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 fee | 0.05% per month - min £2.16, max £8.33 (paid half-yearly) |
|---|---|
| Transfer out of shares electronically to another stockbroker | £25 per investment (plus VAT) |
| Transfer shares in from another broker | FREE |
| Transfer out of shares electronically from your ISA to another ISA manager | £25 per investment (plus VAT) |
| 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 | £65 (plus VAT) |
| Repair of ISA | £65 (plus VAT) |
| ISA closure fee/transfer fee | £50 (plus VAT) |
| 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) |
| 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 | 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 |
Halifax Share Dealing accounts
>Share Dealing Account - the easy and efficient way to trade
>Self-Select Stocks & Shares ISA - invest in various shares as well as funds and other investments in one tax-efficient account
>Funds ISA - benefit from no commission and administration fees whilst sheltering any gains from the taxman
>SIPP - invest in your retirement with a Self-Invested Personal Pension
Next Steps
Apply now for an account with Halifax Share Dealing
Investment Options - invest in more than just shares with a wide range of investment options which can be held in many different accounts
Education Centre - learn the basics of buying and selling shares, the impact of market volatility and the security of your holdings with Halifax Share Dealing
Services - find out what services we offer to help you get the most out of your share dealing account
