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Original poster

Any platforms where you can hold shares for no/or small % fees

20 replies

marshmallowmix · 30/01/2025 13:13

I have some shares that I hold in an ISA on Interactive Investor I have had them for years and I am holding in case they ever gain in value...they charge £4.99 per month, anyone know of any platforms that are fee free or a very low %.

The holding is low value so paying this doesn't not make sense, don't want to just sell in case they ever rise and I recoup losses.

OP posts:
InveterateWineDrinker · 30/01/2025 16:38

AJ Bell charge 0.25% on share holdings, but there is a max of £3.50 per month.

Original poster
marshmallowmix · 31/01/2025 09:36

Thanks I’ll take a look at these …do you know if you can do an transfer over the shares are held in an isa? Thanks

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InveterateWineDrinker · 31/01/2025 09:54

Most ISA providers will allow you to transfer any stocks from another ISA in specie, but if they can't transfer the share itself it can be sold and the cash transferred. That way you preserve your previous years' allowances.

If you sell existing shares, withdraw the cash, and then put that in a new ISA it will use up your current year's allowance.

Original poster
marshmallowmix · 31/01/2025 13:53

@InveterateWineDrinker yes I don't want to sell as that will use up/eat in to this year's allowance.

This is an old ISA that justs tots there, I think in specie is what I need to to so transfer it as is without selling and re-buying...I don't want to sell and re buy as the shares were bought years ago so I'd lose out on what the price is now and end up wiht far fewer shares...

Am thinking of using Trading 212 , anyone used them? Thanks🙂

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KarmenPQZ · 04/02/2025 22:10

I don't want to sell and re buy as the shares were bought years ago so I'd lose out on what the price is now and end up wiht far fewer shares...

not sure whether I’m being stupid here are you are. But surely it doesn’t matter how long ago the shares were bought. You’d sell them at today’s price and buy them back at today’s price. They’re be a bit of fees but you’d end up with almost the same?

Original poster
marshmallowmix · 05/02/2025 09:51

@KarmenPQZ if I sell them now and buy again I will pay the current share price to buy the shares so I will have far fewer shares in number...the value of what I am selling then buying will be the same but the number of shares held will be a lot less as the share price is higher now...

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Original poster
marshmallowmix · 05/02/2025 09:52

that is my take on it...anyone 🤔else

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InveterateWineDrinker · 05/02/2025 09:54

If you sell and repurchase immediately then you'll have the same value less dealing costs and stamp duty.

BUT, you'll have to eat into your current ISA allowance to do so.

Original poster
marshmallowmix · 05/02/2025 09:59

Yep I know I have ISA allowance to use up...i will have less actual shares though as I am buying back at a higher share price, yeah?

OP posts:
InveterateWineDrinker · 05/02/2025 10:06

If, at the start, you bought 100 shares at £1 each, that would have cost you £100.

If they have gone up in price to £1.20 your holding of 100 shares is worth £120. If you sold them all, realised £120, and re-purchased them at the current price of £1.20 that £120 would still buy you 100 shares.

But you'd pay dealing fees and stamp duty, so unless you added more cash to pay those, you'd have fewer as some of the sale proceeds would be kept back to pay them.

Chewbecca · 05/02/2025 10:25

No, if, today, you sold 5 shares at £100 then had £100 to spend on shares, you would buy 5.

However there are fees and stamp duty to take into account. And CGT if you talking more than a few £££.

Original poster
marshmallowmix · 05/02/2025 10:54

it is way below the CGT allowance

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MisoSalmonForLunch · 05/02/2025 11:12

marshmallowmix · 05/02/2025 09:59

Yep I know I have ISA allowance to use up...i will have less actual shares though as I am buying back at a higher share price, yeah?

Nope. As PP have said, other than some dealing costs you will end up with the same as you have now.

Honestly I would just sell and move on. Not wanting to sell something just because it might go up in future is called the Endowment Effect. It’s a common investing mistake. Unless you would willingly go out and buy these shares today, you probably shouldn’t own them.

KarmenPQZ · 05/02/2025 14:07

You sound a bit clueless. How can you not see you’d have the same number of shares…. Not meant in a mean way.

I understand the want to keep them as shares but that’s an emotional response and not logical at all.

Also having shares in one company (assuming this is what you have) is a terrible idea. Invest in a fund or tracker which is diversified is a much better plan. (and I know this from experience of getting stocks from work and needing to be very sternly told by a friend to sell them immediately and not to even consider keeping them as shares)

Original poster
marshmallowmix · 05/02/2025 15:04

No need to say that 😟I was trying to get some help.

I agree with you re the shares, they have sentimental value I was given them years ago hence why I’ve held them…

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KarmenPQZ · 05/02/2025 15:25

Sorry I tried to say it as gently as I could. It really boggled my mind that you couldn’t see it. Genuinely not meant to be mean.

it is tough if they have sentimental value but honestly any financial advisor wouldn’t recommend keeping individual shares for sentimental reasons.

Original poster
marshmallowmix · 05/02/2025 16:20

No problem 🙂

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Original poster
marshmallowmix · 05/02/2025 20:16

Had a brain fog moment and harassed 😕

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