Which S&S ISA has the lowest fees?

switch76

I want a self select stocks and shares ISA. Which company charges the lowest annual management fee?

How do they justify the fee considering they don't do any extra work and don't give any advice. They just put the shares in an ISA wrapper.

mac2008

Many brokers don't charge fees merely for providing the ISA wrapper - e.g. iii or H-L et al. - The annual management fee is charged by the fund(s) you place in the ISA wrapper, who are the ones doing the work. Though as others have pointed out - low fees aren't the only factor in deciding whether to invest.

switch76

I've looked at H-L. For a share ISA they charge 0.5% up to a maximum of £200 a year.

Sceptic001

TD Waterhouse don't charge an annual fee if the ISA value is >£5100.

lisyloo

I guess they charge the money for keeping the ISA records, making sure you don't go over the ISA limit i.e. complying with the ISA regulations and data protection Act, keeping your data secure and backed up etc.
You probably get on-line access as well, so their software costs.

Doesn't seem unreasonbale to me.

switch76

lisyloo wrote: »

I guess they charge the money for keeping the ISA records, making sure you don't go over the ISA limit i.e. complying with the ISA regulations and data protection Act, keeping your data secure and backed up etc.
You probably get on-line access as well, so their software costs.

Doesn't seem unreasonbale to me.

They do all that on a normal share dealing account for free.

How much can it cost them just to check that you're within your ISA limit?

mac2008

ah, sorry, my mistake about H-L. I still don't believe iii charge any annual or inactivity fee. Have a look at: http://www.iii.co.uk/isas/?type=isa_charges

Mac

leahciM

i can confirm that iii don't charge anything for an ISA wrapper.

lisyloo

How much can it cost them just to check that you're within your ISA limit?

Why don't you call them up or email them and ask them what their charges are for?
That's probably the best way to get a definitive answer if it's not on their web site.

If you can get it for less or free elsewhere then I wouldn't worry about it.

I pay 0.5% with Novia but I get monthly reviews and advice and I consider that good value.

jimjames

switch76 wrote: »

I've looked at H-L. For a share ISA they charge 0.5% up to a maximum of £200 a year.

But no fees for fund ISAs and you can get rebates of annual fees - no much but all helps. They also have 0% initial charge on many funds.

switch76

jimjames wrote: »

But no fees for fund ISAs and you can get rebates of annual fees - no much but all helps. They also have 0% initial charge on many funds.

From what I can gather HL are the best for funds but not for shares. I don't know if I need one company for shares, another for a share ISA and another to buy funds.

What are the charges at TD Waterhouse and iii like for funds? What do they charge to trade shares/funds? Are there inactivity fees or other fees?