SS ISA Provider Flat fee or Percentage

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pardal51
pardal51 Posts: 427 Forumite
in ISAs & tax-free savings
Hi All

I have got a SS ISA with Charles Stanley Direct (CSD) ~ £70K; but paying too much on platform fees (ISA transfer will cost £10 per fund)....

I should in theory be doing ~ 4x £5K fund investment trade purchases per year to use all my allowance.....

I am now trying to figure out the best value for money provider (possibly flat fee due to the size of my SS ISA???). Would it be Halifax Share Dealing (HSD) £12.50 flat fee platform + £12.50 per trade (i.e., in theory £12.50 + 4x £12.50 = £62.50 --- considering I am not selling funds, etc)

Which provider would you guys suggest in my case?

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  • eskbanker
    eskbanker Posts: 31,076 Forumite
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    There are a number of tools available that allow you to model which platforms are most cost-effective for your specific investment profile, so plug your numbers into the likes of:

    http://monevator.com/compare-the-brokers/
    http://www.comparefundplatforms.com/
    http://forums.moneysavingexpert.com/showthread.php?t=5583030
    https://www.boringmoney.co.uk/calculator/
  • Tom99
    Tom99 Posts: 5,371 Forumite
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    pardal51 wrote: »
    Hi All

    I have got a SS ISA with Charles Stanley Direct (CSD) ~ £70K; but paying too much on platform fees (ISA transfer will cost £10 per fund)....

    I should in theory be doing ~ 4x £5K fund investment trade purchases per year to use all my allowance.....

    I am now trying to figure out the best value for money provider (possibly flat fee due to the size of my SS ISA???). Would it be Halifax Share Dealing (HSD) £12.50 flat fee platform + £12.50 per trade (i.e., in theory £12.50 + 4x £12.50 = £62.50 --- considering I am not selling funds, etc)

    Which provider would you guys suggest in my case?
    You can use the Halifax regular investment option to do one off buys for £2 so £12.50 + 4x £2 = £20.50.
    But is it £12.50 to sell a fund. Shares/ETFs you can buy and sell live for £3.95 on the monthly cheap trading day.
  • pardal51
    pardal51 Posts: 427 Forumite
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    Thank you both eskbanker and Tom99....



    It seems that iWeb will be the more cost effective option for me (they charge £20 for transfer out ISA >> future consideration)...
  • Albermarle
    Albermarle Posts: 22,176 Forumite
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    It seems that iWeb will be the more cost effective option for me (they charge £20 for transfer out ISA >> future consideration)...
    Transfer fees are under pressure from the FCA to be abolished . In any case compared to the possible ups and downs in your investments it is nothing,
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