Our charges are changing
Almost 45 years ago, Hargreaves Lansdown was founded to give the best information and the best service, at the best value. Today, those founding principles remain firmly at the heart of our business. We are continuing to invest in providing even greater value to our clients, whether through our products, our service or the experience you have when you interact with us.
As part of our continued focus on value, from 1 March 2026, we are introducing some changes to our charges, providing even more clients with better value for money.
Charges explained
Account charges are what you pay to hold investments in an HL account. They’re charged as a percentage of the value of your investments, calculated and collected each month.
Charges are calculated in bands and what you pay may be different each month as your investments change in value. This charge applies to each account separately.
The investments you choose may have their own separate charges, which can be found on each investment's factsheet.
Dealing charges are what you pay each time you buy or sell an investment.
What's changing?
The main changes to our charges include:
- Account charges. We are reducing our annual account charges from 0.45% to 0.35% on Stocks and Shares ISA and SIPP accounts.
- For Fund and Share Accounts, we’re reducing account charges for holding funds, from 0.45% to 0.35%, and introducing a charge of 0.35% to hold shares. You can see full charging tiers below.
- New account charge limits for shares (includes investment trusts, exchange traded funds (ETFs) and bonds). You will never pay more than £150 per year in account charges for holding shares in each of our SIPP, Stocks and Shares ISA or Fund and Share Account.
- Dealing charges. We are reducing the amount you pay to buy or sell shares with us, from £11.95 to £6.95 per online trade. You can see full dealing tiers below.
- We’re introducing a charge of £1.95 per trade to buy or sell funds online.
You can see how all of our current and future charges compare below.
On this page
Stocks and Shares ISA
Account charge for funds
Account charges are ongoing charges based on a percentage of the value of your investments.
| Total invested in funds (tiered) | Current annual charge | Future annual charge |
|---|---|---|
£0 - £250,000 | 0.45% | 0.35% |
£250,000 - £1mn | 0.25% | 0.25% |
£1mn - £2mn | 0.10% | 0.10% |
Over £2mn | No charge | No charge |
Online dealing charge for funds
Dealing charges are what you pay each time you buy or sell an investment.
| Fund trades | Current charge | Future charge |
|---|---|---|
Any | No charge | £1.95 per trade |
It's still free to buy funds via monthly regular investing.
Account charge for shares, ETFs, investment trusts and bonds
Account charges are ongoing charges based on a percentage of the value of your investments.
| Total invested | Current charge | Future charge |
|---|---|---|
Any | 0.45% (capped at £45 a year) | 0.35% (capped at £150 per year) |
Online dealing charges for shares, ETFs, investment trusts and bonds
Dealing charges are what you pay each time you buy or sell an investment.
| Total trades | Current charge | New charge |
|---|---|---|
0-9 trades last month | £11.95 per trade | £6.95 per trade |
10-19 trades last month | £8.95 per trade | £6.95 per trade |
20+ trades last month | £5.95 per trade | £3.95 per trade |
There are no dealing charges when you buy selected shares, investment trusts and ETFs via monthly regular investing. Extra charges apply for buying overseas shares.
Fund and Share Account
Account charge for funds
Account charges are ongoing charges based on a percentage of the value of your investments.
| Total invested in funds (tiered) | Current annual charge | Future annual charge |
|---|---|---|
£0 - £250,000 | 0.45% | 0.35% |
£250,000 - £1mn | 0.25% | 0.25% |
£1mn - £2mn | 0.10% | 0.10% |
Over £2mn | No charge | No charge |
Online dealing charge for funds
Dealing charges are what you pay each time you buy or sell an investment.
| Fund trades | Current charge | Future charge |
|---|---|---|
Any | No charge | £1.95 per trade |
It's still free to buy funds via monthly regular investing.
Account charge for shares, ETFs, investment trusts and bonds
Account charges are ongoing charges based on a percentage of the value of your investments.
| Value | Current charge | New charge |
|---|---|---|
Any | No charge | 0.35% (capped at £150 per year) |
There’s currently no charge to hold Venture Capital Trusts (VCTs) in a Fund and Share Account. From 1 March, our 0.35% account charge will apply (capped at £150 per year).
Online dealing charges for shares, ETFs, investment trusts and bonds
Dealing charges are what you pay each time you buy or sell an investment.
| Total trades | Current charge | New charge |
|---|---|---|
0-9 trades last month | £11.95 per trade | £6.95 per trade |
10-19 trades last month | £8.95 per trade | £6.95 per trade |
20+ trades last month | £5.95 per trade | £3.95 per trade |
There are no dealing charges when you buy selected shares, investment trusts and ETFs via monthly regular investing. Extra charges apply for buying overseas shares.
SIPP
Account charge for funds
Account charges are ongoing charges based on a percentage of the value of your investments.
| Total invested in funds (tiered) | Current annual charge | Future annual charge |
|---|---|---|
£0 - £250,000 | 0.45% | 0.35% |
£250,000 - £1mn | 0.25% | 0.25% |
£1mn - £2mn | 0.10% | 0.10% |
Over £2mn | No charge | No charge |
Online dealing charge for funds
Dealing charges are what you pay each time you buy or sell an investment.
| Fund trades | Current charge | Future charge |
|---|---|---|
Any | No charge | £1.95 per trade |
It's still free to buy funds via monthly regular investing.
