The price movement of a share is driven by the balance between the number of people wanting to buy or sell at
any given time. This is known as supply and demand and linked to investors’ views on the company’s
If the outlook is improving, more people might want to buy the shares and willing to pay a higher price for
those shares. But if a company’s prospects are less rosy, fewer people may be willing to buy the shares or
more people might look to sell shares, causing the price to fall.
There are three charges to consider before buying UK shares.
Our maximum online dealing fee to buy and sell shares is £11.95 per trade – deal regularly and this
could fall to £5.95 per deal. You can also deal over the phone or by post from £20 - £50 per
There’s no annual charge to hold shares in the Fund and Share Account. It costs up
to 0.45% per year to hold shares in an HL ISA or SIPP (capped at £45 in the ISA and £200 in the
Stamp duty and PTM levy
There’s a government stamp duty charge of 0.5% when buying UK listed shares. But you won’t have to
pay stamp duty when you sell.
And there’s also a flat £1 fee for those that buy or sell over £10,000 worth of shares. This
is the Panel on Takeovers and Mergers levy.
Yes, stamp duty or stamp duty reserve tax (SDRT) is paid on all UK equity purchases at the prevailing rate at the time of dealing.
When purchasing UK shares which are able to settle through the UK electronic settlement system CREST, you will pay 0.5% of the value of the trade as Stamp Duty Reserve Tax (“SDRT”). If purchasing “Residual Securities” – those which cannot be settled through the CREST system – you will pay 0.5%, rounded up to the nearest multiple of £5, on any trades valued at greater than £1000.
Stamp duty on Irish registered stock is currently charged at 1%.
The UK stock market is open for trading between 8am and 4.30pm on most business days. The only exceptions to
this are the last working days before Christmas and the New Year, when the stock market closes at 12.30pm.