PEP & ISA Commissions & Charges at a Glance (Dealing Commissions are per Deal)

1. UK Equities, Preference Shares, Convertibles, Investment Trusts, Overseas Transactions, UK Gilts, Debentures and Loan Stocks etc.

Minimum	£10
1.65% on the first	£10,000
0.50% on the next	£90,000
0.40% on the excess over	£100,000

UK purchases add 0.5% Stamp Duty.

For Overseas transactions please add any Overseas Tax or Stamp Duty, plus transaction and annual charge of £50 where a 3rd party settlement agent is required. (As stocks vary, please enquire at the time of dealing).

2. Unit Trusts/OEICS

Sales are on the same scale as (1) above. Purchases are usually nil commission due to a rebate to Pilling & Co by the Managers, otherwise they are charged as (1) above.

3. Bed & ISA Charges

Sales are free of commission, purchases are charged at normal rates. The minimum is £10. For sales of a different security to that repurchased we make a flat £10 charge.

4. Dividend Reinvestment Plan (DRIP Scheme)

0.5% (no minimum) plus UK purchases add 0.5% Stamp Duty.

5. ISA Administration

Transfer in PEP/ISA	Free
Income distribution	Free
Rights issues, takeovers, open offers	Free
Half yearly statement & valuation	Free
Transfer stock out of the ISA	£20 + vat (per stock)
Transfer of Option shares into ISA	£20 + vat (per stock)
Failure to invest plan (on closure)	£20 + vat

6. Charges to “Dividend Fee” ISAs only

Dividend Handling Fee £6.75 (max 2 per year per stock).

No Annual Fee.

7. Charges to “Annual Fee” ISAs only

No Dividend Handling Fee.

Annual Fee 0.5% + vat (minimum Fee £40 + vat maximum Fee £150 + vat).(ISA0408)A040