HL LISA fees

oz0707

Fees going to .25% for management of LISA with Hargreaves Landsdowne. I normally buy funds twice a year. Once after April 5th, once when the bonus comes through. Where are other people looking to move their LISA to if cheaper alternatives exist? I already have II (now scottish widows) for ISA so prefer to keep seperate platforms

oz0707

Sorry I mean ISA is with i web, now scottish widows

eskbanker

Dodl is likely to be cheapest if you're happy with its product range.

oz0707

To be fair I've just logged in. The fees look to have always been around the same amount I can't tell that they've changed much for me. On a side note Vanguard VLS100 is doing well!

eskbanker

https://forums.moneysavingexpert.com/discussion/comment/81884492#Comment_81884492

I haven't paid a huge amount of attention to HL's fee changes as I'm not a customer, but did see the title of the main thread referring to the change taking effect from next month, so wouldn't expect anything to differ yet. Presumably as a customer you'll have had notification of the details or at least where to find them?

intalex

AJ Bell (0.25%) has a cap of £3.50pm so if your LISA balance is large enough, it works out cheaper than Dodl (0.15%)… but Dodl currently have a time limited (until 30 April) fee waiver deal for 12 months:

https://help.dodl.co.uk/en/articles/13597884-what-is-the-fee-free-isa-offer

oz0707

https://forums.moneysavingexpert.com/discussion/comment/81885208#Comment_81885208

I might consider moving then for this ISA year. I am paying around 15 quid a month. Presumably this is platform fee and not a fee charged by the fund?

I was surprised how much this account has grown.

masonic

VLS100 would not be subject to the £3.50 per month cap at AJ Bell as it is not an exchange traded investment.

intalex

https://forums.moneysavingexpert.com/discussion/comment/81885240#Comment_81885240

Yes correct

oz0707

What kind of fee's do vanguard charge to hold a LISA with them?

Am I wasting my time looking to cut fee's from around 15 quid a month it's only 180 a year so not sure how much lower I could look to achieve

RacingDriver

https://forums.moneysavingexpert.com/discussion/comment/81885460#Comment_81885460

Vanguard don't offer a LISA