Company Dealing Account - Rates & Charges
Commission Charges
Commission is charged per deal. Other charges and service restrictions may apply.
Online Commission - All investment types except non-IRS foreign securities, unit trusts and OEICs.
| Deals per calendar month | Commission | ||
| 1 – 5 | £12 | ||
| 6 - 10 | £7.50 | ||
| 11 and above | £6.95 | ||
Telephone Commission - All investment types except non-IRS foreign securities, bonds, unit trusts and OEICs.
| Deal value | Commission | ||
| £0 - £1,000 | £17.50 | ||
| £1,001 - £2,000 | £24 | ||
| £2,001 - £4,000 | £36 | ||
| £4,001 - £20,000 | £54 | ||
| Over £20,000 | £75 | ||
Commission will be negotiable on large size telephone deals (typically in excess of £100,000) for all Company Dealing Accounts opened after 30 January 2008.
The initial commission rate you pay in each quarter is determined by the number of deals you place in previous calendar quarters. Each time you hit a new tier, you will be switched to the lower commission rates with immediate effect. In order to remain at the new tier you must maintain the required number of deals per quarter. The calendar quarters run from January to March, April to June, July to September and October to December. The number of telephone and online deals you place are consolidated when calculating your deal count, but each method has its own commission rates.
Non-IRS Foreign Securities (telephone dealing only)
| Deal value | |||
| First £10,000 | 1.75% | ||
| Next £10,000 | 1.125% | ||
| Next £20,000 | 0.50% | ||
| Next £60,000 | 0.40% | ||
| Thereafter | 0.30% | ||
| Minimum for US shares | £45 | ||
| Minimum for non-US shares | £100 | ||
Automatic Dividend Reinvestment
Automatic dividend reinvestment purchases are charged at a flat rate commission of 1.0% (minimum £1, maximum £7.50).
Funds
The initial charge for buying funds through Funds Market is 1.5%. Other funds vary according to the fund manager.
There is no charge for selling Funds Market funds but there is a £15 charge per deal on the sale of non-Funds Market funds.
Taxes & Levies
Stamp duty or stamp duty reserve tax (SDRT) on all UK equity purchases is payable at the prevailing rate at the time of dealing.
The current rates are:
0.5% SDRT on all UK equity purchases settled through CREST, rounded up to the nearest 1p 0.5% stamp duty on all UK equity purchases not settled through CREST, rounded up to the nearest £5
Stamp duty on Irish registered stock is currently charged at 1%
The Panel of Takeovers and Mergers currently levy £1 on all UK equity transactions of £10,000 and over
Administration Fees
These charges are taken in arrears and apply per account.
| Administration fee | £25 inc VAT An additional £25 plus VAT for your overseas portfolio |
Other Charges
Account Closure/Transfers
| Closure of account | FREE | |
| Transfer out of shares | CREST: £15 per holding Non-CREST: £17.50 per holding |
|
| Remaining administration charges | Pro-rata up to date of closure |
Cash Management
| Cash withdrawal | FREE | |
| Wire charge | £20 + VAT |
Late Settlement
| Returned cheque fee/unpaid direct debit | £15 + VAT | |
| Late settlement penalty | £40 + VAT per overdue deal | |
| Referral to Debt Recovery Department | £25 (additional 8% if referred to an outside agency, minimum £15) + VAT | |
| Debit Interest | Barclays base rate + 3.5% |
General Administration
| Ad hoc statement or valuation | Free | |
| Copy of consolidated tax certificate | £17.50 + VAT (if requested after 3 months of sending the original) | |
| Duplicate contract note | Free, if requested within 6 months since deal £10 + VAT, if requested more than 6 months since deal |
|
| Copy of tape recording/telephone conversation transcript in case of complaint (if Barclays Stockbrokers is not at fault). | £20 + VAT | |
| Valuation for probate (per stock) | £10.00 + VAT |
|
| Withdrawal of stock as certificates | £25.00 | |
| Valuation for Probate | *First £100,000 – 0.15% of the value *Next £100,000 – 0.10% of the value *Minimum charge per holding of £5. For portfolios with more than 12 holdings - £3 per holding for each additional holding All requests are subject to VAT. |
Interest Rates
| Cash Balance | Interest Paid | |
| £0 -£500 | 0% | |
| £501 - £19,999 | 3.5% below Barclays base rate | |
| £20,000 and over | 1.75% below Barclays base rate |
We are changing our interest rates on cash balances from 1 August 2008
You can find the Barclays Base Rate printed in the Daily Telegraph and Daily Mail or by calling Barclays Bank on 0845 603 0845, hold for an agent and ask for the current rate. (Lines are open 8.30am-5.30pm Monday to Friday and Saturday 9am-1pm, except Bank Holidays. To maintain a quality service, phone calls may be monitored or recorded.)
All charges are correct as at July 2007.
