We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Accumulation vs Income (S&S ISA)

20122013 · 2025-03-17 14:02:34

My current platform has a high platform fee but no charge to sell and buy funds. , So I am looking to switch funds before transferring out. The new platform has a fee of £5 per transactions. From year 3, I hope to get some income from this S&S ISA fund and would it make sense to go with an INC as the tax free income will…

Comments

masonic Posts: 29,464 Forumite

28 March 2025 at 6:55AM

If you're paying £65 per month to hold £800 worth of assets, then that is ridiculous - almost 100% per year.
It sounds like your best option will be to refuse to pay any further fees and gift them the suspended assets. At the same time raise a formal complaint against them for forcing you to take that action in order to exercise your right to take your business elsewhere.

1