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dealing charges
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| Commission rates |
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| VAT exempt |
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Trader option
You can buy or sell shares up to the value of £25,000 for a flat dealing commission of £7.50. Deals over this size are charged at an additional £7.50 per £25,000 of value. The Trader option costs just £20 + VAT each quarter in advance, no matter how many accounts you've got.
Examples
Standard tariff:
Your dealing charges will be related directly to the amount you invest, or the proceeds of a sale, as shown below. When you choose batch dealing, purchases start from £2.50 and sales from £7.50, and realtime sales and purchases online start from £7.50.
Let's say you want to buy some shares in ABC plc. The shares can be bought for 100p each, and you want to invest £500, inclusive of dealing charges and stamp duty.
Stamp duty is 0.5% of the purchase value and dealing commission on the standard tariff is 1%, minimum £2.50.
| Cost of shares | £492.00 | (492 shares at 100p each) |
| Stamp duty | £2.46 | (£492 x 0.5%) |
| Commission | £4.92 | (£492 x 1.0%) |
| Total Cost | £499.38 | |
Trader option:
Let's say you want to buy some shares in XYZ plc. The shares can be bought for 100p each, and you want to invest £5,000 inclusive of dealing charges and stamp duty.
Stamp duty is 0.5% of the purchase value and dealing commission is £7.50 fixed.
| Cost of shares | £4,967.00 | (4967 shares at 100p each) |
| Stamp duty | £24.84 | (£4967 x 0.5%) |
| Commission | £7.50 | |
| Total Cost | £4,999.34 | |
Had you bought these shares under the standard tariff, dealing commission would have been £49.25 and you'd only have bought 4,925 shares. So even if this was your only transaction in that quarter, your £20.00 fee (+ VAT) would still have saved you £18.25.
Stamp Duty 
0.5% payable on the purchase of UK-listed shares. Other rates may apply outside the UK.
PTM Levy
£1 on all transactions over £10,000
Quarterly re-investment
0.5% including VAT, plus Stamp Duty. No minimum if contract note sent by email.
Preferred Funds
Purchases of The Share Centre's Preferred Funds are commission-free.
Unit trusts and OEICs
Any discount we negotiate for you on the initial fee will be used to buy additional units.
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subscription fee for DIY ISA
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The quarterly subscription fee is based on the total value of your account, less the value of any funds (Unit Trusts/OEICs) as at the valuation date, on or around the 5th January, April, July and October and is payable in arrears.
0.125% per quarter, min £5.00, plus VAT.
Example:
If the total value of your DIY ISA is made up of:
| Shares | £15,000 |
| Cash | £2,000 |
| Funds | £8,000 |
| Total | £25,000 |
your quarterly fee would be:
£17,000 (£25,000 less the value of the Funds £8,000)
| On £17,000 | £21.25 | (£17,000 x 0.125%) |
| VAT @ 15.0% | £3.19 |
| Total payable each quarter | £24.44 |
What this fee covers
for you:
- A 6-monthly statement of your account by email or post
- Safe keeping of your investments.
- Quarterly income withdrawal direct to your bank account
- Email price alerts
- Twice yearly copies of our magazine, The Shareholder.
behind the scenes:
- Monitoring your ISA to ensure that it follows HM Revenue & Customs regulations
- Regular reporting of your ISA details to HM Revenue & Customs
- Handling of Rights Issues and other Corporate Actions that affect your shares
- Monitoring your price limits, stop-loss and tracking stop-loss limits for up to 365 days.
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subscription fee for Funds ISA
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There is no subscription fee for this account.
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Credit interest
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Account holders who are resident in the UK for tax purposes will receive interest on cash balances held in their account, paid at the Bank of Scotland Base Rate less 3.5%. Interest is paid gross of UK Income Tax and is credited to your account in January, April, July and October.
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administration fees
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| Cash transfer | to your home | - by cheque | | £5.00 |
| | to your bank | - Up to 5 day transfer | | free |
| | | - same day transfer | | £25.00 |
| | | - overseas | | £50.00 |
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| Share transfer - for each shareholding transferred out | £15.00 |
| Handling a bounced cheque or unpaid direct debit | | £15.00 |
| Probate valuation | | | £20.00 |
| Closing account (excluding dealing and transfer costs) | £20.00 |
| These fees include VAT where applicable |
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