We have made our charges simple and competitive, so you can spend more time on what matters.

Our benefits

  • £3.50 per online trade during our offer times.
  • Free regular investing with our regular investment service.
  • Commission-free international trading, FX charges of 1.25% still apply.

General charges

  • £9.50 per online trade to buy and sell funds and UK stocks.
  • £36 annual customer admin fee covers ISA and Share Dealing Accounts.
  • SIPP quarterly fee of £22.50 for account values of £50,000 or less, £45 for values over £50,000. 
Young lady smiling with the sun shinning on the trees in the background.

Invest in your future for free with our 18-25 accounts. Pay no account fees until you’re 26 and benefit from free regular investing.

18 - 25 investing

Our Interest Rates

We do not pay you interest on cash balances held within your ISA or Share Dealing Account.

See our interest rates for our Self-Invested Personal Pension (SIPP).

Cash Balances
Any uninvested cash is held in a cash management account, which is part of your Share Dealing Account, ISA or SIPP – This is not a bank account. We hold this uninvested cash in line with FCA rules, for your protection.

We receive interest payments, which vary, depending on the total balance held and market interest rates. Any interest we retain is to develop our products and services.

Halifax offer a range of savings accounts that do pay interest on cash balances.

How much cash should I hold?

There is no requirement to hold a minimum balance - You should make sure that there is enough cash held to cover charges, when they are due.

Understanding our charges

  • What is the customer admin fee?

    We charge a single fee of £36 a year to hold an ISA and Share Dealing Account. This is the same as £3 a month, and is free for 18-25 year olds.

    SIPPs cost £22.50 per quarter if the SIPP value is £50,000 or less, or £45 if the value is above £50,000. This charge is paid to AJ Bell, who administer our SIPPs.

    How we collect the customer admin fee for ISAs and Share Dealing Account:

    • The fee is due in April, and we collect it in full each May.
    • If your Share Dealing account doesn’t have enough cash to cover the fee, we’ll try to take the remaining amount from any ISA or ShareBuilder accounts that you hold.
    • If this isn’t possible we’ll collect the amount by Direct Debit or debit card.
    • If we can’t collect the fee, we may need to sell some of your investments to cover the cost. We’ll always try to contact you before we sell your investments.

    How is the admin fee shown on your Statement?

    • This will show as a debit in April.
    • If you had enough cash to cover the fee in your Share Dealing Account, you’ll see this on your Cash Movements Schedule as a debit on your cash balance.
    • If your Share Dealing Account didn’t have enough cash to cover the charge, you might see two separate debits to cover the total amount. This is where we’ve collected the charge from your Share Dealing Account and ShareBuilder/ ISA.
    • If none of your accounts had enough cash to cover the fee, the outstanding amount is taken by Direct Debit or debit card. This will show as a debit when the charge was due and as a credit when the charge was paid.

    Why is the admin fee debit date different to the date it left my account?

    • In April your Statement will show a debit on your account – this is the fee creation date.
    • If your charge was taken by Direct Debit or debit card, you’ll also see a credit with the narrative ‘payment received’ - this could be dated the following month.

    For our SIPP:

    • We’ll take payment from cash within your account quarterly at the end of March, June, September and December.
    • If we can’t 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.
    • We collect this fee and pay it to AJ Bell as the Pension Administrators for you.
  • Additional SIPP charges

    Annuity purchase


    Ad hoc statement or valuation (on request)


    Transfer in of another registered pension scheme

    £60 per transferring plan (maximum £300)

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


    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


    Convert from capped drawdown to flexi-access drawdown


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


    CHAPS (same day payment)


    SIPP closure through drawdown or lump sums where the balance is reduced below £1,000


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


    1. This will become payable straightaway 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.
  • Online UK and fund trading
    We charge £9.50 for online dealing per trade, this covers:

    • Funds
    • Exchange Traded Funds (ETFs)
    • Investment Trusts
    • Bonds
    • Gilts

    Online International trading
    We don’t charge you any dealing commission for International trading online. An FX charge of 1.25% still applies.

    Reduced Commission offer
    Reduced UK dealing charge of £3.50 per online trade during our monthly offer times.

    Find out our offer times

    Telephone trading
    You can trade through our telephone service for £25 per trade.

  • Government taxes and levies

    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). You don’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).

    Spanish Transaction Tax
    Spanish Transaction Tax (0.2%) is an additional tax payment when you buy some Spanish stocks. Examples of these are Banco Santander and International Consolidated Airlines Group.

    Fund manager charges
    Fund managers will charge you various fees such as an ongoing charge or transaction fees. They put the details of these in the Key Investor Information Document for each fund.
    We apply the individual dealing charges as you place the deals. We break these down on the transaction screen.


  • Regular Investments
    You can trade regularly with our commission-free scheduled investment service.

    Dividend reinvestment purchases are charged at 2% of the dividend value and capped at a maximum of £9.50 per stock.

    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. 
    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.

    More about TradePlans

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. There will normally be a charge for that 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 under registration number 183332. A Member of the London Stock Exchange and an HM Revenue & Customs Approved ISA Manager.