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dealing charges
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| Commission rates |
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| VAT exempt |
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Trader option
You can buy or sell shares up to the value of £25,000 for a flat dealing commission of £7.50. Deals over this size are charged at an additional £7.50 per £25,000 of value. The Trader option costs just £20 + VAT each quarter in advance, no matter how many accounts you've got.
Examples
Standard tariff:
Your dealing charges will be related directly to the amount you invest, or the proceeds of a sale, as shown below. When you choose batch dealing, purchases start from £2.50 and sales from £7.50, and realtime sales and purchases online start from £7.50.
Let's say you want to buy some shares in ABC plc. The shares can be bought for 100p each, and you want to invest £500, inclusive of dealing charges and stamp duty.
Stamp duty is 0.5% of the purchase value and dealing commission on the standard tariff is 1%, minimum £2.50.
| Cost of shares | £492.00 | (492 shares at 100p each) |
| Stamp duty | £2.46 | (£492 x 0.5%) |
| Commission | £4.92 | (£492 x 1.0%) |
| Total Cost | £499.38 | |
Trader option:
Let's say you want to buy some shares in XYZ plc. The shares can be bought for 100p each, and you want to invest £5,000 inclusive of dealing charges and stamp duty.
Stamp duty is 0.5% of the purchase value and dealing commission is £7.50 fixed.
| Cost of shares | £4,967.00 | (4967 shares at 100p each) |
| Stamp duty | £24.84 | (£4967 x 0.5%) |
| Commission | £7.50 | |
| Total Cost | £4,999.34 | |
Had you bought these shares under the standard tariff, dealing commission would have been £49.25 and you'd only have bought 4,925 shares. So even if this was your only transaction in that quarter, your £20.00 fee (+ VAT) would still have saved you £18.25.
Stamp Duty 
0.5% payable on the purchase of UK-listed shares. Other rates may apply outside the UK.
PTM Levy 
£1 on all transactions over £10,000
Quarterly re-investment 
0.5% including VAT, plus Stamp Duty. No minimum if contract note sent by email.
Preferred Funds 
Purchases of The Share Centre's Preferred Funds are commission-free.
Unit trusts and OEICs 
Any discount we negotiate for you on the initial fee will be used to buy additional units.
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subscription fee
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£10 plus VAT per quarter, payable in advance
What this fee covers
for you:
- A 6-monthly statement of your account by email or post
- Safe keeping of your investments, so you don't face potential costs and delays because of lost certificates
- Email price alerts
- Twice yearly copies of our magazine, The Shareholder.
behind the scenes:
- Handling of Rights Issues and other Corporate Actions that affect your shares
- Monitoring your price limits, stop-loss and tracking stop-loss limits for up to 365 days.
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Credit interest
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Account holders who are resident in the UK for tax purposes will receive interest on cash balances held in their account, paid at the Bank of Scotland Base Rate less 3.5%. Interest is paid gross of UK Income Tax and is credited to your account in January, April, July and October.
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SIPP administration fees
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| Establishment Charge | Nil |
| Transfer in of another approved pension scheme | £60 per transfer |
| Fund value | Nil to £25,000 |
| £25,000 - £50,000 |
| £50,000 and above |
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| £20 | Payable in arrears at the end of each March, June, September and December |
| £30 |
| £40 |
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| Transaction charge | Nil |
| Change of stockbroker | £50 |
| Insufficient funds to pay benefits or fees | £25 |
Benefits
| Income withdrawal - unsecured pension (USP), or | £150 per annum up to age 75, or |
| alternatively secured pension (ASP) (note 1) | £250 per annum from your 75th birthday, payable annually in advance |
| Designation of additional funds to existing USP fund (note 2) | £75 |
| Payment of death benefits | Time/cost basis |
| Transfer out to another registered pension scheme, or annuity purchase | £75 |
Notes
1. The annual income withdrawal charge will become payable immediately funds are designated to provide USP or ASP.
2. No additional charge is made when the first funds are designated to provide unsecured pension, or funds are designated to alternatively secured pension at age 75.
All charges are subject to VAT in addition. All charges are due to A J Bell Management Limited and will be deducted from the SIPP Cash Account.
A J Bell Management Limited is authorised and regulated by the Financial Services Authority. Bank of Scotland is the Provider of the SIPP. All SIPP administration fees subject to VAT in addition.
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