The Best Stocks & Shares ISA in 2024
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- Опубликовано: 10 июн 2024
- Here are the best Stocks & Shares ISAs in the UK, based on a host of factors. I will give you my opinion and tell you which one I will be using, as well as cover a few others that might be worth considering.
Trading 212
trading212.com/promocodes/DAMIEN
If you do not get your free share after depositing £1. Use promo code DAMIEN, you will find it in the section with the three lines in the bottom right corner of the app.
Vanguard
www.vanguardinvestor.co.uk/
InvestEngine
investengine.pxf.io/eKR40z
Get a Welcome Bonus of up to £50 when you invest at least £100 with InvestEngine
Freetrade
magic.freetrade.io/join/damie...
Get a free share worth up to £100 when you deposit £50 on the above link.
Hargreaves Lansdown
hl.7eer.net/5gNBj2
Ajbell
www.ajbell.co.uk/
IBKR
www.interactivebrokers.co.uk/...
Review: uk.stockbrokers.com/review/in...
Iweb
www.iweb-sharedealing.co.uk/
Timestamps:
00:00 - Best S+S ISA
00:45 - Trading 212
04:38 - Vanguard
07:57 - InvestEngine
11:25 - Freetrade
13:07 - Hargreaves Lansdown
16:05 - AJBell
16:58 - IBKR
18:24 - IWeb
19:04 - Others
This video does not represent financial advice, and I am not a financial advisor. When investing, your capital is at risk. Investments can rise and fall and you may get back less than you invested. Past performance is no guarantee of future results. Free shares can be fractional for more information see these terms.
DISCLAIMER: Some of these links may be affiliate links. If you purchase a product or service using one of these links, I will receive a small commission from the seller. There will be no additional charge for you. Free shares can be fractional for more information see these terms.
This video does not represent financial advice, and I am not a financial advisor. When investing, your capital is at risk. Investments can rise and fall and you may get back less than you invested. Past performance is no guarantee of future results.
Thanks Damo! I have opened a Vanguard ISA last year as everyone was saying they were cheap and I trusted the name. I've never been into trading singular stocks, so T212 didn't really interest me. I didn't realise until this video that they had such a cheap ISA structure and will move over to them now!
You've been a great help for me, you've helped me change my investments in my work pension, pick the right stuff for my vanguard ISA, and now you're helping me save fees. Making a difference for people for sure
Sounds like you are doing so well! Glad i can be a help and well done for taking ownership of your investing journey. The tweaks and changes you have made will make a massive difference in years to come.
Me too. Thanks Damien, you really are helping educate us on all things financial management. 2 years ago I knew nothing other than my works pension and AVCs with another company partnered with my work pension fund.
I should probably look deeper into this. So a 20k fund would cost £300pa @.015% which is avoided with t212?
Hi Damien, for the Lifetime isa is there any one else you can recommend instead of H&L for buying individual stocks? As 212 doesn't offer this option.
Thankyou for your channel, great information 👍
@@BenGmanUk£30 not £300
Thanks for your content Damo! I was so unsure what to do with my savings, all I knew was having it in a bank wasn't good enough. You gave me the courage to do the research by breaking down your content into clear, understandable terms. It's because of you I have some decent investments going. I recommend your channel to my mates.
Love this! I am so happy i was able to give you the confidence to do this for yourself. Thank you for sharing the channel
Damo, thanks for another great video. I used last year's to select my ISA provider and will do the same this year. Small favour could you do a similar video on SIPP providers and general investment accounts - there is less on RUclips in respect of both of these and SIPPs in particular are quite important especially for the self employed.
I love how the proposed benefit of the Vanguard platform is " going straight to the supplier" cutting out the middle man. And yet you'll pay more in fees than if you use a middle man. Genius!
and also a supplier of indexes I mean there is some irony here XD
You can't get VAFTGAG elsewhere though
Thank you for the insight, your content has been invaluable for me over the last couple of years, all the best.
Thanks Damien! I'm also sticking with Vanguard for now.
I really enjoy these videos, really feels like the channel has gone back to its roots. Great stuff.
Great video, mate -- extremely helpful! Will you do a similar thing for best SIPP provider?
Thanks Damien great video, would love to see a similar video on SIPP providers and your thoughts on them on which are the best ones please, also a video in more detail about transferring an ISA and how it works and if fees apply to do so. keep up the great work i would of never invested my money if it wasn't for you so thank you.
opened my account with vanguard today after watching your videos for a while and found them to be very helpful. hope you continue to make these videos!
