The BEST Stocks and Shares ISA UK in 2024 (Detailed ISA Comparison)
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- Опубликовано: 3 июн 2024
- Top 5 Stocks And Shares ISA's For 2024:
1. InvestEngine - investengine.com/chrispalmer (Up to a £50 Welcome Bonus + up to an extra £2,500 transfer bonus)
2. Trading212 - bit.ly/41NxqGb (Free Share worth up to £100)
3. Hargreaves Lansdown - bit.ly/3QoJiaA
4. Vanguard - bit.ly/3kW4XNI
5. Interactive Investor - bit.ly/3JgfLxg
👉 Build a £100k Investment Portfolio From £0, As Fast As Possible: www.chrispalmer.co.uk
Best Stocks and Shares ISAS 2024 Guide:
00:00 Best ISA for 2024
00:58 Who's included?
2:36 Platform Fees
5:31 Trading Fees
8:00 Regular Investing
9:12 Reinvesting Funds
10:10 FX Fees
12:07 What's on the platform?
14:31 Fractional Investing
15:35 What's it like to use?
23:03 Research
24:39 Are they safe?
25:27 Company Age
26:43 Reviews
29:02 Customer Support
30:23 Welcome Bonuses
31:50 Unique Features
34:21 Multi Accounting
35:04 ISA Tier List
38:22 My ISA
I hope you guys find this useful! 🙏 This was the most work I've ever put in to a video, over 100 hours. I think the new formats so much more useful to see them side by side. You can download the full comparison here too 👉 chrispalmer.co (you'll be redirected to the downloads page).
Vanguard goes missing from A tier at 38:10 FYI
@@11Crack11 Thanks - luckily it's right at the end, don't get any option to edit it once it's live which sucks
Any chance of making the Stocks & Shares in an Editable Spreadsheet Format just like the other two Downloads? As it's currently in an Image Format.
Much appreciated.
Went to that downloads page but it's just a newsletter subscription. I tried to subscribe, thinking it will take me to download the spreadsheet, but it just refreshes the same page. It doesn't seem to subscribe me to anything either.
Try to make few research before letting anyone trade for you like I did ❤ Thank you Jesus, God bless America.
Fantastic, one of the leading channels I think for clarity and help.
Amazing video! Thank you ❤
This was easily the best ISA comparison video ive watch for this season...thanks very helpful
Glad it helped!
Very comprehensive and informative, thanks.
Thanks! I try to make them as detailed as I can.
Excellent overview. I will be sharing with others. I’m intrigued by your comment on Vanguard’s representation of Rate of Return. How did you calculate your return as 14%? Could you please do a video on how these platforms present performance and what might be alternative calculations to consider? Thanks!
An amazing video Chris. Thanks for helping people make better decisions.
Thanks appreciate it!
Amazimg video - thank you!
Hi Chris, thank you again as always. Such incredibly helpful guides and content.
I've gone for 212 this year but am now looking for a 'global growth ETF that excludes the US, distributing in GBP'
Do you have any thoughts or would you be able to do produce a video on it please. I'm too heavily weighted to the US in individual stocks and JGGI, so keen to have a world ETF that doesn't create a greater US overlap.
Brilliant brilliant brilliant video! Thank you so much!
Thanks 🙏 means a lot
Wow, incredibly comprehensive and consistent approach. That must have taken ages! Subscribed, looking forward to deciding where to move my SIPP.
Thanks! I'm working on the SIPP one next :)
Thank you in advance, I needed this video
No problem!
Chris thank you for your great efforts
Thanks Stephen, appreciate it 😊
Good. Best comparison vid around.
Appreciate it. It's hard when I see others just talking about a couple when these take so much effort in comparison, so it's great to hear, thank you!
Thank you for this incredibly helpful and well researched presentation!!!
Fantastics video btw! This might be a silly question but when moving your account over to another platform dont you loose the compounding interest acumilated in the previous account
If you can transfer in specie, between ISAs you will not be out of the market. It just means you can not trade for a few weeks until completion.
Transfer of a pension into a Vanguard SIPP took about 6 weeks, as the old provider was slow, and I was out of the market, so some compounding loss.
The only thing to bear in mind depending which platform is you will typically use historical data you've built up, but you won't lose the actual money :)
Thanks Chris, for me that was a perfect distillation of what I need to know, thank you for all that effort. Well done and keep going 🙂
Thanks Chris really appreciate it 😁
Hey Chris, i really enjoy you uploads, i find them very user friendly and easy to understand Great job..... I would like to know your opinion on the Plum app and how its ISA's stands against trading 212 and invest engine????
