Costs and Charges

Summary of our online charges and dealing commission

  • £1.50 per trade to buy or sell funds
  • £11 per trade to buy and sell UK stocks
  • £8 per UK stock trade for frequent traders (more than 8 trades in a quarter)
  • £0 dealing commission for international trading, FX charges of 1% still apply
  • Trade regularly with our commission-free scheduled investment service.You can set up a direct debit on your share dealing account and select which investment to buy, when and at what cost or quantity. You can then sit back and leave the rest to us.
  • £20 six-monthly admin charge taken April and October each year.

Please note, if you open your account between the payment dates the six-monthly admin charge will be taken from the following payment date.


See the full list of charges (PDF, 87 KB)

This document includes information on all charges including government levies, stamp duty, telephone trading and foreign currency charges for international dealing.

  • Stamp Duty

    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.

    Spanish Transaction Tax

    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.

    French Transaction Tax

    French Transaction Tax (0.3%) is an additional tax payment when you buy some French stocks e.g. Total Energies and Renault.

    Italian Transaction Tax

    Italian Transaction Tax (0.2%) is an additional tax payment when you buy some Italian stocks e.g. Enel SPA and Unicredit SPA.

    PTM Levy

    Any trade over £10,000 will also be liable for a levy of £1 which is paid to the Panel on Takeovers and Mergers (PTM).

  • We do not pay interest rates on cash held in our Share Dealing Account, Share Dealing ISA, Investment Account or Investment ISA.

    There is currently no requirement for you to hold a minimum amount in cash, although you should ensure that there is sufficient cash held to cover charges when they are due for payment.

     

Lloyds Bank vs. our competitors

See how we compare on trading funds in a Share Dealing ISA

Our comparison is based on:

  • Making the most of your full ISA allowance by investing £20,000
  • Trading 6 times a year in funds
  • Our charges and competitors charges, excluding any fund manager charges or government taxes or levies

How we compare on trading funds in a Share Dealing ISA

 

 

Standard online commission (per trade)

Annual platform/admin charge

Calculation

Total cost

  

Llods logo

Standard online commission (per trade)

£1.50

Annual platform/admin charge

£40

Calculation

6 trades = (6 x £1.50) +

Annual admin charge (£40)

Total cost

£49

How we compare on trading funds in a Share Dealing ISA

 

 

Standard online commission (per trade)

Annual platform/admin charge

Calculation

Total cost

  

Hargreaves Lansdown logo

Standard online commission (per trade)

Free

Annual platform/admin charge

£90

Calculation

6 trades = (free) +

Annual platform charge of 0.45% (£90)

Total cost

£90

How we compare on trading funds in a Share Dealing ISA

 

 

Standard online commission (per trade)

Annual platform/admin charge

Calculation

Total cost

  

Interactive Investor logo

Standard online commission (per trade)

£5.99

Annual platform/admin charge

£119.88

Calculation

Monthly ‘investor’ price plan (£9.99 x 12 months). Includes 1 free trade per month.

Total cost

£119.88

How we compare on trading funds in a Share Dealing ISA

 

 

Standard online commission (per trade)

Annual platform/admin charge

Calculation

Total cost

  

Fidelity logo

Standard online commission (per trade)

Free

Annual platform/admin charge

£90

Calculation

6 trades = (free) +

0.35% annual service fee (£90)

Total cost

£90

See how we compare on trading Stocks and Shares in a Share Dealing ISA

Our comparison is based on:

  • Making the most of your full ISA allowance by investing £20,000
  • Trading 4 times a year in UK shares
  • Our charges and competitors charges, excluding any fund manager charges or government taxes or levies

How we compare on trading funds in a Share Dealing ISA

 

 

Standard online commission (per trade)

Annual platform/admin charge

Calculation

Total cost

  

Llods logo

Standard online commission (per trade)

£11

Annual platform/admin charge

£40

Calculation

4 trades = (4 x £11) +

Annual admin charge (£40)

Total cost

£84

How we compare on trading funds in a Share Dealing ISA

 

 

Standard online commission (per trade)

Annual platform/admin charge

Calculation

Total cost

  

Hargreaves Lansdown logo

Standard online commission (per trade)

£11.95

Annual platform/admin charge

£45

Calculation

4 trades = (4 x £11.95) +

Annual platform charge of 0.45% (a shares only portfolio is capped at £45)

Total cost

£92.80

How we compare on trading funds in a Share Dealing ISA

 

 

Standard online commission (per trade)

Annual platform/admin charge

Calculation

Total cost

  

Interactive Investor logo

Standard online commission (per trade)

£5.99

Annual platform/admin charge

£119.88

Calculation

Monthly ‘investor’ price plan (£9.99 x 12 months). Includes 1 free trade per month.

Total cost

£119.88

How we compare on trading funds in a Share Dealing ISA

 

 

Standard online commission (per trade)

Annual platform/admin charge

Calculation

Total cost

  

Fidelity logo

Standard online commission (per trade)

£7.50

Annual platform/admin charge

0.35% annual service fee (£90)

Calculation

4 trades = (4 x £7.50) + 0.35% annual service fee (£90)

Total cost

£120

Data for both tables has been taken from competitor websites, correct at 10/03/2023.
Please note, in addition to our charges you may have to pay government taxes or levies. Fund managers will also apply their own charges for funds and you can find these in the fund’s Key Investor Information Document.

Please remember that the value of investments and the income from them can fall as well as rise, and you may get back less than you invest. If you’re not sure about investing, seek financial advice. There will normally be a charge for that advice.

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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