Iweb fees

[Deleted User]

I currently have £15, 000 in vanguard 80 life strategy accumulation. In fees i am roughly paying £4.50 quarterly fees but also 0.41 in account fund management fees. I'm thinking about transferring to iweb.
i only deposit one amount a year. Would i pay fund management fees if i transferred to iweb?
I know i have to pay £25 to open and £5 for each trade.
I am just curious if the fund fees in there t&c's.

Thanks

lpgm

The £25 + £5 is it. LifeStrategy's ongoing charges figure is 0.22%, but this comes out of the fund and is reflected in the daily price of the fund. I'm not sure what your 0.41% is - it's probably the ongoing charges figure + Vanguard platform fee + the fund's transaction costs.

[Deleted User]

Thanks. If i have already done my yearly allowance would i be open a new s&s isa to transfer it into? I havent opened one this year.

lpgm

Smoose89 wrote: »

If i have already done my yearly allowance would i be open a new s&s isa to transfer it into? I havent opened one this year.

You should be able to open an ISA with IWeb and ask them to transfer your Vanguard ISA into it - assuming IWeb has all the Vanguard funds.

jimjames

Smoose89 wrote: »

Thanks. If i have already done my yearly allowance would i be open a new s&s isa to transfer it into? I havent opened one this year.

Is it in an ISA already? You've not mentioned ISA in relation to existing holdings. If it is then you can transfer to iWeb and it doesnt affect current year's allowance.

If it's not already in an ISA then you can open an ISA with iWeb and pay in £15000. You can't transfer existing holdings into an ISA with the exception of sharesave schemes. So you'd need to sell and then rebuy inside the ISA

[Deleted User]

Ye it is in an isa already sorry. I will open an iweb one and transfer it for the cheaper fees.