Hey! Thanks, appreciate it. They don't appear to have the funds I would personally buy so I'd much prefer to go for Invest Engine instead, or for individual stocks Trading212
Amazing video again
Thanks Andrew 🙏
Thank you and well done for another great video Chris! Would you also consider doing a similar Lisa video, please? Thank you in advance!
Thanks! I'll add it to the list 😊
Very well made and detailed video. Newly subribed 🎉
Thanks mate
This is so useful! Will you be doing similar videos on best SIIPs and Lifetime ISA? That would be amazing, I’m learning so much from your content.
Great video for the beginners who don't know anything in terms of investment and it's platform. Great job...
Great job Chris very informative. When you have 5 mins 😉 would you be able to do the same for 2024 sipps?
Thinking about it! I think it's definitely time for one, I just need to consider perhaps what should be included.
@@chrispalmer24 yes please. I need to link my dad your SIPP video to convince him to move
@@chrispalmer24would definitely like to have SIPP video as well that would really help as I’d like to move everything at the beginning of this financial year but need to know where! GREAT VIDEO on ISAs though thanks!!
Thank you for such informative video. Can you give your view of CMC invest trading platform?
Sorry never heard of it! I think it's a CFD platform which I wouldn't use
@@chrispalmer24 This is sister company of cmc markets for trading share with 0 commission. They have ISA ETF etc. Please check
Great video but one thing investors should be aware of is HL charges 0.45% for funds on top of the funds management fee. The £3.75 is just for stocks, etf’s and bonds. So if you plan to hold funds then maybe it wouldn’t be in second place
Very true. I hate that funds and exchange traded funds are treated differently! You wonder what fees some people are paying on there who don’t know 👀
@@chrispalmer24 I have a £27k portfolio of three funds only, in an ISA and I will stick to those funds for next 5 years. I invest a a small amount (£100 per fund) Monthly, I.e three transactions monthly.
I am currently with HL, and looking to transfer Which platform would offer me minimum charges ? ( including platform and dealing charges )
Hi Chris,
Thank you for doing this. Great video.
Not for ISA, but i remember last year Lightyear was one of your favourite platforms, why have you stopped including it in your reviews? Is there a reason we should avoid it?
Hi mate, really nice platform I’ll be doing some more with them soon, was hoping they’d have their isa for this comparison! Hopefully for the next one 🤞
Do Vanguard offer fractional shares on ETFs I thought they didn't, maybe I missed that upgrade
Hey mate, I have maxed my T212 ISA every year and have a large sum of cash which I'd like to deposit into a T212 general investment account to earn 5.20%. Would you say its better to deposit this cash into a T212 GIA (same provider as my ISA) or go with another broker for protection/safety purposes? Appreciate your views, thanks.
Brilliant 👏 👏 👏
Glad you liked it!
Invest Engine, do they allow trading in pre market and after hours?
Only during set hours which are between 2pm-7pm daily
Great vid, Chris. I can tell this must have taken ages to put together!
IE and T212 are clearly the best. I just can't think of a single reason to pick any other provider at the moment. Most people's reasoning for not liking them tends to boil down to irrational fear or misunderstsnding.
Thanks Tom, it was ridiculous 😅I think HL is pretty neat too now, although regular investing a bit clunky. If I didn't like the others so much, LISA, SIPP and ISA on one platform is quite appealing, think it's be a maximum of about £290 maxed out, not too bad. But had to call them to get funds added to the regular investing, which in fairness they did pretty quickly.
@chrispalmer24 agreed, not too bad at all. HL really doesn't deserve it's reputation as "medha expensive", it's all about navigating their fee structure properly
What’s the reason that you think Vanguard overstates your personal rate of return. Isn’t IRR a family standard metric?
When you switch providers, do you know how long your investment is out of the market for, or is it an instant transaction on a set date?
Depends if it's transferred as the holdings or in cash, it does usually take a few weeks to go through. If you are transferring your current positions, you'll still own them, just not be able to sell any.
Thanks for the informative video, Chris. I've had a Dodl account for a few months and am only able to add small amounts (about £40-50 a month), so now I'm thinking I should move that to an account like T212, if I'm being charged a minimum £12 a year in fees. Or is that not the best way to look at it?
Hi John! Yeah you could, it’s £1 a month so it’s not huge in the grand scheme of things but it is technically 0.5% of what you are contributing each month. You could swap it over but up to you!
Hi Chris, thanks for this video! I want to transfer my ISA over from Freetrade to T212 but as in-specie transfer is still not available, would you recommend transferring as cash or wait until in-specie becomes available? Thanks.
