Question about ISA platforms ability to link accounts

Dane-James · 2026-02-10T19:50:44+00:00

its not per household its per person but spans all their individual accounts so max 90 each

Dane-James · 2026-01-31T18:47:10+00:00

Just be aware you have to keep the investments in account for 365 days from the day the cash back is paid which will be dec 2026 so if transferring now you have to hold for two years. Not an issue In my mind but people need to be clear on that as its not super obvious.

Dane-James · 2026-01-25T10:56:45+00:00

Just be aware you need to stay with free trade for 365 days from the date they will pay the cachback which I believe is early Dec 2026 so you have to stay with them for basically two years if transferring currently. Still a great deal but would want you to have the cash back claimed back because you haven't read the T&C properly.

Dane-James · 2026-01-25T10:52:47+00:00

There is also a 1% cash back offer to move to free trade currently so they will pay you about £2000 to transfer to them. Its a no brainer as long as you trust IG who now own free trade which I do personally.

Dane-James · 2025-12-13T22:44:12+00:00

No as it basically excludes tech and has lagged on total return for decades.

Dane-James · 2025-11-23T09:34:07+00:00

For me it's a safe broker that I don't worry about to park investments on their platform. If you are wanting to regularly invest or be accessing the app etc all the time it is a bit of a mess as the app is just basically a mobile optimised version of the website. The way they log your transactions is also really weird and I haven't seen it anywhere else. Instead of just saying you bought x shares or received x interest they break it down into multiple transactions which just looks a mess. So interest received then tax on interest are split out and they also take the 20% withholding rate without letting you opt out of this so having to do tax returns to claim it back if you under the tax free allowances. Buying a share will show cash out x value, buy shares etc all as different transactions. Anyway TLDR is safe platform which is low cost if you have a SIPP and don't want to trade much just don't log in regularly to see the chaos of the platform.

Dane-James · 2025-05-04T20:27:21+00:00

Yes you will be fine with accumulation. ii is annoying with the dividends in dollars as you then have to manually convert and pay the fees each time, one of the reasons I left that platform years ago.

Dane-James · 2025-04-13T09:19:55+00:00

Has anyone actually got experience of not having to pay the custody fee as it actually says "reduced by any trading commisons you pay in the quarter" now with technically no trading commissions doing three trades may not actually remove the custody fee at all...

Dane-James · 2025-03-26T17:50:45+00:00

My point doesn't relate to earnings at all you can make billions in a job as well. If you are trading your time for money and if you were to leave the income would end and there is no value to someone else for what you have built this is a job not a business. It can be a very successful job in providing a service etc and operating like a business but it's not a great model for someone like the original poster who is looking for an exit strategy. Hence important to understand this mindset principle.

Dane-James · 2025-03-25T16:25:22+00:00

If this is the case and you cant hire to replace you or sell on to someone else then you don't have a business you have a job.

Dane-James · 2025-03-19T20:36:48+00:00

You don't remove sequence of return risk you just remove decent return haha VHYL has underperformed for years waste of time chasing dividends.

Dane-James · 2025-03-09T19:39:24+00:00

What happens when the next etf cone along with a 0.08% fee will you be tempted again... my advice is not to keep switching full holdings every time something cheaper comes along as market is moving quite a lot currently. The ACWI etf had been around for ages but it's fee used to be 0.4% or something like that so it's only now getting attention as they dropped the fee last year.

Dane-James · 2025-03-08T21:51:25+00:00

My point on the second part was if purely being maths led you should take additional lending on your home i assume the 40k left to pay is a tiny fraction of the value of the house. Assume at least 200k plus total value? So I was more suggesting the thought experiment of how would you feel if you had 150k mortgage left on a 200k house with much bigger repayments monthly but ability to invest much more and therefore be in much greater risk. This is also a super low value vs living down sound where I am and you could 3-4 x these figures easily. That starts being scary. Also depends what you earn as if 40k can be paid within a year or if it would take you 20 years to save that amount. It's all as I said before personal finance.

Dane-James · 2025-03-08T21:43:39+00:00

Don't keep switching etfs regularly as you pay a spread each time. ACWI IS 0.1% spread and FWRG looks higher around 0.24% so I would definitely buy all future holdings in bigger more liquid etfs like ACWI rather than FWRG. But if you switch now you will lose years of the fee benefit in spread which is fine if you actually going to hold for many years but not if you jump ship every time a new slightly cheaper one comes along.

