Vanguard Standard Life vs Vanguard All World Degiro

[Cyclingmagpie]

Hi All,

Just wondering is their any other hidden fees or T&C with the Vanguard Standard life product vs the Degiro product ?

- Vanguard Standard life fees - Having an annual management charge of 0.95%.
- Vanguard FTSE All-World ETF (Accumulating), IE00BK5BQT80, TER 0.22%, Euronext Amsterdam

So the benefit off Standard life is they do the taxes for you but you need to save minimum €500 monthly to avail off 101% allocation so why choose the hassle off Degiro for monthly saving vs Standard Life or what else am i missing ?

 

[Airgunster]

@Cyclingmagpie Beware of Standard life's extreme slowness in support (they are very, very slow on responding to your queries / working on thei actions).

 

[Racrus]

One other thing I think you are missing is the disadvantaged way Standard Life do the tax for you. On the 8yrs anniversary when the tax is due, they pay the tax by using money that's within the fund. They won't let you pay the tax from your own separate source of money from outside of the fund. This has an effect on the long term performance of the fund.

With Degiro, you can pay the tax from your own cash, etc and leave the fund alone. It's bad enough having to pay the deemed disposal without being forced to pay it by taking money from he fund itself.

This is the way I was told it is with Zurich anyway and their life products, you could maybe email Standard Life directly and ask this but I'd assume they're all the same. Best get a 2nd opinion in case I'm mistaken.

 

[Corola]

If Standard Life deducts €1,000 from the fund to pay tax why can't you just invest another €1,000 back in? Then you have paid the tax from your own source.