Execution Only JISA
Q. What are the annual costs of an execution only JISA?
A. The annual custody charge for your Pilling JISA is 0.5% of the value with a minimum of only £20 and a maximum of £70.
Q. What are the standard dealing charges for an execution only JISA?
A. With a minimum of only £10, our commission per deal is 1.65% of the first £10,000 value and 0.5% thereafter on any excess. We must charge you Government stamp duty at 0.5% of the value when buying UK shares, preference stocks and convertibles.
Q. Are there any extra charges on overseas securities?
A. Whenever possible we trade and hold overseas securities through Crest and although the handling costs are higher than UK securities, Pilling & Co absorb the fees and no extra charge is made.
However, if you choose an investment which cannot be traded or held via Crest and a third party has to be used, the cost incurred will be passed on to you. Although most overseas transactions can be accommodated within our commission rates, please enquire at time of dealing as additional charges may be applicable.
Q. What are the annual costs of a Managed JISA?
A. The annual cost for the Managed JISA is approximately 1.5% of the value per annum. This is charged within the fund the JISA is invested in and will not show on your Pilling statement.
Q. What are the dealing charges for a Managed JISA?
A. No commission is charged on the purchase in the Managed JISA as we are paid commission by the managers out of their initial charge. There is no commission charged when sales are made to switch funds under the discretionary agreement. Sales to facilitate a transfer to another provider will be charged at our normal rate of 1.65% on the first £10,000 and 0.5% thereafter with a minimum of £10.