Hi,
I am hoping to open not one but three stocks and shares investments: a stocks and shares ISA, a normal investment account and a SIPP with the aim that all my dividends drawn up to higher tax rate go into the ISA up to it's limit, with the rest going into the regular trading account. Profits retained in the company up to value of 40k will go into a SIPP as company contribution. Most likely using ETF's as I want to be relatively passive. Aside - does this seem like a reasonable strategy ? From what I can tell it is the most tax efficient way at any rate. Open to alternatives. Probably need to double check my understanding of CGT.
After reading around it seems ii / hl / charles stanley are the popular options here. I am also tempted by the Triodos ethical s&s ISA, the investments are in euros which I suspect will do well vs the pound.
Anyway I know all the platforms have their own advantages / sweet spots. What I'd like ideally is to be able to manage all 3 accounts as simply as possible (1 platform?) and preferably pay the least possible. I know some of the platforms above offer all 3 of the products I am interested in but I have been unable to deduce if there's any advantages / disadvantages to using the same platform, or whether it is more prudent to select whichever platform is advantageous to each particular product (Say charles-stanley for SIPP & Triodos for ISA?)
I am hoping to open not one but three stocks and shares investments: a stocks and shares ISA, a normal investment account and a SIPP with the aim that all my dividends drawn up to higher tax rate go into the ISA up to it's limit, with the rest going into the regular trading account. Profits retained in the company up to value of 40k will go into a SIPP as company contribution. Most likely using ETF's as I want to be relatively passive. Aside - does this seem like a reasonable strategy ? From what I can tell it is the most tax efficient way at any rate. Open to alternatives. Probably need to double check my understanding of CGT.
After reading around it seems ii / hl / charles stanley are the popular options here. I am also tempted by the Triodos ethical s&s ISA, the investments are in euros which I suspect will do well vs the pound.
Anyway I know all the platforms have their own advantages / sweet spots. What I'd like ideally is to be able to manage all 3 accounts as simply as possible (1 platform?) and preferably pay the least possible. I know some of the platforms above offer all 3 of the products I am interested in but I have been unable to deduce if there's any advantages / disadvantages to using the same platform, or whether it is more prudent to select whichever platform is advantageous to each particular product (Say charles-stanley for SIPP & Triodos for ISA?)
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