Ah - so all this tax stuff happens inside the fund? I personally don't have to worry about paying income tax on the interest? Do the figures quoted by equities ISAs refer to the performance after all the tax shenanigans?
Right. And this is invisible to me, except as slightly better performance of the fund in these cases?
So my dream fund is probably 40% FTSE all-share tracker and 60% gilts or invesetment-grade bonds. Do the tax rules apply at the level of funds or accounts? Can i get an ISA and wrap a tracker fund and a bond fund, in a
40:60 ratio, and avoid the tax, or would i have to find a single fund that did something like that?Will do.
tom