Shareholder Benefits FAQ

How do my clients qualify for discounted dealing charges?

If your clients are Alliance Trust PLC investors and hold their shares through their accounts with Alliance Trust Savings they may qualify for the discounts depending on the level of their holding.

How is the dealing discount calculated?

The amount of discount your clients will receive is based on the number of Alliance Trust PLC shares they hold across all of their Alliance Trust Savings accounts at our quarterly valuation dates (1 March, June, September and December). From the date of each quarterly valuation, they will be entitled to the relevant discount on all online and telephone dealing charges the following quarter.

What is the maximum discount my clients can receive?

The maximum discount your clients will receive is 50% of our standard online and real time telephone dealing charges. This means they could pay as little as £6.25.

What are your current charges?

For a list of our current charges, please refer to our Table of Charges.

Discounted SIPP annual administration charges

How do my clients qualify for a discount on their SIPP?

The annual SIPP administration charge is due on 1 February each year. For Select SIPP clients who invest entirely in Alliance Trust PLC shares, the annual charge is reduced to £50 + VAT plus two free trades from year two.

In year one, as we will not know their investment intentions, the full fee of £125 + VAT will be payable. This will also include two free trades.

The free trades can be used at anytime up until 31 January the following year.

If your client holds a Child SIPP invested entirely in Alliance Trust PLC shares, the charge will be £50 + VAT plus two free free trades.

If your client opened their Select SIPP prior to 1 February 2011 the charge and discount available is different and you should read the Select SIPP Schedule of Fees 2011 document for details.

How is the discount implemented?

When your client opens a SIPP for the first time with us, they will not qualify for the discount until the next 1 February. This is because we will not know their investment intentions immediately i.e. we will not know if they will hold only Alliance Trust PLC shares on the assessment date (1 February). We will however review their SIPP on 1 February and if they hold only Alliance Trust PLC shares at that date, they will receive the discount.

What happens if they cease to qualify for the discount?

If your client ceases to qualify during the year after 1 February, for example if they later hold any investment other than Alliance Trust PLC for any period of time during the year, it will not affect the discount they have already received for that year. We will however, reassess their eligibility in the following February.

Additional benefits for First Steps Accounts

How do my clients qualify for rebates on First Steps automatic dealing charges?

There are certain conditions which must be met as at 5 April each year:

The First Steps Account is linked to the account of an adult Alliance Trust Savings customer.
The investments held in all the combined Alliance Trust Savings accounts held by the named adult have an aggregate value of at least £10,000
The First Steps account is open
The linked adult account is open
The child is still aged under 18

When these criteria are met all automatic dealing charges on Alliance Trust PLC incurred during the tax year will be rebated.

What automatic dealing charges are rebated?

Automatic dealing charges which are incurred by way of dividend reinvestment, or direct debit regular savings - excluding stamp duty and other taxes.

How are the rebates calculated?

Rebates will be calculated in arrears at the end of each tax year and will be paid into the First Steps Account within 30 days of the end of the relevant tax year.

What happens if my client ceases to qualify for the rebate?

If the First steps Account ceases to meet the conditions listed above during any tax year, it will not qualify for a rebate for that year. It will be reassessed for the following year.