Best savings account?

I'm putting things into position for my savings plan for 2024 - 2025 slowly but surely.

To facilitate a few things I've opened a S&S ISA and a SIPP with Vanguard.

Done so far:
  • 1 of my 3 pensions has been moved over to the SIPP. To start with it's the smallest of the 3.
  • I've issued a transfer request for the 2nd of of my pensions.
  • I've configured £70 PCM to go into the SIPP automatically and invest. Note with ETF you have to buy in whole units so got to take this into account.
  • I've configured £250 PCM to into the S&S ISA automatically and invest.
  • For the other £680 PCM I have to invest, I'll probably largely be putting this into the ZOPA Cash ISA at 5.08%.
To do:
  • I can't partially exit my 3rd pension, which is the active one. Employer would need to re-enrol me so I get a new plan and my current one goes dormant. I can ask them but I doubt I can do this often.
  • Configure fees on Vanguard to be paid from cash going in from bank rather than selling investments.
  • Keep an eye on ISA allowance as it's shared, I have plenty left at the moment. Plan is to use £3K this year on the S&S ISA, I can probably hit the full £17K on the Cash ISA (currently at £8K).
General goal is to get something moving, I will look at re-balancing as time goes along. I expect I will add more into the S&S ISA next year vs this, and probably look at upping the SIPP to at least £100 PCM, but I doubt I'll raise this much until post 2026.

After my current mortgage deal ends I'll likely want to overpay some of it and add regular monthly overpayments again. My current mortgage is 1% so there is little point in overpaying now.

I'm quite heavy into Cash ISA vs other options at present, because I want the flexibility in the next couple of years, but if we get a stock market crash or similar I would be well positioned to move funds from the Cash ISA into the S&S ISA and top up investments instead.
 
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Is there really much difference between Vanguard FTSE Global All Cap and Vanguard FTSE All-World (VWRP)
The OH has transferred her Pension from her workplace pension to Vanguard and wants a simple leave it alone setup.
She had random mixture of things in her workplace but a certain percentage was ex-uk world / uk and emerging so the above seems better with a better more realistic weighting and less UK bias.
 
Don't have those in my SIPP which is across 3 in HL
Fidelity index world
Legal and general international index trust
Vanguard target retirement

For ISA across vanguard direct over the years I have
FTSE Developed World ex-U.K. Equity Index Fund - Accumulation
S&P 500 UCITS ETF - Accumulating (VUAG)

All of which have done well over the years

I did think about switching part of SIPP to vanguard for fees over HL
 
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ddoubleep said:
Is there really much difference between Vanguard FTSE Global All Cap and Vanguard FTSE All-World (VWRP)
The OH has transferred her Pension from her workplace pension to Vanguard and wants a simple leave it alone setup.
She had random mixture of things in her workplace but a certain percentage was ex-uk world / uk and emerging so the above seems better with a better more realistic weighting and less UK bias.
Click to expand...
Ones GBP and ones USD. I went with a VAFTA for my little girl as I didn't want to lose out to shyster FX conversions (not that I know what I am talking about).
 
Not financial advice but I am planning to do this across my S&S ISA and SIPP:

[70%] VHVG - https://www.vanguardinvestor.co.uk/...ped-world-ucits-etf-usd-accumulating/overview
[10%] VUAG - https://www.vanguardinvestor.co.uk/...and-p-500-ucits-etf-usd-accumulating/overview
[10%] VAFTIGA - https://www.vanguardinvestor.co.uk/investments/vanguard-ftse-100-index-unit-trust-gbp-acc/overview
[10%] VERG - https://www.vanguardinvestor.co.uk/...ope-ex-uk-ucits-etf-eur-accumulating/overview

I worked out that you can only buy the ETF units in whole numbers, but the FTSE unit trust can be purchased with any multiplier.
 
