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New Halifax charges post RDR

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WorzelG
WorzelG Posts: 23 Forumite
in Savings & investments
Just a post for information purposes.

Halifax just emailed me with their new charges post RDR.

It will be £12.50 to buy/sell the new 'clean' funds (currently £0). Existing funds will be switched over to their clean equivalents from end of Jan.

They did not mention a change to annual admin charges but these are currently £12.50 for an ISA and max £180 for SIPPs (over £50k pot).

Seem very competitive all in all.

Cheers.

Comments

  • kidmugsy
    kidmugsy Posts: 12,709 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    WorzelG wrote: »
    Just a post for information purposes.

    Halifax just emailed me with their new charges post RDR.

    It will be £12.50 to buy/sell the new 'clean' funds (currently £0). Existing funds will be switched over to their clean equivalents from end of Jan.

    They did not mention a change to annual admin charges but these are currently £12.50 for an ISA and max £180 for SIPPs (over £50k pot).

    Seem very competitive all in all.

    Cheers.

    Can you tell us their charges for shares, ETFs. Bonds and Gilts, please?
    Free the dunston one next time too.
  • A_Flock_Of_Sheep
    A_Flock_Of_Sheep Posts: 5,332 Forumite
    Tenth Anniversary 1,000 Posts Combo Breaker PPI Party Pooper
    Had same email also.

    Remembering also that you can also buy for £2 on 4 occasions a month using the share save option - you can use it for single purchases or multiples. They also do an offer once a month where you can deal for £3.95.

    That is set to continue.

    Vanguard LS 100% Equity is there but they have told me that the Bond mix LS products will be available soon.

    I am happy with Halifax. No £2 platform fees.

    Was with HL who I thought were expensive!

    Live trading out of the regular scheme and offers is £12.95 per deal plus SDRT.
  • WorzelG
    WorzelG Posts: 23 Forumite
    kidmugsy wrote: »
    Can you tell us their charges for shares, ETFs. Bonds and Gilts, please?

    It's still £11.95 to buy etfs/shares, not sure about bonds/gilts.

    They seem quite favourable when compared to the providers who have already shown their hand with the post RDR charges.
  • kidmugsy
    kidmugsy Posts: 12,709 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    WorzelG wrote: »
    It's still £11.95 to buy etfs/shares, not sure about bonds/gilts.

    Thank you. What if you want to use an ISA wrapper? Are there extra fees for that?
    Free the dunston one next time too.
  • Porcupine
    Porcupine Posts: 682 Forumite
    Be interesting to hear in due course what the fees are for Halifax whitelabels (iWeb, Motley Fool, etc)...
  • WorzelG
    WorzelG Posts: 23 Forumite
    kidmugsy wrote: »
    Thank you. What if you want to use an ISA wrapper? Are there extra fees for that?

    ISA annual admin fee is £12.50 which seems very cheap really.
  • TCA
    TCA Posts: 1,602 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Their website looks like it still shows the old charging for a regular dealing account but this link below refers to their "new charges" for ISAs. Seems very cheap! Looks like previously they offered separate ISAs for funds and shares but not any more:

    http://www.halifax.co.uk/sharedealing/our-accounts/stocks-and-shares-isa/
  • msauk
    msauk Posts: 32 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    A_Flock_Of_Sheep wrote: »
    Had same email also.

    Vanguard LS 100% Equity is there but they have told me that the Bond mix LS products will be available soon.

    Can I ask how you were notified about Halifax's intention to make available the various bond-shares mix LifeStrategy producets on their platform? Personal communication, or an email, perhaps?

    I ask because if they do, it will probably be the cheapest way for me to hold my current investment in Vanguard's LS 80 fund, assuming Halifax share-dealing service stick with the annual £12.50 charge.
  • BeachNut
    BeachNut Posts: 128 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Can Halifax be used to invest in the LifeStrategy funds without a tax wrapper ? I can't seem to find which account you would need to open. Thanks.
  • TCA
    TCA Posts: 1,602 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    It's not very clear but their Share Dealing Account boasts you can "access a wide range of investment options, including shares, funds, ETFs, bonds and gilts, investment trusts and warrants."

    I presume therefore that this is the account to use for unwrapped funds. If in doubt I'd contact them.

    http://www.halifax.co.uk/sharedealing/our-accounts/share-dealing-account/

    Currently they only offer Vanguard LifeStrategy 100% Equity Acc.
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