Share plc shares bring you more than just the prospect of dividends and capital growth, because your holding also entitles you to a rebate against dealing commission you pay when you buy or sell shares through your account with The Share Centre.
For every Share plc share you hold, you receive a quarterly 'dealing commission credit' of 3p, up to a maximum allowance of £300 per quarter.
At the end of each quarter (typically 5th January, April, July and October), this shareholder benefit will be paid to you as a rebate against dealing commission on orders made in that quarter through any of your accounts with The Share Centre. Rebates earned on dealing through an ISA will, because of HM Revenue and Customs regulations, be paid to your Share Account.
The rebate you earn will be a maximum of 30% of dealing commission on orders placed via the Internet, or 15% on orders placed by other means (excluding the quarterly automatic reinvestment). Any credit not used in any one quarter will lapse.
Let's say you hold 500 Share plc shares.
Each share earns you 3p in Dealing Commission Credit, so your total rebate will be worth up to £15.00, each quarter.
If in that quarter you bought and sold shares via the internet, paying a total of £50.00 in commission (excluding stamp duty etc), you will receive a rebate of £15.00 (equal to the full value of your credit.)
If you do the same level of dealing via the telephone, your dealing commission rebate would be £7.50.
Use the calculator to work out how much your shares will save you.
