Vanguard: New Minimum Monthly Account charge

Foxhouse

Thanks everyone for their comments here; it's helped me a great deal.

I have one question I need answering though (I've contacted VG for their response but no reply yet), which I've not got total understanding on.

If I pay the fees for my SIPP and ISA by direct debit, this won't be viewed as part of the annual allowances? In other words if my fees in the ISA are £500 p.a. (they're not) and I pay by DD, I'll still be able to put £20k into the ISA for investment? Or will I now be limited to £19500?

Thanks

pbcpdeveloper

Paying fees via DD doesn't count as part of your annual allowance.

Foxhouse

pbcpdeveloper said:

Paying fees via DD doesn't count as part of your annual allowance.

Thanks - I've set a dd for future payments.

jimjames

Anyone else having delays with investments moving from Vanguard? I know the process has been slow and delayed but I'd (maybe naively) thought that once it started it was automated and no human intervention needed.

Half the funds moved from my SIPP 3 weeks ago, the remaining funds are not showing in Vanguard but are not in the new provider either. The value shows in Vanguard but not the actual lines for the funds themselves. Is that normal or does someone need to give it a nudge to fix something blocking it? Every transfer between providers previously has taken a few days for all funds to move but with a single fund house involved I'd not expected this level of delay between different funds transferring. After over 3 weeks it's making me wonder if there is a problem.

Slinky

All these comments about the increase in fees from Vanguard, I was surprised when I had a quarterly DD from them of just over five quid. Was expecting it to be more? I've only really just started taking notice of the actual amounts as previously they sold off units to pay their fees, but now I'm getting them to DD from my bank account.

boingy

The new charge only started at the end of Feb.

jimjames

IanManc said:

boingy said:

The new charge only started at the end of Feb.

Which is why I was surprised not to have been charged it for March.

Depends how much is in your pot. £7 is entirely possible to have included £4 for March and £1.50 each for Jan & Feb