ISA platform

MarkBargain

iWeb looks the best value to me. To minimise the £5 fees I will just pay in every six months buying one fund a time, so only £10 a year platform fees (plus the one off £25 fee to open an account).

Alexland

MarkBargain wrote: »

iWeb looks the best value to me. To minimise the £5 fees I will just pay in every six months buying one fund a time, so only £10 a year platform fees (plus the one off £25 fee to open an account).

Yes that minimises fee but potentially at the expense of any investment growth that might have otherwise occured in the period where you had money in-between the contribution events.

Alex

A_T

Alexland wrote: »

Yes that minimises fee but potentially at the expense of any investment growth that might have otherwise occured in the period where you had money in-between the contribution events.

Alex

Yes could maybe invest in a % fee platform non-ISA account in the meantime so as not to miss out.

MarkBargain

Alexland wrote: »

Yes that minimises fee but potentially at the expense of any investment growth that might have otherwise occured in the period where you had money in-between the contribution events.

Alex

That's right, I just keep the money in a 1.1% instant access account in the meantime for convenience. When it builds up, I invest a lump into the ISA.

greenglide

Why only 1.1% interest?


The least you could do is open a Marcus account which pays 1.5%.

MarkBargain

greenglide wrote: »

Why only 1.1% interest?


The least you could do is open a Marcus account which pays 1.5%.

Just for the convenience of having it with my other Nationwide accounts under one log in, there is only a few pounds in it.

andy001

Thanks for your help.
I couldn't find exit charges for CSD.
Do you advise to consolidate various LS a/c into one before transferring to HSD? or ok to transfer the ISAa as they are?
Thanks again

Alexland

Given HSD charge £12.50 per ad-hoc trade it would make sense to consolidate the funds in advance of the transfer.

Alex

ColdIron

CSD charge £10 per holding (stocks or funds) to transfer out which they waived for me when I moved my ISA to IWeb. There is an additional charge for a SIPP transfer
https://www.charles-stanley-direct.co.uk/Registration/RatesAndCharges

andy001

Alexland wrote: »

Given HSD charge £12.50 per ad-hoc trade it would make sense to consolidate the funds in advance of the transfer.
Alex

Thanks.
So sell all LS funds and buy and transfer to say for example vanguard LS 80 first and then transfer out as single fund to HSD??

ColdIron wrote: »

CSD charge £10 per holding (stocks or funds) to transfer out which they waived for me when I moved my ISA to IWeb. There is an additional charge for a SIPP transfer
https://www.charles-stanley-direct.co.uk/Registration/RatesAndCharges

Thank you ColdIron..