What are your S&S ISA charges?

jdw2000

bowlhead99 wrote: »

If you have a £50,000 investment that pays a £300 dividend twice a year you will probably want to spend or reinvest the money.

Manually redeploying the money to buy more investments will cost you a transaction fee of £5 or £12.50 or whatever your provider charges. Whereas not redeploying the money for half a year until you get more dividends and get round to doing it, might lose you a few percent of investment gains.

So, being able to re-invest the dividends for 2% of the £300 (i.e. £6 instead of £12.50) is handy. It is still more than the £5 at Iweb.

However, if you are just buying OEICs such as Vanguard Lifestrategy then you would pick the 'accumulation' version of the fund within your ISA and SIPP and never receive a cash dividend anyway.

If their terms and conditions say that they can vary the prices for a range of reasons, and they do that, tough. You have already accepted that you will pay an exit fee if you want them to perform the work of transferring your assets elsewhere, which is not a zero-effort task on their behalf.

Some providers would take pity on investors facing a price hike, and waive the fees. However providers that are less keen to lose droves of customers to free transfers out would discourage them from leaving by not waiving the fees, and would be happy to face a bit of adverse publicity.

In that situation, if you wanted to complain you could complain and see if they let you off. When they didn't let you off you could complain further and see whether the ombudsman agreed with the provider that the charges were in line with the contract and the contract was not an unfair contract. You might or might not win and the decision might not be quick, during which time you would have to either let them take the fees and move you, or just stay with them and hope the ombudsman eventually tells them to let you off and move you for free.

Good luck with your investments. I don't use Halifax or IWeb and was only mentioning them as examples of fixed fee providers, but people here seem to use them without major problems, as long as the fund you want is in their funds list and you don't want sophisticated share dealing functionality or built in research and portfolio management tools etc.

As you are just going to buy and hold you don't need much in the way of sophistication. Progress of all the funds or shares you are going to buy can be viewed on free tools such as Trustnet.com or FT.com as a virtual portfolio, so as a long term buy and hold investor even if you can't wean yourself off the habit of checking the values every day or week, you don't need a provider with a pretty summary page or smartphone app. Smartphones can open websites anyway

Thank you very much indeed for all of your knowledge and advice. It's very much appreciated. :beer:

chucknorris

My S&S ISA's are in a Vanguard etf (VUKE, ftse 100 tracker) held at HL, my charges and fees are:

Annual: HL £45 (capped at), Vanguard 0.09%
One off buying and selling £11.95, spread 0.03% (ish)

Glen_Clark

chucknorris wrote: »

My S&S ISA's are in a Vanguard etf (VUKE, ftse 100 tracker) held at HL, my charges and fees are:

Annual: HL £45 (capped at), Vanguard 0.09%
One off buying and selling £11.95, spread 0.03% (ish)

Why is it in HL when x-o charge half as much for trading and no annual charge?

riqs001

Does anyone here use idealing's?

I cant find their fx conversion fee anywhere
Also do they handle W-8BEN forms?

slinga

jdw2000 wrote: »

iWeb do look very interesting, so that's a great heads-up, thank you. They look cheap and cheerful for someone like me who will just plonk some funds in and leave them alone for a number of years. I will make iWeb the first one I properly look at.

.

Many on here are more knowleageable than I, but I must say you should check out how any investment is going a lot more regularly than a number of years.
Things can change substantially quite quickly.

I'm looking to change platforms and cost isn't the only factor for me although it tops the list.

Any platforms which are even slower than 8 weeks to transfer funds.
I know both sides of the transfer can have an effect in time.

And the number and type of funds available comes into it as well.
Any platforms which have a restricted number of funds available?