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Vanguard LISA - What are the fees?

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I looked on the MSE LISA guide for Vanguard but it did not have it featured and I can't find the information anywhere online.

Does anyone know what fees I should expect to pay for Vanguard Lifetime ISA. I would have no more than 10k to invest and probably in a few installments.

Comments

  • fun4everyone
    fun4everyone Posts: 2,367 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper Photogenic
    I don't think they offer one and I am not even sure if they plan to.

    At the moment there are very few providers offering one. You are stuck with Hargreaves Lansdown or a couple of others if you want to open one today. More are coming on board in the not too distant future.
  • dunstonh
    dunstonh Posts: 119,639 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    More are coming on board in the not too distant future.

    Although the most common stance from providers is that they are saying that they have no intention of offering it.

    Vanguard have cherry picked the cheap and profitable options at present (ISA and unwrapped). Every tax wrapper they add from now on will add in costs. The Vanguard model until now has been to take steps rather than jump in. i.e. get to a certain level of business then make a change and repeat that. LISA is generally regarded as a low profit/potential loss making wrapper for providers (too small a group, restricted amounts and frequent transactions)
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
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