ISAs, Does anyone use an equity isa?

[smilesandsun]

Hi Just wondering if you do or don't and your experience of it.

no one?

Yes. Mainly to invest in ETFs. What do you want to know?

Yes - I use L&G - I get an index tracker rather than a managed fund. Low fees and not reliant on skilled of fund manager. Good growth too, much better than cash ISA

Plus easy to do online

ok thanks.

The fees seem pretty steep on the ones Ive seen and if the index has a rubbish year (assuming a tracker fund) the fees may eat into any growth.

Any recomendations of ones with good fees? Especially if you want to select stocks/ or index

To select a broker check the comparison on monevator. They also have a list of the best index passive funds. I mostly do vanguard, highest rate I have is 0,22% but also have some very low cost HSBC tracker funds at 0.06%.

I use Alliance Trust because they don't do % fees only fixed fees.

I use stocks and shares ISA via Bestinvest. I use a combination of tracker and managed funds on the basis that managed funds can be actively managed in a downturn and I also drip feed contributions to smooth out price drops/increases. I like their platform - it is easy to use and there is lots of advice but it is probably personal preference.