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LISA transfer fees
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snowqueen555
Posts: 1,556 Forumite
It is a shame you get charged to transfer out. I have been charged £55 to move from HL to Skipton and did not factor this in. It is also annoying how HL don't tell give you a statement to show the fee being taken i.e. no record.
Is this a standard thing across other banks/building societies and with All ISA's?
Is this a standard thing across other banks/building societies and with All ISA's?
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No, it's increasingly unusual and is likely to be outlawed at some stage in the future, but for now at least, investment platforms (HL aren't a bank/building society) are allowed to charge them.snowqueen555 wrote: »Is this a standard thing across other banks/building societies and with All ISA's?
They must disclose them though (as HL do at https://www.hl.co.uk/investment-services/lifetime-isa/charges) and you can see an overview of which platforms levy exit fees at https://monevator.com/compare-uk-cheapest-online-brokers/0
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