Unit trust charges and minimum investment

Hi,

I have the following quesions:

  • What is the usual minimum lump sum I can invest monthly into unit trust ? And as a lump sum ?

  • Am I better off taking out an online share mini ISA from smile or cahoot and buy third party unit trusts or should I open the ISA directly at Unit Trust Providers (in terms of charges) ?

  • When Cahoot or Smile advertise 12.50 per online dealing, does it mean I will have to pay this only once when setting up a regular monthly investment ?

Thank you Honore

Reply to
Bruno Haas
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30 per month or 500 lump sum is typical.

In general, the more people involved, the higher the charges. You should be able to find the level of charges in the small print. 5% on entry and 1% per year is possible.

It depends what your monthly payment invests in. If it stays as cash until you give instructions to deal, you will pay each time you give an instruction. If it goes into a fund I would expect the charges to be just the entry charge for the fund.

This page may help

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Reply to
dp

The minimum amount you can invest does not apply when you buy ISA's at fund supermarkets. Its always more expensive to buy units / OEIC's directly from providers compared to fund supermarkets. The best supermarket i have found is Fidelity

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Give us one good reason why you need to pay £12.50 to buy an ISA product.

Reply to
sidg

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