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Charges and fees


You pay an annual charge for holding different investments with HL. It applies to each account you have with us, except for our Junior ISA which has no HL charges if you manage it online.

The charge is a percentage of the value of your investments, and it is calculated and collected each month. What you pay may be different each month as your investments change in value.


If you invest £15,000 in funds and £5,000 in shares in our Stocks and Shares ISA, your annual charge would be £90 per year, or £7.50 per month.*

*The monthly charge will depend on the exact value of your account each month. To keep things simple here, we did not include any investment growth.

The investments you choose may have their own separate charges. You can find these in each investment’s key investor information.

Our charges

There are no admin fees or charges for holding cash on any of our products.

We do not charge directly for holding cash or for cash transactions, but we do retain some interest. To find out about the interest you receive on cash in your accounts, see our interest rates.


Dealing fees

There are no fees for trading funds.

Dealing fees are paid whenever you place a trade in other investments with HL. These include shares, investment trusts, exchange-traded funds (ETFs), gilts and bonds.

You do not pay dealing fees on trades that are placed as part of a monthly Direct Debit. Learn more about investing by Direct Debit.

Fees for dealing online

You pay an online dealing fee every time you place a trade on the website or app.

The amount you pay will vary depending on how many trades you placed in the previous month. The exception to this is the Junior SIPP where online trades are always £5.95.

There are also no fees to place online trades in a Junior ISA.

There will be extra charges for buying overseas shares, unless they are for a Junior ISA.

Deals in the previous month Dealing charge
0 - 9 deals £11.95
10 - 19 deals £8.95
20 or more deals £5.95

Fees for dealing by post or phone

There is no charge to trade funds over the phone or by post.

For other investments, your fee will be 1% of the trade value with a £20 minimum and £50 maximum.

Government taxes

There are other charges that may apply to each of your trades.

  • UK Stamp Duty: 0.5% on UK shares (round up to the nearest £5 for residual shares)
  • PTM (Panel on Takeover and Mergers): £1 on UK share trades over £10,000
  • Irish Stamp Duty: 1% on Irish shares
  • French Financial Transactions Tax: 0.3% on certain French shares
  • Spanish Financial Transactions Tax: 0.2% on certain Spanish shares
  • Italian Financial Transactions Tax: 0.1% on certain Italian shares

Things we do not charge for

There is never a charge for:

  • opening an account and holding cash (uninvested money)
  • automatic reinvestment of income
  • account inactivity
  • moving money or investments between HL accounts
  • transferring out of HL
  • closing an HL account
  • Direct Debits
  • fund trades
  • paper statements

Managing your charges and fees

Checking your charges and fees

You can see your fees and charges in your account online. Log in and select the product that you would like to see the charges for. Select the Account Administration tab.

Your charges are also explained in your Investment Reports.

How we collect your charges and fees

There’s no need to remember to make any payments. Each month we’ll automatically take any charges and fees from cash in your account.

If there’s not enough cash in your account, we’ll sell some of your investments to cover charges. There is no additional charge for this, and we’ll let you know when this happens.

The amount of cash you need to keep available in your account depends on your investments. We’ll suggest a minimum cash amount for you, which you’ll be able to see in your account when you log in or by calling our Helpdesk.