Fund and Share Account
Annual account charges
Your annual charge depends on whether you hold funds or shares in your Fund and Share Account. There are no charges for opening an account, holding cash or inactivity.
Including UK and overseas shares, investment trusts, exchange-traded funds, VCTs, gilts and bonds.
|Value of funds||Charge|
|On the first £250,000||0.45%|
|On the value between £250,000 - £1m||0.25%|
|On the value between £1m - £2m||0.1%|
|On the value over £2m||No charge|
Important note about charges
The investments you choose may have their own charges, such as charges from a particular fund manager. These are in addition to our account charges. You can find these in each investment’s key investor information. If investing in funds, a bid/offer spread may also apply - see our Guide to Fund Prices for details.
There's no dealing charge for buying or selling funds.
Online and mobile app share dealing
Including UK and overseas shares*, investment trusts, exchange-traded funds, gilts and bonds.
|Number of deals in previous month||Charge per deal|
|0 - 9||£11.95|
|10 - 19||£8.95|
*There’s an added foreign exchange charge for overseas share deals, depending on deal size. See our overseas share dealing page for details.
If you’d like any share income automatically reinvested, we charge 1% of the trade value (minimum £1, maximum of £10). There is no charge to reinvest fund income. We’ll reinvest your income once it reaches £10 per holding, or the amount you choose.
How to pay charges
There’s no need to remember to make any payments. Each month we’ll automatically take charges from cash in your account.
If there’s not enough cash in your account, we’ll sell some of your investments to cover charges. To sell shares, we'll charge £1.50 per deal. There is no charge to sell funds.
How much 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.
Government tax and levies (per deal)
UK Stamp Duty 0.5% on purchases of UK shares (round up to the nearest £5 for residual shares) PTM (Panel on Takeover and Mergers) £1 on UK share deals over £10,000 Irish Stamp Duty 1% on purchases of Irish shares French Financial Transactions Tax 0.3% on purchases of certain French shares Spanish Financial Transactions Tax 0.2% on purchases of certain Spanish shares Italian Financial Transactions Tax 0.1% on purchases of certain Italian shares
Telephone share dealing
1% of the trade value, minimum charge £20, maximum £50.
- Direct Debit into investments
Made in addition to the charges above, where applicable.
£1.50 per deal for shares. No charge for funds.
Other charges may apply in specific circumstances - see the terms and conditions for details.
It's important to keep some cash available in your HL Fund and Share Account for paying charges. You can also hold cash while deciding where to invest.
See our cash interest rates page for details.