Lowest cost Share ISA Platform

[Bonefish Blues]

Any recommendations from anyone?

ii's now costing £10 pcm but all my wife & I want is the ISA wrapper until the point we sell the single share we're holding long-term (be nice but not essential to have an auto instruction function at a defined price), so x free trades per month etc is of no utility to us.

Welcome experience of others who've used Freetrade etc, thanks

ETA
There'll be a transfer involved, of course, but I'm assuming that will be easy as, under regulatory rules?

Edited by Bonefish Blues on Saturday 20th May 09:28

[Panamax]

Bonefish Blues said:

until the point we sell the single share we're holding long-term

It's obviously impossible to answer that question without knowing the approximate value of the holding(s) because of the need to juggle fixed fees against percentage fees.

Leaving that aside, it sounds like the worst investment strategy since the dawn of time!

[Mr Pointy]

Hargreaves Lansdown charge £45 a year for shares in an ISA. Halifax is £36. i-Web charge zero annually but £100 set up charges, II is £5/10 a month. AJ Bell maximum £3.50/month.

Take your pick.

[Panamax]

I hadn't realised charges were capped at such a low level for holding shares. Sounds a bit of a bargain. All the more so if it's a large shareholding.

[C69]

IWeb is my suggestion if your current ISA is worth £5k or more. £100 to set up, but it's currently offering £100 cashback. No annual charges, £5 per trade.

https://www.iweb-sharedealing.co.uk/landing-pages/...

[Bonefish Blues]

C69 said:

IWeb is my suggestion if your current ISA is worth £5k or more. £100 to set up, but it's currently offering £100 cashback. No annual charges, £5 per trade.

https://www.iweb-sharedealing.co.uk/landing-pages/...

That sounds excellent - it's high 5 figures in current value and I won't be trading except this one sale, and then the cash will be off somewhere else, still in the wrapper

[DaveGrohl]

Defo iWeb. Even more so in your case, absolute no brainer.

[Panamax]

Not if it's a "single share" as outlined at the start of the thread.

[Bonefish Blues]

It's a single share as I said.

You said it was a strategy though

[Panamax]

Bonefish Blues said:

You said it was a strategy though

If it's not a strategy, what is it?

[Bonefish Blues]

Panamax said:

Bonefish Blues said:

You said it was a strategy though

If it's not a strategy, what is it?

Part of a strategy, perhaps?

[Panamax]

Apparently a strategy that doesn't otherwise include ISAs, which seems a tad odd.

Or if you've already got ISAs the logical step on the face of things would be have everything one place, for efficiency of costs and charges. Almost every provider has a scale of fees which cap off at some point, encouraging the "one stop shop".

If these are "employee shares" that you have received then IMO diversification always merits consideration. Time and again I've watched employees hold loyally onto shares from a once-successful company that later fades, taking their investment with it.

[Panamax]

Bonefish Blues said:

it's now costing £10 pcm but all my wife & I want is the ISA wrapper until the point we sell the single share we're holding long-term

There'll be a transfer involved, of course, but I'm assuming that will be easy as, under regulatory rules?

If you're big investors it sound a lot of faffing about to save £100!

[Bonefish Blues]

Thanks for your advice, I appreciate it's limited by the lack of information you have, but it's appreciated.

[Bonefish Blues]

NowWatchThisDrive said:

Well, you could just as easily apply the logic by which people call a stock "a share" to refer to an ETF. It's one of those trivial semantic things that's always niggled me irrationally

I am ashame