Existing customer rates and charges
Charges for existing customers joined before 29th October 2017
|Buy or sell UK funds and shares|
£10 - standard fee, per trade£1.50 per trade for regular investments with Portfolio Builder
|Buy or sell international shares||£10 per trade|
|Frequent Trader Rate|
£5 per trade
Buy or sell more than 10 times in a month, and you’ll pay just £5 for any further trades for the rest of that month.
Funds, real-time UK and international share trades all qualify.
|Buying or selling by phone||No additional charge|
Quarterly fee – payable in early Jan, Apr, Jul and Oct
This covers your first two real-time trades in the quarter (or the value of £20 of trades, including regular investments) which can be used across your Trading, ISA and SIPP account.
£0 for up to 10 lines of stock – for customers who have been with us for less than a year*
£15 per line of stock – when an account has been open for more than a year
*We believe once you start investing with our service and with our flat fee pricing you will want to stay with us. So we’re happy to waive our transfer-out charges to another broker, for up to ten lines of stock (£15 per line of stock after that), if you choose to leave us within a year of opening your account. (Please note, if you wish to convert a shareholding into a paper certificate, our normal fees for this will apply.) We’ll also waive our SIPP transfer-out fee.
|VCTs Processing Charge|
Flat rate of £30
We will make no further charges for the day-to-day custody services of your investments, including corporate actions and dividend processing, regardless of the investment types you choose.
|Bed & ISA|
Switch investments from a Trading Account into a Shares ISA and pay just one dealing commission for both the sale and re-purchase. Please read more about this, and the potential CGT implications.
|Funds – income rebate|
We offer thousands of 'clean' funds which do not bundle 'trail commission' payments to a platform into their Annual Management Charge. The typical AMC of a actively managed ‘clean’ fund is 0.75%.
Prior to 6 April 2016, 'trail commission' received from Fund Managers was rebated to customers. Following the Retail Distribution Review (RDR) and a review of all trail-paying Funds (often referred to as 'dirty funds') Interactive Investor no longer receives trail commission.
Following conversion of funds to their 'clean class' equivalent, where available, final rebates were paid to customers in July 2016. Where a 'dirty fund' does not have a clean class equivalent and continues to be held in an account, no trail commission will be received by us and hence no rebate will be passed on.
*Please note interest will not be paid on cash held in an Investment, Junior ISA or ISA account. Interest on cash held in a SIPP account is paid at 0.1% and will be credited to your account annually.
Additional SIPP charges - with effect from 6 April 2015
For full details of what these charges cover, please see the Key Features Document.
Managing your SIPP:
(these charges are in addition to the Investment Charges shown above)
|Set up charge||No charge|
|Annual administration (payable on application, then annually)||£80+ VAT|
|Transfer-in of pension benefits from another pension provider||£50 + VAT per pension transfer (maximum of £300 + VAT per SIPP)|
|Changing from Capped to Flexi-access drawdown||£75 + VAT.|
Please note that you will need to complete a Taking Pension Benefits form and confirm your understanding and acceptance of the associated risks before the change can be completed.
|Full or partial transfer-out of pension benefits to another pension provider||Free when transferring out within 12 months of opening your SIPP account, thereafter: £100 + VAT per transfer|
Taking pension benefits :
(The Annual administration fee will also apply)
|Flexi–access drawdown, per annum|
£170 + VAT. (Up to 2 regular withdrawals on the 14th / 28th of each month, or next working day.)
Please note: where there is insufficient cash to make planned income payments, there will be an additional charge of £50 + VAT each time.
|Uncrystallised Funds Pension Lump Sum (UFPLS)|
£40 + VAT per payment. The first 25% of each payment is tax-free, with the remainder paid net of tax. Tax-free payment normally paid within 3 working days. The taxable part will be paid on 14th / 28th of the month, or next working day, whichever is the next available taking into account processing time.
|Transfer of funds for Annuity purchase|
£75+ VAT per transfer.
Setting-up / changing pension benefits arrangements:
|Calculating and processing pension sharing on divorce||£300 + VAT|
Closing a SIPP
|Calculating and processing lump sum of death benefits||£300 + VAT|
|Closure of the SIPP|
in cash: £260 + VAT
in specie: £360 + VAT (plus stock transfer fee)
See charges applicable to customers commencing drawdown prior to 6 April 2015
|Transfers In (Investment and ISA account only):||No charge|
|Transfers Out (Investment and ISA account only):||£15 per line of stock|
|Dividend Reinvestment Charge:||1% of the value of the dividend paid (capped at £10)|
|Dividend Pay-away minimum:||We will only pay away dividends of more than £25, per line of stock|
UK equities: 0.5%Irish equities: 1%
PTM Levy:(Flat-rate charge on equity sales and purchases where the consideration is £10,000 or more to finance the Panel of Takeovers and Mergers.)
|Share certificate conversion (to online holding):||Free (only available for Crest securities)|
|Online share holding conversion (to paper certificate):||£20 per certificate (only available for Crest securities)|
|FX conversion charge on International securities||1% of consideration. We share this charge with our provider and our % will be reflected on your contract note.|
|Share Certificate sent by registered post (optional)||£7.50|
Further administration charges
|Registration of Legal Documents (Estates)|
|Same-day payment – on request||£25|
|Payment by cheque for cash withdrawal||£25 for each cheque issued|
|Unpaid direct debits or bounced cheque||£20|
|Insufficient funds (to pay charges)|
|Late settlement / Sell out / Buy Back charge||£40 per investment|
|Hard copy of any documents: contract note, statement, CTV||£10 per document|
|Dividend Pay-away||The minimum amount which we will pay away must exceed £25 per line of stock|
£5 for first communication, £10 for each additional communication
|Valuation of holdings for probate||£10 per stock|
Copy of telephone call recording(this is waived when we are found at fault)
Transcript of telephone call recording(this is waived when we are found at fault)
Interactive Investor Trading Limited is authorised and regulated by the Financial Conduct Authority and is a member of the London Stock Exchange. Registered office: Standon House, 21 Mansell Street, London, E1 8AA. Registered in England with Company Registration Number 3699618.
Our SIPP provider, The Lifetime SIPP Company Limited is Authorised and Regulated by the Financial Conduct Authority. Registered Address: Blandford House, 77 Shrivenham Hundred Business Park, Majors Road, Watchfield, Swindon. SN6 8TY. Registered Company Number 2455807