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Confused about Vanguards "costs & minimums" stocks & shares ISA.

SneakySpectator
Posts: 200 Forumite

I currently have an S&S ISA with T212 and I'm very happy with it. But I want to open a S&S ISA with vanguard also. I selected "cash" because I don't want to actually invest in any fund just yet. Then on the next section it says I need to invest either £500 in 1 go, or £100 monthly.
So just to open the account I have to do one of these 2, which is ok. But my question is if I select monthly and then pay in £100. Do I have to do this every month going forward to keep the ISA open, or can I just do it once and then leave it?
Thank you.
So just to open the account I have to do one of these 2, which is ok. But my question is if I select monthly and then pay in £100. Do I have to do this every month going forward to keep the ISA open, or can I just do it once and then leave it?
Thank you.
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Comments
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Not sure what happens if you set up the monthly and then stop, but another thing to consider if you are starting a Vanguard ISA from scratch is that their newly introdiced minimum fee structure will equate to quite a significant annual percentage for small and slowly accumulating ISAs.
• The rich buy assets.
• The poor only have expenses.
• The middle class buy liabilities they think are assets.
Robert T. Kiyosaki1 -
vacheron said:Not sure what happens if you set up the monthly and then stop, but another thing to consider if you are starting a Vanguard ISA from scratch is that their newly introdiced minimum fee structure will equate to quite a significant annual percentage for small and slowly accumulating ISAs.0
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Their S&S ISA now has a £4 monthly account fee for any investment under £32,000.
So if you managed to place your single £100 payment and didn't add any more for a year, they will take £48 (48%) in fees!
https://savingtool.co.uk/blog/vanguards-new-minimum-fee-what-it-means-for-uk-investors/
• The rich buy assets.
• The poor only have expenses.
• The middle class buy liabilities they think are assets.
Robert T. Kiyosaki1 -
vacheron said:Their S&S ISA now has a £4 monthly account fee for any investment under £32,000.
So if you managed to place your single £100 payment and didn't add any more for a year, they will take £48 (48%) in fees!
https://savingtool.co.uk/blog/vanguards-new-minimum-fee-what-it-means-for-uk-investors/1 -
SneakySpectator said:vacheron said:Their S&S ISA now has a £4 monthly account fee for any investment under £32,000.
So if you managed to place your single £100 payment and didn't add any more for a year, they will take £48 (48%) in fees!
https://savingtool.co.uk/blog/vanguards-new-minimum-fee-what-it-means-for-uk-investors/
That's also the reason why I'm now moving my son's "university fund" ISA from Vanguard (where I have happily held it for the last 5 years) to Trading 212!• The rich buy assets.
• The poor only have expenses.
• The middle class buy liabilities they think are assets.
Robert T. Kiyosaki1 -
vacheron said:SneakySpectator said:vacheron said:Their S&S ISA now has a £4 monthly account fee for any investment under £32,000.
So if you managed to place your single £100 payment and didn't add any more for a year, they will take £48 (48%) in fees!
https://savingtool.co.uk/blog/vanguards-new-minimum-fee-what-it-means-for-uk-investors/
That's also the reason why I'm now moving my son's "university fund" ISA from Vanguard (where I have happily held it for the last 5 years) to Trading 212!
My concern is that it can take a few weeks to transfer and with the volatility in the markets in the first part of the year is that I sell out 'low' in one position and then buy back in 'higher'. I can't do a straight transfer as I have the FTSE Global All Cap with VG and that isn't available on T212.0
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