UK Online Platforms that work with US$ and EUROs

bushido1

bowlhead99 wrote: »

1) HL charge 0.45% for you to use their expensive fund platform services to buy and hold funds (unit trusts and oeics).

If you are buying shares, ETFs or investment trusts, those are all traded on the stock exchange and you do not need the expensive platform services, and it costs HL virtually nothing to hold them. HL will buy or sell them for you for a transaction fee, and then will only charge you the ongoing 0.45% if you want them to administer an ISA tax wrapper for you, and they will cap it at £45.

So, holding your £100k of vwrl at HL costs £45 in an ISA and £0 without the ISA.

Thanks again bowlhead!

1/ Here you answered putting the example of VWRL, when I asked about VGOV.
I understand that VGOV and VWRL work exactly the same inside and outside of an ISA (because they are both ETFs)? Or does it make a difference the fact that VGOV is a Gilt?

2/ Inside of HL ISA: I have £15k of unit trust, and £60k of VWRL (ETF).
How much should I pay per year? [£45 + (0.45*15k) £67.5=] 112.5£?

bowlhead99

bushido1 wrote: »

1/ Here you answered putting the example of VWRL, when I asked about VGOV.
I understand that VGOV and VWRL work exactly the same inside and outside of an ISA (because they are both ETFs)? Or does it make a difference the fact that VGOV is a Gilt?

VGOV is not a gilt. VGOV is an ETF, an exchange traded fund (ETF) which is bought on the stock exchange. HL are going to charge you for holding an ETF using their rates for holding ETFs.

For the purposes of charging you a fee for holding an ETF on your behalf, they do not care whether the ETF chooses to own a portfolio foreign shares, domestic shares, gilts, corporate bonds, physical gold, oil, wheat, or pork belly futures. As such, VGOV or VWRL or IWRD or IDRW costs the same.

2/ Inside of HL ISA: I have £15k of unit trust, and £60k of VWRL (ETF).
How much should I pay per year? [£45 + (0.45*15k) £67.5=] 112.5£?

Yes

ETF charged at 0.45% until it reaches £45. So on £60k that's £45
Unit trust charged at 0.45%. So on £15k that's £67.50.

If you did it in a formula on a spreadsheet it would be =(max(45,0.45*ETF)+0.45*UnitTrust)

Although once your unit trusts go over £250k, further unit trusts are charged at a slightly lower rate, but let's not get into that!

If you're still unclear about this, just go to HL's website and look at what the charges are for what it is you want to hold in the type of account you want to hold it.

In your example above, once you've made the initial purchase your costs to hold are £112.5 at HL. At TD they would be £45. At Youinvest they would be £30. It pays to shop around.

Of course, with £100k invested in a portfolio of equity and bond indexes, you might gain or lose £30k in a year anyway, so you might feel the costs are pretty inconsequential.