S&S ISA - Where?

rickypatel89

Hi,

I'm looking to fill up my S&S ISA in the next few days. I'm wanting to invest in the Vanguard US Equity Index, but unsure which platform to use. I know there were some changes recently but it's all a bit confusing I currently have a few shares with HL but would it be best to use them for my S&S ISA or should I be looking elsewhere.

Thanks for the help

ColdIron

You could plug your numbers into this
http://www.comparefundplatforms.com/

rickypatel89

Thanks for this, I was thinking about Charles Stanley Direct before this, and this seems to back it up.

rickypatel89

Am I right in understanding that CSD charge 0.25% of my investment. So for a £1000 investment it would cost me £2.50?

ColdIron

CSD platform charge is 0.25% so yes £2.50. Don't forget that the AMC/TER is 0.20% on top of this, but that is collected by Vanguard from the fund, so would be the same with whoever you went with

rickypatel89

Are CDS the cheapest for me? I've looked around and I'm pretty sure they're the cheapest I've found. Also in the future I may purchase shares and Investment Trusts too. So would they be liable for the 0.25% charge also?

ColdIron

CSD are probably not the absolute cheapest, iWeb and Youinvest could shave a little off this if you buy and hold a lump sum but they're a good option for smaller sums, more than £32,000 and you'll be better looking at fixed charge providers like II

Adding stocks and ITs complicates this a little as you could have dealing charges and very much depends on how often you trade in what

You could try and plug some numbers into SnowMan's spreadsheet at the bottom of post #1 in this thread
https://forums.moneysavingexpert.com/discussion/3153942

Edit : You should also consider things like ease of use and customer service particularly if you are newish to investing, these things have value and should form part of your decision

pip895

iWeb could be worth a look - they charge only £5/transaction covering both funds and shares and a £25 opening fee but no on-going % charge.

Totton

The above depends on what you intend to purchase. If you intend to continue with shares as currently held, then perhaps HL may be a good option for you at £45 per year for the ISA.

rickypatel89

I've decided to got with CSD for all my fund needs. If & when I do decide to start purchasing shares, I think I'll use HL. Thanks for all the help guys.

gadgetmind

Out of interest, why the US? I don't know what else you hold, but the US has had a very good run and there are other areas worthy of investment.

So saying, I'm currently moving and switching a SIPP and two ISAs, and will be heavy on the US even after this, but still only around 20% of my total portfolio.

(47% of an ETF, that's 60% of my equity holdings, that are 75% of my portfolio.)