Vanguard Have Increased Their Fees - The Details, The Maths, Should You Switch & More
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Vanguard Have Increased Their Fees - The Details, The Maths, Should You Switch & More
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About this listen
In this video I discuss the recently announced changes to Vanguard UK fees.
This took me by surprise.
In short, if you have <£32k on Vanguard's platform across your ISA, SIPP and GIA then you will be paying a £4 p/m fee from 31 January 2025 onwards. If you have >£32k then you are not impacted by this. This fee change also doesn't impact Junior ISAs.
In this podcast episode we run through the details of the fee change, the maths of it, who will be the worse impacted, whether you should consider switching or staying, and for those who will switch what platform and/or fund you should switch to.
Two specific platforms are appealing if you wanted to switch and I have linked them below.
Listen to the full episode for all the details!
- Trading212 - https://www.trading212.com/join/MMS (or use promo code 'MMS'). Affiliate link. To get free fractional shares worth up to 100 EUR/GBP, you can open an account with Trading 212 through this link. Terms apply.
- Invest Engine - https://investengine.pxf.io/LKKVEL (or use promo code 'MMS'). Affiliate link. Capital at risk. T&Cs apply. Minimum investment of £100. Must stay invested for at least 12 months.
These are both affiliate links, thanks in advance to anyone who uses them. T&C's apply, with investing your capital is at risk.
Timestamps:
0:37 - The Details
5:04 - The Maths
7:09 - Important Points
10:03 - What Should You Do
14:42 - What Platform To Switch To
17:55 - FTSE Global All Cap Equivalent?
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More investing:
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⚠️ Disclaimers: I am not a financial advisor and this does not represent financial advice, it is for entertainment purposes only. Please seek professional advice to get the best information for your personal situation. When investing, your capital is at risk and you may get back less than invested. Past performance does not guarantee future results.
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