Tbh i have the Sipp and isa. so if we could have a jisa and a working website i donāt think most of us would complain about this. i keep on seeing suggestions about employer contributions but how many companies actually support this as mine doesnāt
3 Likes
If this was communicated to customers along with increase notification
chief executive Adam Dodds said the environment had changed.
āWhen you spoke to us [in 2021], it was before we had revamped our plans. I donāt think the interest rate environment was the same as what it is now,ā he said.
'It seems pretty reasonable in todayās environment that you would see a bit of a increase in this plan.
'And then we give an option to our customers to maintain their current rate if they donāt mind paying upfront, because that gives us obviously more certainty as a business around the revenue so itās a bit of a win-win that way.
2 Likes
Another quick pointā¦ how many people just re-invest their dividends every month/quarter without a thought? Then look at how much it would cost you on a platform like HL or ii. My experience of ii suggests that instead of 5 or 6 re investments a month, Iād have to save them all up and do 1 to minimise the Ā£7.99 per trade fee. If not, Feb would have cost me Ā£31.96 in reinvestment costs on dividends of 56 quid in total on 4 div reinvests. So instead of putting 56 back Iād have reinvested less than half!
5 Likes
Just to add some detail.
dividend reinvestment on ii and HL are lower cost, though not free (though should be noted that there is no automatic dividend reinvestment option with free trade 
)
ii costs Ā£0.99 and HL its Ā£1 minimum or 1% of the transaction up to Ā£10
In the case of ii I believe this can be taken out of your monthly āfree tradeā money.
2 Likes
A really good option that would reduce peoples anger would be FT satisfying loads by offering the fee being paid inside ISA or SIPP. Many will prefer this as it is a hidden charge. I hate subscriptions and know many others will, so taken out of your pot is much better and cleaner for a bank statement.
This would also be good for long term customers who may struggle every month to pay but get them in the system and they may end up being very loyal big customers in the years to come.
For me, I like the yearly option and will go down that road whilst at FT but there are soooo many people over the last year or so that are really stretched and this will feel worse than it maybe is. Going to paying inside the ISA/SIPP would be a great option and I believe hugely beneficial long term.
If it was an additional option they could still use the old metric to compare to other companies as that is a clever trick they use to make the return look even better with FT.
3 Likes
For sure freetrade is still cheap where else are you getting a sipp and isa for this price. All we need is a bit more communication
6 Likes
Has that changed recently? Because about 18 months ago when I switched here, it was costing me 7.99 a trade to reinvest dividends or my free monthly trade that came with the 9.99 subscription
Agreed. Show us the carrot! 
I think that employer contributions are probably more useful for the self-employed than the employed.
ps Welcome to the community
1 Like
dividend reinvestment is an automatic reinvestment option. if youāre manually reinvesting dividends then itāll cost you the full price. the full details are here https://www.ii.co.uk/investing-with-ii/dividend-reinvestment
Exactly carnt think of one company that would do this
The automated options are by far the cheapest way to use HL. Commission on regular savings is pretty cheap as well. with the disadvantage being that you donāt control when the trade is made. I used to set up a regular savings option for the share I wanted to buy, and change it to something else the following month rather than doing manual trades
Article refers to changes coming into effect on 11th April.
Took the plunge and downgraded from Plus to Standard; removed 4k cash and placed in Chase account. Potential Ā£2 hike now a Ā£4 saving.
May reverse my decision if the JISA is added to Plus, but with no foreign shares and no Sipp, I donāt see the need for Plus.
1 Like
āYes I saw that article as well, interesting and the comments are now starting to trickle in, a basic unease about solvency has been voiced by at least two of them, my biggest worry now.ā
Thatās fair enough, but remember that the grass isnāt necessarily greener on the other side.
2008? Lehman Brothers? Banks ātoo big to failā?
Not a defence of Freetrade, as I, along with most if not all on here, have no real idea of their financial position. Just a helpfully meant reminder to the forum.
3 Likes
I assume you need to sell because 212 doesnāt accept transfers in-specie in or out of their platform?
However even if you could transfer I donāt think Russian assets can be moved at all never mind sold.
On the off chance it can be transferred youāll obviously need to go to a broker that supports in-specie transfers rather than 212
Maybe Freetrade could wave the fee due to the circumstances, but Iām not aware of any reason that they have to
I guess you could close your ISA accountā¦ not sure what would happen then with an assets thatās frozen 
Oh Iāll definitely be closing the account. Hopefully some solution can be found without any animosity as I do not intend to pay Ā£5.99 in perpetuity due to a sanctioned stock. They did transfer the remnants of the Eastern European ETF from the ISA to the GIA previously so it does seem like it can be done.
Itās grand, I sold up and moved my ISA over the summer. They moved my Evraz shares into my GIA so I have it sitting there and closed up my Freetrade ISA.
1 Like
Oh I wonder if thatās a solution. Youāre just moving wrapper then, so does it count as a ātransferā, Iād hope not. Hopefully thatās a solution they can provide
I think youāre right about communication. The internet has spread a lot of ideas about being sold or issues with insolvency because theyāve been tightening up finances. But at the moment tightening up a companies finances is just prudent, and looking at a potential sale isnāt necessarily a bad thing either. My company has been doing the same and weāre not going bankrupt. But without some continued communications around this kind of stuff, people often hear only the rumours.
3 Likes
Thatās reassuring thank you.
I see my posts are being hidden now. Glad for confirmation that Iām doing the right thing!
Annoyingly the way discourse works some forum users can hide posts by flagging them, or if more than one flags it it can get hidden automatically.
Hopefully itās unbidden I donāt see anything wrong with anything you said. You can also edit and itāll repost. Iāve had it happen to me in the past
3 Likes