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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: 28,498 Forumite

28 March at 5:55AM

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.

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