Investment ISA - Rates & Charges
Commission Charges
Commission is charged per deal.
| Deals per calendar month | Commission | ||
| 1 – 5 | £12 | ||
| 6 - 10 | £7.50 | ||
| 11 and above | £6.95 | ||
Telephone Commission - All investment types except unit trusts and OEICs
| Deal value | Commission | ||
| £0 - £1,000 | £17.50 | ||
| £1,000 - £2,000 | £24 | ||
| £2,001 - £4,000 | £36 | ||
| £4,001 - £20,000 | £54 | ||
| Over £20,000 | £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 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.
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. |
| Cash Balance | Interest Paid | |
| £0 -£500 | 0% | |
| £501 - £19,999 | 3.75% below Barclays base rate | |
| £20,000 and over | 3% below Barclays base rate |
We are changing our interest rates on cash balances from 1 August 2008
All charges are correct as at April 2008.
