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Our app makes it easy to keep an eye on your pension and plan for the future.
Costs and charges
Charges for our Stocks and Shares ISA, Share Dealing Account and Self-Invested Personal Pension (SIPP)
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% of your investment
SIPP administration charge
It’s charged monthly and is based on the value of your SIPP investments on the last working day of each month.
The charge is capped at £16.50 per month.
We’ll collect the charge monthly, usually within five working days of the prior month end.
We’ll take it from the money in your SIPP. So make sure you have enough cash to cover the charges when they’re due.
If you close/transfer your SIPP part way through a month, we won’t apply the monthly charge.
Find charges for SIPPs opened before 25 October 2024 with iWeb
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SIPP account charges
SIPP account charges Charge
Amount
Charge
Set-Up
Amount
Free
Charge
Annual SIPP administration charge
Amount
0.25% of the value of your SIPP investments, capped at £16.50 a month (£198 per year)
Charge
Holding cash
Amount
Free
Charge
Transfer in of another pension scheme
Amount
Free
Charge
Transfer out to another registered pension scheme or Transfer out to a Qualifying Recognised Overseas Pension Scheme (QROPS)
Amount
Free
Charge
Ad hoc statement or valuation on request
Amount
£12.50
Charge
Interest paid on SIPP cash balances over £1
Amount
Charge
Sell out dealing commission (if we need to sell some of your holdings to cover outstanding charges)
Amount
£9.50
SIPP Income Drawdown charges
SIPP Income Drawdown charges Charge
Amount
Charge
Flexi-access drawdown
Amount
Free
Charge
Capped drawdown before age 75
Amount
Free
Charge
Capped drawdown from age 75
Amount
Free
Charge
Annuity purchase
Amount
Free
Charge
Designate additional funds to drawdown/review income levels
Amount
Free
Charge
Convert from capped drawdown to flexi-access drawdown
Amount
Free
Charge
Take a one-off payment (Uncrystallised Funds Pension Lump Sum)
Amount
Free
Charge
Closure charge through drawdown or lump sums (for example UFPLS) where the balance is under £1,000
Amount
Free
Charge
Payments on death or if your pension is to be split as part of a divorce
Amount
Free
Charge
CHAPS/Same day payment
Amount
£30.00
Our interest rates
We don't pay you interest on cash balances held within your ISA or Share Dealing Account.
Read about interest rates for our Self-Invested Personal Pension (SIPP) accounts.
Cash balances
Any uninvested cash is held in a cash management account, which is part of your Share Dealing Account, ISA or SIPP. 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.
For SIPP we currently expect to retain between 0.70% to 1.20% over the next 3 months.
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.