ii new price plan

joebob

I've had the email from ii about the new price plan i am currently on the £11.99 fee which will increase to £14.99  I have a joint trading account with my wife with 60k worth of shares nothing else and buy or sell on average once a month. I am wondering if it would be more beneficial to move to the core plan at £5.99  ?  

masonic

There is plenty of discussion of this in the ongoing thread at https://forums.moneysavingexpert.com/discussion/6645059/ii-new-platform-plans-2026

joebob

Yes i've read the thread. But there's nothing really specific to my question.

masonic

I mean that you could have joined the active discussion instead of creating a new topic.

Are you asking if it is better to pay a platform fee of £5.99 + £3.99 for one trade instead of £14.99 all in?

Oldhand_2

Because it doesn't come into effect until Feb next year.

I've assumed that portfolios under the new limit of £100,000 will move automatically to the cheaper core plan. But I'm not ii so I can't guarantee it.

masonic

Oldhand_2 said:

Because it doesn't come into effect until Feb next year.

There's an existing £5.99 plan, but I see now that's pension only and up to £50k.

joebob

masonic said:

I mean that you could have joined the active discussion instead of creating a new topic.

Are you asking if it is better to pay a platform fee of £5.99 + £3.99 for one trade instead of £14.99 all in?

I know i will be better off going to the £5.99 fee but i dont know why they are moving me to the £14.99 fee. I have been with them for 15 years and just go along with what they say out of blind loyalty. 

Oldhand_2

Yes, we're on that with an ISA, and coming close to the £50k limit, so a jump to £11.99 would be a big rise. The new £100k limit makes the extra £1 a month very palatable - and better than Vanguard for instance.

joebob

Oldhand_2 said:

Because it doesn't come into effect until Feb next year.

I've assumed that portfolios under the new limit of £100,000 will move automatically to the cheaper core plan. But I'm not ii so I can't guarantee it.

My portfolio is 60k and there moving me to the £14.99 one

masonic

joebob said:

masonic said:

I mean that you could have joined the active discussion instead of creating a new topic.

Are you asking if it is better to pay a platform fee of £5.99 + £3.99 for one trade instead of £14.99 all in?

I know i will be better off going to the £5.99 fee but i dont know why they are moving me to the £14.99 fee. I have been with them for 15 years and just go along with what they say out of blind loyalty. 

I am obviously misinterpreting your question "I am wondering if it would be more beneficial to move to the core plan at £5.99  ?"

It's good that you know that you'll be better off moving to the £5.99 plan. Another option is to move to a cheaper platform.

Blind loyalty is never a good idea. Alternative options have been discussed in the other thread.

Oldhand_2

joebob said:

My portfolio is 60k and there moving me to the £14.99 one

Are you sure? Do you have something other than an ISA, SIPP, or GIA? The ii web pages imply that the move to the appropriate plan will be automatic.