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Lifetime ISA charges

Annual management charges


Funds

If you have more than one HL account the annual charge to hold funds is applied to each account separately and is tiered within bands

0.45%

on the first £250,000 of funds

0.25%

for funds between £250,000 and £1m

0.1%

for funds between £1m and £2m

No charge

on the value of funds over £2m


Shares, investment trusts, ETFs, gilts and bonds

0.45% capped at £45 per annum


Cash

If you are unsure where to invest or simply wish to be out of the market, you can hold cash in your Lifetime ISA. There are no inactivity fees when you hold cash. No interest is paid on cash held in the HL Lifetime ISA.


Note: The investments you choose may have their own initial and annual charges and a bid-offer spread. Details are available in the key features document, the trading pages of our website and the contract notes.


We make it as easy as possible by collecting fees automatically from your account. Charges will be calculated based on the value of your chargeable holdings on the last day of the month and collected in the following month.

Charges will first be collected from cash on your account. To help you manage cash balances to meet the fees due we have introduced a "Suggested Minimum Cash Balance".

The Suggested Minimum Cash Balance is designed to give you an idea of the cash you should hold on account to meet future fees. It is just a suggestion, however. You can ignore this if you wish.

If you don't have any cash on your account, and you have fully subscribed so you can't top-up, you could consider adding money to a Fund & Share Account. If you have no cash in your Lifetime ISA, we will try to collect fees from cash you hold in your Fund & Share Account before we sell any of your holdings.

If there is insufficient cash in your lifetime isa to pay the fees due and insufficient cash in the Fund & Share Account too, we will sell sufficient holdings to cover the amount owed and restore the minimum cash balance. There will be a small charge of £1.50 per deal if an automatic sale is required.

Our system will look to collect fees in this order:

  1. Cash in the account in which the fees were generated. If no cash on the account then
  2. Loyalty bonuses received on units purchased before 1 April 2014. If no loyalty bonuses then
  3. Cash in your Fund & Share Account. If no cash in your Fund & Share Account then
  4. Sell holdings to cover fees from the account in which the fees were generated

We will normally sell units of the largest fund holding first. If, for whatever reason, we are unable to sell units of the largest fund holding, we will sell units in the next largest fund holding, and if you do not hold funds we may sell part of other holdings.


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Dealing charges


Fund dealing

There is no dealing charge when you buy and sell funds in our Lifetime ISA.

There is a charge for income reinvestment of 1% of the value of the trade, subject to a minimum charge of £1 and a maximum of £10 (income reinvested once it reaches a minimum of £10 per holding, or your chosen level).

Online and mobile app share dealing

The online share dealing charge is determined by the number of deals you placed across your account, in the previous calendar month.

£11.95

0-9 deals

£8.95

10-19 deals

£5.95

20 or more deals

Online limit orders - no additional charge

Income reinvestment - 1% of the value of the trade, subject to a minimum charge of £1 and a maximum of £10 (income reinvested once it reaches a minimum of £10 per holding, or your chosen level)

Automated sales to cover outstanding account fees - £1.50 per stock per month


Telephone and postal share dealing

1% of the value of the trade, subject to a minimum charge of £20 and a maximum charge of £50


Equity regular savings

Available on FTSE 350 shares, selected investment trusts and ETFs subject to a minimum of £25 per stock per month.

£1.50 per stock per month


UK Stamp duty

0.5% on purchases of UK shares (round up to the nearest £5 for residual shares)

PTM (Panel on Takeover & Mergers)

£1 on UK share deals over £10,000

Irish Stamp duty

1% on purchases of Irish shares

French Financial Transactions Tax

0.2% on purchases of French shares

Italian Financial Transactions Tax

0.12% on purchases of Italian shares


Overseas shares covered by the Hargreaves Lansdown Overseas Share Dealing Service are traded at our standard rates (above) and can be traded online, by phone or post. They will be dealt at the overseas market price and converted into sterling by either Hargreaves Lansdown or a UK-based market maker, at a rate based on the prevailing interbank exchange rate to which a fee will be added by Hargreaves Lansdown or the UK-based market maker, as applicable, through an additional spread of up to 1.5%. The additional spread will depend on the size of the deal, as per the table below. This fee is to cover the costs incurred in facilitating the Overseas Share Dealing Service. Further details are available on request.

Value of trade

Additional spread

£0 - £24,999

1.50%

£25,000 - £49,999

1.00%

£50,000 - £99,999

0.50%

£100,000 +

0.35%



Made in addition to the charges laid out above, where applicable.

Account closure fee

£25 + VAT

Automated sales to cover charges
(selling fund units or shares to cover fees)

£1.50 per stock per month

6 month statement and valuation (paperless)

No charge

6 month statement and valuation (paper)

£10 + VAT per statement & valuation


Transfer out (as cash)

£25

Transfer out (as stock)

£25 per holding


Other charges may apply in specific circumstances - see the Terms & Conditions for details.

Any questions?

If you have any questions about charges, or any other aspect of the Lifetime ISA, please do not hesitate to contact our friendly Investment Helpdesk

0117 900 9000

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More about the Lifetime ISA