Investment ISA - Rates & Charges
Commission Charges
| Deals per calendar month | Commission | ||
| 1 – 14 | £12.95 | ||
| 15 - 24 | £9.95 | ||
| 25 and above | £6.95 | ||
Telephone Commission - All investment types except unit trusts and OEICs
| Deal value | Commission | ||
| £0 - £500 | £17.50 | ||
| £501 - £1,500 | £35 | ||
| £1,501 - £2,500 | £50 | ||
| £2,501 - £20,000 | £65 | ||
| £20,000 and above | £75 | ||
The initial commission rate you pay in each month is determined by the number of deals you place in previous calendar months. Each time you hit a new tier, you will be switched to the lower commission rates. In order to remain at the new tier you must maintain the required number of deals per month. The number of telephone and online deals you place are consolidated when calculating your deal count, but each method has its own commission rates.
Automatic Dividend Reinvestment
Automatic dividend reinvestment purchases are charged at a flat rate commission of 1.0% (minimum £1, maximum £7.50).
Funds
The maximuminitial charge for buying funds through Funds Market is 0.5%. (as of 22 March 2010). 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.
Discount on ISA administration fee for Funds Market holdings in an Investment ISA
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 Charges
These charges are taken in arrears and apply per account.
| Administration Charge | Portfolio value of £7,500 or less: £30 per annum plus VAT Portfolio value of more than £7,500: £50 per annum plus VAT Fees will be charged six monthly in arrears. |
|
| Discounted administration fee for Funds Market funds | Funds Market funds don't count towards the value of your portfolio when the ISA administration charge is calculated*. |
* If you hold only Funds Market funds in your ISA, and your cash is less than £500, the administration charge is waived altogether.
Other Charges
Account Closure/Transfers
| Closure of account | £50 + VAT (Dealing and/or closure charges may also apply) |
|
| 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 |
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 | £20 + VAT conversation transcript in case of complaint (if Barclays Stockbrokers is not at fault) | |
| 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
The interest paid is banded, which means that the rates in the table below apply only to the portion of the balance within each band shown, not to your cash balance as a whole. Each band of your overall cash balance will receive different rates of interest as shown below, to give an overall blended rate.
Please note that our interest rates will move in line with changes in base rate. However, where the applicable margin would result in a negative figure, the rate will be zero.
| Cash Balance band | Interest paid on this band only |
|
| £0 - £999 | Nil |
|
| £1,000 - £12,499 | 4% below Barclays Base Rate |
|
| £12,500 - £24,999 | 3.5% below Barclays Base Rate |
|
| £25,000 - £149,999 | 2.5% below Barclays Base Rate |
|
| £150,000 - £249,999 | 1% below Barclays Base Rate |
|
| £250,000 and over | Barclays Base Rate |
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 September 2008.
