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

jem16

Froggitt wrote: »

HL charge £25 per stock to transfer.

Louiseadav isn't with HL at present so not sure why you're mentioning HL's charge to transfer as stock?

jem16

louiseadav wrote: »

So what's my best bet d'y reckon then?!

As I said Cavendish has a lower amc than HL. You need to check with your current provider, Invesco Perpetual, if they charge to transfer as stock.

Froggitt

Dunno Lou. Im in the same position - Ive got four funds at HL that I know would be better off at Cav, but Im not sure whether

a) leave em
b) pay £100
c) sell to cash and rebuy

is the best option.

louiseadav

Ah great; I'll phone Invesco Perpetual about charges Monday! Many thanks for the help:)

Special_Saver2

IronWolf wrote: »

Saxo were relaunching the ISA, it's now on their website.

£35 annual fee
0.5% FX charges introduced
Transfer out fees are very high, but capped at €160
Also to be careful that on some exchanges they charge a flat cost per share dealing charge (e.g. $0.02 per share in US), which means buying cheap shares is uneconomical.

They do have a wide range of markets to invest in though, probably the widest available. I was also told they would soon start accepting W8-BEN forms

Thanks a lot IronWolf. I have added it to post 4 of this thread along with links to two other threads that mention the account. I will also point out that the annual fee is £42 (£35 + VAT).

SS2

Porcupine

Massow's paymemy are now saying that there's a £125 upfront signup fee and then a £120+VAT annual fee if the provider is unable to pay the rebate into the account and it has to be paid in cash.

koru

SIPPdeal charge a £50 pa custody fee if you have any "non-core" funds, which seems to mean ones that don't pay them commission.

Special_Saver2

I have carried out the June update for this thread.

- BestInvest ISA dealing charge reduced from £12.50 to £7.50 per transaction
- Chartwell Direct removed as it has been taken over by Close Brothers and they are no longer offering the 30% trail rebate for new customers
- Traders Own dealing charge increased from £6 to £8 per transaction
- Selftrade appear to be opening accounts again

SS2

ClearAsMud

First *many* thanks for maintaining this. This stuff is difficult to get right and the more help the better.

In that vein I hope this is useful.

I have recently started with stocks&shares ISA (having already Chartwell-Cofunds and Cavendish-Fidelity for funds) as I'm trying to tidy up my savings and pension.

The low cost provider Iweb is next to useless for anybody using ETF's and wanting stop loss limits. I have dealt with them 5 or 6 times now and each time I have had to ask specifically for the ETF to be placed in their tradeplan, which means I can set a stop loss. The first time I was assured this omission was a one-off but every time since it has happened again and every time I have asked for it to be fixed. These are simple (non swap, non complex) ETF's on the LSE.

The last time I asked them to check 5 ETF's before I invested and they could not be bothered so I will leave them.

I am now looking at Saxo who seem very professional and maybe a little expensive. I see the ISA has now been introduced there and in conjunction with European Pensions Mgmt who I had previously researched for my Sipp so that's a bonus.

Also looking professional is Interactive Brokers but they have no ISA I can see.

I see x-o but they look a little diy to me and some early comments here seem to suggest that was the case but maybe not so now?

ClearAsMud

I hope this is ok here, I can see this is more fact than discussion.

Continuing from the prior post....I have successfully opened an account with Saxo via EPM. However it has not been all good, I use ETF's in a strategy I am testing and Saxo failed to have a plain UK LSE Ishares fund but had 2 Euro listed versions, and simply did not have another non-UK but under the dbx umbrella fund which is available elsewhere.

The answer as to why seeming to be there's not enough call for them. So Saxo's not really suitable for me with this strategy, something using well known, popular UK funds would not have the issue.

I also note that Saxo show a £50k minimum ISA account level now.

So I have plugged all my "odd" ETF ideas into Hargreaves Lansdowne as a test and I am surprised to find they have everyone available! All clearly marked as to suitability for ISA/Sipp/trading account.

I know we hate hidden fees and pushy or sly sales tactics but I can't see a whole lot to hate for me with HL. The foreign currency additions at 1.7% max seem high, the 0.5% shares holding fee seems bad but is capped at £45, and the dealing fee of £11.95 is higher than many but can be reduced.

Am I missing anything? I note many seem to hate HL and I would be paying more than the cheapest but gaining immense ETF choice.