Which S&S ISA has the lowest fees?

pqrdef

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.

It's a goodly chunk of the saving on income tax.

Might as well let the Government have the money if so much of the ISA tax break is going to be swallowed by the ISA manager's admin costs.

debbie42

switch76 wrote: »

I don't know if I need one company for shares, another for a share ISA and another to buy funds.

That's what I do: use III for my S&S and HL for funds.
There are no inactivity fees on III: I've never looked into their fund charges.

mac2008

Initial charges for funds on iii are usually discounted, up to 100% for some, but more commonly 80%, with an average initial charge of around 1%. Depends entirely on what funds you want to buy - then just go compare.

Mac

jimjames

pqrdef wrote: »

It's a goodly chunk of the saving on income tax.

Might as well let the Government have the money if so much of the ISA tax break is going to be swallowed by the ISA manager's admin costs.

One reason why many of my investment trusts are outside an ISA. With no income and capital gain under £10k it is far cheaper to keep outside ISA.