Investing platforms - understanding costs

londoninvestor

Tom99 wrote: »

I use Halifax, there is no admin fee for the non ISA acct and a fixed £12.50pa for the ISA acct.

You can invest for a little as a £2 dealing fee, no matter what the amount invested, if you are prepared to stick to the 3 or 4 days a month they have 'regular' investments.

Have a look at Lloyds too - it's a very similar platform to Halifax (apart from not offering SIPPs). The annual fee is £40 covering both an ISA and an unwrapped account, which is more than Halifax, but you pay only £1.50 per fund trade, whenever you do it.

purple_rose

MK62 wrote: »

You should also familiarise yourself with UK Capital Gains Tax (CGT) and the ways to limit your exposure to it..

Any tips on how to linit this exposure to CGT?

cloud_dog

purple_rose wrote: »

Any tips on how to linit this exposure to CGT?

The simplest way is to invest within an ISA wrapper, that way any capital gains or income tax considerations are mute.

purple_rose

cloud_dog wrote: »

The simplest way is to invest within an ISA wrapper, that way any capital gains or income tax considerations are mute.

Thanks. Particularly interested to know of any other ways even if they are a bit more complex.

TBC15

Realise your capital gains every year up to your CGT allowance then reinvest in something similar or wait I think its 30 days and reinvest back into the same stuff, this rebases your investment for the next year.

If you are an expat sell it all before you return to UK.