Charges
Dealing charges
UK Trades and Funds (Online)
| Real-time online trades | £11.95 per trade |
|---|---|
| Regular investments | £2.00 per stock (purchases only) |
| Funds | FREE |
UK Trades and Funds (Telephone)
| Value of Deal | Telephone Purchases & Sales | Telephone sales of share certificates | Purchase/Sale of Funds |
|---|---|---|---|
| Up to £5,000 | £25.00 | Deals are charged at 1.25% of the deal value, minimum £30.00, maximum £312.50 | Free |
| Over £5,000 to £50,000 | £50.00 | ||
| Over £50,000 to £100,000 | £75.00 | ||
| Over £100,000 | 0.1% |
International Trades (Online and Telephone)
| Commission charge | £11.95 per trade |
| Foreign currency charges | 1% per trade |
Foreign currency conversions are required to facilitate the settlement of international transactions. We apply a charge of 1% 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 and 0% on Exchange Traded Funds).
Fund trading
Fund managers will typically charge an initial commission of anything up to 5%. In addition to this upfront cost there will often be an annual management charge of up to 1.5%. We offer a wide range of funds with discounted initial charges or an initial charge of 0%.
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). For SIPP charges, click here.
| Stocks & Shares ISA admin charge | £12.50 per year |
|---|---|
| Transfer out of shares electronically to another stockbroker | £25 per investment |
| Transfer shares in from another broker | FREE |
| Transfer out of shares electronically from your ISA to another ISA manager | £25 per investment |
| 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 | £25 per withdrawal (plus VAT) |
| Cash withdrawal by electronic transfer (BACS) | FREE |
| Annual Consolidated Tax Certificate | FREE |
| Copy of Annual Consolidated Tax Certificate | £30 (plus VAT) |
| Ad hoc statement or valuation (on request) | £30 per item (plus VAT) |
| Certificated withdrawal of stock (Crest eligible stock only) |
£35 per investment |
| Voiding of ISA | £12.50 (including VAT) |
| Repair of ISA | £12.50 (including VAT) |
| ISA closure fee | FREE |
| Participation in selected corporate actions – rights issues, open offers and offers for subscription |
£10 telephone customers |
| Probate valuations | £50 (plus VAT) |
| Distribution of assets (following executor instructions) | £35 (plus VAT) |
| Lodging a Bankruptcy Order/Voluntary Arrangement | £35 (plus VAT) |
| Lodging a Power of Attorney | £35 (plus VAT) |
| Annual account statement/portfolio valuation | FREE |
| Dividend reinvestment | 2%, maximum £11.95 |
| Dividend collection and payment | FREE |
| Overdue payment/stock chaser letter | £5 for first letter, £10 for subsequent letters |
| 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 + VAT per transfer (maximum £300) per SIPP |
| Quarterly Administration Charge (see note 1) | £18.75 + VAT for fund value less than £50,000 £37.50 for fund value £50,000 and above |
| Insufficient funds e.g. to pay benefits or charges | £25 + VAT |
| Transfer out to another registered pension scheme or annuity purchase | £75 + VAT |
SIPP Benefits
|
Income Withdrawal (see notes 2 & 3) - income drawdown to age 75, or - income drawdown from age 75 |
£150 + VAT per annum, payable annually in advance £250 + VAT per annum, payable annually in advance |
| Designation of additional funds to existing income drawdown fund | £75 + VAT |
| If you register for flexible drawdown pension (note 4) | £75 + VAT |
| If you close your SIPP through flexible drawdown or trivial communication | £75 + VAT |
| 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. Applies only on initial set up of flexible drawdown entitlement. The fee is separate and, where relevant, in addition to income drawdown fees.
5. All charges except the transfer in charge will be deducted from your SIPP.
6. These charges may be shared between A J Bell Management Limited and Halifax Share Dealing Limited.
SIPP Investment 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 Share Dealing Charges section and below.
SIPP Stockbroking Administration Charges
| Transfer out of shares to another pension provider | £25 per investment |
| Re-investment of dividends | 2%, maximum £11.95 |
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) |
| Funds ISA* | £1 and above | 0% | 0% | N/A |
| 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 August 2011
* Under the ISA Regulations we must deduct a flat rate charge of 20% from any interest gained on your Self-Select Stocks & Shares ISA or Funds 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.
| Commission for each trade executed under your TradePlan order | |||
| Value of each deal | Online trades | Online Sales | Telephone |
| Up to £5,000 | £9.95 | £9.95 | £23.00 |
| £5,001 to £50,000 | £9.95 | £9.95 | £48.00 |
| £50,001 to £100,000 | £9.95 | £9.95 | £73.00 |
| Over £100,000 | £9.95 | £9.95 | Variable - £2 will be deducted from your commission charge |
| These prices exclude the £2 TradePlan charge | |||
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. TradePlans on Self-Select Stocks & Shares ISAs and SIPPs are FREE, so there’s no reduction in commission on the deals executed.
TradePlan is not available on certificated sales. TradePlan is only available on CREST eligible UK investments.
