A J Bell charges confusion

Novice_investor101

masonic said:

Novice_investor101 said:

Now I’m over 40 I can’t transfer to Dodl.

You should now be able to as both AJ Bell brands will accept transfers from over 40s.

I’ll investigate this. When Dodl first launched I enquired & they said no. 

The two funds in my LISA are also available on Dodl so would be perfect for me. 

Edit: all sorted. New LISA opened & cash transfer instructed. Not a fan of inspecie transfers taking weeks, and I doubt a couple of weeks out of the market will matter in 19 years time. 

22225

Thanks all. I have a teachers pension. I have currently accrued 10k at 60 and the rest that I'm building up I will get at 68 (due to legacy arrangements). I have made overpayments in the past. But I assumed a LISA would be a no brainer as I will be probably be paying tax on my pension? With a SIPP there is no employer contribution so surely a LISA wins over a vanguard sipp for example? 
With my husband we have a large mortgage of around £300k set to run for 33 years more. I am trying to get the mortgage down using savings products. This is my priority (suggested by people on here before). I suppose that's why I have kept the LISA contribution low. 
I feel bad though because I set my husband up with the same LISA with AJ Bell so I feel like he's losing out because of me. 
I think when I originally set up my LISA it was around 2018 so it was AJ Bell or HL so I'm guessing thats why I thought AJ Bell was a good idea similarly to the poster above.
I will try to move our accounts to dodl if they do vanguard VLS 80 or similar. 
Thank you all.
I wonder if HL will accept transfers in in the future. Feels like they are not keen on Lisa's.

Novice_investor101

Dodl do Vanguard 40, 60 & 80 Lifestrategy funds. 

The two funds in my AJ Bell LISA are the HSBC World Index fund & L&G Global Tech index fund, both of which are also on Dodl. 

I currently only pay my regular investment into the HSBC fund to avoid incurring 2x £1.50 charges a month. Moving to Dodl now will mean I can split my regular investments between the two. 

Still waiting to see how the Dodl regular investments work yet. AJ Bell was rather odd with it’s once a month buy regardless of when the DD collects. Although that worked well for the government bonus landing and all of it investing together. 

cloud_dog

Sarahspangles said:

Albermarle said:

Not sure anybody has actually mentioned this but as well as the £1.50 dealing charge, AJ Bell charge a platform fee of 0.25% on all funds on the platform.
Most platforms do something similar . Some with a higher platform charge, do not charge for buying funds, so swings and roundabouts.
Dodl and Vanguard have low fees and do not charge for buying funds. However they have a restricted range of investments available.

I've just noticed that Dodl's charge is 0.15% for the platform fee compared to 0.25% for AJ Bell's

But with minimum of £1 pm.