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Costs and charges
Learn about costs and charges for our Stocks and Shares ISA and Share Dealing Account
We’ve kept our costs and charges low
Thinking about Ready-Made Investments instead? Read our fund range and investments guide (PDF, 208KB).
How it works
Every time you buy or sell shares, funds or other types of investments, you’ll pay a dealing commission, unless you are investing with our Regular Investment Plan, or investing internationally.
There are also administration charges for some of our accounts and other services, like reinvesting dividends or providing a replacement tax certificate.
Dealing charges
This is what you’ll pay if you trade. If you don’t trade, you won’t pay any of these charges.
We take your dealing charges from available money in your account.
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How much does it cost? Charge
Amount
Charge
UK Shares and Funds online trades
Amount
£5.00
Charge
Dividend reinvestment
Amount
2% of dividend (max £5.00)
Charge
TradePlans set-up charge
Amount
£2.00 per TradePlan (applies to trades within a Share Dealing Account only. £2.00 deducted from dealing charges when trade executes)
Charge
Foreign currency charges (international trades only)
Amount
1.5% of exchange rate
Charge
Stamp Duty (UK stock purchases only)
Amount
0.5% of value (1% for Irish stocks)
Charge
Spanish Financial Transaction Tax
Amount
0.2% on purchases of certain Spanish shares
Charge
Panel of Takeovers and Mergers (trades of over £10,000 only)
Amount
£1.50
Transfers
We don’t charge you to transfer in or out. Some providers won’t accept stock transfers, so you’ll need to sell holdings first. You can sell them online or we can do this for you for £5 per trade.
Fund charges
If you invest in a fund, you’ll also pay annual ongoing charges and transaction costs to the fund manager based on the value of your fund.
This is for managing the fund, including buying and selling other assets that the fund invests in. Fund managers take the charge from the value of the fund. The exact amount varies.
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Fund charges Charge
Amount
Charge
Typical ongoing charge
Amount
0.25% to 1.5% of your investment (exact charges are in the fund’s information documents)
Charge
Typical transaction cost
Amount
0.5% of your investment
Stocks and Shares ISA and Share Dealing Account administration charges
These are charges you pay for account management and other services.
We’ll take the charges for these services from your Share Dealing Account or Stocks and Shares ISA. If there’s no money available, we’ll take it from your nominated bank account.
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Stocks and Shares ISA and Share Dealing Account administration charges Charge
Amount
Charge
Other admin charges (voiding of ISA, repair of ISA)
Amount
£25.00 for each service
Charge
CHAPS/same day payment
Amount
£25.00
Charge
Paper copy of account statement
Amount
£12.50
Charge
Sell out dealing commission (if we need to sell some of your holdings to cover outstanding charges)
Amount
£10.00
Charge
Interest paid on Share Dealing/Stocks and Shares ISA cash balances
Amount
0.5% of your investment
Our interest rates
We do not pay you interest on cash balances held within your Stocks and Shares ISA or Share Dealing Account.
Cash balances
Any uninvested cash is held in a cash management account, which is part of your Share Dealing Account, ISA. This is not a bank account. We hold this uninvested cash in line with FCA rules, for your protection.
We receive interest payments, which vary, depending on the total balance held and market interest rates.
We use retained interest to develop our products and services.
How much cash should I hold?
You don’t need to hold a minimum balance.
You should make sure there is enough cash to cover charges when they are due.