Thanks Damien for such consistently high quality content…once my kids are old enough that I can get them to care about investing, your channel is the first place I’m pointing them towards. Just a note on 212, I’ve been waiting for the new tax year to open an ISA but their terms and conditions still state that you can’t subscribe to any other stocks ISA inside the tax year….I’m sure they will update in due course, but currently the terms don’t match the new rules
Nice one Damo. I was hoping you do a roundup video like this and you came up with the goods. Great job! Oh, and happy new (financial!) year! 🎉
Thanks Damien, great content. I'm reasonably new to investing and watching your videos has helped a lot. Started on HL but opening T212 this year. Keep up the great work.
Let me know how you get on!
You’ve saved me tons of time researching all this. Thanks! 😊
Great informative content as always! 😁
Thanks mate, it’s truly insightful!
Another excellent video.
I'm with HL and have been for a while. Would you recommend moving all funds across to 212 or just changing to them for monthly investing ?
Helpful content as always Damo thank you!
Just what I was looking for. Thanks for this
Excellent thank you. If possible a LISA comparison video would be amazing!
Came here to say the same! I’m with Nutmeg still (some options were closed when I setup a couple of years ago) so would be great to hear if other options could be saving me some money or getting some added value in other ways.
Thanks Damo! Another great video with nicely balanced and reasoned opinions 👍🏻
Also, whilst requesting videos - could we have one on NHS pensions please? Love your pension vids, but being in the NHS they don’t really apply and I’m guessing a decent number would like a video since the NHS is the UK’a biggest employer! Please and thank you!
Excellent video Damo! I’ve been saving it until I had time to sit down and listen fully and it didn’t disappoint! Thank you so much for all the work you do researching and pulling this together for us all! I started with Vanguard after seeing one of your earlier videos (The Loft Archives), and now I feel I need to explore Trading212 further, particularly with the rules changes to ISA’S. I’m not sure myself. But have you done a walkthrough video before of T212? E.g. setup and purchasing a share? Like what you done previously with Vanguard. As I say, thanks again for all your hard work: the channel’s growth is testament to all your graft Sir, keep it up! 🙌
Damien, Im a new sub and I definitely think 2024 is your year!
You've helped myself and many others when it comes to financial side of things, your videos help inform us to make better financial decisions.
Keep up the good work!
Thanks for all the info! I was holding stuff in cash outside an ISA for way too long. Ever considered a vid on the best GIA, that will also help with annual tax information?
Cheers Damo, always a pleasure!
All comprehensive videos like this ever do is make me second guess, question and doubt everything I'm doing with my ISA/LISA's 😂😭
Ohhhh lorrrrd
That was a really informative yet concise summary- much appreciated. Given the relative complexity of Interactive Brokers, demystifying that site would be a real help if possible. Thanks for your great work.
Really helpful to breakdown and really bring forward the value of the newer cheaper alternatives.
These are great & informative videos. Keep posting 💪🏻
Thanks for your help Damien! Great video as always. Been using Trading 212 for a couple of months now and definitely a fan. Do you use any of the pre-made pies at all or have you created your own?
Hi Damo, great video as always thanks! Will you be producing an updated recommended lifetime ISA video for 2024?
Thanks for the great videos. Really helping me as a beginner investor.
For those querying the T212 isa agreement referring to a single provider, they had the following response when i emailed them:
'Apologies about this - it's a visual bug from our side. The new regulations are applied on our side too, thus why soon you'll see the amended form.'
Wow great content. This is exactly what I was looking for as I’m looking to get second S&S platform
Another great video Damo. Any chance of doing a video on your favourite world index funds?
Helpful video thanks. A detailed IBKR video would be great.
Great video Damien, you’ve answered my question to perfection,👌🏻 so a big thank you from me. Keep up the fab work you do for us that want to invest but get lost along the way.
Thank you.
Very helpful video.
Damo you manage to make this topic interesting. Incredible content. Will you be reassessing global index funds soon in a new video?
Thanks Damien. It would be great to do another video but with a focus on SIPPs 😎
Thank you!
