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  • FIRST POST
    • FIRSTTIMER
    • By FIRSTTIMER 9th Apr 18, 3:39 PM
    • 390Posts
    • 61Thanks
    FIRSTTIMER
    Hi Again - How do I ay charges on my LISA?
    • #1
    • 9th Apr 18, 3:39 PM
    Hi Again - How do I ay charges on my LISA? 9th Apr 18 at 3:39 PM
    What are the best/cheapest options to set up fee payments on the below;


    Vanguard S&S ISA UK Platform
    Vangaurd Lifestrategy 60 125 per month
    Vangaurd Lifestrategy 80 125 per month
    Cash Balance Zero
    Current Set up as take charges from my bank account


    H & L LISA Platform
    Blackrock Consensus 85 125 per month
    HSBC Global Strategy Dynamic 125 per month
    Cash Balance Zero
    Top up by 1k end of each year.
    Current Charge Set Up - Standard.


    Thanks,
Page 1
    • TheShape
    • By TheShape 9th Apr 18, 3:48 PM
    • 1,400 Posts
    • 1,270 Thanks
    TheShape
    • #2
    • 9th Apr 18, 3:48 PM
    • #2
    • 9th Apr 18, 3:48 PM
    I pay fees for my HL LISA from a separate fund and share account so that I don't have to keep a cash balance in the LISA.

    You'll either want to do the same or keep a cash balance in the LISA to cover charges, otherwise HL will charge 1.50 to sell some of your investments to cover the fees.
    Last edited by TheShape; 09-04-2018 at 4:05 PM. Reason: Spelling
    • FIRSTTIMER
    • By FIRSTTIMER 9th Apr 18, 3:54 PM
    • 390 Posts
    • 61 Thanks
    FIRSTTIMER
    • #3
    • 9th Apr 18, 3:54 PM
    • #3
    • 9th Apr 18, 3:54 PM
    Thanks for this - last thing - how do I set up the H&L Government bonus to buy my two funds too - with minimal charging as and when I get the bonus monthly?
    • TheShape
    • By TheShape 9th Apr 18, 4:04 PM
    • 1,400 Posts
    • 1,270 Thanks
    TheShape
    • #4
    • 9th Apr 18, 4:04 PM
    • #4
    • 9th Apr 18, 4:04 PM
    Thanks for this - last thing - how do I set up the H&L Government bonus to buy my two funds too - with minimal charging as and when I get the bonus monthly?
    Originally posted by FIRSTTIMER
    You can't (at least not currently). Your bonus will stay in your account as cash for you to invest manually. Fund purchases don't attract a charge so you don't need to worry about charges.

    You may have a secure message in your account re the LISA bonuses. I have a message re Bonuses, Transfers and government charges that I received on 29/03/18.
    • FIRSTTIMER
    • By FIRSTTIMER 9th Apr 18, 4:24 PM
    • 390 Posts
    • 61 Thanks
    FIRSTTIMER
    • #5
    • 9th Apr 18, 4:24 PM
    • #5
    • 9th Apr 18, 4:24 PM
    I don't think this is right - the screen says bonus must now be automatically reinvested and cannot be held as cash and fees cannot be collected from it. Can I set up a direct debit to collect fees from an external bank account?
    • ColdIron
    • By ColdIron 9th Apr 18, 4:47 PM
    • 4,573 Posts
    • 5,874 Thanks
    ColdIron
    • #6
    • 9th Apr 18, 4:47 PM
    • #6
    • 9th Apr 18, 4:47 PM
    Sounds like you're looking at the Loyalty Bonus
    • Alexland
    • By Alexland 9th Apr 18, 8:41 PM
    • 3,127 Posts
    • 2,464 Thanks
    Alexland
    • #7
    • 9th Apr 18, 8:41 PM
    • #7
    • 9th Apr 18, 8:41 PM
    Worth noting that the HL fund & share account would eventually have a 25+vat closure fee which is why I decided to pay my HL fees from cash within the LISA account.
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