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Detailed costs

The following table shows the detailed charges for holding investment companies on different platforms. These include:

  • Core charges. You pay these for using the platform, even if you make no trades. Typically, these will either be based on a percentage of your assets on the platform, or a flat fee.
  • Pension charges. You will pay these in addition to the core charges if the account you hold on the platform is a pension (SIPP).
  • Ad hoc investment company transactions. These are the charges you will pay for buying or selling (“trading”) investment company shares on the platform. The more you trade, the more you pay.
  • Regular investing charge. Some platforms offer heavily discounted trading charges if you set up a regular monthly purchase. But be aware: the investment companies you are allowed to buy at these discounted rates may be limited. For example, some platforms' monthly trading plans only cover investment companies in the FTSE 350.
  • Automatic dividend reinvestment fee. Some platforms allow you to reinvest your dividends automatically rather than take the income and offer discounted trading charges for this. Others do not offer this service (indicated by “N/A”).

Where parts of the table are left blank, this indicates the platform in question does not offer the relevant service, or does not offer investment companies.

This table has been produced by the lang cat, a platform consultancy, in association with the AIC. 

Platforms Core charges Pension Ad hoc investment company transactions Regular investing charge Automatic dividend reinvestment fee Website

AJ Bell Youinvest

0.25% platform charge for non-fund investment (capped at £30 for general investment account/ISA and £100 for pension).  No additional charge £9.95 a deal, reducing to £4.95 if there were 10 or more deals in the previous month. £1.50 1% (min £1.50, max £9.95)

Aviva Consumer Platform 

 

Barclays 

0.10% platform charge.

Minimum of £48 pa and maximum of £1,500 pa.

Collected monthly.

£31.25 + VAT per quarter (=£150 p.a). £6.00 £1.00 1% (min £1, max £7.50)

Bestinvest

Value

Up to £250k
£250k - £1m
£1m+

Charge (pa)

0.40%*
0.20%
0.00%

*Pension investment is charged at 0.30% for the first £250k rather than 0.40%.

SIPP administration fee of £100 + VAT

£7.50 No discount N/A

Charles Stanley Direct

There is a charge of 0.35% for investment company investment with a minimum of £24 and maximum of £240 per year. This is waived if you trade in the month.  £120 annual fee applies, which is waived if you hold a total portfolio (across all investment and wrapper types) of £30,000 or more. £11.50 No discount N/A

Close Brothers A.M. Self Directed Service 

Value

Up to £500k
£500k - £1m
£1m - £1.5m
£1.5m+

Charge (pa)

0.25%
0.20%
0.10%
0.00%

No additional charge £8.95 No discount N/A
Once £250,000 is reached, the 0.20% charge applies to the whole portfolio.

EQ Shareview

ISA: 0.25% fee collected half-yearly with a £12 minimum and £45 maximum per collection.

No annual charge for dealing account.

  £12.50 £1.75 £1.75 on selected equities
EQi  Additional custody fee of £12.50 plus £4.99 per account per quarter (offset against any trades). Dealing account is free if you hold ISA or SIPP. £17.49 quarterly fee, not collected if there are equivalent trading fees. £10.99 (£9.99 for ETFs) reducing to £5.99 if 20 trades are placed in a month (across all accounts). £1.50 £1.50

Fidelity Personal Investing 

 

For ISA: No additional charge

£10.00

£1.50 N/A

Value

Up to £7,500
£7,500+

Charge (pa)

£45
0.35%(capped at £45)

Investment Companies held within a dealing account are not subject to this fee

Halifax Share Dealing 

£12.50 per year charge for ISA.

No annual charge for dealing account.

Value

Up to £50k
£50k+

Charge (pa)

£90
£180

£12.50 £2.00 2% (max £12.50)

Hargreaves Lansdown 

0.45% pa for investment companies (capped at £45 for ISA and £200 for SIPP with no charge for general investment account.)    No additional charge £11.95 a trade reducing to £8.95 if there were 10-19 trades in the previous month, reducing further to £5.95 if there were more than 20 trades. £1.50 1% (min £1, max £10)

iDealing 

£20 per annum admin fee per account.  £20 per annum admin fee. £9.90 No discount  N/A

IG

£0 £195 annual fee £8.00 per trade reducing to £3.00 if 10+ trades were placed in the previous month. No discount N/A

Interactive Investor

Investor product - £9.99 a month with 1 free trade.

Funds fan product - £13.99 a month with 2 free fund trades.

Super investor product - £19.99 a month with 2 free trades.

£10 per month

Investor product - £7.99

Funds fan product - £3.99

Super investor product - £3.99

No charge 99p

iWeb 

£25 one-off account opening fee for ISA and dealing account.

Value

Up to £50k
£50k+

Charge (pa)

£90
£180

£5.00 No discount 2% (max £5)

Santander 

 

shareDeal active

 

£0 £118.80 pa fee applies - although this will be refunded if there is an active share dealing account linked to the pension £9.50 No discount N/A

Strawberry

Value

Up to £50k
£50k - £1m
£1m+

Charge (pa)

0.35%
0.25%
0.10%

£120 pa fee applies.  £9.50 No discount N/A
Minimum charge of £30 pa. There is also an annual platform charge of £10.

The Share Centre 

£60 charge for ISA (£5 per month).

£24 charge for general investment account (£2 per month).

£180 pa (£15 per month) 

Standard option - £7.50 for deals under £750, 1% above.

Frequent dealing option - a flat rate of £7.50 a trade plus £96 pa admin fee.

0.5% (min £1.00) 0.5%

Willis Owen 

Value

Up to £50k
£50k - £100k
£100k - £250k
£250k+

Charge (pa)

0.40%
0.30%
0.20%
0.15%

SIPP plans are subject to a different core platform fee £7.50 No discount £1.50 per reinvestment up to a maximum of £15 per year

Value

Up to £50k
£50k - £100k
£100k - £250k
£250k+

Charge (pa)

0.40%
0.30%
0.20%
0.15%

X-O

£0 £118.80 pa fee applies. This will be refunded in the first year only £5.95 No discount N/A

Source: AIC/the lang cat (last update 07/08/20)

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