Charges

What charges would you like to look at?

The admin charges

Understanding our account charges

Please make sure that you are familiar with the new pricing which comes into effect on the 1st of April 2021 before you open an account.

How much it costs to buy and sell investments

Our £12.50 (£9.50 from 1st April 2021) online dealing commission (per trade) covers:

  • Shares (UK and international)
  • Funds
  • Exchange Traded Funds (ETFs)
  • Investment Trusts
  • Bonds
  • Gilts

Trade regularly for less with our £2 per trade scheduled investment serviceYou can set up a direct debit on your share dealing account and select which investment to buy, when and at what cost or quantity. You can then sit back and leave the rest to us.

Additional charges for all accounts

  • With international shares you pay the same dealing commission as all other online trades. However, there is a currency conversion fee. We take away 1.25% from the exchange rate for buys, and add 1.25% for sales. An indicative exchange rate will be shown prior to trading and the final rate will be shown once the trade is completed.

  • Dividend reinvestment purchases are charged at 2% of the dividend value, and capped at a maximum of £12.50 per stock. (Maximum £9.50 from 1st April 2021).

  • Transfer charges for our Share Dealing Account and ISA

    We don’t charge you any transfer fees to join us, or if you decide to leave. However, your current provider may charge you, so please check before you start your transfer.

    Find out how to Transfer


    Transfer charges for our SIPP

    Transferring in another pension costs £60 per transferring plan (max £300).

    Find out how to Transfer

  • Fund managers will charge various fees such as an ongoing charge or transaction fees, and details of these can be found within the Key Investor Information Document for each fund.

    The individual dealing charges are applied as the deal is placed and will be broken down on the transaction screen.

  • We offer a range of TradePlans (including limit orders and stop losses) to help you control the risk involved with stock market investing. TradePlans are available on any CREST eligible UK stock.

    Each TradePlan you set-up costs £2 and if a trade is executed then we’ll reduce the dealing commission on that trade by £2 per trade. A charge of £2 will be made each time you amend the TradePlan. 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.


    Charges in a Stocks and Shares ISA or SIPP

    For ISAs and SIPPs there is no charge to set-up a TradePlan. This means our standard commission rate will apply to any trade carried out if a TradePlan triggers.

    TradePlan Options

  • Stamp Duty

    When you buy a UK stock, you’ll pay Stamp Duty to the Government. Stamp duty is 0.5% of the value of the investments you buy (1% on Irish stocks) and you won’t pay any Stamp Duty on AIM stocks or Exchange Traded Funds.

    PTM Levy

    Any trade over £10,000 will also be liable for a levy of £1 which is paid to the Panel on Takeovers and Mergers (PTM).

  • Admin fee

    Our admin fees are collected:

    • Annually in April for our ISA.
      and
    • Quarterly at the end of March, June, September and December for the SIPP.

    If your account doesn’t have enough cash to cover the fee, we’ll take the remaining amount by Direct Debit or from your Debit Card.

    If we are unable to take the fee then we may need to sell some of your investments to cover the cost. We’ll always try to contact you before we do this.

    Dealing charges

    The individual dealing charges are applied as the deal is placed and will be broken down on the transaction screen.

Additional charges for the SIPP

  • SIPP admin charges

    Annuity purchase

    £90

    Ad hoc statement or valuation (on request)

    £12.50

    Transfer in of another pension

    £60 per transferring plan (maximum £300)

    Transfer out to another registered pension scheme or a qualifying recognised overseas pension scheme (QROPS)

    Free

  • Income drawdown charges

    Flexi-access drawdown1

    £180 per annum

    Capped drawdown1

    Before age 75 - £180 per annum
    Age 75 onwards - £300 per annum

    Designate additional funds to drawdown / review income levels2

    £90

    Convert from capped drawdown to flexi-access drawdown

    £90

    Take an uncrystallised funds pension lump sum (UFLPS) – a one-off payment

    £90

    CHAPS (same day payment)

    £30

    SIPP closure through drawdown or lump sums where the balance is reduced below £1,0003

    Within 12 months of opening - £300
    After 12 months - £90

    Payments on death or if your pension is to be split/shared as part of a divorce

    Time/cost basis (typically between £250 and £500)

    1. This will become payable immediately where funds are designated to provide drawdown even if you elect to take "nil" income. Payable annually in advance.

    2. Payable each time you designate additional funds to drawdown, once your SIPP is in drawdown stage.

    3. We will be entitled to close your SIPP and return the remaining funds to you, after deducting our charges.

Charges factsheet

This document includes information on all charges including government levies, stamp duty and foreign currency charges for international dealing.

The value of an investment can fall as well as rise, and you may get back less than you invest. If you are not sure about investing, seek independent advice. Tax treatment depends on personal circumstances and may be subject to change.

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, 12 Endeavour Square, London, E20 1JN under registration number 183332. A Member of the London Stock Exchange and an HM Revenue & Customs Approved ISA Manager.