Woke up looking for isa info and you read my mind 😊
great honest informative vid, 50/50 with IE and t212 just max funded both.. roll on 25/26 tax year
Used your link last week to set up a new T212 Isa
Thanks for the info! Literally had a new vanguard ISA set up directly to start next week! 212 it is
Great video as always! A detailed video on isa transfers would be great. Currently thinking of moving from HL to a lower fee platform 👍
I was gonna ask the same question....but unsure how transferring from say Vanguard to T212 would work, I mean how anything you have saved over the years is effected etc Seems a bit counterproductive to pay more fees than you need to. But it is like the unknown is a bit scary!! I had that before watching your videos years back now Vanguard ISAs are easy
Damien - another great video - idea for a follow up video - what happens and what to expect and deal with when transferring from one stocks & shares ISA to another. For example in specie or is everything sold and cash transferred and which of the providers you discussed today offer what options. Helping to understand how to consolidate, or spread providers, especially with the new ISA rules could be helpful.
Will depend very much on the individual providers used. If your moving to a platform that doesn't have shares for example they will be sold with your current provider. Many funds are not on all platforms whether it's because they are less widely traded or only featured on the platform.
Otherwise investments in the same funds should be switched to the new provider. I would not entirely be sure that a mixed portfolio wouldn't be sold and then the new provider buy back what it can to match value as close as possible.
You might also be charged for leaving but in general a new provider will cover several £100 of fees from your old provider.
Brilliant run-through, Damien! I'll be doing the same as you: IE and T212. Hard to see why I'd use anyone else!
Thank you for this video. Very interesting for someone who has no idea and researching
Ha, just in time! Your vids inspired me years ago to open an ISA with Vanguard and this video offer a very clear to follow update. Btw do you reckon the Dodl isa isnt a viable way to invest into the hsbc global fund at least? Sure,not quite 212 or IE cheap but Im guessing they are practically as solid as AJ bell itself (I suspect they share resources and are not strictly segregated by entity).
Thanks for the comparison it helps to see what the other options are. I’m with fidelity UK for the last 2 years now and I find it good to use (even though it might not be the cheapest). Can you include fidelity in your next comparison video please
Thanks Damien for a great video!
Could you please also cover ISAs provided by UK banks (e.g Lloyd’s, Barclay etc)? What are their pros and cons when compared with brokers that you’ve mentioned in the video?
Thanks!
Barclays fees are high and I disliked the fact that it's not immediately clear what the fees are, without wasting your time reading their marketing.
Great video. One of these on SIPPs would be really helpful also!
Great video Damo. Will you be doing something for JISA as well?
Great content Damien. Your videos have provided me with the background knowledge (and an understanding of what 'risk' means). When I try to explain to family and friends that investing doesn't mean you have to sit in front of a multitude of screens all day long risking everything you own 'Wolf of Wall St style' they look a me like Ive s#%t in their kettle! Ive downloaded compound calculators and done a shed load of research because of your videos and have identified that if you have many years of investing in front of you, you can invest in indexes that minimise/mitigate short term 'risks' by sticking with the plan. I now look forward to many years of investing and fingers crossed a cracking retirement at around the age 60. Goodbye to regular bank davings accounts and fixed term cash ISAs, and hello to stocks and shares ISAs (100% Lifestrategy). Many thanks!
ruclips.net/video/u3XkcbZW_DM/видео.html
Hey Damien! Love your content recently switched from Fidelity to Trading212 for 2024
Great information here!
Great video. It would be helpful to get an explainer on the differences, if any, of investing in index funds vs ETFs. As some platforms offer only the ability to invest in ETFs but not mutual/index funds.
Yep, that would make for a good video 👍
one thing I somehow learned from being on T212 a bit is that you get dividends, and dividends can be re-invested, and things tend to either give dividends or grow, I think?
Perfect video thanks!
Thanks for the content. Question: what platform would you use for a Lifetime ISA?
Great video damo, signed up through your link there for invest engine thankyou. In your opinion what split of ETF's would you invest in on a regular monthly basis? I'm thinking an s&p, indian and emerging markets? Thoughts ?
Hi Damo, another great video. Now that your ISA is going to be on trading 212 does this mean you will transfer your old ISA with vanguard over to trading 212 to have it all in one place or will you just keep it there?
