This is the current calculation for the Share plc shareholder perk, this is changing with effect from 6 July 2012. The amended shareholder perk is detailed below.
Current Shareholder Perk
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.
Please note: The Share plc perk is changing in the way it is calculated and comes into effect from 6 July 2012.
New Shareholder Perk
To obtain this discount you must hold 500 Share plc shares or more in your account with The Share Centre at the time of placing your deals, using our online service. You will receive 30% discount on all dealing commission paid across all accounts held under your Customer Reference Number.
This discount will reduce the amount of commission you pay at the time of the deal, for example:
| Value of deal: | £8,500 |
| Frequent dealing option commission: | £7.50 |
| Discounted commission: | £5.25 |
In this example you would pay only £5.25 in dealing commission.
Please remember: the discount of 30% against dealing commission is only available when deals are placed using our online service. It is not received in the following circumstances:
- Telephone deals
- Regular Invesing
- Automatic Dividend Reinvestment (both instant and quarterly)
- Customers on our Premium / Premium+ dealing options
