Small Scale Regular Savings

forextc

I'd suggest looking at multi-asset funds like Vanguard LifeStrategy, HSBC Global Balanced, L& Multi Index, or Blackrock Consensus. Search on https://www.trustnet.com/ to find out a bit more about them.

Once you have selected a fund you can look at the platform that you wish to hold it on. Use this table to compare the various costs: http://monevator.com/compare-uk-cheapest-online-brokers/

I'm not sure you'll find a platform accepting £25 per month investment though. Most platforms will only accept a minimum of £50 per month. Maybe Hargreaves Landsdowne or Fidelity? Would need to check.

Alexland

forextc wrote: »

I'm not sure you'll find a platform accepting £25 per month investment though. Most platforms will only accept a minimum of £50 per month. Maybe Hargreaves Landsdowne or Fidelity? Would need to check.

Someone on these forums said that Cavendish would go down to £25 per month if you asked them nicely. Alternatively if the OP wants to try Orbis they have a minimum contribution of £1.

ValiantSon

forextc wrote: »

I'm not sure you'll find a platform accepting £25 per month investment though. Most platforms will only accept a minimum of £50 per month. Maybe Hargreaves Landsdowne or Fidelity? Would need to check.

Agreed, and I did comment on this earlier in the thread. The OP replied, saying that they could make it £50. AJ Bell do allow £25 per month.

Alexland

ValiantSon wrote: »

AJ Bell do allow £25 per month.

But then with AJ Bell you would be burning money in £1.50 fund investment charges each month.

ValiantSon

Alexland wrote: »

But then with AJ Bell you would be burning money in £1.50 fund investment charges each month.

Yes, absolutely true. It was just another option.

Honestly, if the OP can find £50 per month then they would be wise to pursue that with other platforms, or alternatively (as I have suggested elsewhere) save those £50s up in a regular saver for a year and then make a one-off initial investment and make further purchases at whatever price they choose.

atush

Alexland wrote: »

A few days ago we setup a BG Children's Savings Plan for my 2yr old son at £50 per month into Monks. I like the replacement Monks team who have managed the BG Global Alpha fund for over 10 years. We chose to open it in my wife's name rather than bare trust so we retain control of the money and can withdraw at any time. Monks is aiming for growth so pays a low dividend so from a tax perspective, if it does really well, then we just need to be careful on capital gains at the end. With no account or trade costs and only a small withdrawal cost at the end it's a lot cheaper than buying these ITs via an ISA wrapper.

Alex

There is always a cost, even if very small. For a start, you pay stamp duty when you buy the it shares. Most IT savings plans also have a tiny dealing cost.

Overall, still low cost though.