Global Index Fund for Kids Savings

C

Calypso

Registered User
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Any help on this would be appreciated.

My kids have savings sitting in the credit union but I’ve been listening to a lot of financial podcasts and by the time the kids get to 18, a lot of value will have been lost.

I wanted to take some of their savings initially (3000) and invest them in a Global Index Fund.

I have done some research and one global fund I saw recommended was the FTSE Global All Cap Index Fund Accumulation.

However, it doesn’t appear to be available in Ireland (at least on Trading212 or Degiro).

The Vanguard FTSE All World (Acc) ETF is available on both Degiro and Trading 212 but I’m told it is an ETF and because of tax on ETFs, I would be better use an index fund.

Can anyone advise of a good Global Index Fund they’d recommend? And would I be better using Degiro or Trading 212?

Research to date seems to state Trading212 is easier to use and better when we will only be adding small additional amounts.
 
Calypso said:
it is an ETF and because of tax on ETFs, I would be better use an index fund.
Click to expand...
They are taxed the same.

There are recommendations that the tax regime for funds and etfs change i.e. deemed disposal abolished and tax under CGT. If deemed disposal is done away with, you won't have to worry about taxation until they cash in the fund.

Don't split hairs over which excellent index is the best one to use, invest the money and forget about it.
 
Steven Barrett said:
There are recommendations that the tax regime for funds and etfs change i.e. deemed disposal abolished and tax under CGT.
Click to expand...

Key Post - ETF Tax Changes - Summary of current position

Previous thread: https://www.askaboutmoney.com/threads/is-the-41-exit-tax-soon-to-be-scrapped-michael-mcgrath-to-review.230266/post-1949220 Thread to discuss Life Assurance changes: https://www.askaboutmoney.com/threads/life-assurance-exit-tax-laet-changes.241236/ This thread summarises the...
www.askaboutmoney.com
 
Steven Barrett said:
They are taxed the same.

There are recommendations that the tax regime for funds and etfs change i.e. deemed disposal abolished and tax under CGT. If deemed disposal is done away with, you won't have to worry about taxation until they cash in the fund.

Don't split hairs over which excellent index is the best one to use, invest the money and forget about it
Click to expand...
So you reckon I can just go ahead with the Vanguard FTSE All World (Acc) ETF as there’s no difference between the two?
 
The FTSE Global All Cap Index is an index created by FTSE, which they sell to fund mangers. The Vanguard FTSE All World (Acc) ETF is Vanguard's fund which tracks the index that FTSE has created. They are the same thing.
 
You can compare fees (TER) for ETFs here:
www.justetf.com

The best World ETFs

The easiest way to invest in the global stock market is to invest in a broad market index. This can be done at low cost by using ETFs.
www.justetf.com www.justetf.com
 
I do the exact same thing. Only on trade republic. Easy to set up auto payments.

I'm also hopeful it will be brought into the cgt taxation.

I investment in the same fund but through standard life for my pension as you can't do that on the apps.
 
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