Our Charges

As your wealth grows, the charges you pay us won’t

HOW OUR CHARGES WORK

We charge flat fees for our platform services. These are made up of monthly Account fees to cover the basic ongoing cost to us of managing an Account for you, and charges for other services you may ask us to provide – buying and selling investments for example.

You can also find these in our Charges Guide. These may change in the future.

MONTHLY ACCOUNT CHARGES

Apart from child Accounts, these charges include four online trades a year (excluding online trading through our monthly online trading service or dividend reinvestment trades).


Account type Monthly charge
Individual Savings Account (ISA) £10.00
Investment Dealing Account (IDA) £10.00
SIPP at the ‘savings’ stage £21.00 (£17.50 plus VAT)
SIPP at the ‘income’ stage £28.50 (£23.75 plus VAT)
Junior ISA £3.33
First Steps Investment Account £3.33
Child SIPP £7.98 (£6.65 plus VAT)
Supplementary Account charge (if applicable) £375 a year (plus VAT for SIPP Accounts only)

Supplementary Account Charges

If you:

  • are a non-UK tax-resident or your permanent address is not in the UK; or
  • hold non-standard investments; or
  • have an Account held by a corporate entity or trust

You will also pay an Annual Supplementary Account Charge to reflect the extra work and risk involved for us in looking after your Account in these circumstances. Details are in the Charges Guide.

TRADING CHARGES

Apart from Child Accounts, four online trades a year (excluding online trading through our monthly online trading service or dividend reinvestment trades) are included in the Account charge. Further trades are charged at the following rates.

Account type Trading charge
Buy or sell online £9.99
Regular dividend reinvestment online £5.00
Regular buy using online monthly trading service £1.50
Buy or sell over the phone £50.00
Buy or sell by post £50.00
Regular buy instructed by post £5.00

TRADING DISCOUNTS

We offer Loyalty Discounts for trading online or over the phone. These begin to apply if you continuously hold an Account with us for 5 years or more.

Held your Account for Buy and sell online Buy and sell over the phone
5-10 years £8.99 £45.00
11-15 years £8.49 £42.50
16-20 years £7.99 £40.00
More than 20 years £7.49 £37.50

INTERNATIONAL TRADING FEE

We offer access to overseas stocks and shares that can be traded through Crest in CDI form. If we trade for you in these, in a currency other than Sterling, we use a specialist UK-based market maker to get the best exchange rate we can and then add a fee to cover our costs. The way the foreign exchange market works means we have to charge a percentage fee for this service.

Value of trade International Trading Fee
£0 - £24,999 1.50%
£25,000 - £49,999 1.00%
£50,000 - £99,999 0.50%
£100,000 or more 0.35%

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.

Transferring in
Transferring investments in from a maturing share scheme to an ISA £15 per investment
Share exchange to fund an ISA £40 per investment
Transferring out
Transfer out to another provider (All Account types) Free from charge
Transferring an investment out into a share certificate in your name £20 per investment
Transfer out to an overseas pension scheme £200 plus VAT

The fee that we charge you for an annuity purchase will depend on when you opened your SIPP and what age you are at the date of transfer.

Opened SIPP prior to 31 March 2017 Opened SIPP on or after 31 March 2017
Under 55 55 and over Under 55 55 and over
1% of annuity purchase price up to a maximum of £150+VAT 1% of annuity purchase price up to a maximum of £150+VAT 1% of annuity purchase price up to a maximum of £150+VAT No charge
Issuing paper documents
All paper documents including statements and valuations, contract notes and tax certificates (if appropriate)* £25 plus VAT
A one-off valuation £10 plus VAT
A paper duplicate of any document we have already issued to you, either online or in paper form £15 plus VAT
Other one-off events
Valuing your Account and making future arrangements for it following your death £200 plus VAT
Repairing or voiding your ISA when required under HMRC rules £100 plus VAT
Writing to a third party (a mortgage provider for example) 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
Implementing a ‘Sharing Order’ following a divorce (only applicable to SIPP Accounts) £200 plus VAT
Make a one-off ‘uncrystallised funds pension lump sum’ (UFPLS) £40 plus VAT
Sending any money (for example, a late payment from your employer or any late income from your investments) to a receiving pension scheme after your Account has closed £50 plus VAT

Our platform is designed to work as an online service, so we don’t charge for issuing any documents to you online.

* This charge will be taken from the fees Account by deducting £12.50 + VAT twice a year (usually April and October) when your statement is produced, and will be taken in the following order – Investment Dealing Account, SIPP, Stocks and Shares ISA. If you hold multiple Accounts you will only be charged for one Account. We will not allocate this charge to a child Account (Junior ISA, First Steps or Child SIPP Accounts). You can choose to receive all your documents online free of charge.

Alliance Trust Savings Limited 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 Limited gives no financial or investment advice. ‘Alliance Trust Savings’, ‘ATS’ and 'AT Savings' are all brand names of Alliance Trust Savings Limited together with the ‘Alliance Trust Savings’ logo are owned by and used with the permission of Alliance Trust PLC, the previous owner of Alliance Trust Savings Limited.