Charges checked on each provider's site, Charges checked
Interactive Investor fee calculator: ii vs HL, AJ Bell, Vanguard
Is Interactive Investor cheaper than HL, AJ Bell or Vanguard?
For funds, ii is cheaper than HL from about £20,600, AJ Bell from about £28,800 and Vanguard from about £48,000 (except about £100,000–£120,000). For shares and ETFs only, AJ Bell’s £42 ISA cap is cheaper at any size; enter your own portfolio below.
Updated
Your portfolio
on ii compared with Hargreaves Lansdown.
ii £72 a year (Core)HL £350 a yearii year one with referral £35.94
Numbers behind the chart
| Portfolio | ii | HL | AJ Bell | Vanguard |
|---|---|---|---|---|
| £10,000 | £72 | £35 | £25 | £48 |
| £25,000 | £72 | £88 | £63 | £48 |
| £50,000 | £72 | £175 | £125 | £75 |
| £100,000 | £72 | £350 | £250 | £150 |
| £250,000 | £180 | £875 | £625 | £375 |
| £500,000 | £180 | £1,500 | £875 | £375 |
| £1,000,000 | £180 | £2,750 | £875 | £375 |
The referral then waives six months of the Core fee.
| # | Provider | Platform | Dealing | Total a year |
|---|---|---|---|---|
| 1 | Interactive InvestorCore plan | £72 | £0 | £72 |
| 2 | VanguardVanguard funds/ETFs only | £150 | £0 | £150 |
| 3 | AJ Bellfunds 0.25%, tiered | £250 | £0 | £250 |
| 4 | Hargreaves Lansdownfunds 0.35%, tiered | £350 | £0 | £350 |
ii Plus dealing is shown after its £3.99 monthly trade credit, assuming trades are spread evenly across the year.
Where ii isn't the cheapest, for your mix and trading
- Hargreaves Lansdown costs less than ii under £20,600.
- AJ Bell costs less than ii under £28,800.
- Vanguard costs less than ii under £48,000 and £100,000–£120,000.
Computed from each provider's published charges (see “How this is worked out” below). A gap of £30 a year or less is shown as a close call.
Over 10 years at today's value
ii's total includes the referral's six free months in year one. Portfolio value is held constant, so this shows fee drag, not growth.
Where ii becomes cheaper, for your mix and trading
- ii is cheaper than Hargreaves Lansdown from £20,600.
- ii is cheaper than AJ Bell from £28,800.
- ii is cheaper than Vanguard £48,000–£100,000 and from £120,000.
If ii suits your portfolio, the referral waives the first six months of its fee: £35.94 on Core or £89.94 on Plus. Add or transfer £5,000+ within 12 months. Until 30 November 2026, ii’s separate £100–£5,000 cashback (minimum £20,000) can apply too. Details.
Capital at risk. New ii customers only. We may earn a reward if you sign up through this link. Full terms
- HL: funds 0.35% to £250,000, 0.25% to £1m, 0.10% to £2m, nil above; shares/ETFs 0.35% capped at £150/yr. Dealing £1.95 per fund, £6.95 per share trade (£3.95 at 20+ a month).
- AJ Bell: funds 0.25% to £250,000, 0.10% to £500,000, nil above; ISA shares 0.25% capped at £42/yr. Dealing £1.50 per fund, £5.00 per share trade (£3.50 at 10+ a month).
- Vanguard: £48/yr under £32,000, then 0.15% capped at £375/yr, on the whole portfolio. No dealing charge on its funds; ETF spreads aren't modelled. It only offers Vanguard funds and ETFs.
- ii: £71.88/yr on Core up to £100,000, £179.88/yr on Plus above. Dealing as shown; Plus includes £3.99 of trading credit a month, which referral customers don't get during the six free months.
- SIPP and Trading Account (GIA), checked : ii's plan fee covers every account, with the pension admin fee included. HL's SIPP and Fund and Share Account have the same charges as its ISA, applied to each account separately. AJ Bell's SIPP uses the same fund tiers with shares capped at £120/yr; its Dealing account matches the ISA (£42/yr cap). Vanguard charges one fee across all accounts.
- The mix splits your portfolio by value between funds and shares/ETFs, and each charge applies to its own part. Fund management charges (OCFs) aren't included; they're set by each fund manager, and HL says it negotiates discounts on over 500 funds.