Junior SIPP
Charges

*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.

Other charges

• Government tax and levies (per deal)

  UK Stamp Duty Reserve Tax and 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

• Telephone 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, shares and selected investment trusts and exchange-traded funds (ETFs).
• Account administration

  Made in addition to the charges above, where applicable.

  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

• Transfers

  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.

Charges FAQs

How are charges paid?

There's no need to remember to make any payments – we'll automatically take our charges each month. You'll need to keep cash in your account to pay any charges – there is a suggested minimum cash balance based on the size of your child's Junior SIPP, but you can hold as much cash as you like.

What happens if there's not enough cash to pay charges?

If you have fully contributed to your child's Junior SIPP and there is not enough cash to cover the outstanding charges, you can make a debit card payment directly into the Loyalty Bonus Account by calling our helpdesk on 0117 980 9897.

After that, and as a final resort, we’d sell holdings in your child's Junior SIPP to cover any charges and restore the suggested minimum cash balance. There is no additional charge for this. We will normally sell units of your largest fund holding first.

Important information

The charges above don’t include the cost of any advice you might need. If you need financial advice, our adviser would agree this cost with you separately.