Your statements

If you’re looking for your statements we can help. Simply select the statement you have questions on.

We send you two different statements throughout the year.

  • The annual costs and charges statement lets you know what you’ve paid in costs and charges.
  • The quarterly statement lets you know the value of your investments and how much cash is in your account.

 

We’ve listed the most popular questions and answers below.

Quarterly statements

Costs and charges

Quarterly statement questions and answers

How do I use my statement to fill out my tax return?

Unfortunately we do not provide tax advice. If you need advice, please contact an appropriate professional financial adviser. There will normally be a charge for that advice. Information can also be supplied by your local Tax Office.

What is my book cost and how is it calculated?

The book cost is the total original cost including charges. If you have only made purchases on one stock the book cost will be the total of those purchases.

When stock is sold from that total, the percentage of the stock sold is taken from the total of the amount paid.

For example:

Bought 100 LLOY for £100
Book cost would be £100 for 100 shares
Bought another 100 LLOY for £200
The book cost would be £300 for 200 shares
Sell 100 shares (this is 50% of the number of shares)
The book cost would be £150 for 100 shares.

Please note, that book costs can be affected by corporate actions and transfers into your account.

What is the Stock Valuation?

The Stock Valuation gives you detailed information on your stock holdings in your account. The information is based on the close of business prices applicable to the statement period. The valuation includes all stock held in your account. Any stocks you sold before the statement period end date are not included. This does not include information regarding accrued interest on interest bearing stocks. This can be obtained by contacting us directly using the telephone number on the covering letter.

 

Other Quarterly statement questions

  • Tax Certificates cover a whole tax year and as such are published shortly after the tax year end usually in May.

  • We can change your book cost if you have made a transfer or certificate deposit. Your book cost can't be changed for sales or purchases. We can't accept requests by email. Changes can be completed on our Web Chat service or if you would prefer to call us on 0345 606 0560.

  • The closing price of investments on the valuation date. For shares, the closing price is calculated and published by the London Stock Exchange or relevant exchange and is always shown in sterling. For Unit Trusts, the price quoted will be the last bid price issued by the Fund Manager that day. For Open Ended Investment Companies (OEICs), the price will be the last single price issued by the Fund Manager on that day.The closing price of investments on the valuation date. For shares, the closing price is calculated and published by the London Stock Exchange or relevant exchange and is always shown in sterling. For Unit Trusts, the price quoted will be the last bid price issued by the Fund Manager that day. For Open Ended Investment Companies (OEICs), the price will be the last single price issued by the Fund Manager on that day.

  • This is the date as specified on your trade confirmation or in the Cash Movements Schedule. This relates to the date that the trade was settled, not the execution date.

  • This is a summary of the valuation of your account.

  • The Cash Movement Schedule summarises the movements of money and stock as a result of a purchase or sale, cash payments in/out of your account and interest and fees paid. It includes trade information about payments for purchases, sales and also information on corporate actions and dividends received on your investments. For sales and purchases the information provided is based on the settlement date.

    Debits (DR) - the amount shown is the amount you have paid including dealing charges and tax.

    Credits (CR) - the amount you receive after dealing and other charges have been deducted.

  • This is a summary of all other transfers of stock in and out of your account and includes corporate actions. If the transaction type is ‘miscellaneous transfer’, it will be one of the following which you should have received details of previously:

    • stock transferred into or out of your account
    • certificates that have been deposited into or withdrawn from your account
    • a corporate action
    • an error correction.

  • This is the value of the cash held in your account.

  • This is the value of all the stock and cash held in your account.

  • This is the overall profit or loss for all your shares as a % of the book cost.

  • Please contact us on 0345 606 0560 to help with this process, please have with you your most recent statement and your PIN. Call costs may vary depending on your service provider.

    Please note, we can accept a written instruction for this as long as your account does not contain any stock/cash and the instruction is signed by you.

    Please write to:

    Customer registration and support
    Lloyds Bank Direct Investments
    12 Wellington Place
    Leeds
    LS1 4AP

  • This could be because the stock has been delisted or is an untraded asset.

  • 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.

    For SIPP we currently expect to retain between 0.70% to 1.20% over the next 3 months.

    Interest retained is used to develop our products and services.

    Lloyds 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.

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Cost and charges statement questions and answers

Popular questions

How are my charges paid?

The charges are paid in different ways depending on what the charge is and who has made it. When buying shares your dealing commission and any other transaction charges will be added to the total cost of your purchase.

Our administration charges are usually collected either from your nominated bank account or your share dealing account depending on how your account is set up when the fee is payable.

Charges by the Investment Manager are different to our ongoing charges. They are built into the investment and are taken out of the fund or investment itself. These charges can be viewed on the Key Investor Information Document (KIID) for the investment, or by contacting the investment manager. The charges are usually shown as a percentage. We have included the amounts on the statement as a monetary amount.

What is included in the miscellaneous charges?