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HungryHippos said:
Not financial advice but I am planning to do this across my S&S ISA and SIPP:

[70%] VHVG - https://www.vanguardinvestor.co.uk/...ped-world-ucits-etf-usd-accumulating/overview
[10%] VUAG - https://www.vanguardinvestor.co.uk/...and-p-500-ucits-etf-usd-accumulating/overview
[10%] VAFTIGA - https://www.vanguardinvestor.co.uk/investments/vanguard-ftse-100-index-unit-trust-gbp-acc/overview
[10%] VERG - https://www.vanguardinvestor.co.uk/...ope-ex-uk-ucits-etf-eur-accumulating/overview

I worked out that you can only buy the ETF units in whole numbers, but the FTSE unit trust can be purchased with any multiplier.
Click to expand...
All of 2-4 will also be included in 1 so not sure why you would be doubling up?
 
nam said:
Don't have those in my SIPP which is across 3 in HL
Fidelity index world
Legal and general international index trust
Vanguard target retirement

For ISA across vanguard direct over the years I have
FTSE Developed World ex-U.K. Equity Index Fund - Accumulation
S&P 500 UCITS ETF - Accumulating (VUAG)

All of which have done well over the years

I did think about switching part of SIPP to vanguard for fees over HL
Click to expand...
Move from HL or only hold ETFs on HL because the fee is capped. You will be rinsed holding OEICs on there.
 
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JunkBot said:
All of 2-4 will also be included in 1 so not sure why you would be doubling up?
Click to expand...

Fees on 2-4 are lower than on 1, 1 is S&P focus so more US, 1 is Euro focused ex UK, and 1 is FTSE only so more UK focused.

Am not a financial advisor here but seems to make some sense to me to have bit of diversity, though I don't think there is anything wrong with 100% VHVG, less hassle long term.
 
As above. I was in a similar position thinking having pockets in various would be best before realising the overlap between them was significant. Now basically just have 2 for pensions and a few ISAs. VUAG and VWRP. Neither will be touched for at least 10 years.
 
darkgen said:
As above. I was in a similar position thinking having pockets in various would be best before realising the overlap between them was significant. Now basically just have 2 for pensions and a few ISAs. VUAG and VWRP. Neither will be touched for at least 10 years.
Click to expand...

What % overlap did you do on the VUAG to increase US exposure?
 
HungryHippos said:
Not financial advice but I am planning to do this across my S&S ISA and SIPP:

[70%] VHVG - https://www.vanguardinvestor.co.uk/...ped-world-ucits-etf-usd-accumulating/overview
[10%] VUAG - https://www.vanguardinvestor.co.uk/...and-p-500-ucits-etf-usd-accumulating/overview
[10%] VAFTIGA - https://www.vanguardinvestor.co.uk/investments/vanguard-ftse-100-index-unit-trust-gbp-acc/overview
[10%] VERG - https://www.vanguardinvestor.co.uk/...ope-ex-uk-ucits-etf-eur-accumulating/overview

I worked out that you can only buy the ETF units in whole numbers, but the FTSE unit trust can be purchased with any multiplier.
Click to expand...

I did look at things like this but as post above overlaps started to happen so went 100% VHVG for the foreseeable future. At most might add VUAG but for now it ticking along.
 
We're all guessing as to what is best, but I think just put most into one which tracks a lot of stuff globally, so at least 50-60% or more into one main one, you can then split into a few others if you want with smaller % values like I have.

This is just my opinion though!
 
ddoubleep said:
What % overlap did you do on the VUAG to increase US exposure?
Click to expand...
I did not over think it. I'm sure VWRP hooks into non SP500 stocks but you do not need to be exposed to everything. The VWRP all-world is my "touch-all" level of risk. It's a fire and forget strategy; I do no not have the time, energy or intellect to strategise on how to aggressively maximise on any specific investments / indices etc.
 
transferred my Satander Easy access ISA saver to T212 ISA today, did not take long just bank transfer details required.
 
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