Hi Jekz! Hmm not sure how long it’ll be honestly up to you. I’d be tempted to just sell and get it over. I don’t think it’s an awful time to be out of the market but of course no one knows!
@@chrispalmer24 yeah that makes sense to just get it done, thanks!
Trading 212 blows every other option out of the water. The 5.2% interest is so good on top of everything else!
Definitely a close second for me, the interest is really nice. Have you seen the card coming too?
What is teh easiest way to set up recurring deposit from Bank Account without paying 0.7% fee? Looks like I have to manually transfer every month and then invest thereafter, am I missing something?
@@b-m-c Choose the bank transfer option (not the instant one), and it will give you a reference and bank details which you can then use to set up a standing order from your bank account!
No not really. You can get slightly more than that guaranteed with an overnight fund such as Lyxor Smart Overnight. You are losing leaving it in cash.
I find T212 to be very restrictive in terms of individual shares available. Interactive Investor RARELY don't offer a company I am looking for, and from member it was an ISA issue and not something they weren't offering
Do you invest in index funds? Assuming you prefer invest engine for those?
Yeah I do mostly (Invest Engine and Vanguard currently) I have some mixed in HL and Trading212 also
I don't think Vanguard offer fractional investing on their ETFs. Can you confirm this. Everytime? I but an ETF I have to buy the whole unit
Can you transfer a stocks & shares ISA and all the ££ in it from one provider to another? Given if you’re already well established with one ?
You can 👍 the only difference will be some let you transfer your holdings and some will make you sell and transfer as cash. I’ve sold and transferred and it’s never been an issue honestly
I dot understand the people who dislike the vanguard desktop website and say it look old and outdated, to me it look clean, modern and very usable and simple i could not ask for much more other than to be able to show your actual returns more clearly
It’s definitely one of the better ones, when people say that tell them to try Barclays 😂
Yes, it does the job and has mFA , who needs mobile app unless your trading frequently
@@coderider3022 And hopefully it'll be coming soon, the American app looks great.
Great video Chris ! Who would you recommend for a SIIP? I have trading 212 for my ISA but not sure on a SIIP. Also how does the tax relief work? I am not self employed so do not submit a self assessment.
I'll get on to the SIPP comparison next :) If you are in accumulation Invest Engine is great and you can get the same welcome bonus. Tax relief will get added when you contribute, or you can do it through salary sacrifice worth looking up as it'll be cheaper tax wise perhaps.
@@chrispalmer24 My company I work for already does a SIIP which I invest in. This was just going to be another private one myself :)
Does anyone know how do I reinvest the dividends I earn from stocks in Trading 212 automatically?
Put them into a pie and select the auto reinvest option
are you able to show some examples eg low/high cost platofrms if you do £100/£500 per month into a simple index fund?
Thanks I'll consider that for the next one 😀for now hopefully it's easy to work out with the fees I've mentioned
The Invest Engine interface score is overly generous. To do anything you have to email them. You can't change address, or email through the interface.
Thanks that's interesting, I just tried on Trading212 you can't either. Not sure why, thought GDPR or FCA Regulation but you can on HL
Do you know anyway to lower the £11.95 dealing charge on Hargreaves’s. Looking to pay weekly into VUSA but that dealing charge is a bit hefty. I like Hargreaves’s and want to stay with them but if there’s no other option I might just switch to vanguard themselves
Regular investing 🙌 £25 per month minimum (of your money) and no charge to buy it’s a great update. Not sure if it can be done weekly though you’ll have to double check
In the platform fees section you've got vanguard fees as 375/m but that's the annual cap no?
Yeah so it's a maximum of £45 per year for the Shares/ETFs - so I'm just dividing it by 12 to bring it in line with the others which are monthly, worth noting "Funds" i.e not ETF's are uncapped. Eek.
What about 'Moneybox'? Has stocks and shares, cash isa, Lisa and personal pension?
Hey Josh, they'd fall under robo investors to me - I'm not a fan of this as I feel it underperforms the market. They do have some DIY funds, but not the ones I would want, I feel most would fall at the first hurdle before getting to that part and just pick something like their cautious or balanced fund which I believe have underperformed
@@chrispalmer24 Hi Chris, what you don't like about it is just it's limited human contact and think underperformed the market? I was drawn to the app after my previous research as unlike most accounts has LISA so can have LISA, stocks and share accounts, cash isa, personal pension all in one account. I appreciate your guidance. Watched your other reccent videos and was drawn to watch invest engine. And look to use vanguard online on computer and hopefully they'll have uk app soon
@@chrispalmer24Hi Chris, Originally I was drawn to Moneybox because had a LISA, other isa and personal pension on one account.