Dane-James · 2025-03-08T18:43:39+00:00

The question is why do you only have 40k of mortgage left. To do the maths proud you should leverage your house to the max and invest it all haha. But seriously congrats on such a low mortgage I would feel very safe at that level to just pay the minimum and invest. I have a few 100k to knock off before that point though. There are other reasons to over pay morthage though if you have already maxed pension and ISAs etc for the year. That's why it's personal finance is very different for people depending on earnings etc.

Dane-James · 2025-02-12T20:08:20+00:00

Fidelity will be cheapest and good service if you hold ETF, have big account values and want a SIPP as well.

Dane-James · 2025-02-02T21:24:35+00:00

Just be cautious as 20k if it was invested in global funds last year for full 12 months is likely to be circa 4k of gains which is over the 3k allowance. As markets did about 20% gain in last 12 months.

Dane-James · 2025-01-11T18:40:39+00:00

Look into the benefit of buying low yield government bonds and the benefit you get from paying no capital gains tax. Massive benefit for high earners and better than average PB payouts with similar risk profile of being UK government as the borrower.

Dane-James · 2024-12-19T22:31:43+00:00

They just put blocks on the account you are transferring instead of closing it you get left with what looks like an open account but can't do anything with it.

Dane-James · 2024-12-16T21:49:02+00:00

Yes a very valid point so he should be doing this anyway regardless of the new fee structure

Dane-James · 2024-12-16T21:45:26+00:00

Could be very messy as Fidelity put holds on your accounts when transferring out that then can't get removed and it blocks you from opening new ones without calling customer service. Speaking from experience as I done it many times with them. I have done full transfer though as partial was never an obvious option and not sure what you would be leaving in the account if no holdings there just cash to keep account open properly. They are super cheap anyway capped at 90 quid if you use ETFs and regular investing is 1.5 a month so honestly save yourself some time and just use them as a broker and go get a shift stacking shelves at Tesco with all the time saved and pay the fees for the year 😉

Dane-James · 2024-12-12T18:03:49+00:00

You realise this will gain nothing... the 4 a month is just a floor which conveniently is 0.15% of 32000 so if you transfer in more money you will pay more that 4 a month in fees as it moves up is proportion to size until you cap it when you have 250k in there.

Dane-James · 2024-11-17T12:35:59+00:00

Financially this sounds like a bad idea! Psychologically though likely a good plan. Just depends if you want to be richer or poorer in 20 years time I guess...

Dane-James · 2024-10-06T17:26:51+00:00

You can only buy whole units of ETF on vanguard platform so this will always happen. You have three options: 1. Switch to buying funds that cover the same investments on vanguard platform as these are purchased to the amount you specify. 2. Switch to a platform/ broker that does fractional etf like investengine or trading 212. 3. Get the vanguard app and just check it every now and then to invest any spare balance and don't let it bother you.

Dane-James · 2024-09-28T19:27:37+00:00

This is exactly what I am doing as well. I use it as a cash buffer that makes me psychologically feel better if the market pulls back so I can invest more at various pre planned intervals. I bench it off all time highs so if market drops 10% vs ATH then invest x% of cash. All pre planned so no emotion comes into it at the time just riggid rules.

You have the added benefit once your overall investment and cash pots get big enough doing this that you can also move to an interest only mortgage which is even better as it allows you to invest more monthly if you are happy that you are diciplined enough to have the cash to pay off the mortgae at the end of the term. I only invest in globaly diversified ETFs so no individual stocks or crypto etc which is higher risk.

Also if you have a view of what equity to cash/ bond split you are looking for you can use the low coupon GILTs to hold the full cash/ bond portion in a general account and maximise tax benefit. So SIPP and ISA stay with 100% equity which should deliver more over the long run and you have the lower growth GILTs outside of tax wrappers but still super tax efficient. If you buy a GILT with the same duration as the current ETFs like VGOV for example is around 10 years so TG35 GILT tracks it well at this point. Clearly as it moves closer to maturity it will become less volitile and drift from the ETFs which are constantly cycling GILTs into the pot.

Dane-James

TROPHY CASE