starting again, what platform to use to keep 20 year cost down

Alexland

wolves1976 said:

@Alexland - hi again, i have just created my IWEB account and want to transfer the uninvested cash in my Vangaurd account.
the funding in total into my Vanguard account were transfers of old ISA's - nothing from this year.
would you know if Iweb will transfer the cash part of the Vanguard ISA or all of it.

To be honest it's been so long since I logged into my iWeb account it seems their website had had a makeover and the old transfer form PDF is now an online form that you do once you are logged in. I just tried the form and it asks if you have subscribed to the old ISA in the current year, if you want a cash-only transfer (or a stocks and residual cash) and if you want to transfer funds from the previous and/or current tax years. If you complete those questions they should do what you want.

wolves1976

for a CASH ISA you can transfer partial amounts
just to help others in case they getting a situation where they want to move platform with some S&S isa invested and some left still as cash .
from Iweb transfer form below  you can do partial amonts..   NOTE for CASH ISA to Iweb S&S.

Cash ISA  

Transfer ISA funds from previous tax years

You can transfer all or part of the money you've put into a Cash ISA in previous tax years.

Transfer money you’ve put into a Cash ISA in previous tax years?

Yes    No

How much would you like to transfer?

Full Amount    Partial Amount

wolves1976

for S&S it reads a little werid, anyone who can help here/done it before.
i think you have to move it all in one go - anyone else know?
iweb form questons below, bold are answers i picked

What type of ISA are you transferring?

Cash ISA   Stocks and Shares ISA

Have you subscribed to this ISA in this tax year (since April 6th)?

Yes    No

Stocks and Shares ISA

How do you want the transfer to be made?

Cash only     Stocks and residual cash

If you want to transfer as cash only, you must instruct your current ISA manager if you want to sell any existing investments before transferring.

Transfer ISA funds from previous tax years

Choose if you want to transfer all your ISA subscriptions for all previous tax years. You can only transfer your subscriptions for all previous years in full.

Transfer the money you’ve put into a Stocks and Shares ISA in all previous tax years, alongside any investments bought with this money?

Yes   No

If you choose 'Yes', your Stocks and Shares ISA subscriptions and investments for all previous tax years will be transferred in full.

wolves1976

Alexland said:

Also related to this question a few weeks ago I was chatting with The Accumulator about how to reduce S&S ISA platform fees by using both percentage and fixed price platforms together and Monevator just published his article calling it "the Alex Manoeuver" with a worked example of someone making regular contributions into Vanguard Investor each month then doing an annual in-specie transfer to iWeb such that a large S&S ISA making monthly contributions to use their full annual allowance can be paying just £25 setup then ongoing charges of £16 pa. Problem is if too many people use it then iWeb might have to change their fee structure...

https://monevator.com/cheapest-stocks-and-shares-isa-hack/

@Alexland.  i read that the cost in example is £16.   is this based on just one ETF in Vanguard that gets moved to iweb and one ETF moved/moved as cash then one ETF purchased.  
if you have say 3 ETF's with VG, would you play for 3 * £5 charged with Iweb to buy the same ETF's on their platform?

Alexland

wolves1976 said:

@Alexland.  i read that the cost in example is £16.   is this based on just one ETF in Vanguard that gets moved to iweb and one ETF moved/moved as cash then one ETF purchased.  
if you have say 3 ETF's with VG, would you play for 3 * £5 charged with Iweb to buy the same ETF's on their platform?

The article is suggesting you never incur trade costs on iWeb just move across your existing 3 ETFs from Vanguard each year which cost you nothing to purchase as non-live ETF purchases are included in their 0.15% ongoing fee. The difficulty comes in avoiding the trades on iWeb to rebalance the portfolio. Ideally you would rebalance within your Vanguard allocations such that your total ETF unit volumes across the 2 accounts matched your desired asset allocation.

wolves1976

TBC15 said:

I’d get your finger out on the transfer if you want to get the transfer bonus. 5-10 days is now well over 5 weeks for a cash SIPP transfer from AJ Bell.

