Boost your returns! Selecting the best Investment Account is often a balance between the charges and level of service.
- Share Admin and Fund Admin Fee: Fee from Broker to hold your investments (usually as a % of their value).
- Fund and Share Deal: Fee from Broker when you buy or sell a fund or share.
- Frequent Share Deal: A reduced charge for buying or selling a share that is activated based on previous month’s volume.
0.25% Share Admin Fee
0.25% Fund Admin Fee - <£250k
0.1% Fund Admin Fee - £250k-£1m
£1.50 Per Fund Deal
£9.95 Per Share Deal
£4.95 Per Frequent Share Deal (10+ Deals in Previous Month)
£0 Share Admin Fee
0.45% Fund Admin Fee - <£250k
0.25% Fund Admin Fee - £250k-£1m
£0 Per Fund Deal
£11.95 Per Share Deal
£5.95 Per Frequent Share Deal (20+ Deals in Previous Month)
£9.99 Monthly Share and Fund Admin Fee
£9.99 Monthly Admin Fee Covers Funds and Shares
£7.99 Per Fund Deal
£7.99 Per Share Deal
£3.99 Per Frequent Share Deal (Add £10 to Monhtly Admin Fee)
0.1% Share Admin Fee
0.2% Fund Admin Fee
£3 Per Fund Deal
£6 Per Share Deal
£6 Per Frequent Share Deal
Selecting The Best Investment Account
Broker 1 and Broker 4 offer the best value. Broker 2 is more expensive but with no fund dealing fees.
Broker 3 is the most expensive and will be for the smaller investor with its fixed fees. However, if you have a large investment pot in the £000’000s it will likely work out cheaper in terms of charges.
There are often more qualitative considerations to consider too. The level of perceived customer support, the ease-of-use of the platform and level of helpful guidance should be considered.
Other charges to be aware of include: Transfers In (usually free), Transfer Holdings Out (varies from free to £25 per holding), FX Conversion Charge (varies from 1% down to 0.25%) and Dividend Reinvestment (1% with a max. limit is usual). Remember, some Brokers also negotiate discounts on the Ongoing Charges Figure for certain popular Funds.
As these shares are not within a tax-efficient wrapper such as a Stocks & Shares ISA, you will be liable for Capital Gains and Dividend Tax.