Dealing commission per deal, UK Equities, Preference Shares, Convertibles, Investment Trusts, Overseas Transactions, UK Gilts, Debentures, Loan Stocks and Unit Trusts/OEICS
| Minimum | £10 |
| 1.65% on the first | £10,000 |
| 0.50% on the next | £90,000 |
| 0.40% on the excess over | £100,000 |
For 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 (excl US) can be accommodated within these rates, please enquire at time of dealing as additional charges may be applicable.
Bed & SIPP Charges
Sales are free of dealing commission, purchases are at normal rates. The minimum commission 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.
SIPP Administration
Charges levied by Investcentre all are plus VAT:
| up to £100,000 | £50 quarterly |
| £100,000 to £200,000 | £60 quarterly |
| over £200,000 | £70 quarterly |
| Transfer in (in specie only) | £60 per scheme |
| Transfer out | £75 per scheme |
| Flexi-access drawdown | £150 pa |
| Capped drawdown up to age 75 | £150 pa in advance |
| Capped drawdown after age 75 | £250 pa in advance |
| Regular payments of uncrystallised funds pension lump sum | £150 pa |
| One-off payment of uncrystallised funds pension lump sum | £75 per request |
| Ad-hoc income payment from existing drawdown funds | £25 per request |
| Designate additional funds to drawdown | £75 |
| Convert from capped to flexi-access drawdown | £75 |
| Account closure (when funds are depleted via withdrawal) | £250 |
| Annuity purchase, re-calculation of income | £75 |
Charges levied by Pilling & Co:
| Transfer out | £24 per security |
| 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) |
| Returned cheques | £20 plus VAT |
| Safe Custody of Foreign Stocks | £tba enquire at time of deal |
| Individual Crest account | £500 plus VAT per annum |
Custody Fee
0.5% per annum charged six monthly in arrears on the total value of ALL your accounts with Pilling & Co. The annual fee has a minimum of £50.00 and a maximum of £180.00 if you are registered for using our on-line portal Client Web Access (CWA). For clients who request postal documents the annual fees have a minimum of £60.00 and a maximum of £200.00. 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.