Vanguard Global AllCap

[littlematchstickgirl]

Hi, I am very new to investing. Is the Vanguard Global AllCap an ISA or just a stocks and shares investment?

I looked on their site but I find it all a bit baffling, tbh.

I am looking to invest a small amount each month and read that this was a good fund. I have an ISA already, so couldn't open another one, but (if I'm right), I can invest into another fund, as long as it's not an ISA?

Thanks in advance for any advice!!

You're making a fundamental error there. You might want to do a bit more reading up on investment before putting money into anything.

An ISA is a wrapper, not an investment. So is a pension. So is a general investment account (a sort of general-bucket wrapper, without either the tax advantages or restrictions of ISAs and pensions.)

Within those wrappers you can hold different types of investments - individual shares, funds, bonds, cash etc.

The Vanguard All Cap is a fund. You can hold it in any type of wrapper. Depending on your current ISA type and what company it is with you might be able to buy the fund within it.

Thank you for the advice! I find it all confusing.

I didn't word it very well - I have a cash and a S&S ISA already - I understand the ISA is the wrapper and I can put up to £20K per year into them combined, tax free.

I was wondering if I should invest some extra, which I couldn't use with the ISA wrapper, as am using annual allowance already.

Id like to try some more S&S and read that the Global All Cap was good, I just want sure that I could do that if it wasn't in an ISA.

Is that sensible / possible? My S&S ISA is Vanguard Lifestyle 80%. Thank you

Yes you can buy it just in an general investment account - although you'll need to keep track of dividends, so if there's an income and an accumulation version get the former. Or you can wait a few weeks and stick it in the ISA as part of next year's allowance.

Or you could buy it in a SIPP, if you have some pension allowance free and can tuck it away until you are at least 57.