Direct Investments rates and charges

Commission charges

We charge a commission for each deal, whether done online or over the phone.

Online commission – UK and international* shares

Deals per quarter
Commission per deal
1-12 £15
13 or more (Frequent Trader rate**) £11.50

Telephone commission – UK shares

Deal value Commission
£0 – 1,000 £17.50
£1,001 - 2,000 £22.50
£2,001 - 4,000 £35
£4,001 - 10,000 £50
£10,001+ £75

 

Deals per quarter
Commission per deal
1-12 According to deal value
13 or more (Frequent Trader rate**)
£16.50 flat-rate regardless of deal value

Telephone commission - international* shares

Deals per quarter
Commission
1-12
£17.50
13 or more (Frequent Trader rate**)
£16.50
Foreign currency conversation charge
1.5%

*International trading

Foreign currency conversions are required to facilitate the settlement of international transactions. We apply a charge of 1.50% either side of the available exchange rate when buying and selling international securities. The available exchange rate is based on the exchange rate provided by Digital Look. Indicative exchange rates are provided prior to trading, and the rate applicable to the individual trade is confirmed on the contract note once the deal has been completed.

Frequent trading

**Our standard dealing commission rates will apply for the first 12 trades placed across your Share Dealing or Share Dealing ISA, per calendar quarter. The Frequent Trader rate will apply to any additional deals you place in the same quarter. The rate applied will depend on whether the deal is placed online or by phone. Standard rates will resume at the beginning of the next quarter. The Frequent Trader rate does not apply to trades placed in OEICs, Unit Trusts or certificated sales.

Regular investments – telephone and online dealing

Online
£2
Phone
£2

Funds commission – telephone and online dealing

Online
£10 flat rate + discounted initial charges for purchases
Phone
£15 flat rate + discounted initial charges for purchases
Regular investments
(purchases only)
£2

If funds are purchased through a regular investment plan you will pay no commission charge. Fund managers will typically charge an initial commission of anything up to 5%. In addition to this upfront cost there will often be an annual management charge of up to 1.5%. We offer a wide range of funds with discounted initial charges or an initial charge of 0%.

Administration Charges

Account type
Six-monthly account charges
Share Dealing Account
£16*
ISA Standard
0.25% plus VAT**
Minimum £12.50 plus VAT
Maximum £60 plus VAT

*This charge is waived where an ISA is held within the same Lloyds Bank Share Dealing account.

**The charge will be calculated on a monthly basis, using the value of your ISA on the last working day of the month.

Closing your account

Account type
Account charge
Share Dealing Account (or Nominee)
None
Share Dealing ISA
Current six monthly fee in full

There may be additional charges for dealing, stock transfers out and rematerialisation.

Interest Payable on Cash Balances


Balance
AERInterest rate
(Gross)
Interest rate
(Net)
Share Dealing Account (or Nominee)
£1 and above 0% 0% 0%
Share Dealing ISA
£1 and above
0% 0% N/A

Under the ISA Regulations we must deduct a flat rate charge, currently 20% from interest on your ISA and pay this charge to HM Revenue & Customs.

You may be liable to tax on the interest if your investment is not held within an ISA.

Additional items

Charges might apply, for example, for a special payment instruction or payment failure.

Service Charge
Dividend reinvestment
2% maximum £15
Cash Withdrawal by cheque £25 per withdrawal plus VAT
Rematerialisation (issue paper certificate) £10
Stock transfers out (per holding) £10
CHAPS payments £20
Returned cheque / DD charge £20
Late settlement penalty £30
Copy of consolidated tax certificate £15 plus VAT
Duplicate contract note (if 6 months after original) £10 plus VAT
Duplicate statement/valuation (per item) £10 plus VAT
Request for replacement share certificate £25 plus VAT and any additional third party charges
Debit interest Lloyds Bank base rate +5%
Voiding of ISA £25 plus VAT
Repair of ISA £25 plus VAT
Probate valuations £25 plus VAT
Distribution of assets £25 plus VAT
Lodging a Power of Attorney £25 plus VAT
Online information services Free
Stocks transfers in (per holding) Free
Cash withdrawal by electronic transfer (BACS) Free
Annual Consolidated Tax Certificate Free
Annual account statement/portfolio valuation Free
Dividend collection and payment Free
Attendance at shareholder meetings Free
Arrangements for proxy voting Free
Annual reports Free
Shareholder benefits Free

Certificated sales

Please note that we charge a commission for each deal, whether done online or over the phone. Furthermore, any share certificates traded with us need to be registered in the same name as your share dealing account.

Online commission

Deal value
Commission
Any
£27.50

Telephone commission

Deal value
Commission
£0-1000
£27.50
£1,001-2,000 £32.50
£2,001-4,000 £47.50
£4,001-10,000 £62.50
£10,000+ £87.50

Additional items

Charges might apply, for example, for a special payment instruction or payment failure.

