The L&G UK index follows a broad and diversified index that has proven impressive for active funds. The fund`s most expensive F&R share classes receive a Morningstar Analyst Bronze rating, while all other share classes are listed. In this update, Alex Watkins, Passive Investment Analyst, shares our analysis of the management process, culture, costs and performance of the Legal & General UK Index Fund. This unit has been added to your cart, to view your cart, click here In some cases, ongoing savings are provided by our loyalty bonus. Loyalty rewards are tax-exempt in an ISA or SIPP. However, they can be taxed into a fund and stock account, which would reduce their value and increase ongoing net fees. In the case of income units, all income is paid in cash. This can be withdrawn, reinvested or simply held in your account. In the case of accumulation units, any income will remain in the Fund; The number of shares remains the same, but the price of each unit increases by the amount of income generated within the fund. In general, accumulation units offer a slightly more efficient way to reinvest income, although many investors choose to hold income units and reinvest the income to purchase additional shares. 4 If you choose to receive earnings from a Vantage ISA or Vantage Fund & Share account, we collect all dividends for you and then deposit them directly into your bank account within the first 10 business days of the following month. In addition, loyalty bonuses received by foreign investors, businesses, and charities do not have to be paid with the tax deduction. So, if you are a foreign investor or represent a business or charity, please let us know if you want your loyalty bonuses to be paid without any deduction of an amount equal to property tax.
The objective of this fund is to achieve growth by tracking the performance of the FTSE All-Share Index. The fund will invest almost entirely in shares of the company. The fund`s investments will closely match those of the index. The index consists of a broad diversification of shares of British companies. The Fund may use derivatives to reduce risk or costs or to generate additional capital or income without risk or at an acceptable low risk. To invest, you need to open an account. Try our handy filter and find out which one is right for you. HMRC estimates that from April 2013, reductions on annual fees (e.g. Loyalty Rewards) paid on funds from nominee accounts such as our Fund & Share account, which should be subject to income tax. Loyalty bonuses paid on ISA and SIPP funds are not affected and remain tax-exempt. If loyalty bonuses are taxable, the value of our current savings may be reduced for you, depending on the tax rate you pay.
The following table gives an indication of how this may affect you. Keep in mind that past performance is not an indicator of future returns. If no data are presented, no figures are available. This information is provided to help you choose your own investments, keep in mind that they can both go down and up in value, so you can`t get back the original amount invested. Privacy Policy – All information should be used for informational purposes only. You need to review the data independently before making any investment decisions. HL cannot guarantee that the data is accurate or complete and assumes no responsibility for its use. Morningstar Awards as of October 18, 2022. Broadridge data as of September 30, 2022. The index management team consists of 25 fund managers assisted by two analysts. Management supervision is the responsibility of the Global Head of Index Funds. The team has an average industry experience of 15 years, including seven ears at LGIM, and is focused on achieving the equally important goals of accurate tracking and maximizing returns, in which case the ongoing savings are 0.06%, of which 0.01% is paid through loyalty bonuses.
The tax that may be due on this loyalty bonus, and therefore the value of this savings for you, is listed below. We think this FTSE All Share tracker is one of the best on the market. Its operating costs of 0.04% are among the cheapest available, but without compromising quality. Legal & General takes a simple approach and the fund is large enough to invest in even the smallest companies. Tax regulations are subject to change and benefits depend on individual circumstances. Keep in mind that loyalty rewards are tax-exempt for balances held in Vantage ISA or Vantage SIPP. This data is provided by Broadridge. HL accepts no responsibility for its accuracy and you should independently verify the data before making any investment decision. All returns are variable and not guaranteed. As of August 31, 2022. We believe that all loyalty bonuses are tax-free and question HMRC`s interpretation.
However, as we rise to this challenge, we pay loyalty bonuses in the Vantage Fund & Share account minus an amount equal to base tax. If we succeed in our challenge, we will give that money back to the customers. If we fail, we will use the money to pay all amounts owed to HMRC.