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

atypical

koru wrote: »

If you have a balance of £5,100 on the last business day of May or you have a regular investment ISA, there is no charge at all at TD Direct, so this is cheaper than £24 per fund per year at HL.

Thanks - this seems the best option.

bongoali

koru wrote: »

If you have a regular investment ISA, there is no charge at all at TD Direct

Hi Koro - do you know if this still true - can't seem to find it on their website.

I will have a starting balance of £1000 but have just set up a regular investment ISA for £100 per month. So I won't be up to £5,100 for some time.

Thanks

koru

bongoali wrote: »

Hi Koro - do you know if this still true - can't seem to find it on their website.

I will have a starting balance of £1000 but have just set up a regular investment ISA for £100 per month. So I won't be up to £5,100 for some time.

Thanks

They have just announced new charges that will apply from February 2013. But the changes are small. You can see the current and future charges in the box on the right-hand side of this webpage: http://www.tddirectinvesting.co.uk/choose-an-account/rates-and-charges/

bongoali

koru wrote: »

They have just announced new charges that will apply from February 2013. But the changes are small. You can see the current and future charges in the box on the right-hand side of this webpage: http://www.tddirectinvesting.co.uk/choose-an-account/rates-and-charges/

Thanks for the help directing me, Koro.


Jeese this is like a minefield to a newbie. As far as I can tell, the S&S ISA admin fee is now no longer waived in lieu of having a regular investment. So £30 admin fee for me unless I can get up to £5,100 before 1st June 2013.

Best regards

koru

bongoali wrote: »

Thanks for the help directing me, Koro.


Jeese this is like a minefield to a newbie. As far as I can tell, the S&S ISA admin fee is now no longer waived in lieu of having a regular investment. So £30 admin fee for me unless I can get up to £5,100 before 1st June 2013.

Best regards

The table at the front of the fees for February 2013 says there is no fee for a Trading ISA if you have a regular investing facility set up.

bongoali

koru wrote: »

The table at the front of the fees for February 2013 says there is no fee for a Trading ISA if you have a regular investing facility set up.

You may well be right Koro and I hope you are!

But I read it that you need BOTH a balance of £5,100 AND a regular investing facility in order to have the fee waived.

Doesn't read like it's an 'or' .

I would phone them but after being on hold 22 mins earlier trying to get through then being passed from pillar to post I think I'll e-mail later on if in case there's a chance I can shove a balance in to make it up to £5,100.

Best regards

koru

I was interested to note when looking at the TD Direct website that although they do not have junior ISAs, they do allow adults to open Trading accounts that are designated for their children. This makes TD Direct a pretty good option for investing in funds on behalf of children, as long as you have £10,000 to invest in funds or you have a linked Trading ISA (because this means you pay no annual fee).

There are some funds on which you would have to pay a platform fee of 0.35%, but only if the trail commission is more than 0.5%, which I think is very rare. As far as I can see, it would be pretty hard to beat this option.

... unless you want to invest substantial amounts in a particular fund on which you will still be incurring platform commission. If the fund that you want to invest in does not have a fund class that does not pay platform commission, then you could potentially get a rebate of this platform commission from certain other platforms such as ATS, but this would only be worthwhile if the extra commission rebate exceeded the £48 per year annual fee charged by ATS and the ATS trading fees. Assuming a maximum platform commission rebate of 0.25%, you would need to have more than £19,000 invested in funds on which you are earning the extra rebate.

Edit: Platform fee of 0.35% applies if trail commission is 0.5% or more, which is not what I said above. Trail commission is usually 0.5% for actively managed equity funds, so this means that in most cases you will be paying the platform fee unless you are buying funds with less than 0.5% trail, which is mainly trackers or bond funds.

koru

bongoali wrote: »

You may well be right Koro and I hope you are!

But I read it that you need BOTH a balance of £5,100 AND a regular investing facility in order to have the fee waived.

Doesn't read like it's an 'or' .

I would phone them but after being on hold 22 mins earlier trying to get through then being passed from pillar to post I think I'll e-mail later on if in case there's a chance I can shove a balance in to make it up to £5,100.

Best regards

Take a look at http://www.tddirectinvesting.co.uk/choose-an-account/rates-and-charges/~/media/uk/pdf/rates-charges-addendum.ashx

You are exempt from the fee if you meet one or more of the criteria.

atypical

bongoali wrote: »

But I read it that you need BOTH a balance of £5,100 AND a regular investing facility in order to have the fee waived.

I don't think so. If you look at the trading account, you'd need to fulfill 4 separate points to be eligible for no fee which is excessive.

But you're right that it isn't clear. Would like to know if you had any clarification.

koru

atypical wrote: »

But you're right that it isn't clear. Would like to know if you had any clarification.

The page I linked to in post 169 is perfectly clear. You only need to meet one of the criteria.