Interactive Investor to roll out ‘Netflix pricing’
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For me;
7 holdings. 14 trades (sell and buy for rebalance once a year).
Old Scheme:
£120 SIPP Fee
£90 Account Fee
5 Trades @ £10 each (9 are free)
Total: £260
New Scheme [Investor]
£120 SIPP Fee
£119.88 Account Fee
11 Trades @ £7.99 each (3 are free, based on 90 days)
Total £327.77
New Scheme [Funds Fan]
£120 SIPP Fee
£167.88 Account Fee
8 Trades @ £3.99 each (6 are free, based on 90 days)
Total £319.80
You build up £7.99 'free credit' each month whatever plan you're on, and it lasts up to 90 days. So you have a nearly 30 day window in which 3 month's built-up credit, ie £23.97, is available. If you're on the Funds Fan plan in those 30 days, you can trade your funds at £3.99 - 14 trades is £55.86, minus £23.97 is £32.89. You also pay £9.99 for 11 months, and £13.99 for 1.
Total is 9.99*11 + 13.99 + 32.89 + 120 (SIPP fee) = £276.77. A little more than now, but not as bad as keeping on one plan. You have the hassle of switching twice, of course.
The "switch for 1 month to Funds Fan" would be worth it, I think, for anyone contemplating using up all their free credit and doing at least 1 more trade in a month (say, 4 trades in 3 months) - pay £4 more in the monthly fee, but get up to 6 free in one month, and £4 off any trade you have to pay for.0 -
aroominyork wrote: »I just asked ii whether they can take fees from the balance on my accounts in future, instead of by direct debit. They can, but only from my ISA and not from SIPP. If they could take it from SIPP there would be a tax benefit but taking it from ISA causes a tax loss, so I'll leave it as direct debit.
Is this changing then? - I currently have my fees taken from my SIPP cash balance ?0 -
Is this changing then? - I currently have my fees taken from my SIPP cash balance ?0
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BigBlueSky wrote: »Is this changing then? - I currently have my fees taken from my SIPP cash balance ?0
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BigBlueSky wrote: »I moved directly to II a number of years ago.
Edit - Back in 2014.0 -
Had a quick search but couldn't see an ii feedback thread. Recently transferred my pension here, received cashback ok, and had intended on opening a ISA here too. However in my short time here I've had a couple of issues:
Received a trading credit, and then same day purchased a fund. Some days later the credit was still showing, upon asking CS they said as the credit was given the same day the trade wasn't elligible (even though the trade itself didn't seem to occur until the day after). Fine, I now wait 2-3 days after free credit appears.
This weekend I decided to transfer the £100 switch bonus from my trading account to my sipp which currently has £93 cash in it. Set to action on monday. My Trading account read £0 but still not reflected in my Sipp cash pot. Emailed CS this morning and within a few minutes replied to say its showing in my sipp. I logout and back in, still not there. Emailed them straight after and now they've gone quiet on me.
Par for the course with these guys?0 -
username901 wrote: »Par for the course with these guys?
In my past experience that's probably just a taster of things to come.
Their customer service is fantastic, for about as long as you don't actually require it to solve a problem.'We don't need to be smarter than the rest; we need to be more disciplined than the rest.' - WB0 -
In my past experience that's probably just a taster of things to come.
Their customer service is fantastic, for about as long as you don't actually require it to solve a problem.
Was hoping you wouldn't say that :rotfl:
Next step was to try and setup an employer one off contribution... wish me luck0
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