Investing in FTSE 350 Index tracker investment funds in the UK have become increasingly popular due to increased awareness of investment costs associated with active managed funds over time which do not always perform better.
Over the last decade, the costs of investing in tracker funds have decreased considerably. Shopping around to find the right tracker fund for you makes sense.
Index tracker funds are just as safe as any other type of Stocks and Shares ISA. They are regulated by the Financial Conduct Authority and covered by the FCSC scheme. However, your investments can do down in value.
You usually aren’t charged for opening your account but may be charged dealing fees for buying your tracker fund and ongoing fees for holding it.
You can contribute up to £20,000 to an index tracker ISA in the 2023/24 tax year. Your annual allowance refreshes each tax year.
You can open an index tracker fund ISA online, over the telephone or by post.
You will need to add money to open your account, either by debit card payment or via a Direct Debit contribution.
Capital at risk. Tax treatments depend on your individual circumstances and may change. The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website aims to provide information to help you make your own informed decisions. It does not provide personal advice based on your circumstances. If you are unsure of how suitable an investment is for you, please seek personal advice.