III or Charles Stanley for £150,000 in ISAs ?

DiamondLil

Oh, help please.
I have £150,000 in various ISAs, all held directly with the fund management companies and paying commision to an IFA that I no longer use.
I've been reading these forums as well as lots of other sources of info. and, if I understand correctly, transferring to a broker will be cheaper for me.
I've narrowed it down to III or Charles Stanley Direct.
However, I can't quite get my head around the charges; CSD talks about 0.25% which I understand very well, but III talk about "rebates" which I don't get at all.
I have read every inch of their website and can't make out how or when this "rebate" is paid and also I have read that it may be subject to income tax?
If anyone can help me to understand, please do help before I sling the whole lot back in the drawer and forget about it for another few years....
Thanks in advance.

le_loup

Forget rebates. CS will cost you £375, II will cost you £80 plus £10 per trade. The £80 could buy you 8 "free" trades.
If you can't yet get your head around the free trades concept, just add the number of trades you are likely do, add that to your £80 and then you have the comparison.
For what it's worth, I went to II with similar size funds.

silvermum

I've also just moved to II for a SIPP and ISAs.

Google something called Lang Cat financial - and look back over the blogs for the end of January onwards -there are great tables/ heat map which summarise the approximate costs of all the different platforms for an average investor profile.

silvermum

Argh! Looks like the Lang cat blog is temporarily down, but check again later! Honestly - it makes it much easier to compare.

bigadaj

There's also comparefundplatforms website and snowman's excellent spreadsheet.

silvermum

bigadaj wrote: »

There's also comparefundplatforms website and snowman's excellent spreadsheet.

Can you tell me more about Snowman's excellent spreadsheet...?

DiamondLil

Thanks so much everyone.
bigadaj - I've already looked at the comparefund platforms site but can't find snowman's spreadsheet?
And o.k. then, I'll ignore the rebate thing altogether, thanks le loup.
And thank you silvermum - I'll check the lang cat blog later today.

SnowMan

silvermum wrote: »

I've also just moved to II for a SIPP and ISAs.

Google something called Lang Cat financial - and look back over the blogs for the end of January onwards -there are great tables/ heat map which summarise the approximate costs of all the different platforms for an average investor profile.

The langcat tables are excellent and well worth a look especially if you are using funds within a single wrapper although they only have an ISA comparison at 100K and 250K and not for 150K.

http://langcatfinancial.co.uk/blog/

Bear in mind that the langcat tables assume 10 trades per year.

If you want the flexibility to base things on a specific portfolio amount such as 150K (in the OP's case) and want to look at figures with a different number of trades per annum (or want to look at options to hold shares/ETFs as well) then as has been said you can download my spreadsheet, a link to which can be found in the following post

http://forums.moneysavingexpert.com/showpost.php?p=64540489&postcount=15

Once you've downloaded and entered your own figures, have a look at the charts sheets that are generated in the spreadsheet (as well as the table of results) as they make the results easier to visualise.

DiamondLil

Thanks SnowMan, much appreciated; I'll download now and look later.

DiamondLil

And did I read somewhere that, with III, family accounts can be linked ? (my husband has ISAs too).

bertpalmer

Have you not looked at iWeb - they should also be a contender.