dmukgr wrote:Thanks guys - the question of tax was more for it being American and the comments earlier in the thread about US tax law etc.
With reference to it being aggressive given it is only for the short term, my thinking was that as it is going into equities, in one sense it doesn't matter as if it tanks then I would be buying the roughly the same amount of IT shares anyway in that they should have also tanked. If it rockets up then I have change left over - so effectively I would be hedging against a rising market if I don't just keep the premium bonds for now.
I'd suggest then that you go for the 20/80 fund which theoretically won't drop as much or stay in cash/ PBs. The VLS yield at 1.3% is probably only a tad more than you might get with average luck in PBs. If the market steps back over the next 2 years, you can benefit.
Just proffering an alternative viewpoint. Of course, the markets might climb further but it would be on a US market which is at an all time high, or near on.
The Lifestrategy fund(s) are domiciled in the UK....the ISIN tells me that ( GB00B4PQW151 for the 80% equities fund).
https://markets.ft.com/data/funds/tears ... PQW151:GBP
( hence although Vanguard is "American " you wouldn't have to fill in a W8-BEN form to buy it).