ii new price plan

masonic

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

Oldhand_2

OK, it looks as if you have to set up direct debit and paperless documents, then you'll be on the cheaper Core plan.

joebob

masonic said:

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.

I know i really need to look at other options i've just been gliding along all these years happy with the profits i've made on shares i've bought and sold. It started with a punt on a few shares then grew and grew and my knowledge didn't . l know i need to look into putting some shares into a stocks and shares isa to avoid tax implications but brain fog descends and i never get round to it.  maybe a new years resolution. 

joebob

Oldhand_2 said:

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.

Just a trading account with shares no isa or sipp

Oldhand_2

Lets step back a little.

You have just a trading account.

You have under £100K in that account.

Do you pay by direct debit?

Do you have paperless documentation?

What evidence do you have that you will be moved to a Plus account in Feb?

Alexland

Have you considered Scottish Widows (formerly iWeb), a forum favourite who support most funds and exchange traded investments with no ongoing charge, free regular investing and £5 for adhoic trades?

https://www.scottishwidows.co.uk/investing/ways-to-invest/share-dealing-services/share-dealing-account.html

I just had a look at their terms and they seem to support joint accounts but you may wish to check with them.

joebob

Oldhand_2 said:

Lets step back a little.

You have just a trading account.

You have under £100K in that account.

Do you pay by direct debit?

Do you have paperless documentation?

What evidence do you have that you will be moved to a Plus account in Feb?

Yes just a trading account
60k
No DD taken out of account
yes paperless
email on friday said there moving me to plus plan.

RacingDriver

The issue here seems to be not paying the monthly fee by Direct Debit

II have correctly notified me that my account will be moved to the Core plan

joebob

Just found out today that the reason they are moving me to the £14.99 plan is because its a joint account and they are not eligible for the core plan.