Is an ISA free?
If you are a UK resident, an Individual Savings Account (ISA) is a great way to build your savings tax-free. However, they are not free: as with any type of investment, there are costs. There are different types of ISAs, each with its own set of rules and fees. In this article, we are focusing on fees associated with stocks and shares ISAs.
ISAs are not free, there are costs. Don't forget to check out our top recommendations for best brokers for stocks and shares ISA.
Now let’s see the different ISA fees at Vanguard!
How much does an ISA cost at Vanguard?
Fees associated with a stocks and shares ISA account are similar to the ones you would to pay when holding a regular trading account with a broker. If you want to learn more about what these fees mean, check out our explainer.
Here are the common fees associated with ISAs in the UK:
Non-trading fees:
- Account fees: fixed amount, or a percentage of the value of the portfolio
- Custody fees: fixed fee charged for managing your account
- Inactivity fees: charged after a certain amount of time you stop using your account
- Deposit/Withdrawal fees: if you want to deposit or withdraw money from your ISA account, you might be charged
- Transfer fees: if you want to transfer your ISA from one provider to another, the provider you are transferring from may charge a fee
Trading fees, which are charged when you invest in an asset:
- It depends on what asset you trade and on which market
- Stamp duty is a government levy charged on the purchase of UK shares
- You might need to pay a conversion fee if your transaction requires a currency conversion
Let’s see an overview of non-trading fees at Vanguard and its closest competitors!
|
Account fee
|
No
|
No
|
No
|
|---|---|---|---|
|
Custody fee
|
No
|
No
|
No
|
|
Inactivity fee
|
No
|
No
|
No
|
|
Withdrawal fee
|
$0
|
$0
|
$0
|
|
Deposit fee
|
$0
|
$0
|
$0
|
Data updated on July 22, 2024
And here’s an overview of the trading fees:
|
US stock fee
|
Commission-free | $0 per trade for US listed stocks. Foreign equity has a 0.20% commission. | Free stock and ETF trading for stocks priced above $2, otherwise $4.95 commission plus $0.1 per share |
|---|---|---|---|
|
UK stock fee
|
-
|
-
|
-
|
|
EU/UK government bond
|
-
|
-
|
-
|
|
US Treasury bond
|
$0.0
|
$0.0
|
$10.0
|
|
Fund trading fee
|
$40.0 | $0.0 | $0.0 |
|
Stamp duty fees
|
0 | 0 | 0 |
Data updated on July 22, 2024
It's worth shopping around to compare fees and rates offered by different providers to ensure you get the best deal for your savings.
To do just that, check out our top recommendations for best brokers for stocks and shares ISA.
Our expert team here at BrokerChooser specializes in helping you find a broker that best suits your needs. We have reviewed over a 100 brokers based on BrokerChooser's unique methodology.
If you have any feedback or questions, feel free to contact us via email!
Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.
Further reading
- Does Vanguard offer ISA accounts?
- How can an ISA help protect your money from inflation at Vanguard?
Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.
