invest or pay off mortgage

Eco_Miser

No charge for moving cash to the platform, charge every time you buy, or sell, units in a fund, or shares.
Except some platforms don't charge for fund transactions, they make their money from the annual charge instead. Others don't have an annual fee, just transaction charges.

Either way, you need to consider both the annual fee, and the transaction charges before choosing your platform.

jamesd

dwtmahdc wrote: »

So each time I put, say, £50-£100 a month into it, I'll be charged?

Right. Since you're starting with nothing and adding gradually your primary selection factor is a place that has no charge for fund buys.

Later on the ones that charge fees could turn out to be a better deal but you're many years away from that point at the moment.

dwtmahdc

Thanks again guys. Going to go with fidelity: seems to suit the approach i want to take and has a good selection of funds.

mvarrier

The vanguard life strategy 100 acc or 80 acc would look like a good choice for you. A collection of cheap trackers offering a simple diverse portfolio in one fund of funds.

It's the only fund I am using in my SIPP at the moment (also with fidelity but via cavendish online as the annual charge is slightly cheaper)