I used vanguard before on laptop but hopefully their UK app released soon. Thanks I found the video very helpful I Was going to try out invest engine
Invest Engine are currently overdue on filing their accounts with Companies House. Not a good look.
I thought with HL the 0.45% fee only applies to ‘Funds’ & that there was no cap?
and the Shares / ETFs are capped at £45 per yr?
Yikes I nearly panicked then, lol. Here it is:
"While it’s free to hold shares in a Fund and Share Account, there’s an annual 0.45% charge which is capped at £45 per year for the Stocks and Shares ISA and £200 per year for the SIPP."
But yeah funds are uncapped I have a feeling that bit may have been cropped out in the edit, thanks for adding
They really don’t want you buying funds on HL.
Just a bit of a correction: the interactive brokers fx fees are 0.002% (not 0.2%). I think you got confused by the fx fee being listed as 0.2 basis points. But a basis point is 0.01%. So 0.2 basis points is 0.002%. Yes, I know this seems extremely low compared to the others but that’s what they are. They’re extremely competitive in this regard.
Thanks 🙏 you are right. Error on my part 👍
What about Trade Republic and Freedom24 ?
I don't believe either have an ISA?
Vanguard don’t do fractional ETFs , they do fractional index funds in my experience
Thanks - I should have said everything on there is Fractional - including stuff that isn't index funds too
I use plum, really user friendly. Never really hear anyone talk about it though, which does worry me slightly 😅
How much are you paying? Seems you can get 0.45% reduced to 0.10% with a subscription? Do they have the all world fund? It’s hard to see from the site. Seems okay but seems a little pointless to have over invest engine to be honest just paying extra fees for no real reason, nice UI though I used them for saving
@@chrispalmer24 I currently just have their basic account, so don't pay any monthly subscription. I don't think they have a global index fund from what I've seen. The main ones I've invested in are S&P, FTSE UK, FTSE Europe, Global Tech and emerging markets. I remember getting recommended to plum a couple of years back when I was very new to it all. Was a nice route in for a beginner. But I'm now wondering whether I should switch to trading 212 or Vanguard 🤔
Just tried to open LISA with Dodl, and it says that currently its open only for a UK citizens, what a shame... -.-
I would imagine so because it's a UK scheme so you'd need to be a resident to take advantage of it? May be worth reaching out depending on your situation.
It's not just UK residents, it explicitly says UK citizens (and resident) only @@chrispalmer24
hargreaves SIPP team is poor been there - they are kind of up their ass when trying to get help but ISA team is pleasant to speak too
Oh wow that’s interesting. I’m surprised it’s a different team? When wanted help recently my request did get sent to the “regular investing team” which I was surprised by
Aren’t the HL fees tiered and one of the most expensive?
0.45% on £250k, 0.25% on value between £250k and £1m and then 0.1% on £1m-2m with nothing thereafter. So if you had £2m as your fund you’d be paying £1k/month?! The cap is for purchase of each share, fund etc
Only on "Funds" - ETF's and Stocks are capped at a maximum of £45 per year, or £3.75 per month 🙂
@@chrispalmer24so does your video assume you’re only investing in ETFs and shares and no “funds”? You can still buy “funds” within your stocks and shares isa account on HL?
Why no mention of IG
To be honest probably one of the least popular in previous years so I excluded them. You can use this as a benchmark to compare them to though 👍
£3/per trade for IBKR? Thats incorrect.
This is where it's come from: "Low Commissions: Our commissions start1 from just £3/€3 per trade for the UK and most European stocks, while US stocks start from just USD 0.005 per share." www.interactivebrokers.co.uk/en/trading/isa-accounts.php
iWeb?
I removed them because they weren’t very popular. They are in my old ones if you want to check them out or use this as a benchmark.
A key thing with IWeb is the ability to buy individual UK Gilts, which isn't available on many platforms.
@@dominic8072 That's interesting thanks!
iWeb are great, have my isa with them which is made up of four index funds so not complicated. I pay no platform fee and £5 per trade which again has been nothing as I just leave it all be, but if I do need to rebalance it will be cheap.
@@mikew5274Good to hear. I have just opened one for this tax year moving isa (dev world ex uk) over to it. I am attracted by the no platform fees but also the variety of funds not available on VG. I am looking to drop 15% of my total portfolio into L&G Global Technology. Yes it is all time high, but long term ok I believe as tech is threaded through all aspects of human life now.
Halifax, Halifax, Halifax and your done. Goodbye.
Pretty high fees. What do you like about them?