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## Investing in a General Investment Account After Maxing Out ISA

Hello everyone,

I have recently maxed out my ISA and am now looking to invest some money in a general investment account. This is my first time venturing outside the ISA wrapper and I want to make sure I navigate this new territory smoothly and efficiently.

One investment avenue I am considering is an accumulation class global tracker, with Vanguard being the likely choice but I am open to other similar index trackers. However, the prospect of calculating gains and potentially dealing with the dividend component for tax purposes has left me feeling overwhelmed.

In light of this, I am curious if there are any platforms that simplify this process for investors like myself. Having a user-friendly tool or platform that streamlines the tax implications and calculations would definitely be advantageous as I weigh my account options.

Any advice or recommendations on this matter would be greatly appreciated.

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View Reference


  • Spitfire_98

    Most (probably all) platforms will issue you with a consolidated tax certificate a month or so after the tax year ends, that lists all the dividends you have received. I use/have used II and Fidelity in the past and they both give you the info you need to complete the SA.

    It is a bit easier (if you don’t want to wait for this document or want to track things yourself) to just buy income funds in your GIA though as then you can see the dividends in your transaction history.

  • UniquesNotUseful

    It’s not the platform mainly but the fund type.

    When you buy shares you have accumulating, where the dividends automatically get reinvested – this means maths and working out. Or you have distributing, where you are paid the dividends, you then manually reinvested these, you just need to total the dividends. I did this using InvestEngine, so if that can do it most others should be able to.

    The other tax is Capital Gains Tax. You can harvest gains by selling each year and using your allowance (£3k). You can’t invest in the same fund within 30 days but you can go between two very similar funds. If you really like a fund, you can sell from your GIA end of tax year and invest in an ISA at the same time (bed and ISA – often sell end of tax year and invest in ISA at the start).

  • ukpf-helper

    Hi /u/corpjones, based on your post the following pages from our wiki may be relevant:


    ^(These suggestions are based on keywords, if they missed the mark please report this comment.)

  • AmInv3028

    not sure about brokers but you’d be better off investing in the income unit of the fund as the re-investment of dividend in an accumulation fund makes it trickier to untangle capital gains from dividends for the tax returns.

    also for open ended funds (OEIC / unit trusts) there’s a thing called “equalisation” to account for. not difficult but if simpleness is your aim then a distributing ETF might be the way to go. although now i think about it i’m assuming ETF’s don’t have the same or similar thing. would be nice if someone else could confirm.


  • Mayoday_Im_in_love

    Watch out for ERI on Irish domiciled ETFs like VWRP/L.

    To put the tax cart before the investment horse you may be better with a UK domiciled distributing ETF. That way you don’t need to worry about nominal dividends, equalisation or ERI.