Charges.

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 Adviser.

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)

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 and international 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

£2.00 per stock (purchases only)

Foreign currency charges*

1.25% per trade (international trades only)

Telephone trades


£25 per trade

Share certificate sales


Deals are charged at 1.25% of the deal value (minimum £25, maximum £125)

Regular investments


£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.

View the London Stock Exchange's infographic about stamp duty exemption for eligible AIM stocks.

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

FREE

Distribution of assets (following executor instructions)

FREE

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

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


FREE

Distribution of assets (following executor instructions)


FREE

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 charges

Regular SIPP charges

Quarterly admin charge
(see note 1)

£22.50 (SIPP value of less than £50,000)
£45 (SIPP value of £50,000+)

Quarterly admin charge
(see note 1)


£22.50 (SIPP value of less than £50,000)
£45 (SIPP value of £50,000+)

Other SIPP charges

Initial set up charge

FREE

Transfer in of another pension scheme

£60 per plan (max £300)

Transfer out to another registered pension scheme, or annuity purchase

£90 + £25 per investment (max £215)

Insufficient funds e.g. to pay benefits or charges

£30

Initial set up charge


FREE

Transfer in of another pension scheme


£60 per plan (max £300)

Transfer out to another registered pension scheme, or annuity purchase


£90 + £25 per investment (max £215)

Insufficient funds e.g. to pay benefits or charges


£30

SIPP income drawdown

Providing income drawdown until age 75
(see note 2)

£180 per annum

Providing income drawdown from age 75
(see note 2)

£300 per annum

Designate additional funds to drawdown, or request a review of income levels (See Note 3)

£90 + £25 per investment (max £215)

Convert from capped drawdown to flexi-access drawdown

£90

A one off payment - Uncrystallised Funds Pension Lump Sum (UFPLS)

£90

Close your account (Note 4)

£300

Payment of death benefits

Time/cost basis

Providing income drawdown until age 75
(see note 2)


£180 per annum

Providing income drawdown from age 75
(see note 2)


£300 per annum

Designate additional funds to drawdown, or request a review of income levels (See Note 3)


£90 + £25 per investment (max £215)

Convert from capped drawdown to flexi-access drawdown


£90

A one off payment - Uncrystallised Funds Pension Lump Sum (UFPLS)


£90

Close your account (Note 4)


£300

Payment of death benefits


Time/cost basis

Notes:

1. Payable in arrears at the end of March, June, September and December (also applies in income drawdown).

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

3. Payable at each additional designation to drawdown, but not when funds are first moved into drawdown.

4. The closure charge will apply where flexi-access drawdown or uncrystallised funds pension lump sum payments reduce the value of your SIPP below £1000 within 12 months of opening. We will be entitled to close your account and return the remaining funds to you, after deducting our charges. The early closure charge applies to SIPPs opened on or after 6 April 2015. For accounts opened before 6 April 2015, an account closure charge of £90 will apply.

5. All prices include VAT (currently 20%) where applicable.

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.

8. Interest rates: AJ Bell does not receive any payments on cash held for your SIPP in accounts set up by Halifax Share Dealing.

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

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

Self-Select Stocks & Shares ISA*


Balance

£1 and above

AER

0%

Interest Rate (Gross)

0%

Interest Rate (Net)

N/A

Self Invested Personal Pension (SIPP)**


Balance

£1 and above

AER

0.5%

Interest Rate (Gross)

0.5%

Interest Rate (Net)

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.


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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.