ISA platform

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  • MarkBargain
    MarkBargain Posts: 1,641 Forumite
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    iWeb looks the best value to me. To minimise the £5 fees I will just pay in every six months buying one fund a time, so only £10 a year platform fees (plus the one off £25 fee to open an account).
  • Alexland
    Alexland Posts: 9,653 Forumite
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    MarkBargain wrote: »
    iWeb looks the best value to me. To minimise the £5 fees I will just pay in every six months buying one fund a time, so only £10 a year platform fees (plus the one off £25 fee to open an account).

    Yes that minimises fee but potentially at the expense of any investment growth that might have otherwise occured in the period where you had money in-between the contribution events.

    Alex
  • A_T
    A_T Posts: 959 Forumite
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    Alexland wrote: »
    Yes that minimises fee but potentially at the expense of any investment growth that might have otherwise occured in the period where you had money in-between the contribution events.

    Alex

    Yes could maybe invest in a % fee platform non-ISA account in the meantime so as not to miss out.
  • MarkBargain
    MarkBargain Posts: 1,641 Forumite
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    Alexland wrote: »
    Yes that minimises fee but potentially at the expense of any investment growth that might have otherwise occured in the period where you had money in-between the contribution events.

    Alex


    That's right, I just keep the money in a 1.1% instant access account in the meantime for convenience. When it builds up, I invest a lump into the ISA.
  • greenglide
    greenglide Posts: 3,301 Forumite
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    Why only 1.1% interest?


    The least you could do is open a Marcus account which pays 1.5%.
  • MarkBargain
    MarkBargain Posts: 1,641 Forumite
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    greenglide wrote: »
    Why only 1.1% interest?


    The least you could do is open a Marcus account which pays 1.5%.


    Just for the convenience of having it with my other Nationwide accounts under one log in, there is only a few pounds in it.
  • andy001
    andy001 Posts: 119 Forumite
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    Thanks for your help.
    I couldn't find exit charges for CSD.
    Do you advise to consolidate various LS a/c into one before transferring to HSD? or ok to transfer the ISAa as they are?
    Thanks again
    I'm not a Financial advisor.
    Please seek independent financial advice.
  • Alexland
    Alexland Posts: 9,653 Forumite
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    edited 24 February 2019 at 4:43PM
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    Given HSD charge £12.50 per ad-hoc trade it would make sense to consolidate the funds in advance of the transfer.

    Alex
  • ColdIron
    ColdIron Posts: 9,054 Forumite
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    CSD charge £10 per holding (stocks or funds) to transfer out which they waived for me when I moved my ISA to IWeb. There is an additional charge for a SIPP transfer
    https://www.charles-stanley-direct.co.uk/Registration/RatesAndCharges
  • andy001
    andy001 Posts: 119 Forumite
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    Alexland wrote: »
    Given HSD charge £12.50 per ad-hoc trade it would make sense to consolidate the funds in advance of the transfer.
    Alex

    Thanks.
    So sell all LS funds and buy and transfer to say for example vanguard LS 80 first and then transfer out as single fund to HSD??
    ColdIron wrote: »
    CSD charge £10 per holding (stocks or funds) to transfer out which they waived for me when I moved my ISA to IWeb. There is an additional charge for a SIPP transfer
    https://www.charles-stanley-direct.co.uk/Registration/RatesAndCharges

    Thank you ColdIron..
    I'm not a Financial advisor.
    Please seek independent financial advice.
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