Rates and Charges for Nominee and ISA accounts
Commission charges
Commission is charged per deal
| Deal Value | Commission |
|---|---|
| Any | £15 |
| Deals per quarter | Commission |
| 1-12 | £15 |
| 13 or more (Frequent Trader rate*) | £11.50 |
In some cases, where securities cannot be dealt online, phone rates apply. If so, you will be advised at the time of dealing.
| Deal value | Commission |
|---|---|
| £0 – 1,000 | £17.50 |
| £1,001 - 2,000 | £22.50 |
| £2,001 - 4,000 | £35 |
| £4,001 - 10,000 | £50 |
| £10,001 + | £75 |
| Deals per quarter | Commission |
| 1-12 | See table above |
| 13 or more (Frequent Trader rate*) | £16.50 |
We will apply phone rates for any written instructions we receive.
* Our standard dealing commission rates will apply for the first 12 trades placed across your Nominee or ISA accounts, per calendar quarter. The Frequent Trader rate will apply to any additional deals you place in the same quarter. The rate applied will depend on whether the deal is placed online or by phone. Standard rates will resume at the beginning of the next quarter. The Frequent Trader rate does not apply to the Certificated Service or trades placed in OEICs or Unit Trusts.
Dealing using share certificates? - click here for the Rates & Charges
| Online | £10 flat rate + discounted initial charges for purchases |
|---|---|
| Phone | £15 flat rate + discounted initial charges for purchases |
Administration Charges
| Account type | Quarterly account charge | |
|---|---|---|
| Nominee | £8* | |
| ISA: | Standard | 0.125% plus VAT |
| Minimum | £6.25 plus VAT | |
| Maximum | £30 plus VAT | |
* This charge is waived where an ISA is held within the same Lloyds TSB Share Dealing account.
Account charges are payable quarterly on the first working day after 6 January, 6 April, 6 July and 6 October, when the full quarter's fees are collected. If you join within 1 month of a charge date the charge will be waived.
ISA charges are based on the value of your portfolio as at the last working day of the previous month. We'll inform you by secure message or by post when these charges become due.
Closing your account
| Account type | Quarterly account charge |
|---|---|
| Nominee | No closure charge |
| ISA | Current quarter's admin charge (charged in full) |
There may be additional charges for dealing, stock transfers out and rematerialisation.
Interest Payable on Cash Balances
Interest is paid quarterly on 10 March, 10 June, 10 September and 10 December. We calculate interest daily on any cash balance in your accounts. We use the Lloyds TSB Bank Flexible Savings Account rate with the monthly interest option. This rate is available in branches of Lloyds TSB and on the www.lloydstsb.com website and may be varied by the bank at any time.
Additional items
Charges might apply, for example, for a special payment instruction or payment failure.
| Service | Charge |
|---|---|
| Online information services | Free |
| Stock transfers in (per holding) | Free |
| Rematerialisation (issue paper certificate) | £10 plus VAT |
| Stock transfers out (per holding) | £10 plus VAT |
| CHAPS payments | £20 |
| Returned cheque / DD charge | £20 |
| Late settlement penalty | £30 |
| Copy of consolidated tax certificate | £15 plus VAT |
| Duplicate contract note (if 6 mths after original) | £10 plus VAT |
| Duplicate statement/valuation (per item) | £10 plus VAT |
| Request for replacement share certificate | £25 plus VAT (plus any 3rd party charges) |
| Debit interest | Lloyds TSB base rate + 5% |
We will take any charges out of your Nominee cash account or your nominated bank account as applicable.
Government Duties and Levies
| Stamp Duty Reserve Tax | Purchases of UK equities | 0.5% |
|---|---|---|
| Purchases of Irish equities | 1% | |
| PTM Levy | £1 charge on equity transactions over £10,000 | |
More rates and charges
If you’re a Premier Banking customer, click here for the Premier Rates and Charges
If you’re a Certificated Service customer, click here for the Certificated Rates and Charges
Rates correct as at March 2005. Customers will be kept informed by
secure message or by post if there are any changes to these rates and
charges.