Annual account charges
Your annual charge depends on whether you hold funds or shares in your Lifetime ISA. There are no charges for opening an account, holding cash or inactivity.
|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|
Including UK and overseas shares, investment trusts, exchange-traded funds, VCTs, gilts and bonds.
Important note 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.
Example of account charges
If you invest £3,000 in funds and £1,000 in shares, your charges would be £1.50 per month*.
Annual charge (0.45%)
Annual charge (0.45%)
Annual charge (0.45%)
*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.
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 fund or share income automatically reinvested, we charge 1% of the trade value (minimum £1, maximum of £10). 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. We’ll charge £1.50 per deal if we have to do 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.
Government taxes 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 (where the total cost of the transactions is more than 1,000 euros) French Financial Transactions Tax 0.3% on purchases of certain French shares Italian Financial Transactions Tax 0.1% on purchases of certain Italian shares
Telephone and postal share dealing
1% of the trade value, minimum charge £20, maximum £50.
Direct Debit into investments
You can set up a Direct Debit from £25 per month. There's no charge for a Direct Debit into funds. For FTSE 350 shares and selected investment trusts and exchange-traded funds (ETFs) there's a charge of £1.50 per stock per month.
Made in addition to the charges above, where applicable
£1.50 per stock per month
Other charges may apply in specific circumstances - see the terms and conditions for details.
What if there’s not enough cash in my account to pay charges?
If you don’t have enough cash in your Lifetime 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 Lifetime ISA or Fund and Share Account, we’ll sell some of your Lifetime ISA investments to cover charges, starting with the units from your largest fund holding. We’ll charge £1.50 per deal in that case.
For more details, please see our help and support section on collecting charges.
What if I've reached the full Lifetime ISA allowance and can’t top up?
If there’s not enough cash in your Lifetime 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 Lifetime ISA investments.
How much interest do I earn on cash in my Lifetime ISA?
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.