THEME 11 ยท CORE

Costs, tax and wrappers (UK)

The two deductions nobody chooses and everybody pays. What each one is, mechanically, in UK terms. โ€” 12 lessons ยท 43 terms ยท 1 playbooks

The lessons

  1. 11.1

    OCF, TER, AMC โ€” three acronyms, one idea

    Three names for what a fund takes before you see a return.

  2. 11.2

    What a platform fee costs over a decade

    A percentage that sounds small, worked through over ten years.

  3. 11.3

    Dealing charges and regular investing

    What each trade costs, and why frequency matters more than size.

  4. 11.4

    The FX fee you didn't notice on your US trades

    Buying a dollar stock costs you twice โ€” once for the share, once for the dollars.

  5. 11.5

    Stamp duty on UK share purchases

    The tax you pay for buying, not for winning.

  6. 11.6

    ISA vs general investment account, factually

    Two accounts, two sets of rules. The differences, not the decision.

  7. 11.7

    ISA vs SIPP โ€” the mechanical differences

    Relief on the way in, or freedom on the way out.

  8. 11.8

    The UK dividend allowance

    How much dividend income falls outside tax, and what happens above it.

  9. 11.9

    The capital gains allowance

    The gain you can realise before CGT applies.

  10. 11.10

    US withholding tax and the W-8BEN

    Why a US dividend arrives smaller, and the form that halves the gap.

  11. 11.11

    Bed and ISA โ€” what the process involves

    Selling and rebuying inside a wrapper: the steps, and the gap in between.

  12. 11.12

    What happens to your investments if your broker fails

    Client assets, ring-fencing, and where FSCS actually applies.

Educational content only. It is not personal financial advice.