Charges

Dealing charges

Online trading

All of our online commission charges for UK, international and fund trades are set at a flat rate of £12.50.

Online trades

£12.50 per trade
Regular
investments
£2.00 per stock (purchases only)
Foreign currency charges* 1.25% per trade (international trades only)


Telephone trading

All of our telephone commission charges are for UK, international and fund trades.

Telephone trades £25 per trade
Share certificate sales
Deals are charged at 1.25% of the deal value (minimum £25, maximum £125)

Regular investments in funds
(purchases only)

£2.00 per stock (purchases only)
Foreign currency charges* 1.25% per trade (international trades only)

*In addition to your dealing commission, foreign currency conversions are required to facilitate the settlement of international transactions. We will apply a charge of 1.25% either side of the available exchange rate when buying and selling international securities. The available exchange rate is based on the exchange rate provided by Digital Look. Indicative exchange rates are provided prior to trading, and the rate applicable to the individual trade is confirmed on the contract note once the deal has been completed.


What else do you pay?

UK trading
When you buy UK stocks, you also have to pay a form of tax called Stamp Duty or Stamp Duty Reserve Tax. This is 0.5% of the value of the investments you buy (1% on Irish stocks). You do not pay Stamp Duty on AIM stocks or Exchange Traded Funds.

Fund trading
Fund Managers may apply an Annual Management Charge (AMC) on the value of the fund holding. This charge is built into the price of the fund. Please consult the Key Investor Information Document (KIID) for your fund at www.halifaxmarketwatch.co.uk for more information.

Over £10,000
If you buy or sell any investments worth over £10,000, you pay a levy of £1.00 to the Panel on Takeovers and Mergers (PTM).

Administration charges

These charges are valid for all Halifax Share Dealing accounts excluding our Self-Invested Personal Pension (SIPP). View our SIPP charges.

Stocks & Shares ISA admin charge £12.50 per year
Transfer out of shares electronically to another stockbroker £25 per investment (max £125)
Transfer shares in from another broker FREE
Transfer out of shares electronically from your ISA to another ISA manager £25 per investment (max £125)
Transfer in of shares from another ISA manager FREE
Transfer in from an approved sharesave scheme FREE
Transfer in of share certificates FREE
Cash withdrawal by cheque £12.50
Cash withdrawal by electronic transfer (BACS) FREE
Insufficient funds £12.50
Annual Consolidated Tax Certificate FREE
Copy of Annual Consolidated Tax Certificate £12.50
Ad hoc statement or valuation (on request) £12.50
Certificated withdrawal of stock (Crest eligible stock only) £25 per investment
Voiding of ISA £12.50
Repair of ISA £12.50
ISA closure fee FREE
Participation in selected corporate actions – rights issues, open offers and offers for subscription

FREE

Probate valuations £12.50
Distribution of assets (following executor instructions) £12.50
Lodging a Bankruptcy Order/Voluntary Arrangement £12.50
Lodging a Power of Attorney £12.50
Annual account statement/portfolio valuation FREE
Dividend reinvestment 2%, maximum £12.50
Dividend collection and payment FREE
Overdue payment/stock chaser letter £12.50 per letter
Attendance at shareholder meetings (on request) FREE
Arrangements for proxy voting (on request) FREE
Annual reports (on request) FREE
Shareholder benefits (on request) FREE

SIPP Establishment and Administration

Set up Nil
Transfer in of another registered pension scheme £50 per transfer (maximum £300 per SIPP)
Quarterly Administration Charge (see note 1) £18.75 for fund value of less than £50,000
£37.50 for fund value of £50,000 and above
Insufficient funds e.g. to pay benefits or charges £25
Transfer out to another registered pension scheme or annuity purchase £75

SIPP Benefits

Income Withdrawal (see notes 2 & 3)

 - Income drawdown to age 75, or

- Income drawdown from age 75

 

£150 per annum, payable annually in advance

£250 per annum, payable annually in advance

Designation of additional funds to existing income drawdown fund (see note 3)
£75
If you register for flexible drawdown pension (see note 5) £75
If you close your SIPP through flexible drawdown or trivial commutation £75
Payment of death benefits Time/cost basis

Notes:

1. Payable in arrears at the end of March, June, September and December.

2. The annual income withdrawal charge will become payable immediately where funds are designated to provide USP, even if you elect to take "nil" income.