Top tip when trying to register on the Fidelity web site when they ask for fore name they really mean fore names.

hi all, i opened Fidelity account on Monday, upload my transfer document on Monday and posted it out on Tuesday.  today is Friday and the money have transferred from vanguard into them.  so 4 days is very good.
now i am looking for a general view on what others have invested their SIPP into - regardless of platform.

wolves1976

Alexland said:

On Fidelity we use Vanguard VEVE at 0.12% and HSBC HMWO at 0.15% which are both developed World trackers paying quarterly dividends. They are both fairly large and liquid with reasonable market spread cost. Fidelity's ETF selection is a bit more limited than AJ Bell where we can hold Lyxor LCWL at 0.12% with the advantage that it accumulates so no reinvestment trade costs. iShares's popular accumulation SWDA is available on Fidelity but at 0.20% then it's cheaper for us to pay Fidelity £1.50 each quarter to reinvest dividends. All of these only provide developed world equity exposure so you might want to mix in an emerging market ETF or pay Vanguard the expensive 0.22% for VWRL which provides All-World coverage. It's a shame that in the ETF market there just isn't anything as broad and cheap as the HSBC FTSE All-World accumulation fund at 0.13% we hold on iWeb.

If you are only going for a small proportion of bonds to provide the inverse correlation to equities for volatility control (rather than return) then consider the Vanguard VGOV gilts at 0.07%. As I said earlier we hold our bonds in our workplace pensions and sometimes when the stock market has crashed then I tend to start converting them into equities but that's because I can be greedy and reckless but so far it's always worked out well. Still normal caveat to DYOR rather than rely on what I say. There's a lot to be said for keeping it simple, sticking to an asset allocation plan and minimising the number of trades.

@alexland, can you advise if this is the right ETF you hold on Fidelity 
https://www.fidelity.co.uk/factsheet-data/factsheet/IE00B4X9L533-hsbc-etfs-plc/charges-and-key-documents
you also mentioned it was FSCS protected, how doesn one find out how it is protected?  any link you can point me to?

TBC15

wolves1976 said:

TBC15 said:

I’d get your finger out on the transfer if you want to get the transfer bonus. 5-10 days is now well over 5 weeks for a cash SIPP transfer from AJ Bell.

Top tip when trying to register on the Fidelity web site when they ask for fore name they really mean fore names.

hi all, i opened Fidelity account on Monday, upload my transfer document on Monday and posted it out on Tuesday.  today is Friday and the money have transferred from vanguard into them.  so 4 days is very good.
now i am looking for a general view on what others have invested their SIPP into - regardless of platform.

How did you manage to upload a transfer request, when I looked this was not one of the forms you could upload.

I’m 6 weeks into a SIPP in drawdown in cash transfer.

If it had happened in the 5-10 working days I would be about £7500 in pocket. As it is I’m still in cash and waiting.

wolves1976

TBC15 said:

How did you manage to upload a transfer request, when I looked this was not one of the forms you could upload.

I’m 6 weeks into a SIPP in drawdown in cash transfer.

If it had happened in the 5-10 working days I would be about £7500 in pocket. As it is I’m still in cash and waiting.

hi,  when i started the quest from Fidelity , signed the form and posted, i also scanned it and uploaded it.   (with vanguard a few weeks ago i only scanned the required forms to save me going out the house) 
you are right, it does not list as a form you can upload from the choice of drop downs . i picked 'pensions regular savers amended form'  and uploaded.
i also sent a secure message.
i did get an message today (5 days after uploaded) saying i needed to post the hard copy - which i responded back that i had on Tuesday via RMail.
my post was cash with VG and cash into Fidelity, so maybe just a quicker process? 
what will you be investing it in when it comes across?

TBC15

wolves1976 said:

TBC15 said:

How did you manage to upload a transfer request, when I looked this was not one of the forms you could upload.

I’m 6 weeks into a SIPP in drawdown in cash transfer.

If it had happened in the 5-10 working days I would be about £7500 in pocket. As it is I’m still in cash and waiting.

hi,  when i started the quest from Fidelity , signed the form and posted, i also scanned it and uploaded it.   (with vanguard a few weeks ago i only scanned the required forms to save me going out the house) 
you are right, it does not list as a form you can upload from the choice of drop downs . i picked 'pensions regular savers amended form'  and uploaded.
i also sent a secure message.
i did get an message today (5 days after uploaded) saying i needed to post the hard copy - which i responded back that i had on Tuesday via RMail.
my post was cash with VG and cash into Fidelity, so maybe just a quicker process? 
what will you be investing it in when it comes across?

Sitting in cash for 7 weeks. Good news I cashed in Fundsmith, no change. Bad news I was going to buy Smithson, it's up 5%.