Your guide to our charges Stockbrokers
Dealing charges These charges relate to the following: Accounts: Investment ISA / MarketMaster / SIPP / Pension Trader / Company Dealing Investment Types: All investment types except Funds (Unit Trusts and Open Ended Investment Companies (OEICs)), non European Quoting Service (EQS) International Securities Online Telephone Deals per month Charge per deal Deal value Charge per deal 1-9 11.95 Up to 500 17.50 10-19 8.95 501-1,500 35.00 20+ 5.95 1,501-2,500 50.00 2,501-20,000 65.00 20,001-75,000 75.00 75,001-1,000,000 0.1% 1,000,000+ on application Calculation of online dealing charges The charge per deal rate you pay in each month is determined by the number of deals you place in the previous calendar month. Each time you hit a new deals per month tier, you will be switched to the lower charge per deal rate. In order to remain at the new rate you must maintain the required number of deals per month. The number of telephone and online deals you place are consolidated when calculating your deal count, deals per month tier for online charges. You can link other accounts to your MarketMaster to access the lower online charge per deal. If you link an ISA and/ or SIPP to your MarketMaster, the deals you place across all your accounts will contribute towards your monthly deal count. You can also link Investment ISA, SIPP, Pension Trader or MarketMaster accounts held by members of your family resident at the same address as the primary MarketMaster account holder. These accounts are only permitted to be linked to one MarketMaster account at any one time. All deals made in linked accounts contribute to your monthly deal count within your primary MarketMaster, helping you to reach the lower charge per deal quicker. Automatic dividend reinvestment (ADR) If you choose to use our ADR service, we will invest all cash dividends into more shares in the underlying company (minimum 10 investment). We will charge a flat rate of 1% of the deal value (minimum charge 1; maximum charge 7.50). ADR is only available on UK equities. 2
Charging when paying into your ISA You can only pay into your ISA using cash. If you wish to pay into your ISA using shares you already own we will need to sell your shares, put the cash from your sale(s) into your ISA, then buy the shares back within your ISA. Selling your shares is free, we will only apply a dealing charge when we buy your shares back and this will be at telephone rates. Funds (Unit trusts and OEICs) The initial charge you pay will depend on whether the fund is one of more than 2,000 funds available on our Funds Market. Charge Type Initial charge (on your investment amount) Fund Administration Fee Barclays Stockbrokers Funds Market Free 0.35% per annum subject to a minimum charge of 35 per annum per account. The fee is calculated on the daily value of Qualifying Fund holdings, up to a maximum of 500,000. There is no further charge on fund holdings over 500,000. The Fund Administration Fee will be calculated quarterly on 31 January, 30 April, 31 July and 31 October and will be debited fourteen business days later. Other Funds Varies by fund manager and fund (typically 3-5.5%) No payments are made to Barclays Stockbrokers 0.35% per annum subject to a minimum charge of 35 per annum per account. The fee is calculated on the daily value of Qualifying Fund holdings, up to a maximum of 500,000. There is no further charge on fund holdings over 500,000. The Fund Administration Fee will be calculated quarterly on 31 January, 30 April, 31 July and 31 October and will be debited fourteen business days later. Selling charge Free Free Qualifying Funds are: Clean share classes Bundled share classes purchased after 5 April 2014 Bundled share classes where you have opted out of the conversion to the clean share class. Full information about RDR and how we are implementing it is available BarclaysStockbrokers.co.uk/RDR. Fund Managers make an Annual Management Charge (AMC) for running their funds which is taken out of the value of the fund. You can find details of the AMC on the fund factsheet on our website at BarclaysStockbrokers.co.uk UK Government dealing charges Stamp Duty or Stamp Duty Reserve Tax (SDRT) is payable on UK equity purchases where the price paid is greater than 1,000, except those in recognised growth markets*, at the following rates: 0.5% of deal value (rounded to the nearest 1p on securities settled through CREST and to the nearest 5 on those not settled through CREST) 1% of deal value on all Irish registered securities. * A recognised growth market means a recognised stock exchange where the majority of the companies whose shares are traded on the exchange have a market capital less than 170m. Recognised growth markets include the Alternative Investment Market (AIM) and the ICAP Securities & Derivatives Exchange (ISDX). Other markets may also be included on the list of recognised growth markets, which will be available on HMRC s website. The Panel on Takeovers and Mergers (PTM) levy 1 on all UK equity transactions in excess of 10,000. 3
Other services For other services offered by Barclays Stockbrokers, including International Trader and BARXdirect Equities, please visit our website at BarclaysStockbrokers.co.uk 4
