Costs
ISA – costs
Dealing charges
| Type of dealing (purchase and sale) | Online/phone dealing charges | Inactivity fee |
| Real-time share dealing | 1% (£7.50 minimum) | No |
| Real-time dealing with Trader option | £7.50 | No |
| Stamp Duty | 0.5% payable on the purchase of UK shares. Other rates may apply to shares listed outside the UK |
| PTM Levy | £1.00 on all transactions over £10,000 |
| Unit Trust and OEICs | Any discount we negotiate for you on the initial fee will be used to buy additional units |
Trader option
| Charge per quarter | When |
| £20.00 + VAT | Setup date, then every quarter until you cancel |
Regardless of how many accounts you have, you pay a fixed amount for each transaction with the Trader option rather than a percentage of the investment.
Is the Trader option right for me?
DIY ISA – administration fee
The quarterly administration fee for a DIY ISA is based on the total value of your account, less the value of any Unit Trusts or OEICs you may hold as of the valuation date (on or around 5 January, April, July and October). It is payable in arrears and debited from your account.
| Per quarter, payable in arrears | 0.125% (£5.00 minimum) + VAT |
Funds ISA – administration fee
There is no administration fee for a Funds ISA.
| Funds ISA administration fee | 0% no charge |
Regular investing
| Standard charge | 0.5% (£1.00 minimum) |
How can regular investing help me?
| Quarterly Re-investment |
| 0.5% including VAT (£1.00 minimum), plus Stamp Duty. No minimum if contract note sent by email |
| Dividend Re-investment |
| 0.5% including VAT (£1.00 minimum), plus Stamp Duty. No minimum if contract note sent by email |
Other fees
| Cash transfer to your bank | |
| 3-day transfer Same day transfer Overseas (restrictions apply) |
Free £25.00 £50.00 |
| Cash transfer to your home | |
| By cheque | £5.00 |
| Share transfer for each shareholding | |
| Transferred in Transferred out |
Free £15.00 |
| Gifting fee | £5.00 |
| Gifting fee - spouse | Free |
| Gifting fee - charity | Free |
| Bounced cheque or unpaid direct debit | |
| Handling fee | £15.00 |
| Closing account | |
| Excluding dealing and transfer costs | £20.00 |
How do I pay fees?
Dealing charges and regular investing
Dealing charges are taken as part of each transaction.
DIY ISA administration fee
The DIY ISA administration fee is paid quarterly in arrears in January, April, July and October.
Trader option
The Trader option fee is paid when the option is first set up and then quarterly thereafter until you cancel it.
Other fees
Other fees are deducted from your account at the time of the individual transaction. We will contact you if there is insufficient money available to cover any fees due.
What if fees remain unpaid?
If you have insufficient cash available in your account to pay fees, the outstanding amount will be automatically deducted from the next credit to your account.
If outstanding fees increase over time, you will be able to see the amount owed via your statements. You can then pay into your account as normal to cover the amount owed.
Please note, we may write to you if the outstanding amount is not cleared and could sell investments in your account to cover the amount owed.
What interest is paid on cash in my account?
Interest is paid on cash balances at the Bank of Scotland Base Rate less 3.5% and is credited quarterly to your account.
All interest paid to ISAs is net of the H M Revenue & Customs' flat rate charge of 20%.
Want to reduce your dealing charges?
If you hold shares in Share plc you can get a rebate of up to 30% on your dealing charges.
01296 41 41 41
Apply now
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