Account charge for shares, ETFs, investment trusts and bonds
Account charges are ongoing charges based on a percentage of the value of your investments.
| Value | Current charge | New charge |
|---|---|---|
Any | 0.45% (capped at £200 a year) | 0.35% (capped at £150 per year) |
Online dealing charges for shares, ETFs, investment trusts and bonds
Dealing charges are what you pay each time you buy or sell an investment.
| Total trades | Current charge | New charge |
|---|---|---|
0-9 trades last month | £11.95 per trade | £6.95 per trade |
10-19 trades last month | £8.95 per trade | £6.95 per trade |
20+ trades last month | £5.95 per trade | £3.95 per trade |
There are no dealing charges when you buy selected shares, investment trusts and ETFs via monthly regular investing. Extra charges apply for buying overseas shares.
Lifetime ISA
Account charges
Account charges are ongoing charges based on a percentage of the value of your investments. There are no changes to the account charges for any investments held in a Lifetime ISA.
Online dealing charge for funds
Dealing charges are what you pay each time you buy or sell an investment.
| Value | Current charge | Future charge |
|---|---|---|
Any | No charge | £1.95 per trade |
It's still free to buy funds via monthly regular investing.
Online dealing charges for shares, ETFs, investment trusts and bonds
Dealing charges are what you pay each time you buy or sell an investment.
| Total trades | Current charge | New charge |
|---|---|---|
0-9 trades last month | £11.95 per trade | £6.95 per trade |
10-19 trades last month | £8.95 per trade | £6.95 per trade |
20+ trades last month | £5.95 per trade | £3.95 per trade |
There are no dealing charges when you buy selected shares, investment trusts and ETFs via monthly regular investing. Extra charges apply for buying overseas shares.
Junior SIPP
Account charge for funds
Account charges are ongoing charges based on a percentage of the value of your investments.
| Total invested in funds (tiered) | Current annual charge | Future annual charge |
|---|---|---|
£0 - £250,000 | 0.45% | 0.35% |
£250,000 - £1mn | 0.25% | 0.25% |
£1mn - £2mn | 0.10% | 0.10% |
Over £2mn | No charge | No charge |
Online dealing charge for funds
Dealing charges are what you pay each time you buy or sell an investment.
| Fund trades | Current charge | Future charge |
|---|---|---|
Any | No charge | £1.95 per trade |
It's still free to buy funds via monthly regular investing.
Account charge for shares, ETFs, investment trusts and bonds
Account charges are ongoing charges based on a percentage of the value of your investments.
| Value | Current charge | New charge |
|---|---|---|
Any | 0.45% (capped at £200 a year) | 0.35% (capped at £150 per year) |
Dealing charges for shares, ETFs, investment trusts and bonds
Dealing charges are what you pay each time you buy or sell an investment.
| Total trades | Current charge | New charge |
|---|---|---|
Any | £5.95 per trade | £3.95 per trade |
There are no dealing charges when you buy selected shares, investment trusts and ETFs via monthly regular investing. Extra charges apply for buying overseas shares.
Junior Stocks and Shares ISA
Account charges and online dealing charges don’t apply in our Junior ISA. But we are introducing a foreign exchange charge for overseas share trading.
Active Savings Account
It’s free to hold an Active Savings account and we continue to offer great rates from a wide range of banks.
Cash ISA
It’s free to hold a Cash ISA and we continue to offer great rates from a wide range of banks.
Phone and postal dealing
Charges for trading via the telephone or post are changing.
| Investment type | Current charge | Future charge |
|---|---|---|
Share, investment trust, ETF, or bond | 1% of trade value - (£20 min, £50 max) | £29 per trade |
Fund | No charge | £29 per trade |
VCT | £50 per trade | £29 per trade |
Foreign exchange for overseas share dealing
Foreign exchange (FX) charges apply when you buy or sell shares listed on a non-UK market or stock exchange. This applies on top of our standard dealing charge.
Current FX charges
| Value of trade | Current FX charge |
|---|---|
£0 - £5,000 | 1.00% |
£5,000 - £10,000 | 0.75% |
£10,000 - £20,000 | 0.50% |
Over £20,000 | 0.25% |
Future FX charges
| Value of trade | Future FX charge |
|---|---|
£0 - £10,000 | 0.99% |
£10,000 - £25,000 | 0.50% |
Over £25,000 | 0.20% |
Ongoing financial advice
If you pay for ongoing financial advice outside of our Portfolio Management Service, our account charges are changing.
| Total invested in funds (tiered) | Current annual charge | Future annual charge |
|---|---|---|
£0 - £250,000 | 0.45% | 0.25% |
£250,000 - £1mn | 0.25% | 0.25% |
£1mn - £2mn | 0.10% | No charge |
Over £2mn | No charge | No charge |
Account charges are what you pay to hold investments in an HL account. This is not the cost of receiving ongoing financial advice.
HL Ready-Made Pension Plan
The HL Ready-Made Pension Plan is an investment exclusive to the HL SIPP and Junior SIPP.
Total charge for HL Ready-Made Pension Plan
| Value invested | Total current charge | Total future charge |
|---|---|---|
Any | 0.75% (max) | 0.45% |
From 1 March 2026, investments in the HL Ready-Made Pension Plan will not be included when calculating fund tiers for SIPP account charges.