Questions on transferring S&S Isa from HL to Vanguard

CH2IS

I can cut my costs almost in half by transferring my S&S Isa from HL to Vanguard. It seems a no brainer, but I have a few questions before I get the ball rolling:

1.) This is probably a stupid question but are the entry charges listed on some Vanguard funds paid on the initial investment only, ie not every time you invest?

2.) Can the minimum monthly investment (£100) be split between funds? If so, what’s the minimum per fund? If not, can you easily pick a different fund each month?

3.) ETFs appear to be a more viable option with Vanguard, cutting costs further for certain allocations. As I understand it, you pay the OCF and 0.15% account fee but no dealing charge. What about stamp duty? Any other costs to consider?

4.) Am I right in thinking that If sell my holdings and transfer the Isa as cash, I’ll pay £25 to HL?

5.) Any other hidden costs or pitfalls to be aware of? Any good reasons not to switch?

Thanks!

Archi_Bald

Just an answer to question 4: if you move your money yourself in cash, that money will have lost its ISA wrapper.

TrustyOven

Archi_Bald wrote: »

Just an answer to question 4: if you move your money yourself in cash, that money will have lost its ISA wrapper.

I think OP was asking if they sold the holding and liquidated into cash, still inside the ISA wrapper, they could then do ISA transfer to another ISA provider.

At least that's how I interpreted it.
Presumably it's to avoid paying £25 per holding with HL if you have many holdings, and just want to pay that fee once.

jamesd

CH2IS wrote: »

3.) ETFs appear to be a more viable option with Vanguard, cutting costs further for certain allocations. ...
5.) Any other hidden costs or pitfalls to be aware of? Any good reasons not to switch?

Not switching or not switching fully because it can be more expensive would be one reason. HL caps their platform charge inside their ISA at £45 a year so holdings above £10,000 cost no more than that. This makes the holding cost for ETFs at HL cheaper than Vanguard above £30,000 worth. Still need to allow for the dealing costs.

Depending on the amounts you might find funds in one place and ETFs in another cheapest. Neither of those places is necessarily either HL or Vanguard.

BLB53

Just be aware the dealing costs for funds are free with Vanguard but they charge £7.50 for ETFs.