ISA Commissions & Charges

Dealing commission per deal, UK Equities, Preference Shares, Convertibles, Investment Trusts, Overseas Transactions, UK Gilts, Debentures, Loan Stocks and Unit Trusts/OEICS

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.

A US Compliance Charge of £10 will be applied on all purchases of US domiciled securities* (excluding DRIP trades).

Although most overseas transactions can be accommodated within these rates, please enquire at time of dealing as additional charges may be applicable. A US Compliance Charge of £10 will be applied on all purchases of US domiciled securities* (excluding DRIP trades).

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.

Dividend Reinvestment Plan (DRIP Scheme)

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

ISA Administration

Transfer in PEP/ISAFree
Income distributionFree
Rights issues, takeovers, open offersFree
Half yearly statement and valuationFree
Transfer of ISA to surviving spouseFree (Additional Permitted Subscription)
Transfer stock out of the ISA£24 (per stock)
Transfer of Option shares into ISA£24 (per stock)
Failure to invest plan (on closure)£24
Cash withdrawal via BACS to bankFree
Cash withdrawal by cheque£5 plus VAT
CHAPS payments£25 plus VAT
Probate/Certified Valuations (Nominees)£12.50 plus VAT per stock (min £37.50)
Probate/Certified Valuations (own name)£20 plus VAT per stock (min £60)
Transfer of beneficial ownership£20 plus VAT per stock plus Stamp Duty
Returned cheques£20 plus VAT
Safe Custody of Foreign Stocks£tba enquire at time of deal

Custody Fee

0.25% charged six monthly in arrears on the total value of ALL your accounts with Pilling & Co. The fee has a minimum of £25.00 and a maximum of £90.00 if you are registered for using our on-line portal Client Web Access (CWA). For clients who request postal documents the minimum fee is £30.00 and a maximum of £100.00. In other words, any value over £40,000 (non CWA) and £36,000 (CWA) is free so you may wish to consolidate your investments from other managers.

US domiciled securities* will attract an annual custody fee of £25 per security (capped at £200 pa) and will be charged six monthly in arrears.

* US domiciled securities exclude Global Depository/shares and American Depository receipts/shares.