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Administration Charges
| Halifax Share Dealing Account & Halifax ShareBuilder customers | Halifax Share Dealing Self-Select Stocks & Shares ISA customers | Self-Select Funds ISA customers |
| Half-yearly administration charge | n/a | 0.05% per month** (min £2.16; max £8.33 per month) | n/a |
| Transfer out of shares electronically to another stockbroker | £15 per investment | £15 per investment | £15 per investment |
| Transfer out of shares electronically to another ISA manager | n/a | £15 per investment | £15 per investment |
| Cash withdrawal by cheque | £25 per investment | £25 per investment | £25 per investment |
| Ad hoc statement or valuation (on request) | £30 per item** (Halifax Share Dealing Account) | £30 per item** | £30 per item** |
| Certified withdrawal of stock*** | £25 per investment | £25 per investment | £25 per investment |
| Voiding of ISA | n/a | £65** | £65** |
| ISA closure fee/transfer fee | n/a | £40** | £40** |
| Repair of ISA | n/a | £30** | £30** |
| Participation in selected corporate actions - Rights Issues, Open Offers and Offers for Subscription | £7.50 telephone customers £5.00 online customers £1.50 Halifax ShareBuilder | FREE | FREE |
| Re-investment of dividends | 1% of the value of the deal, capped at the appropriate trading commission for that deal | FREE | |
| Overdue payment/stock chaser letter | Halifax Share Dealing Account - £5 for first letter, £10 for subsequent letters Halifax ShareBuilder - n/a | £5 for first letter, £10 for subsequent letters | £5 for first letter, £10 for subsequent letters |
* Levied in April and October and the charge is based on the monthly valuation of your ISA for the previous 6 months.
** These charges are subject to VAT at the prevailing rate.
*** This service is only available for CREST eligible UK investments
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 less than £50,000 £37.50 for fund value £50,001 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) | |
| - Unsecured pension (USP), or | £150 per annum up to the age of 75, payable annually in advance |
| - Alternatively secured pension (ASP) | £250 per annum from your 75th birthday, payable annually in advance |
| Designation of additional funds to existing USP fund (Note 3) | £75 |
| Payment of death benefits | Time/cost basis |
Notes:
- Payable in arrears at the end of March, June, September and December.
- The annual income withdrawal charge will become payable immediately funds are designated to provide USP or ASP, even if you elect to take "nil" income.
- No additional charge is made when the first funds are designated to provide unsecured pension, or funds are designated to alternatively secured pension at age 75.
- All charges are subject to VAT in addition.
- All charges except the quarterly administration charge will be deducted by A J Bell Management before funds are transferred to your Halifax Share Dealing Cash Management Account.
- 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 | £15 per investment |
| Re-investment of dividends | 1% of the value of the deal, capped at the appropriate trading commission for that deal |
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Please remember the value of your investments and the income from them can go down as well as up. You may not get back the full amount you have invested. If you're in any doubt about the suitability of any of our products, or whether to buy or sell shares, you should consult an appropriate Financial Adviser.
The Halifax Share Dealing SIPP is administered by A J Bell Management Limited. A J Bell Management Limited is registered in England No. 3948391. Registered Office: Trafford House, Chester Road, Manchester, M32 0RS. Authorised and regulated by the Financial Services Authority. Sippdeal Trustees Limited is a wholly owned subsidiary of A J Bell Management Limited, registered in England No. 4050222. Registered Office: Trafford House, Chester Road, Manchester, M32 0RS. Sippdeal Trustees Limited does not conduct any regulated activities, and is, therefore, not regulated.
Dealing and stockbroking administration services are provided by Halifax Share Dealing Limited, which is part of the HBOS Group. Halifax Share Dealing Limited is registered in England No. 3195646 Registered Office: Trinity Road, Halifax, West Yorkshire, HX1 2RG. Authorised and regulated by the Financial Services Authority, 25 The North Collonade, Canary Wharf, London EH14 5HS. A Member of the London Stock Exchange and an HM Revenue & Customs Approved ISA Manager.