This section of your statement includes additional charges you have occurred throughout the statement period. These charges could include:

  • Transferring out
  • Cheque withdrawal
  • Copy CTC/Tax vouchers
  • Ad-hoc statements and valuations
  • Voiding ISA’s, ISA repairs
  • CHAPS payments
  • Failed payments such as cheques or failed DDI
  • Certificate withdrawal requests

What are the other costs?

These costs are not paid to Lloyds Bank, but are incurred when you trade in investments and include taxes, levies & estimated transaction costs.

Can I reduce how much I pay in fund charges?

If you’re not happy with the ongoing charges on your investment(s) and would like to potentially move your money into something with lower charges, you can use our Funds Centre to filter over 2,500 funds to view other options.

Alternatively you could choose between our three diversified funds: low, medium or high risk. Take a look at our Ready-made investments.

Other costs and charges statement questions

  • No, you’ll get a costs and charges statement and your usual account statement. The costs and charges statement outlines all the costs and charges. You will continue to receive account statements on a quarterly basis.

  • Some charges will be paid to Lloyds Bank Share Dealing, while others will be paid to the investment manager(s), the cost and charges statement will break this down for you.

    • Lloyds Bank Share Dealing charges are always provided to you when you place trades, or when we apply additional charges e.g. transferring investments out of Lloyds Bank to another broker.
    • Charges paid to the Investment Manager(s) can be found on the Key Investor Information Documents (KIID) for funds and the Key Information Documents (KID) for other investments such as investment trusts.

    The breakdown of charges and where they were paid is shown on the Total Cost and Charges section.

    • Lloyds Bank Share Dealing charges can be found on our website or in our brochure.
    • Charges paid to your Investments Manager(s) are shown in the documents for each fund or trust. If you have any questions about the charges paid to the Investment Managers you should contact them directly.

  • This table shows the stock movement in and out of your account, it doesn’t take into account any cash that you have.

    Stock valuation table.

    A

    The value of stock at the start of your statement period.

    B

    Any stocks movement (inwards) for example, a purchase of shares you have made during the year.

    C

    The total of the value (A) and stock movements in (B).

    D

    Any movement of stock out of your account – for example, sales or transfers out

    E

    The value of your stock at the closing point of your statement.

    F

    Your return this period, also known as the profit or loss. We work this out by adding the outward movement of stock (D) to the total investment value at the end of the statement period (E). We then deduct the total investments for this period (C).

  • We’ve not been able to include cash movements or dividend payments within this statement. Dividend payments are included in your annual consolidated tax certificate, which will be issued alongside your statement in April of each year.

  • Your statement will include all of the investments you have made over the previous year which runs from 6th January to 5th January.

  • This shows what you’ve paid out from your share dealing account and estimates what you could have made if the charges hadn’t been paid.

  • We calculate these charges based on the value of your investment throughout the year, or the period in which you held it during the year and the information from the Investment Manager(s) showing the percentage charges for each fund or trust.

    Because Investment Managers will calculate and apply their charges differently, and do not provide exact monetary amounts charged for each investor, the amount you will have actually paid may differ from the amount we’ve calculated. We show our calculation to illustrate how much your chosen funds or trusts have cost you.

  • Whenever you place a trade, you will pay a dealing charge which we provide you before any trade. The dealing charges include:

    • Online dealing commission £11
    • Telephone dealing commission £35
    • Reduced commission (Private or Premier Accounts or Lloyds Bank colleagues)
    • Foreign exchange conversion rate charge on international trades (1.25%), we adjust the available exchange rate by this percentage when you buy and sell international shares.

    • 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) and you won’t pay any Stamp Duty on AIM stocks or Exchange Traded Funds.
    • Any trade over £10,000 will also be liable for a levy of £1.50 which is paid to the Panel on Takeovers and Mergers (PTM).
    • Spanish Transaction Tax (0.2%) is an additional tax payment when you buy some Spanish stocks e.g. Banco Santander and International Consolidated Airlines Group.

  • A currency conversion must be made for an international trade, either from GBP into a foreign currency to buy, or from a foreign currency into GBP to sell. As our fee, when we do this we add 1.25% to the exchange rate for buys, and take away 1.25% for sales. An indicative exchange rate will be shown prior to trading and the final rate will be shown once the trade is completed.

  • Implicit Transaction Costs are not paid to us, but are incurred when you trade in any investment, which has one price to buy, and another to sell. This is a normal function of any market. The price to buy will usually be higher than the price to sell, with the mid-point between the two known as the mid-price.

    The Implicit Transaction Cost for a purchase is the price to buy, minus the mid-price, for a sale it is the mid-price minus the price to sell. We show this difference as a cost to make it clear that each trade you place will always involve a cost.


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Important legal information

The Lloyds Bank Direct Investments Service is operated by Halifax Share Dealing Limited. Registered Office: Trinity Road, Halifax, West Yorkshire, HX1 2RG. Registered in England and Wales no. 3195646. Halifax Share Dealing Limited is 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.

Important share dealing information