3. No additional charge is made when the first funds are designated to provide unsecured pension.

4. All charges are subject to VAT in addition (currently 20%).

5. Applies only on initial set up of flexible drawdown entitlement. The fee is separate and, where relevant, in addition to income drawdown fees.

6. All charges except the transfer charge will be deducted from your SIPP.

7. These charges may be shared between AJ Bell Management Limited and Halifax Share Dealing Limited.

Trading charges

Dealing and stockbroking administration service charges are payable in addition to the Halifax Share Dealing SIPP administration charges. These can be found in the Charges section and below.

Other administration charges

Transfer out of shares to another pension provider £25 per investment (maximum £125)
Re-investment of dividends 2%, maximum £12.50

Interest rates

Accounts with interest paid net 

Product Balance AER Interest Rate (Gross) Interest Rate (Net)
Share Dealing Account £1 to £999.99 0% 0% 0%
£1,000 to £9,999.99 0% 0% 0%
£10,000 to £49,999.99 0% 0% 0%
£50,000 to £99,999.99 0% 0% 0%
£100,000 and over 0% 0% 0%

Accounts with interest paid gross

Product

Balance AER Interest Rate (Gross) Interest Rate (Net)
Self-Select Stocks & Shares ISA* £1 and above 0% 0% N/A
Self Invested Personal Pension (SIPP)** £1 and above 0.5% 0.5% N/A

All prices are correct from June 2014

* Under the ISA Regulations we must deduct a flat rate charge of 20% from any interest gained on your Self-Select Stocks & Shares ISA and pay this charge to HM Revenue and Customs.

**Please note that the interest rate payable on our Self Invested Personal Pension follows the Bank of England Base Rate. We will amend our interest rate as soon as is practicably possible following a change in the base rate - the current rates that are applicable are shown above.

Interest rates for a Share Dealing Account are only applicable if you hold the cash in a Halifax Cash Management Account (HCMA). For new customers, an HCMA will automatically be opened as part of your Halifax Share Dealing Account and is used to hold cash pending investment. Please read the Halifax Share Dealing Service Terms and Conditions for more information.

TradePlan charges

When you set up an Advanced Dealing (TradePlan) we will make a charge of £2, but if a trade is executed, we’ll reduce the commission on that trade by £2.

TradePlans on Self-Select Stocks & Shares ISAs and SIPPs are FREE (excluding stamp duty), so there’s no reduction in commission on the deals executed.

Commission for each trade executed under your TradePlan order
Online purchases and sales £10.50
Telephone purchases and sales £23.00
These prices exclude the £2 TradePlan order

You can amend a TradePlan order at any time before it expires. A charge of £2 will be made each time you amend the plan. If your TradePlan expires before it has been executed then the £2 charge will not be refunded. You can cancel a TradePlan at any time without an additional charge.

Please note that there is no charge to cancel an international limit order. 

TradePlan is not available on certificated sales. TradePlan is only available on CREST eligible UK investments.

Halifax Share Dealing Limited.  Registered in England and Wales no. 3195646.  Registered Office: Trinity Road, Halifax, West Yorkshire, HX1 2RG.  Authorised and regulated by the Financial Conduct Authority, 25 The North Colonnade, Canary Wharf, London, E14 5HS under registration number 183332.  A Member of the London Stock Exchange and an HM Revenue & Customs Approved ISA Manager.

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Please remember that the value of an investment and the income from it can go down as well as up and you may get back less than you invested.

We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor.

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