ii new platform plans 2026

20122013

I had read that the new plans including the Plus plan, it includes a free regular trade in addition to the £3.99 trade credit.

see here: 

https://www.ii.co.uk/investing-with-ii/regular-investing#regularinvestingsetup

'With regular investing, you invest monthly – buying shares over time. This is opposed to buying shares in one lump sum.  
 
With ii, regular investing is also free. There are no trading fees to pay, and you can invest as little as £25 each month to gradually build up your portfolio. You still have to pay the trading fee when you sell your investments and other fees may apply.
 
Regular investing may suit long-term savers. Alongside being a low-cost option, it also requires less of your time. 
 
You set up regular investing by choosing your investments and how much you want to invest each month. Then sit back and let us carry out your instructions for you – safe in the knowledge that you can change your monthly investments at any time.' 

I guess doing 'regular investing' will create more paper work in terms of tax etc? Aside from that is it worth using the regular investing if my money can lasts that long for regular investing but I have also read that it is better to do a lump sum investment ?  

20122013

UncleK said:

I was moved from Jarvis to ii and whilst newly with ii, I sold the shares I was holding leaving zero with ii. I thought I might as well close the ii account but when I tried doing that a few months ago the website said there was no charge to stay a customer with nothing held and charges would only kick in once I held something.
Is that still the case, does anybody know - with the new scheme?

I am not sure whether this answer your question. I hold an ISA account, but no GIA (General Investment Account) and today, ii had said that to open a GIA account and get familiar with it before paying money in, and it seems there is no fee unless you have money in the account.

Jaunty

Does anyone one know if the new ii fee plans still charge extra for large trades? Currently I believe it is £40 for trades over £100k but I haven't  found this detail yet online for the new fee plans.  (This would only ever really apply to rebalancing for me as I wouldn't be actively trading). 

sausage_time

Jaunty said:

Does anyone one know if the new ii fee plans still charge extra for large trades? Currently I believe it is £40 for trades over £100k but I haven't  found this detail yet online for the new fee plans.  (This would only ever really apply to rebalancing for me as I wouldn't be actively trading). 

I thought they were moving to flat fees?  There's certainly no mention of higher fees for larger trades here:

https://www.ii.co.uk/our-charges/new-pricing

Anyone know different?

EthicsGradient

20122013 said:

I had read that the new plans including the Plus plan, it includes a free regular trade in addition to the £3.99 trade credit.

see here: 

https://www.ii.co.uk/investing-with-ii/regular-investing#regularinvestingsetup

'With regular investing, you invest monthly – buying shares over time. This is opposed to buying shares in one lump sum.  
 
With ii, regular investing is also free. There are no trading fees to pay, and you can invest as little as £25 each month to gradually build up your portfolio. You still have to pay the trading fee when you sell your investments and other fees may apply.
 
Regular investing may suit long-term savers. Alongside being a low-cost option, it also requires less of your time. 
 
You set up regular investing by choosing your investments and how much you want to invest each month. Then sit back and let us carry out your instructions for you – safe in the knowledge that you can change your monthly investments at any time.' 

I guess doing 'regular investing' will create more paper work in terms of tax etc? Aside from that is it worth using the regular investing if my money can lasts that long for regular investing but I have also read that it is better to do a lump sum investment ?  

Regular investing is already free with ii - they nominate either the 1st or 3rd Wednesday of the month (the 1st for more recently-opened accounts), and you set up a list of what you want to buy on that date; you can arrange a direct debit to fund it, if there isn't enough cash in your account.  If it's their trading account, then, yes, you should download the contract notes for each time you invest, and use them for capital gains calculations in the future. If it's an ISA or SIPP, it won't make a difference to the paperwork.

As to whether it's better to invest a lump sum that you have immediately, or to drip feed it in, that depends on your priorities. Overall, being invested in equities is better than in savings, so you probably  increase your long-term gains by investing the lump sum as soon as you have it. But that does mean you are taking a chance on the date you invest - if it happens to be the top of the market, you won't do so well. By spreading it out over several dates, you spread the risk (but slightly cut the likely gain). But no one can tell you how many investments to spread it over.

fistfulofsteel

https://forums.moneysavingexpert.com/discussion/comment/81782945#Comment_81782945

How? I've been through every option on the ii app and every option on the website and there isn't any possibility to cancel it. There's also no option to cancel it in my banking app, which is weird as I can cancel every other direct debit on the account.

I've contacted both ii and my bank but neither has yet gotten back to me.

jimjames

I guess doing 'regular investing' will create more paper work in terms of tax etc? Aside from that is it worth using the regular investing if my money can lasts that long for regular investing but I have also read that it is better to do a lump sum investment ?  

If it's an ISA or SIPP then it has no implications for tax. If you're not fussed about trading on a specific day you can just set the regular savings to the full amount you want to invest and it will get bought on that day. Then can change it to zero for the next month which means you don't pay any trading fees.

coyrls

https://forums.moneysavingexpert.com/discussion/comment/81789325#Comment_81789325

I have now sold a fund under the new scheme and the trade credit is, strictly speaking, a monetary credit of £3.99 against trading costs. After my trade, £1.49 was deducted from my trade credit, leaving £2.50, so yes you could make 2 free fund trades a month.