Bare Trust Account charges and interest rates
Annual account charges
Your annual charge depends on whether you hold funds or shares in your Bare Trust Account. There are no charges for opening an account, holding cash or inactivity.
You can see the interest rates paid on any cash held in a Bare Trust Account here.
Shares
No charge
Including UK and overseas shares, investment trusts, exchange-traded funds, VCTs, gilts and bonds.
Funds
| Value of funds (tiered) | 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 |
What you pay is based on the value of your investments. Fund charges are calculated in bands: 0.45% each year on the first £250,000 of funds, 0.25% each year on the value of funds between £250,000 and £1m, 0.1% each year for funds between £1m and £2m, and no charge on the value of funds over £2m.
Important notes about charges: The investments you choose may have their own charges, for example 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 document. A bid/offer spread may also apply - see our Guide to Fund Prices for details.
Dealing charges
Dealing charges are what you pay each time you buy or sell an investment.
Fund dealing
Includes unit trusts and open-ended investment companies (OEICs).
There’s no dealing charge for buying or selling funds.
Share dealing – online and mobile app
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 |
| 20+ | £5.95 |
*There’s an added foreign exchange charge for overseas share deals, depending on deal size. See our overseas share dealing page for details.
Automatic reinvestment
If you’d like any share income automatically reinvested, we’ll reinvest your income when it reaches £10 per holding or the amount you choose. There’s no charge for this.
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. There is no additional charge for this.
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.
Other charges
| UK Stamp Duty Reserve Tax (SDRT)/Stamp Duty | 0.5% on purchases of UK shares. For shares that can't settle electronically, rounded up to the nearest £5 (for purchases worth more than £1,000) |
| PTM (Panel on Takeover and Mergers) | £1.50 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 |
1% of the trade value, minimum charge £20, maximum £50.
You can set up a Direct Debit from £25 per month. There’s no charge for a Direct Debit into funds, shares and selected investment trusts and exchange-traded funds (ETFs).
Made in addition to the charges above, where applicable.
| Cash withdrawals | No charge |
| Account closure fee | No charge |
| Limit orders | No charge |
| Automated sales to cover charges (selling fund units or shares to cover fees) | No charge |
| Quarterly statement and valuation (paperless) | No charge |
| Quarterly statement and valuation (paper) | No charge |
| Transfer out (as cash) | No charge |
| Transfer out (as stock) | No charge |
Other charges may apply in specific circumstances - see the terms and conditions for details.