Managed ISA - Rates & Charges
Commission Charges
Commission is charged per deal within your ISA.
0.75% (minimum £5)
Taxes & Levies
Stamp duty or stamp duty reserve tax (SDRT) on 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
The Panel of Takeovers and Mergers currently levy £1 on all UK equity transactions of £10,000 and over.
Management Fee
This charge is taken half yearly in arrears per account.
1.0% per annum plus VAT, maximum £250 plus VAT p.a.
Other Charges
Account Closure/Transfers
| Closure of account | £50 + VAT (dealing and/or transfer charges also apply) | |
| Transfer out of shares | £15 per holding for CREST stocks £17.50 per holding for all other stocks |
|
| Remaining administration charges | Pro-rata up to date of closure |
Cash Management
| Cash withdrawal | FREE | |
| Wire charge | £20 + VAT |
General Administration
| Ad hoc statement or valuation | Free | |
| 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 | £15 | |
| 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
| 0.15% gross on all uninvested cash | Paid at the end of each quarter |