General Administration Charges Account charges All account charges are taken in arrears and apply per account. If you are fully invested in funds from our Funds Market, these charges are waived (with the exception of Company Dealing Accounts). Account Frequency Charge Investment ISA Semi annually 15.00* for all accounts MarketMaster Quarterly 12.00* (waived** if you deal within the quarter) SIPP Quarterly 38.75* (SIPP fee is shared: 31.25 +VAT paid to AJ Bell for the provision of the SIPP wrapper and 7.50 +VAT is retained by Barclays Stockbrokers) Pension Trader Account Quarterly 12.00* (waived** if you deal within the quarter) Company Dealing Account Quarterly 25.00* * Plus VAT at the prevailing rate. ** the Account charge is only waived when the value of the trade placed is greater than your dealing charge for that trade. Account opening & transfers in Account Type Opening Transfer in Investment ISA Free Free MarketMaster Free Free SIPP Free Pension Trader Account Free Free Company Dealing Account Free Free Foreign Dealing Free 50.00 per holding 1 75.00* per transfer (maximum charge of 375 per Account, irrespective of number of transfers in). 1 International lodgements, either as certificates or via a re-registration system, will be charged at a rate of 50 per holding. * Plus VAT at the prevailing rate. Account closures & transfers out Account Type Closure Transfer out 2 Investment ISA Free 30.00 per holding MarketMaster Free 30.00 per holding SIPP Where transfer is to a Qualifying Recognised Overseas Pension Scheme 75.00* per pension transfer + 30.00 per holding 250* Pension Trader Account Free 30.00 per holding Company Dealing Account Free 30.00 per holding Foreign Dealing Free 30.00 per holding 2 If you re-register shares in certificate form or transfer holdings to another broker we will charge 30 per holding. *Plus VAT at the prevailing rate. 5
SIPP additional charges These charges are in addition to the account charges above. General Charges Set up drawdown pension and pay any lump sum benefit 75.00* Additional fund designation 75.00* Set up flexible drawdown 75.00* Closure of SIPP through flexible drawdown or trivial commutation 75.00* Annuity purchase Payment of death benefit Charges where Annual Allowance exceeded: Voluntary payment by SIPP Compulsory payment by SIPP 75.00* per purchase Time/cost basis* 75.00* Nil Drawdown pension charges Annual administration charge (payable even if nil income is paid) Review of benefits 100.00* per annum (collected annually in advance) 75.00* per review *Plus VAT at the prevailing rate. 6
Interest Rates Interest rates are subject to change. Accounts: MarketMaster/Pension Trader/Company Dealing The rate of interest paid depends on the Barclays Base Rate (BBR). However, where the applicable rate would result in a negative figure, the interest rate will be zero. Any interest due will be paid monthly in arrear. The interest paid is banded which means the rates below apply only to the proportion of the account balance within each band. Each band of your overall cash balance will receive different rates of interest giving a blended rate. Cash balance band Interest paid 0-999.99 Nil 1,000-12,499.99 4% below BBR 12,500-24,999.99 3.5% below BBR 25,000-149,999.99 2.5% below BBR 150,000-249,999.99 1% below BBR 250,000 plus BBR You can find the Barclays Bank Base Rate onine at barclays.co.uk/savings/barclaysbankbaserate. Account: SIPP/Investment ISA The interest paid is banded which means the rates below apply only to the proportion of the account balance within each band. Each band of your overall cash balance will receive different rates of interest giving a blended rate. Any interest due will be paid quarterly in arrear. Cash balance band Interest rate on this band only/aer 1 Tax-free rate 2 1-999 0% 0% 1,000-49,999 0.2% 0.2% 50,000 and over 0.5% 0.5% 1 AER (Annual Equivalent Rate) illustrates what the interest rate would be if interest was paid and compounded once each year. 2 Tax-free indicates that interest earned on cash held in an ISA or SIPP is not subject to UK Income Tax and will be paid gross, provided that all ISA and SIPP conditions are met. The level and basis of tax can change and the value of tax relief depends on your personal circumstances. The AJ Bell group of companies, which provides and administers the SIPP, does not receive any payments in relation to cash held in your SIPP account with Barclays Stockbrokers. 7
Sundry Charges Cash withdrawal By BACS or cheque Same day cash withdrawal (by CHAPS) Free 25.00 (per withdrawal) Late/non settlement Late settlement fee 40.00* (per overdue deal) Referral to our Debt Recovery team 25.00* (per referral) Debit interest 3.5% above Barclays Base Rate Returned cheque or rejected Direct Debit 25.00 Communications Interim statement or valuation Duplicate contract note Duplicate Consolidated Tax Certificate Valuation at today s date, backdated valuations on request 10.00* (if requested more that six months after the original was issued) 17.50* (if requested more than three months after the original was issued) Probate Valuation Available on request *Plus VAT at the prevailing rate. Services for disabled customers We are committed to providing equal access to our services for all customers with disabilities. Full details of Barclays services and facilities can be found in our brochure Disabled customers making our services available. All of our literature can be provided in Braille, large print or audio tape on request, within a reasonable timescale, by calling 0800 279 6551* or local dial number 0141 352 3909*. *Calls to 0800 numbers are free if made from a UK landline and calls to 0141 numbers are charged at local rate, mobile costs may vary please check with your telecoms provider. Calls may be recorded so that we can monitor the quality of our service and for security purposes. Our opening hours are 7.30am to 8.30pm Monday to Friday (excluding bank holidays) and 9.30am to 12.30pm on Saturday. The value of stocks and shares and the income received from them can fall as well as rise and you may not get back the amount you originally invested. Past performance is not necessarily a guide to future performance. If you are unsure about dealing shares and other equity investments, you should contact your financial adviser, as these types of investments may not be suitable for everyone. Barclays offers wealth and investment management products and services to its clients through Barclays Bank PLC and its subsidiary companies. Barclays Stockbrokers is a trading name of Barclays Bank PLC (Registered No. 1026167 Registered VAT No. 243 8522 62) which is a member of the London Stock Exchange and ISDX. Barclays Bank PLC is registered in England and authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. The registered address is 1 Churchill Place, London E14 5HP. Item Ref: 9903913. July 2015