Legal & General

2.8

#31 of 47 Stocks & Shares ISAs

Website Fees Review

Overview

Legal & General is a British multinational financial services and asset management company headquartered in London. The firm provides insurance, pensions, investments, mortgages and lifetime mortgages, whilst managing assets for institutional and retail customers. Known for its stability and trusted reputation, L&G specialises in retirement solutions and protection products, serving millions of customers across the UK and globally.

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Fi Score This is a subjective score awarded by Financial Interest based on the account or platform's offering.

Stocks & Shares ISA

2.8

SIPPThis broker does not offer SIPP or we have not added it to our dataset yet.

N/A

Junior Stocks & Shares ISAThis broker does not offer Junior Stocks & Shares ISA or we have not added it to our dataset yet.

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Junior SIPPThis broker does not offer Junior SIPP or we have not added it to our dataset yet.

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Lifetime Stocks & Shares ISAThis broker does not offer Lifetime Stocks & Shares ISA or we have not added it to our dataset yet.

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Lifetime Cash ISAThis broker does not offer Lifetime Cash ISA or we have not added it to our dataset yet.

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Cash ISAThis broker does not offer Cash ISA or we have not added it to our dataset yet.

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Legal & General Offers

Legal & General welcome bonus

We're not aware of a welcome bonus for Legal & General at this time.

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Legal & General Fees & Review

Stocks & Shares ISA
SIPP

Stocks & Shares ISA

Fi Score rankingWhere this ISA ranks compared to other ISAs based on Fi Score 31

Fi Fee (£10k balance)(£100k balance)(£500k balance)Our unique calculation for comparable fees across brokers for each account type, based on a 10k100k500k portfolio. Your fees may vary. £25

ISA fee notes ^{Legal & General charges a flat, uncapped 0.25% account fee, which is a lot on larger balances. There's no commission to buy or sell funds and you can pick your own funds or have them select a fund portfolio based on your risk profile.}

Minimum account chargeThe minimum amount you need to pay for this Stocks & Shares ISA, excluding account fee reductions or discounts. £0

FX feeThe currency conversion fee when purchasing investments that aren't listed in GBP (£). N/A

In-specie transfersDoes the broker support the transfer of investments? Yes

^ETFs

Account fee on ETFsThe account fee you'll pay when investing in ETFs. N/A

ETF account fee capThe maximum amount you'll pay in account fees when investing in ETFs. N/A

ETF trading feeThe amount you'll pay to invest in an ETF in this ISA, excluding trading volume discounts. N/A

ETF regular investing feeThe amount you'll pay to invest in ETFs when using an ongoing regular investment. N/A

^{Mutual funds}

Account fee on fundsThe account fee you'll pay when investing in mutual funds. 0.25%

Fund fee capThe maximum amount you'll pay in account fees when investing in mutual funds. Uncapped

Fund trading feeThe amount you'll pay to invest in a mutual fund in this ISA, excluding trading volume discounts. £0

Fund regular investing feeThe amount you'll pay to invest in mutual funds when using an ongoing regular investment. N/A

^Shares

Share trading feeThe amount you'll pay to invest in company shares, excluding trading volume discounts. N/A

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The Legal & General Stocks & Shares ISA allows investors to choose their own investments in mutual funds. You're also able to select pre-built portfolios or opt for a professionally-managed option. This ISA doesn't offer individual shares, ETFs, commodities, or money market funds.

The account doesn't offer fractional shares – you must buy whole units of investments, making it harder to get your full deposit into the market.

This isn’t a flexible ISA, meaning you can’t withdraw and redeposit in the same tax year without negatively affecting your annual ISA limit. If you deposited £10,000, withdrew and then redeposited, your entire £20,000 ISA allowance would be used up.

In-specie transfers are supported, meaning you can transfer your portfolio from another investment platform – or to another platform – as long as the same assets are available on both.

Legal & General ranks joint-12th by Fi Fee for small investors (£10,000 portfolios), and they drop down to 34th for large portfolios (balances of £500,000). To invest, you’ll need a minimum lump sum deposit of £100 or an ongoing monthly investment of at least £20.

Legal & General charges a flat, uncapped 0.25% account fee, which is a lot on larger balances. There's no commission to buy or sell funds and you can pick your own funds or have them select a fund portfolio based on your risk profile.

SIPP

Fi Fee (£10k balance)(£100k balance)(£500k balance)Our unique calculation for comparable fees across brokers for each account type, based on a 10k100k500k portfolio. Your fees may vary. £25

SIPP fee notes ^{With the Legal & General 'Personal Pension' there's a limited choice of 5 mutual funds or a default managed option. The platform fee is 0.25% and an additional fund management charge of 0.31%.}

In-specie transfersDoes this SIPP support the transfer of investments? No

^ETFs

Account fee on ETFsThe account fee you'll pay when investing in ETFs. £0

ETF account fee capThe maximum amount you'll pay in account fees when investing in ETFs. N/A

ETF trading feeThe amount you'll pay to invest in an ETF in this SIPP, excluding trading volume discounts. N/A

ETF regular investing feeThe amount you'll pay to invest in ETFs when using an ongoing regular investment. N/A

^{Mutual funds}

Account fee on fundsThe account fee you'll pay when investing in mutual funds. 0.25%

Fund fee capThe maximum amount you'll pay in account fees when investing in mutual funds. Uncapped

Fund trading feeThe amount you'll pay to invest in a mutual fund in this SIPP, excluding trading volume discounts. £0

^Shares

Share trading feeThe amount you'll pay to invest in company shares in this SIPP, excluding trading volume discounts. N/A

^{SIPP features}

Employer contributionsDoes this SIPP allow contributions from your employer? No

Director depositsDoes this SIPP allow company directors to deposit company funds? No

DrawdownDoes this SIPP support drawdown? Yes

Legal & General's SIPP provides access to DIY investing (you can choose your own investments), ready-made portfolios, and professionally-managed portfolios. You can invest into mutual funds. This SIPP doesn't offer individual shares, ETFs, commodities, or money market funds (MMFs).

Investors can't transfer their investments in-specie, meaning they must convert to cash prior to transferring to another provider.

Fractional shares aren't supported, meaning you can only buy whole units of each investment. This can lead to leftover cash being sat in the account when making ongoing investments.

When it comes to a pension offering, this SIPP covers some of the major things you’d be looking for: drawdown is supported, but limited company directors can't deposit via their business and employers can't make contributions to their employee’s SIPP either.

Legal & General's SIPP ranks joint-5th by Fi Fee for small investors, though it drops down to 22nd for bigger investors.

With the Legal & General 'Personal Pension' there's a limited choice of 5 mutual funds or a default managed option. The platform fee is 0.25% and an additional fund management charge of 0.31%.

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