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 £42 for general investment account/ISA and £120 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) AICbinoculars

Aviva Consumer Platform 

  AICbinoculars

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 £1.50) AICbinoculars

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 AICbinoculars

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 AICbinoculars

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 AICbinoculars

There is no fee for holding investment companies in a general investment account. For holding investment companies within an ISA or SIPP, core charges are 0.35% capped at £45 if you have a regular savings plan. If you do not have a regular savings plan, the core charges are similar but you will pay a flat fee of £45 rather than 0.35% if your total assets on the platform are less than £7,500.

Fidelity Personal Investing 

 

No additional charge

£10.00

£1.50 £1.50 AICbinoculars

Halifax Share Dealing 

£36 per year charge for ISA or share dealing account.

Value

Up to £50k
£50k+

Charge (pa)

£90
£180

£9.50 £2.00 2% (max £12.50) AICbinoculars

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) AICbinoculars

iDealing 

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

IG

£96 per year, charged if you hold shares and/or ISA investments at the end of each quarter. £205 annual fee, payable to James Hay £8.00 per trade reducing to £3.00 if 10+ trades were placed in the previous month. No discount N/A AICbinoculars

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 AICbinoculars

iWeb 

£100 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) AICbinoculars

Santander 

  AICbinoculars

shareDeal active

Trading account carries no fee.

£60 pa ISA fee applies.

£118.80 pa fee applies although this will be refunded in the first year. £9.50 No discount N/A AICbinoculars

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 AICbinoculars

Value

Up to £100k
£100k - £250k
£250k+

Charge (pa)

0.40%
0.25%
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 AICbinoculars

Source: AIC/the lang cat (last update 01/10/21)

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