Your absolutely right. All except one of the dozen or so I checked out today have some sort of hidden fees structure. In fact most have straight annual admin fees.

The only one I found which had no ISA administration fees or inactivity fees was http://www.iii.co.uk. They also make it very easy to transfer any existing share you may have across into your ISA trading account.

m

Trading through an ISA saves not only capital gains but also income tax – great.

The question you have to ask is how much they charge for the ISA – most ISAs have FEES – annual and reoccurring fees and sometimes they have management fees and sometimes trading fees and sometimes put-the-kettle-on-and-lets-have-a-cuppa fees.

If they don’t charge an ISA fee how are they making their money? Most people buy shares in an ISA and let them sit there earning (they hope) a tax free income and capital gain and pay the fee.

The Trader