Discussion
I'm already up to a good chunk between last year and this years ISA and at some stage fees matter so I ran a couple of fee calculators.
f
k me what a difference platform fees make 
With my old "cheap" 0.25% platform, assuming 7% annual return (I wish) over 20 years I'd be paying the fund platform a touch over £25k in platform fees alone.
That goes to around £40k with some of the more expensive platforms.
With a fixed cost platform (which I've moved to) I'd be paying around £1800.
I thought it worth a mention because I see so many threads where people focus on fund costs but not so many where people focus on platform costs.
Fully understand that YMMV and if you only purchase shares and/or investment trusts some platforms have caps etc. but my god that was an eye opener
f
k me what a difference platform fees make With my old "cheap" 0.25% platform, assuming 7% annual return (I wish) over 20 years I'd be paying the fund platform a touch over £25k in platform fees alone.
That goes to around £40k with some of the more expensive platforms.
With a fixed cost platform (which I've moved to) I'd be paying around £1800.
I thought it worth a mention because I see so many threads where people focus on fund costs but not so many where people focus on platform costs.
Fully understand that YMMV and if you only purchase shares and/or investment trusts some platforms have caps etc. but my god that was an eye opener
Yup always worth comparing every year or so. Good guide here: http://monevator.com/compare-uk-cheapest-online-br...
Which is best varies depending on the types of assets invested in, value of holdings and how often you trade.
Which is best varies depending on the types of assets invested in, value of holdings and how often you trade.
bhstewie said:
hstewie said: I'm already up to a good chunk between last year and this years ISA and at some stage fees matter so I ran a couple of fee calculators.
fk me what a difference platform fees make
With my old "cheap" 0.25% platform, assuming 7% annual return (I wish) over 20 years I'd be paying the fund platform a touch over £25k in platform fees alone.
That goes to around £40k with some of the more expensive platforms.
With a fixed cost platform (which I've moved to) I'd be paying around £1800.
I thought it worth a mention because I see so many threads where people focus on fund costs but not so many where people focus on platform costs.
Fully understand that YMMV and if you only purchase shares and/or investment trusts some platforms have caps etc. but my god that was an eye opener
In your example, aren't you comparing the 'effect of charges' on one side with actual charges on the other? f
k me what a difference platform fees make With my old "cheap" 0.25% platform, assuming 7% annual return (I wish) over 20 years I'd be paying the fund platform a touch over £25k in platform fees alone.
That goes to around £40k with some of the more expensive platforms.
With a fixed cost platform (which I've moved to) I'd be paying around £1800.
I thought it worth a mention because I see so many threads where people focus on fund costs but not so many where people focus on platform costs.
Fully understand that YMMV and if you only purchase shares and/or investment trusts some platforms have caps etc. but my god that was an eye opener
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