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Costs and Charges

What do I have to pay?

When choosing which account is right for you, please consider the fees that we charge for the overall management of the account. We’ve summarised the key charges in the tables below. If you’re looking for more detail read on for full charges or download our handy factsheet.

Dealing Charges

Online equity trades *

£11.00 per deal (first 7 deals per quarter)

£8.00 (8+ deals per quarter)

Online fund trades

£1.50 per deal

Telephone trades

£35.00 per deal

Foreign currency charges
(international trades only)

1% of exchange rate

*Our standard dealing commission rates will apply for the first 7 trades placed online across your Share Dealing Account or Share Dealing ISA, per calendar quarter (ending 31 March, 30 June, 30 September and 31 December). The Frequent Trader rate will apply to any additional deals you place in the same quarter. 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.

Account administration charges

Share Dealing account charge
(waived if you also have an ISA)*

£20.00 six monthly

Share Dealing ISA charge*

£20.00 six monthly

*This is taken in full in April and October. If you decide to close your ISA, the account fee will be payable up to date of closure.

 Fact sheet

Charges Factsheet

Our costs and charges PDF details all charges and includes more examples of what you might pay in certain situations including international investing and investing in funds.

Download Costs and Charges (PDF)

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Charge Amount

Regular investments
£1.50 per deal
Dividend reinvestment 2% of dividend (max £10.00)
Share certificate sales ** £75.00
Foreign currency charges***
(international trades only)
1% of exchange rate
Stamp Duty
(UK stock purchases only)
0.5% of deal value
(1% for Irish stocks)
Panel of Takeovers and Mergers
levy(trades of over £10,000 only)
£1.00

**Where you deal in certificated shares online or over the phone, different commission rates and charges will apply. Any share certificates traded with us need to be registered in the same name as your share dealing account.

***Foreign currency conversions are required to facilitate the settlement of international transactions. When buying or selling international securities, we adjust the exchange rate by 1% and keep the difference as our fee. 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.

Please note: All prices include VAT (currently 20%) where applicable.

If you invest in a fund, you will also pay Ongoing Charges and Transaction Costs to the fund manager each year for looking after the fund and buying and selling assets within the fund. This is taken from the value of the fund and the exact amount is listed in each fund’s documentation.

Charge Amount
Typical ongoing charge 0.25% to 1.5% of your investment (exact charges are listed in the fund’s information documents)
Typical transaction costs 0.5% (you will be provided with the exact cost, if available, before trading)

 

Charge Amount
Other admin charges (cash
withdrawal by cheque, ad hoc
statement/valuation, ad hoc tax voucher, voiding
of ISA, repair of ISA).
£12.50 for each service
CHAPS payment £20.00
Transfers out to another
provider
£25.00 per holding (max £125)
Withdrawal of stock in
certificate form
(CREST stocks only)
£25.00 per stock
Replacement share certificate £30.00 per stock and any additional third party charges
Charge Amount
Probate valuation No charge
Distribution of assets No charge
Dealing commission (sales only) £11.00 per individual stock
Transfer of stock(s) to another provider £25.00 per individual stock (max £125)
Withdrawal of stock onto a certificate £25.00 per certificate

How do we take payment?

Any charges will be taken from the share dealing account where possible, however where there isn’t an available balance to pay some, or all of the charges, we’ll contact the executor by letter requesting an alternative payment method.

If you’d like to pay any of the charges by cheque please make this payable to Lloyds Bank Share Dealing and send to the following address:

Lloyds Bank Share Dealing
Legal Department
Lovell Park Road
Leeds
LS1 1NS

Please note: All prices include VAT (currently 20%) where applicable.

Dealing Charges

Charge Amount
Online trades * £10.00 per deal (first 7 deals per quarter)
Frequent trader online trades £8.00 (8+ deals per quarter)
Online fund trades £1.50 per deal
Telephone trades £25.00 per deal

*Our standard dealing commission rates will apply for the first 7 trades placed online across your Share Dealing Account or Share Dealing ISA, per calendar quarter (ending 31 March, 30 June, 30 September and 31 December). The Frequent Trader rate will apply to any additional deals you place in the same quarter. 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.

Account Administration Charges

Charge Amount
Share Dealing account charge (waived if you also have an ISA) £10.00 six monthly
Share Dealing ISA charge £10.00 six monthly

This is taken in full in April and October. If you decide to close your account, the account fee will be payable up to date of closure.

Please note: All prices include VAT (currently 20%) where applicable.

Customer examples

The examples below show how much a customer may pay in different scenarios, depending on their account, how often they trade, and any other services they may use.

Example

Tom the Trader

Tom has a Share Dealing ISA and a Share Dealing Account and trades regularly, averaging three share trades a month, apart from at Christmas and when he’s on holiday. He benefits from our frequent trader rate on some of his trades. This year, Tom will pay:

ISA account charge (2 six monthly charges of £20.00) - £40.00
Online trades (23 trades at £11.00 and 10 trades at £8.00 each) - £333.00
Stamp Duty (0.5% of £74,667 – Tom’s investment after commission) - £373.34
Total - £746.34

Tom’s investments total £75,000, which means that his charges are 1.0% of this.

Example

Tamsin the Telephone Trader

Tamsin uses her ISA to trade shares a few times a year and prefers to use the phone as her internet connection can be a bit hit and miss. This year, Tamsin will pay:

ISA account charge (2 six monthly charges of £20.00) - £40.00
Telephone trades (5 trades at £35.00 each) - £175.00
Stamp Duty (0.5% of £4,825 – Tamsin’s investment after commission) - £24.13
Total - £239.13


Tamsin has invested a total of £5,000 this year, and her charges equal 4.78% of this amount.

Example

Farouk the Fund Fan

Farouk likes to invest in funds to get a bit of variety, and has invested £1,000 each into three different funds this year, each with its own ongoing charges. This year, if his funds don’t go up or down in value, Farouk will pay:

Share Dealing account charge (2 six monthly charges of £20.00) - £40.00
Online trades (3 trades at £1.50 each) - £4.50
Ongoing fund charge (1.11%) - £11.10
Ongoing fund charge (1.19%) - £11.90
Ongoing fund charge (0.86%) - £8.60
Transaction costs (0.50% of each fund) - £15.00
Total - £91.10

Farouk has invested £3,000 this year, and his charges represent 3.04% of his total investment.