Best S&S ISA for £30K+

mapk

I'll shortly be transferring my ISA to a new platform and wonder which will be most cost effective for amounts above £30K. I recall reading that this was the sum where charges from some providers become an issue, but can't remember the fine detail! Looking at CSD - how favourable will this be in the longer term as I don't really want to switch again.

richy999

Hi,

I think the usual switch is from a % charge to a fixed fee charge as a portfolio grows.

You could start by having a look at this comparison... I'm not sure how up to date it is so would recommend double checking the fees.

http://monevator.com/compare-uk-cheapest-online-brokers/

jimjames

Which platform are you with now?

mapk

jimjames wrote: »

Which platform are you with now?

Fidelity, fee-free for a couple more months. A passive approach, with regular deposits to VLS 60. This year's allowance will take the total to around £25K, and I'll probably be putting the full 2016-17 allowance in early in the new financial year.

It's probably a good idea to initiate the transfer before using next year's allowance, I guess.

Eco_Miser

It probably is, but you could open a new ISA at the new platform with next year's contribution, then transfer the rest at your leisure.

mapk

richy999 wrote: »

Hi,

I think the usual switch is from a % charge to a fixed fee charge as a portfolio grows.

You could start by having a look at this comparison... I'm not sure how up to date it is so would recommend double checking the fees.

http://monevator.com/compare-uk-cheapest-online-brokers/

Thanks for the link! A very useful table, and recently updated.

So, I think I can rule out CSD and other percentage-fee platforms, and look just at flat-fee brokers. I'm now tending towards Selftrade for funds, although Halifax also seems like a viable option. I'd really appreciate some perspectives on these and posters' experiences of other platforms as I'm going round in circles!

mapk

Oh dear Reading further, Selftrade seems to get quite a bit of bad press.

I did turn up the following link but maybe it's somewhat dated; I'm guessing that this is the time of year when new products are being marketed http://www.telegraph.co.uk/finance/personalfinance/investing/isas/10611058/Tables-cheapest-fund-supermarkets-for-Isa-investing.html

Does anyone know of a more recent table comparing products?

bigadaj

mapk wrote: »

Oh dear Reading further, Selftrade seems to get quite a bit of bad press.

I did turn up the following link but it's somewhat dated: http://www.telegraph.co.uk/finance/personalfinance/investing/isas/10611058/Tables-cheapest-fund-supermarkets-for-Isa-investing.html

Does anyone know of a more recent table comparing products?

Think they nicked that table from snowman!

You can have a look at comparefundsplatforms.com or the Lang cat, which should allow you to play with some numbers for comparison.

BananaRepublic

I recently moved some funds to AJ Bell Youinvest, based on good feedback here. I nearly went with iii but after reading the thread on this forum, ran away as fast as I could. Thus far You invest have been great, transfers of existing pensions have been quick and trouble free. I prefer a good user experience over the lowest fees. I checked some online comparison guides but none really tell you about customer satisfaction. Maybe gurgling the name of each platform will get you user reviews?