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Cheapest platform for holding IT''s in a ISA?

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Comments

  • TUVOK
    TUVOK Posts: 521 Forumite
    Sixth Anniversary 100 Posts Name Dropper
    Doing nothing is an option, but having already made good savings by partial re-organisation of my portfolios, I'll be doing more.
    I have better options for the money instead of donating money to platforms.

    The savings especially on IT's are after the kind info provided, not excessively large from holding in HL or Bell's to iWeb, so most probably will go down that route. 
  • where_are_we
    where_are_we Posts: 1,179 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    ColdIron said:
    X-O don't do funds

    Yes. However TUVOK was enquiring about the cheapest platform for IT`s.
  • mebu60
    mebu60 Posts: 1,494 Forumite
    1,000 Posts Second Anniversary Photogenic Name Dropper
    TUVOK said:
    wmb194 said:
    TUVOK said:
    wmb194 said:
    TUVOK said:
    For an ISA , the capped fees for Investment Trusts ( and any exchange traded products) are as follows.
    AJ BELL  - £42 ( £10 dealing charge)
    Fidelity - £90 ( recently increased from £45) - £7.50 dealing charge
    HL - £45 - £12 dealing charge

    Maybe worth noting that if you had a SIPP the costs are
    AJ Bell - £120
    Fidelity - £90
    Hl  - £200 

    If you have both then you need to add them together for HL and AJ Bell, but it remains £90 overall for Fidelity 
    It would seem then that Bells and HL are the cheapest platform for IT's, and cheapest for funds  are Bells and then  Fidelity?
    Hope I've interpreted your info correctly?


    TUVOK said:
    As my IT's are all held in a ISA, the iWeb is no good. I'll have to transfer my IT's to either all in HL or amalgamate some together to Bell's.
    *ITs. Of the larger brokers anyway, the cheapest would be iWeb. No ongoing fee and £5 per trade.
    Yes iWeb stands out as the cheapest, but at the moment not sure about transferring etc.

    I have 4 platforms already (HL, Vanguard, Fidelity and Bells) so at the moment just looking to move and amalgamate all IT's into cheapest platform for them and to do the same for funds.
    Right, just amalgamate them all into iWeb. It'll take funds too and its charge will be the same as for the ITs. It's ultimately owned by Lloyds Bank so I'd not worry on that score. 
    Big step for me! 
    Is it difficult to do, I've never done a transfer.
    They are fairly straightforward these days. Once you've done the first one . . . . . . . . 
    (Hopefully I haven't jinxed it for you!). 
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