I am about to transfer my ISA's/PEP's out of Redmayne Bentley the S/Brokers. To do this they require £60+vat and an additional £10+vat for each stock.
What I would like to know is a PEP something totally different from an ISA? If it is then they will require an extra £60+vat.
Does anyone out there know for sure as to whether I shall be hit twice for the £60+vat??
2007-02-23 04:37:41 · 2 answers · asked by greatbrickhill 3 in Business & Finance ➔ Investing
Yes, PEP's are different from ISA's = 2 separate accounts, so 2 lots of annual charges (& 2 sets of transfer charges).
Some Brokers even keep each year's ISA in a seperate account !
NB. I believe the rules are changing & you may soon be able to merge your PEP & ISA together into a single account.
2007-02-25 23:35:42 · answer #1 · answered by Steve B 7 · 0⤊ 0⤋
They sound like thieves.
Don't ever buy any financial thing without comparing all charges.You'll be amazed at the differences.
Read The Motley Fools Guide to UK Investing, it'll open your eyes. It did mine anyway. I don't trust any so 'adviser' one whit.
2007-02-23 04:50:41 · answer #2 · answered by #+%? 3 · 0⤊ 0⤋