HL regular ISA investments

Ash1982

Hi,

I've got a monthly saving plan with HL and I have just £150 in a fund with 0.125% savings on the management fees. I think I dont get the saving unless I have £1,000 invested in the fund? Is this correct?

I've also reduce the monthly savings to £0 for the fund as I'd rather choose when to invest (i.e. I've found that the 10th of the month is not always the best time to put money in due to the price fluctuations) but I've set up another fund in its place just to diversify and avoid the neccessity of investing a £1,000 lump sum (which I dont have at the moment!). Other than not get the management fee savings, there are no other down sides to doing this is there? i.e. HL don't charge a yearly inactivity fee on funds or anything do they?

If anyone has experience on this, please shares as I am new to S&S ISAs and HL.

Thanks

xdanielle86x

sorry i dont have an answer rt your thread but could you please tell me how to start a new thread? thankyou:):)

Ash1982

Go to the forum you want to post and click the blue New Thread button at the top of the page (just above the green bar). Enjoy!

Ash1982

Any comments welcome?

Lansdowne

What you are calling management fee savings comes to 19p a year on £150 so not of great concern. I don't know what HL might charge, sorry, but charges in general for a s&s ISA may be higher than holding funds outside an ISA and as the tax saving involved is nil or minuscule, a regular investment account may be simpler.

le_loup

H-L do not charge a fee for funds; active or otherwise, except for a few tracker type funds.