Stocks and Shares ISA Charges and Interest Rates
Annual account charges and interest rates
Your annual charge depends on whether you hold funds or shares in your ISA. 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 Stocks and Shares ISA here.
Funds
| Value of funds | Charge |
|---|---|
Under £250k | 0.45% |
| £250k - £1m | 0.25% |
| £1m - £2m | 0.1% |
| Over £2m | No charge |
Other investments
Including UK and overseas shares, investment trusts, exchange-traded funds, VCTs, gilts and bonds.
£3.75 per month maximum
0.45% for values under £10,000
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 document. A bid/offer spread may also apply - see our Guide to Fund Prices (PDF) for details.
Here's an HL account charge example
If you hold £10,000 in funds and £3,000 in shares, your account charge would be £58.50 per year. That's an average of £4.88* per month.
*The monthly charge will depend on the exact value of your account each month. To keep things simple here, we didn't include any investment growth.
Open a Stocks and Shares ISAMore on the HL Stocks and Shares ISA
Dealing charges
Fund dealing
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 |
| 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 reinvested automatically, we’ll place the instruction once your income reaches £10 per holding, or an amount you choose. You won't pay dealing charges but for overseas shares, our normal foreign exchange charges apply.
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
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 (PDF) for details.
Charges FAQs
If you don’t have enough cash in your ISA to pay charges, we’ll debit your charges from your HL Fund and Share Account, if you have one.
If there’s not enough cash to pay charges in your ISA or Fund and Share Account, we’ll sell some of your ISA investments to cover charges, starting with the units from your largest fund holding. There is no additional charge for this.
For more details, please see our help and support section.
If there’s not enough cash in your ISA to pay charges and you can’t top up, you can add money to an HL Fund and Share Account instead. We’ll take your charges there instead of selling your ISA investments.
It’s important to keep some cash available in your ISA for paying charges. You can also hold cash while deciding where to invest.
See our cash interest rates page for details.
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Help and support
If you have any questions about ISAs, you can speak to one of our UK-based client support experts.