Our Account charges cover the basic ongoing cost to us of managing an Account for you, for example, maintaining records, custody of your investments, preparing information we send to you and making reports to the relevant parties.
As your wealth grows, the charges you pay to us won’t. We charge flat fees which means we DON’T charge a percentage of the value of your investments. So the amounts you pay depend on the accounts you hold, the services you use and how often you use them. Not on your wealth.
|Junior ISA Account charge||£3.33 a month|
|First Steps IDA Account charge||£3.33 a month|
|Child SIPP Account charge||£6.65 plus VAT a month*|
* If you opened a Child SIPP Account before 1 May 2016 these charges will apply to you from 1 February 2017. In your case we collected an Account charge in advance for the period up to 31 January 2017. This will be the appropriate proportion of the yearly Account charge for Child SIPP that we used to collect on 1 February each year (£80 plus VAT).
The charges you pay to buy and sell investments depend on:
|Dealing service charges|
|Buy or sell online (without any loyalty discount)||£9.99 for each transaction|
|Buy or sell over the phone||£50 for each transaction|
|Buy or sell by post||£50 for each transaction|
|Regular dividend reinvestment||£5 for each transaction|
|Regular buy (direct debit) instructed by post||£5 for each transaction|
|Regular buy (direct debit) instructed by online monthly dealing service||£1.50 for each transaction|
|If you’ve continuously held an Account with us for 5 years or more you qualify for a loyalty discount when it comes to buying or selling investments online or by telephone.|
|You’ve held your account for||You can buy or sell online for||You can buy or sell over the telephone for|
|Foreign exchange rate|
|International investments are bought and sold at our standard dealing charges. Where deals are made in a currency other than Sterling, prices are converted to Sterling at a rate based on the prevailing interbank exchange rate. This is done by a specialist UK-based ‘market maker’ to get the best rates we can. We then add a fee to cover our costs in arranging this for you. Because of the way the foreign exchange market works in practice, this is the only time we have to charge you a percentage fee.|
|Value of trade||International Trading Fee|
|£0 - £24,999||1.50%|
|£25,000 - £49,999||1.00%|
|£50,000 - £99,999||0.50%|
|Other service charges|
|Your Account charge covers the cost of many other Services we provide. But where Services are more complicated and can take up a lot of our time without any realistic prospect of covering costs through your Account charge (transferring investments out is a good
example of this) we do ask you to pay for those.
That goes back to our flat fees philosophy. You cover the costs of the Services you use. It’s only fair.
|1. Transferring in and out|
|Transferring products into our Platform on a like for like basis||No Charge|
|Transferring investments held in your own name into a First Steps IDA account using our Share Exchange service||£40 per investment|
|Any transfer out from a Junior ISA Account to another provider||£100 plus VAT|
|Any transfer out from a First Steps IDA Account to another provider||£60 plus VAT|
|Pension transfer in of cash and/or shares (excluding investments from maturing share schemes) in a Child SIPP Account||Free|
|Any transfer out from a Child SIPP to another Registered Pension Scheme||£150 plus VAT|
|Any transfer out from a Child SIPP to an overseas pension scheme||£200 plus VAT|
|Sending any money to a receiving pension scheme after a Child SIPP has been closed||£50 plus VAT|
|Transferring an investment out into a share certificate in your name||£20 per investment|
|2. Issuing paper documents|
|Paper Document charge (half-yearly statement and valuation, Contract notes, Tax certificates for Investment Dealing Accounts, Statutory money purchase illustrations for SIPP accounts)||£25 plus VAT|
|A one-off valuation||£30 plus VAT|
|A paper duplicate of any document we have already issued to you, either online or in paper form||£15 plus VAT|
|3. Other one-off events|
|Repairing or voiding your Junior ISA when required under HMRC rules||£100 plus VAT|
|Writing to a third party to confirm the value of your Account||£30 plus VAT per letter|
|Making a one-off cash payment to you using CHAPS (we don’t charge for payments by cheque or BACS)||£20 per payment|
|An in-specie contribution in a Child SIPP Account where you make a contribution not in cash but instead transferring the ownership of an asset such as shares to a pension scheme. The contribution is eligible for tax relief.||£500 per investment|
All of our Account charges are listed on this page.
Unfamiliar with some of the terms? Our glossary might help.go to the glossary
As well as our charges and fees, you will also pay a charge for your investments to the fund provider or investment trust.
For funds (OEICs and Unit Trusts) the details are in the Fund Prospectus or Key Investor Information Document.Look these up in our Investing hub
Alliance Trust Savings Limited is a subsidiary of Alliance Trust PLC and is registered in Scotland No. SC 98767, registered office, PO Box 164, 8 West Marketgait, Dundee DD1 9YP; is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, firm reference number 116115. Alliance Trust Savings gives no financial or investment advice.