Thanks for this review
Thank you, @Damien Talks Money! Great content, well done! I am new to your channel, but I must admit your videos are extremely informative and well-structured. I would like your view on investing in UK government bonds (gilts) and more in general about investing in Europen Government bonds to take advantage of the changes in the interest rates in the upcoming months from the Bank of England and European Central Bank. Which ISA account would you suggest for that? HL seems too expensive and Trading 212 does not give you the opportunity to choose the gilt you want (like it does for shares). Thank you in advance for your time.
Great video, thankyou as always for great content, for possible future video would be good to know the process to switch ISA to different vendors, currently using Fidelity which seem ok.
Yeah, waiting for this one
I think you are bloody brilliant! I have taken financially beneficial steps based on your content. Just want to say THANKS 😊
You legend thank you so much very generous
Excellent and timely video as I am looking to move my ISA. Thank you for all the research it must have taken. How about a similar one on SIPPs ?
Love your videos, always extremely informative. I see you don't talk too much about fidelity? Any reason? I currently use only them as an investment tool for my ISAs. Thanks
Thanks Damo, very helpful indeed
Cheers Damien. Well played getting this video out so early in the new tax year!
Thanks again for everything you do on here, I know you get paid for doing it, but it must be super-satisfying knowing you are helping so many people out. Just read the comments of how you are positively impacting people’s lives.
I can honestly say, that by switching out of my default pension fund (because of you sir!) I am literally tens of thousands of pounds wealthier than I was before. So… thank you!
And a shout out to the others as well like Ramin, Pete at Meaningful Money, Toby, Chris Bourne et al…
Great content as always!
Thanks mate!
Awesome video and great timing ! Can you do an in depth of Trading 212 they sound like my cup of tea !
Thx Damo. Question... Once far beyond the 85k covered by FSCS, which provider offers the best protections or is it best to spread amongst them?
Love this video as always. What would you suggest for people who have small ISA balances where the fees are ridiculous and that don’t offer transfer options? Is it worth selling to switch to a different platform ?
Very useful, thank you.
Great video Damo. I've been pretty loyal to AJ Bell as is who provides my LISA but i think for this tax year I'm going to try trading 212 now that i can use multiple ISA providers. This allows me more flexibility.
Thanks for the content!
So is Interactive Investor (ii) just that bad since it didn't even get a mention?
Can I just say that your channel and Tobys are the 2 single best channels on RUclips for UK people. Both are excellent. Been watching both for about 6 months now to help myself understand everything etc and started investing in January 2024 and yes I too wish I had started sooner 😂
Great overview, thank you!
When your SIPP reaches £250k, so meaning it hits the fee cap for Vanguard, would you move your ISA back over to Vanguard? If not, why not?
Great video thank you
Great video. Can u follow up with a LISA one as well.
Choice was v limited last year so ended up going with HL who are pretty expensive.
I hope you realise how much you're helping people like me who are completely clueless with this stuff, great content. You deserve to make a fuck ton of money mate, keep it up!
Excellent overview on these platforms and a very good selection. Different platforms are best for different investments. As someone who has money in mutual funds (bought years ago), Iweb is cheap, so I liked that it was included. I found the information on complaints about transfers in and out of Vanguard useful and would appreciate videos on the individual platforms that are more in depth. eg Where fees are charged, can you pay them by direct debit. (Having to keep topping up an account to do this is annoying). Can you select to reinvest dividends for particular investments, or is it a choice between reinvesting all dividends or reinvesting none?
Thanks Damien, another great video. Must be hitting the gym a lot, that boy in the corner is looking jacked 😂
I'm hoping you can help with a question I have, as you're my go to for trusted advice?
I've been investing in a Vanguard S&S ISA for about 2 years now, due to their reputation and low fees. However, I didn't realise the difference in fees between them and T212.
I invest £100 every Sunday without fail, pound cost averaging in to the S&P 500. I also hold a Global All-Cap Acc for my pension. If I were to transfer my Vanguard ISA to T212 (same Vanguard ETF) would my returns be impacted as I bought in at lower price points on the Vanguard platform? Or am I showing poor understanding? Hope this makes sense.
All the best mate whether you respond or not, looking forward to the next upload and podcast.
Great video...will be do a video sharing your investment funds/etf from last years and to coming year?
