S&S ISA platform

alfabet

Hi, my S&S ISA has grown to ~£50k.

It's currently held at Vanguard and is 100% invested in LifeStrategy 80.  I buy more via monthly direct debit.

I understand that at this level I might be better off looking at a fixed-fee broker - is that correct and which might be worth investigating?  I like the Vanguard ease of use.

Thanks!

dunstonh

If you are concerned about fees, why you are using VLS100 and not a global tracker (at half the cost)?

Is it really worth having a mix of VLS80 and VLS100?  That seems rather pointless to me.

alfabet

I don't hold VLS100 - only VLS80.

Albermarle

alfabet said:

Hi, my S&S ISA has grown to ~£50k.

It's currently held at Vanguard and is 100% invested in LifeStrategy 80.  I buy more via monthly direct debit.

I understand that at this level I might be better off looking at a fixed-fee broker - is that correct and which might be worth investigating?  I like the Vanguard ease of use.

Thanks!

Fixed fee platforms usually start to look more attractive above £50k, although some charge for monthly payments in.  Vanguard has a pretty low % fee, so probably best to stay with them if you are happy and maybe have a look around when the fund gets bigger.

eskbanker

alfabet said:

Hi, my S&S ISA has grown to ~£50k.

It's currently held at Vanguard and is 100% invested in LifeStrategy 80.  I buy more via monthly direct debit.

I understand that at this level I might be better off looking at a fixed-fee broker - is that correct and which might be worth investigating?  I like the Vanguard ease of use.

You could open a S&S ISA with IWeb and transfer your existing holdings to them, but keeping your Vanguard account open.

IWeb has no annual charge but normally costs £100 to open, but that's currently fully rebated, so that's essentially a zero cost option.

IWeb does charge £5 for purchasing fund units, so keep buying within your Vanguard account, and then transfer each year's purchases over to IWeb for free custody thereafter....

Alexland

Lloyds Share Dealing are offering either £200 or £300 transfer cashback depending on which side of £50k your account valuation is. Then £20 per 6 months and £1.50 per monthly fund trade so £58 pa.
Slightly cheaper than 0.15% at Vanguard at £75pa but probably worth transferring for the cashback and to stop the platform fees growing as the account gets bigger.
https://www.lloydsbank.com/investing/landing-pages/transfer-offer.html