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Stock & Share ISA management fees and maximizing investment

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snowshine
snowshine Posts: 148 Forumite
Part of the Furniture 100 Posts
edited 8 April 2021 at 8:25PM in Savings & investments
Could an individual pay the ISA platform fees seperately each year or the management fee has to come from maximum allowed ie: £20000 

Comments

  • Alexland
    Alexland Posts: 10,183 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    Some platforms allow their ongoing charges to be paid from money outside the ISA.
    Really depends on the provider you are with as to what options you might have.
  • snowshine
    snowshine Posts: 148 Forumite
    Part of the Furniture 100 Posts
    Alexland said:
    Some platforms allow their ongoing charges to be paid from money outside the ISA.
    Really depends on the provider you are with as to what options you might have.
    Does Vanguard investment  platform allow charges to be paid seperately in an ISA? 
    I wonder if you know?
  • sausage_time
    sausage_time Posts: 1,446 Ambassador
    Tenth Anniversary 1,000 Posts Name Dropper Photogenic
    snowshine said:
    Alexland said:
    Some platforms allow their ongoing charges to be paid from money outside the ISA.
    Really depends on the provider you are with as to what options you might have.
    Does Vanguard investment  platform allow charges to be paid seperately in an ISA? 
    I wonder if you know?
    Yes they do.
    I’m a Forum Ambassador and I support the Forum Team on the Credit CardsSavings & investments, and Budgeting & Bank Accounts boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.
    All views are my own and not the official line of MoneySavingExpert.
  • kuratowski
    kuratowski Posts: 1,415 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper Photogenic
    Yes.  From the Vanguard terms & conditions

    You have the option, when you open your Account or at any later time, to arrange payment of your Account fee
    by direct debit from your nominated bank account. Alternatively, we will deduct the fee from available cash and,
    failing that, by selling Shares from fund holdings, starting with the largest holding by value, within your Account.
    This prioritises collection of charges from your General Account should you have one.
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