Great video mate 👍 I agree with you about the fund fees for the ETFs on Vanguard. I have three main platforms that I use, T212 (for all individual share purchases), Vanguard (for ETFs) and HL (for the LISA). My T212 has grown to a 6 figure portfolio of individual shares which is why I started investing in Vanguard for my ETFs. Although I can invest in the same Vanguard ETFs on T212 with no fees, for me it's about spreading the risk across multiple platforms. I would happily take the hit on the 0.1-0.2% ETF fees on the Vanguard platform rather than having one big portfolio in one platform. Granted they are all FCA regulated and all that jazz, just the thought of having everything in one platform doesn't sit right with me.
If you buy the etfs on trading 212 for example, you'll still have the underlying etf fees same as on Vanguard platforn. And still no buying or selling fees, just Vanguard's platforn fee of 0.15%
@@fredatlas4396 Ahh yes you're right. I didn't think of this. It doesn't mention it anywhere on the T212 platform but I just opened up the 'Key Information Document' for an ETF and it shows the ongoing charge on there. Now I feel even better about my decision of investing into ETFS directly though Vanguard 👍🏼
Great. I’ve signed up to trading 212 via your link. Thanks.
After watching you for months, I'm finally going to move my ISAs to ones that aren't charging me stupid fees - plus they are going to try and move them without converting to cash - thanks Damien
Hey great vid. Im still wrapping my head around how to use the TR212 and Vanguard platform i have a 212 account, not VGD. You have old vids with a how to but have the platforms changed that much to warrant a new how to vid. Or will those old vid still be okay?
Great video Damien. Could you do a follow up explaining what you need to do to transfer from an old investment ISA to a new one. I want to move my Freetrade ISA as it no longer looks such a good deal. I would also like to see a full video on interactive brokers app if possible.
Great video thanks.
Any chance of a similar up to date comparison of all the different SIPP providers? Maybe at different balance levels, as the best providers for a small pension may not be the best providers for a larger pension.
Damo, you're a brave lad flashing your lights in Tesco car park at this time of day. Will give this a watch later, have a good weekend mate.
Haha mate i am always there flashing my lights lad. Happy to have a meal deal anytime
🐕
There's a feature I think many youtuber didn't mention, is portfolio transfer. Trading 212 just now introduced the feature fully so I transfered all my 2022 ISA account from HL to 212. (have enough of HL's stock trading fee and high FX fee)
currently with plum but I'm looking at other options and this video helped a lot
Damo great content, about a year ago you helped me realize that my money sitting in a cash isa was doing nothing for my future, it was a real light bulb moment, I used vanguard and now have 2 years of ftse all cap index fund, I transferred my remain balance to vanguard a few days ago after it taking 1 1/2 months to move, after seeing your video I will transfer half to 212
Great video! Any reason why you didn't cover Interactive Investors?
Thanks Damo, another great and informative talk 👍🏼 I currently have a T212 Invest account.. Do you know if its possible to move the funds across to the T212 ISA account?
Your videos are really helpful! Could you make one on how to correctly use a credit card to improve your credit rating?
This is so so helpful!!! Thank you! I have an accounting background, am 'reasonably' financially literate, and find your channel super helpful.
Question: Are the fees you mentioned the same for SIPPs, or does the pricing change? Or is that a whole other video?
Keep up the good work!
SIPPs are often a whole other video. At a glance i think Invest engine and Vanguard offer very competitive SIPPs and i hear rumours of new ones coming to the market that will be very cheap but i will report on those when they land.
I think SIPPs have unavoidable regulatory obligations which means we are unlikely to see free SIPPs.
Hey Damian, great content is there any reason why a Interactive Investor wasn't covered as part of this?
Any chance you could do a video about who is best this year for a SIPP :) quality video yet again
Perfect timed video 😮💨
Brilliant content as always
I was toying with the idea of having a trading 212 isa alongside my vanguard isa, 100% going to do this now. I like my vanguard isa and dobt want to change things but will use the Trading 212 isa to try the Vanguard All World as i believe with them i can buy it fractionally where I cant on Vanguard (I hope thats correct lol)
I wasn't aware you could do this until now and like you I'll continue to invest into my vanguard isa but this year maybes only give vanguard 10k and put 10k into trading 212 where I could maybes put some into schd or even some individual USA stocks
What are you investing into VG? I have VAFTGAG but wanted to start a 2nd index on T212
Great video Damien, what do you think of the Barclays smart investor platform?
I have both my SIPP and ISA with Vanguard, but am taking the plunge and opening an ISA to T212 this year, to save on fees and add in a couple of individual stocks😁. I already have a GIA with them and like the platform.