Lloyds Share Dealing ISA account...any experience ?

max11

Hello Everybody,
I am thinking of opening a new S&S ISA with Lloyds (slightly cheaper than Iweb and Halifax and than the % fee platforms), but I am struggling to find first-hand experiences and opinions about it ...

Any help please ?

Thank you
Max

colsten

Most people buy funds for their ISAs rather than individual shares. I don't think I have seen any reports on MSE from people who use their ISA for share dealing.

max11

Yes, I would buy funds too

Ashen

Well, the login page looks exactly the same layout as Halifax Share Dealing, plus it says this at the bottom:

The Lloyds Bank Direct Investments Service is operated by Halifax Share Dealing Limited.

So I would expect it to be the same, except for looking slightly cheaper for regular investments (£1.50 each) and £40 a year admin charge instead of £12.50 (so I'd question why it looks cheaper to you?)

grey_gym_sock

iweb, halifax share dealing, and lloyds share dealing are all provided by halifax share dealing, which is owned by lloyds banking group. the service is presumably the same (except that iweb doesn't have regular investments), but with slightly different pricing.

the lloyds version charges only £1.50 for all (not just regular) dealing in funds (as opposed to shares), which is less than iweb or halifax. the fixed charges are more, at £40 per year. so it could be cheaper if you do a lot of buying and selling funds.

max11

Thanks both
Yes it is cheaper if you do 5 or more dealings per year

I wonder how their Customer Service is