Service Charge
Online information services
Free
Late settlement penalty
£30
Duplicate contact note (if 6 months after original)
£10 plus VAT
Request for replacement share certificate
£25 plus VAT (plus any 3rd party changes)
Debit interest
Lloyds Bank base rate +5%
Cash withdrawal by cheque
£25 per withdrawal plus VAT

Government Duties and Levies

Stamp Duty Reserve Tax Purchase of UK equities 0.5%
Purchase of Irish equities 1%
PTM Levy £1 charge on equity transactions over £10,000

Commission charges

We charge a commission for each deal, whether done online or over the phone.

Online commission – UK and international* shares

Deals per quarter
Commission per deal
1-12 £13.50
13 or more (Frequent Trader rate**) £11.00

Telephone commission – UK shares

Deal value Commission
£0 – 3,500 £15.00
£3,501+
£17.50

 

Deals per quarter
Commission per deal
1-12 According to deal value
13 or more (Frequent Trader rate**)
£15.00 flat-rate regardless of deal value

Telephone commission - international* shares

Deals per quarter
Commission

Any

£15.00
Foreign currency conversion charge
1.5%

*International trading

Foreign currency conversions are required to facilitate the settlement of international transactions. We apply a charge of 1.50% either side of the available exchange rate when buying and selling international securities. The available exchange rate is based on the exchange rate provided by Digital Look. Indicative exchange rates are provided prior to trading, and the rate applicable to the individual trade is confirmed on the contract note once the deal has been completed.

Frequent trading

**Our standard dealing commission rates will apply for the first 12 trades placed across your Share Dealing or Share Dealing ISA, per calendar quarter. The Frequent Trader rate will apply to any additional deals you place in the same quarter. The rate applied will depend on whether the deal is placed online or by phone. Standard rates will resume at the beginning of the next quarter. The Frequent Trader rate does not apply to trades placed in OEICs, Unit Trusts or certificated sales.

Regular investments – telephone and online dealing

Online
£2
Phone
£2

Funds commission – telephone and online dealing

Online
£10 flat rate + discounted initial charges for purchases
Phone
£15 flat rate + discounted initial charges for purchases

If funds are purchased through a regular investment plan you will pay no commission charge. Fund managers will typically charge an initial commission of anything up to 5%. In addition to this upfront cost there will often be an annual management charge of up to 1.5%. We offer a wide range of funds with discounted initial charges or an initial charge of 0%.

Administration Charges

Account type
Six-monthly account charges
Share Dealing Account
£10*
ISA Standard
0.25% plus VAT
Minimum £10 plus VAT
Maximum £32.50 plus VAT

*This charge is waived where an ISA is held within the same Lloyds Bank Share Dealing account.

Closing your account

Account type
Account charge
Share Dealing Account (or Nominee)
None
ISA
Current six monthly fee in full

There may be additional charges for dealing, stock transfers out and rematerialisation.

Interest Payable on Cash Balances


Balance
AERInterest rate
(Gross)
Interest rate
(Net)
Share Dealing Account (or Nominee)
£1 and above 0% 0% 0%
Share Dealing ISA
£1 and above
0% 0% N/A

Under the ISA Regulations we must deduct a flat rate charge, currently 20% from interest on your ISA and pay this charge to HM Revenue & Customs.

You may be liable to tax on the interest if your investment is not held within an ISA.

Additional items

Charges might apply, for example, for a special payment instruction or payment failure.

Service Charge
Dividend reinvestment
2% maximum £13.50
Cash Withdrawal by cheque £25 per withdrawal plus VAT
Rematerialisation (issue paper certificate) £10
Stock transfers out (per holding) £10
CHAPS payments £20
Returned cheque / DD charge £20
Late settlement penalty £30
Copy of consolidated tax certificate £15 plus VAT
Duplicate contract note (if 6 months after original) £10 plus VAT
Duplicate statement/valuation (per item) £10 plus VAT
Request for replacement share certificate £25 plus VAT and any additional third party charges
Debit interest Lloyds Bank base rate +5%
Voiding of ISA £25 plus VAT
Repair of ISA £25 plus VAT
Probate valuations £25 plus VAT
Distribution of assets £25 plus VAT
Lodging a Power of Attorney £25 plus VAT
Online information services Free
Stocks transfers in (per holding) Free
Cash withdrawal by electronic transfer (BACS) Free
Annual Consolidated Tax Certificate Free
Annual account statement/portfolio valuation Free
Dividend collection and payment Free
Attendance at shareholder meetings Free
Arrangements for proxy voting Free
Annual reports Free
Shareholder benefits Free

Certificated sales

We charge a commission for each deal, whether done online or over the phone.

Online commission

Deal value
Commission
£0-5000
£15
£5,001+ £20

Telephone commission

Deal value
Commission
£0-5000
£17.50
£5,001+ £25

Additional items

Charges might apply, for example, for a special payment instruction or payment failure.

Service Charge
Online information services
Free
Late settlement penalty
£30
Duplicate contact note (if 6 months after original)
£10 plus VAT
Request for replacement share certificate
£25 plus VAT (plus any 3rd party changes)
Debit interest
Lloyds Bank base rate +5%
Cash withdrawal by cheque
£25 per withdrawal plus VAT

Government Duties and Levies

Stamp Duty Reserve Tax Purchase of UK equities 0.5%
Purchase of Irish equities 1%
PTM Levy £1 charge on equity transactions over £10,000