Thanks for the reply! Yes, VOO is a reporting fund. The thing for me is I have limited funds I can invest and am currently dividing this between savings for a house, investments in my US brokerage account, and my U.K. workplace pension. I’m currently in the higher rate tax bracket for part of my salary and hence why I’ve increased my contributions there as that’s an easy win. But that leaves me with around £500 to split up in different investment pots. I’m excluding savings in the LISA (which I know needs reporting and is US taxable for the U.K. gov top up) and my bank account/emergency fund. I’d love to open a Roth IRA and max it out plus save in my other brokerage account as that’s already got quite a bit in it as I’ve been investing in it for over a decade. But I don’t have enough spare cash to invest to do this. I’ll be starting with a zero balance in the Roth which is a bit disheartening as it won’t double as quickly as the other account, but then will have greater tax benefits in the future.
So I’m stuck on what’s the most advantageous way to invest the amount I have for now.
So I’m stuck on what’s the most advantageous way to invest the amount I have for now.
Statistics: Posted by Redstar222 — Tue Dec 31, 2024 3:10 pm — Replies 2 — Views 107