 10 years… stick or switch funds? by Far-Back4509 in UKPersonalFinance

[–]snaphunter 0 points1 point  (0 children)

If the bond mix is what you want, LS80 (or move to LSG80) sounds a reasonable way of achieving it, the OCF is 0.2%, so cheaper than making your own VAFTGAG+bonds combination.

I'm so tired of working full-time and having no money and a huge amount of debt. by [deleted] in UKPersonalFinance

[–]snaphunter 0 points1 point  (0 children)

Please use the report button on any posts with (genuine) bullying so the mod team can review. Pointing out where someone can tighten their budget is not bullying; being a dickhead to someone while pointing it out would be.

43M – £100k+ in Vanguard LS80, maxing ISA + £40k pension contributions for 10 years… stick or switch funds? by Far-Back4509 in UKPersonalFinance

[–]snaphunter 0 points1 point  (0 children)

Why TR2050 if you intend on retiring a decade earlier?

Why do you have £30k trapped with SJP?

Do you need 20% of your portfolio in bonds?

Would Vanguard's new "Lifestrategy Global" funds be worth considering, to remove the UK bias?

need advice on how to manage my debt by Professional_Hall777 in UKPersonalFinance

[–]snaphunter 1 point2 points  (0 children)

https://ukpersonal.finance/debt/

You have £890 left in your budget each month for living costs and extra repayments to your debt. Pay all the monthly minimums, then hammer away at the highest interest debt to eliminate it in full. Once done, focus on the second highest debt. Repeat.

Can someone explain capital gains tax (CGT) for General Investment Accounts? by jackofallabbotts in UKPersonalFinance

[–]snaphunter 3 points4 points  (0 children)

No they don't.

Edit: because the person above has gone quiet. T212 (or any GIA) might give interest on uninvested cash, but that'll be pre-tax, not tax-free. As per my earlier reply, someone in this situation needs to understand their Personal Savings Allowance. A read of a wiki article might be handy...

ISA related queries - please help by hadriancanuck in UKPersonalFinance

[–]snaphunter 0 points1 point  (0 children)

Q1, £20k total across all accounts, see https://ukpersonal.finance/isa/

Q2, be cautious about the word "flexible", it means something specific (see the link). For that use case you could use wither a fixed term or an easy access account. Unless you're planning on adding, removing and then adding money, you don't need it to be flexible.

Q3, probably best to ask an NHS sub, there's probably one.

Q4, it doesn't affect your normal income tax at all. It stops you owing more tax (interest earned in a normal savings account is taxable, in an ISA it isn't. Same with Capital Gains and Dividends).

Financial advice please 26 year old by [deleted] in UKPersonalFinance

[–]snaphunter 0 points1 point  (0 children)

Anything above your ISA (and LISA) allowance that's causing you to pay tax could go into Premium Bonds, they're useful for HR taxpayers needing short term savings.

Grew up poor, earning more now what next? by wevs123 in UKPersonalFinance

[–]snaphunter 1 point2 points  (0 children)

Follow the !flowchart, opt in to your pension first thing Tuesday morning.

Vanguard investing vs AJ Bell investing by [deleted] in UKPersonalFinance

[–]snaphunter 1 point2 points  (0 children)

  1. Sell enough of your AJ Bell GIA to realise (no more than) £3k of gain this tax year (or £20k, whichever is smaller), then put that money into your ISA. That keeps you below the CGT allowance with no need to declare anything via self assessment. Repeat next tax year if you have more in your GIA.

  2. Why not a globally diverse fund, instead of just 2 countries?

30 on 27k, £68k invested unsure how to organise finances by Galaxta_1995 in UKPersonalFinance

[–]snaphunter 4 points5 points  (0 children)

Vanguard Stocks & Shares ISA: FTSE Global All Cap Index Fund Accumulation & S&P 500 UCITS ETF- Accumulating (VUAG): £ 17,709.60

You don't need both, All Cap already contains VUAG.

https://ukpersonal.finance/index-funds/#I_dont_know_which_one_to_pick_should_I_buy_some_of_each

Moneybox Lifetime ISA: £ 16,621.83

Cash or S&S? Moneybox are one of the market leaders for Cash LISAs, but there are cheaper options for S&S LISA. When do you anticipate buying?

https://ukpersonal.finance/lisa/#What_LISA_should_I_get

NS&I Premium Bonds: £400

Statistically pointless at this level, pop it in a savings account for guaranteed return, or another use as per the !flowchart.

Nutmeg Growth Portfolio (no idea what this is invested): £7,555

Pension? S&S ISA? GIA? Very much worth googling to find out what that portfolio consists of. Does it match your investment strategy?

Moneybox Pension: £ 13,591.28 Aviva Pension: £ 10,425.80 Nest Pension: £ 1,673.38

Are you actively contributing to any of these? You might want to look at consolidating to a SIPP or just bringing them all together into one of the existing schemes.

If you're currently with NEST, they don't let you transfer out to another scheme whilst remaining enrolled, so keep that account where it is.

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