Want to leave HL, couple of questions

sorcerer

I suspect they will get to keep a lot of their smaller investors at HL, for example I have a SIPP with them worth about £15k, it cheaper to keep it their then move to II, but for my ISA at £100k I have moved it.

werutd

Totton wrote: »

An alternative may be to switch to Investment Trusts and pay just £45 per year for your ISA.

I'm more likely to switch into passive funds as these days I can't dedicate the time to choosing decent managed ones (if that's even possible), and I think this will be relatively even more expensive at HL...

Totton wrote: »

If this is in an ISA then you will need to switch the ISA as you have started it for 2014-15

It is an ISA, but can you confirm... if I switch the entire ISA, am I allowed to contribute to the new one, given I have already made a contribution this year at HL?

masonic

werutd wrote: »

I'm more likely to switch into passive funds as these days I can't dedicate the time to choosing decent managed ones (if that's even possible), and I think this will be relatively even more expensive at HL...

There is always the option of ETFs to keep platform costs down, but no reason to limit yourself by staying.

It is an ISA, but can you confirm... if I switch the entire ISA, am I allowed to contribute to the new one, given I have already made a contribution this year at HL?

Yes, you can transfer and continue contributing.