Thinking of Transferring to Interactive Investor

michaels

k_man said:

It's £12.99 if you only have a SIPP, or £9.99 if you also have a trading/ISA (also starts at £9.99).

The refer a friend saves platform fees (not sure it is for both SIPP and ISA though), but does not include 1 free trade per month (albeit that has recently reduced from 7.99 to 5.99)

Finally there is also cashback for opening an account via Quidco or TCB.

Not suggesting that you should move to II, just that if you do, there may be some other bonuses to be had.

(Edited to fix typo)

Welcome to ii - interactive investor

Details here, I have the 9.99 + 10 per month product so the saving would be £19.99 x 12 however it appears they do a 12.99 sipp only product too.  I do not trade on my account so trading fees (beyond the initial two fund purcases) were neither here nor there for me.

Pretty sure II do charge for trades over a certain size even if you in theory have free trade credits so watch out for this.

Yep Our Trading Charges - interactive investor (ii.co.uk)

I missed this when I signed up so for example did 180 in money market and paid £40 when I could have done two lots of 90 and only paid 7.99 each (and indeed one would have come from the free monthly trade )

Albermarle

I missed this when I signed up so for example did 180 in money market and paid £40 when I could have done two lots of 90 and only paid 7.99 each (and indeed one would have come from the free monthly trade  )

Did you have many  sleepless nights over the lost £22.02 ?

michaels

Albermarle said:

I missed this when I signed up so for example did 180 in money market and paid £40 when I could have done two lots of 90 and only paid 7.99 each (and indeed one would have come from the free monthly trade  )

Did you have many  sleepless nights over the lost £22.02 ?

Just annoyed to have missed that in the small print when the big headline is 7.99 per trade and 1 free trade per month for the 9.99 fee....

Can't decide whether to bring DWs sipp over form fidelity where she currently pays about 15 per month, could take the free year and £200 and then move it again.....

Dew_2

Thanks to everyone who has replied. I'll do some research into it all.  I'll most likely transfer to II. I may be back with some more questions!

Albermarle

michaels said:

Albermarle said:

I missed this when I signed up so for example did 180 in money market and paid £40 when I could have done two lots of 90 and only paid 7.99 each (and indeed one would have come from the free monthly trade  )

Did you have many  sleepless nights over the lost £22.02 ?

Just annoyed to have missed that in the small print when the big headline is 7.99 per trade and 1 free trade per month for the 9.99 fee....

Can't decide whether to bring DWs sipp over form fidelity where she currently pays about 15 per month, could take the free year and £200 and then move it again.....

I have had two lots of cashback from transferring two pensions to Fidelity. Maybe I should transfer some back out and then back in again after a suitable period to get another cashback ?

michaels

Albermarle said:

michaels said:

Albermarle said:

I missed this when I signed up so for example did 180 in money market and paid £40 when I could have done two lots of 90 and only paid 7.99 each (and indeed one would have come from the free monthly trade  )

Did you have many  sleepless nights over the lost £22.02 ?

Just annoyed to have missed that in the small print when the big headline is 7.99 per trade and 1 free trade per month for the 9.99 fee....

Can't decide whether to bring DWs sipp over form fidelity where she currently pays about 15 per month, could take the free year and £200 and then move it again.....

I have had two lots of cashback from transferring two pensions to Fidelity. Maybe I should transfer some back out and then back in again after a suitable period to get another cashback ?

It is tempting but I guess depends whether the transfer can be done in specie as otherwise the time out of market may be more costly than any switching/fees discount incentive.