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Customer charges

Dealing charge

You can trade by telephone for which there is a charge of £40 per equity traded. For further information please read our Table of Charges.

Foreign exchange (FX) conversion cost

For every international transaction there will be a foreign exchange conversion required to convert the sterling (GBP) payment to the relevant currency the stock is to be purchased in.

For example, stock listed on the NYSE would require a conversion from £GBP to US$ to facilitate the purchase of the stock. There will also be an FX cost when the stock is sold as this would require a further conversion back from US$ to £GBP.

The exchange rate is provided by our International Services Provider. Alliance Trust Savings charge a 1.3% margin on the value of the exchange rate when it is set.

Custody charge

This charge is applied to the value of your international investment holdings on 30 June and 31 December each year.

For full information on fees and charges please download our Table of Charges.

Shareholder discounts

If you hold Alliance Trust PLC shares in any of your Alliance Trust Savings Accounts then you may be eligible for a discounted dealing charge.

Alliance Trust PLC shareholding Discount Discounted international telephone charge
Less than 1,000 shares 0% £40
1,000 – 4,999 shares 10% £36
5,000 – 9,999 25% £30
10,000 shares or more 50% £20

The discounts are calculated by looking at your Alliance Trust PLC shareholding across all your Alliance Trust Savings products. For example, if you hold 5,000 shares within our ISA then purchase another 5,000 shares within a Select SIPP, you will qualify for the maximum discount on subsequent deals across all your Accounts. You can find detailed information about these discounts in the Table of Charges.

Order handling

We will take reasonable steps to obtain the best available result taking into account all relevant factors. This may mean best price is not obtained because one of the other factors is considered more important to the execution of the trade. The other factors are stated in our Order Handling Policy.

Taxation

Will I get a tax benefit in the local country from my Account?

Regardless of the tax benefits that an account may give you in the UK, the taxation position in the country of the exchange you have invested through will have its own rules on taxation and tax will be due to be paid on income and capital gains in line with the tax regime of that country.

There may be relief from taxation available to non-nationals. We will provide you with a record of ownership to allow you to make any reclaim yourself.

Risk Warning

The value of you investments and any income from them can go up or down and you might get back less than the amount you originally invested. Foreign markets will involve different risks than UK markets. In some cases risks will be greater. The potential for profit or loss from transactions on foreign markets or in foreign currency denominated markets will be affected by fluctuations in foreign exchange rates. Foreign markets involve different risks from UK markets. In some cases these risks may be greater, such as in emerging markets.

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