Fund and Share Account
Charges and interest rates

*There’s an added foreign exchange charge for overseas share deals, depending on deal size. See our overseas share dealing page for details.

Automatic reinvestment

If you’d like any share income automatically reinvested, we’ll reinvest your income when it reaches £10 per holding or the amount you choose. There’s no charge for this.

How to pay charges

There’s no need to remember to make any payments. Each month we’ll automatically take charges from cash in your account.

If there’s not enough cash in your account, we’ll sell some of your investments to cover charges. To sell shares, we'll charge £1.50 per deal. There is no charge to sell funds.

How much cash you need to keep available in your account depends on your investments. We’ll suggest a minimum cash amount for you, which you’ll be able to see in your account when you log in.

Other charges

• Government tax and levies (per deal)

  UK Stamp Duty	0.5% on purchases of UK shares (round up to the nearest £5 for residual shares)
  PTM (Panel on Takeover and Mergers)	£1 on UK share deals over £10,000
  Irish Stamp Duty	1% on purchases of Irish shares
  French Financial Transactions Tax	0.3% on purchases of certain French shares
  Spanish Financial Transactions Tax	0.2% on purchases of certain Spanish shares
  Italian Financial Transactions Tax	0.1% on purchases of certain Italian shares

• Telephone share dealing
  1% of the trade value, minimum charge £20, maximum £50.
• Direct Debit into investments
  You can set up a Direct Debit from £25 per month. There’s no charge for a Direct Debit into funds, shares and selected investment trusts and exchange-traded funds (ETFs).
• Account administration

  Made in addition to the charges above, where applicable.

  Cash withdrawals	No charge
  Account closure fee	No charge
  Limit orders	No charge
  Automated sales to cover charges (selling fund units or shares to cover fees)	No charge
  Quarterly statement and valuation (paperless)	No charge
  Quarterly statement and valuation (paper)	No charge

• Transfers

  Transfer out (as cash)	No charge
  Transfer out (as stock)	No charge

Other charges may apply in specific circumstances - see the terms and conditions for details.