Low cost Stocks & Shares (Investment) ISAs: The Best Currently Available List!

First of all, it sounds like some people will find this thread useful so I will keep it up to date. I have written an introduction and inserted that into post 1. I think checking the details every 3 months will be sufficient so I have made a note in my diary to do that. I will certainly want to update it in March of each year as I may well alternate each year's S&S ISA allowance, e.g. some years I may invest in unit trusts/OEICs in one ISA and other years in shares/investment trusts/ETFs in a different ISA.

kidmugsy wrote: »

Many thanks. I'm wondering about transferring an S&S Isa to get lower dealing costs, so I'd be delighted to know whether any of them have a transferring-in fee or even a transferring-in incentive payment.

These companies usually do not charge anything for transferring in (but check with the company that you want to transfer out from to see if they charge anything for transferring out). The incentive for transferring in with the brokers listed in post 2 is that you will benefit from a partial or full rebate on your future trail commission.

aspiration wrote: »

Great idea! Could something similar be done for SIPPs in this forum or in the pensions one?

If there is lots of demand for it, I could do that but I think Martin has mentioned the main SIPP options on his page in the main site so what I have done is added a link to that page plus some other useful SIPP pages in my new introduction (post 1).

Maxibon wrote: »

Do you think you could add star ratings for "trustworthiness" or something like that? If available, of course! It'd be really good to get that kind of input, too. But as I said, this is great and it really helps!

I might add a new line called "MSE Forum User opinions / experiences" to the brokers in post 3 with links to posts on this page or other pages. MSE forum users are very welcome to post on this thread what they think of the different discount providers.

psychic_teabag wrote: »

For funds, there's a comparison of brokers at
http://www.candidmoney.com/actionplans/actionplan3.aspx

They also mention Alliance Trust Savings as an option if you also want to hold shares.

Thanks a lot for that link. I have never seen that website before but I like it! I have now added a link to that page in post 1. I thought about adding Alliance Trust or Selftrade in post 3. They both charge annual fees (you may get some "free trades" for your annual fee but they are worth less than the annual fee cost) and their trading costs are similar to the providers in post 3 so I have left them off for the moment. I am willing to re-consider that if people think that Alliance Trust or Selftrade are particularly good and worth paying the fee.

dougz, thanks a lot for pointing out HSBC. I have now added that to post 3.

SS2

I have now added Alliance Trust (posts 2 and 3), Sippdeal (posts 2 and 3), SVS Securities (post 3) and iDealing.com (post 3).

I was pleasantly surprised to find that Alliance Trust offers very good trail commission rebates (sometimes better than Cavendish Online with Cofunds or Fidelity platforms). It is a shame that Alliance Trust charges annual and dealing fees though.

SS2