Investment Individual Savings Account (ISA) Rates & Charges
Range of Accounts | Account Overview | Account Details | Rates & Charges | Open an Account

Commission Charges
Commission is charged per deal.
 
  Online Commission - All investment types except unit trusts and OEICs
  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 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.

  Half yearly administration charge

Portfolio value of £7,500 or less: £30 per annum plus VAT

Portfolio value of more then £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.*
* For example, if your ISA value is £7,200, and this is made up of £4,000 of stocks & shares, and £3,000 of   Funds Market funds, the half yearly ISA administration charge would be 0.25% of £4,000. 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
*Excess over £200,000 – 0.05% of the value
*Minimum Fee £50 per valuation.

*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.
  Interest Rates
  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 August 2008.