Trading Account Rates and Charges
Range of Accounts | Account Overview | Account Details | Rates & Charges | Open an Account

Commission Charges
Commission is charged per deal. Other charges and service restrictions may apply.
 
  Online Commission - All investment types except non-IRS foreign securities, unit trusts and OEICs
  Deals per quarter Commission
  1 - 6 £11.50
  7 and above £9.75
 
  Telephone Commission - All investment types except unit trusts and OEICs
  Deals per quarter Deal value Commission
  1 - 6 £0 - £1,000 £12.50
  1 - 6 £1,001 - £2,500 £17.50
  1 - 6 £2,501 - £5,000 £25
  1 - 6 £5,001 - £7,500 £30
  1 - 6 Over £7,501 £35
 
  7 and above £0 - £1,000 £12.50
  7 and above £1,001 - £2,500 £14.75
  7 and above Over £2,501 £17.50
  Non-IRS Foreign Securities (telephone dealing only)
  Deal Value  
  Flat charge £40

Automatic Dividend Reinvestment

Automatic dividend reinvestment purchases are charged at a flat rate commission of 1.0% (minimum £1, maximum £7.50).

Funds
The initial charge for buying funds through Funds Market is 1.5%. Other funds vary according to the fund manager.

There is no charge for selling Funds Market funds but there is a £15 charge per deal on the sale of non-Funds Market funds.

Additional Government dealing charges
Stamp duty or stamp duty reserve tax (SDRT) on all UK equity purchases is payable at the prevailing rate at the time of dealing. The current rates are:
0.5% SDRT on all UK equity purchases settled through CREST, rounded up to the nearest 1p.
0.5% stamp duty on all UK equity purchases not settled through CREST, rounded up to the nearest £5.
Stamp duty on Irish registered stock is currently charged at 1%.
The Panel of Takeovers and Mergers currently levy £1 on all UK equity transactions of £10,000 and over.

Administration Charges
 There is no administration charge on the Trading Account. The foreign dealing account has administration charges of £6.25 +VAT per quarter charged in arrears.

Other Charges
  Account Closure/Transfers
  Closure of account FREE (Dealing and/or transfer fees may be applicable)
  Transfer out of shares £10 per stock, maximum charge £100
  Transfer in of shares FREE
  Cash Management
  Cash withdrawal FREE
  Wire charge £20
  Late Settlement
  Returned cheque/direct debit fee £15 + VAT
  Late settlement penalty £40 + VAT per overdue deal
  Debit Interest Barclays base rate + 3.5%
  Referral to Debt Recovery Department £25 (additional 8% if referred to an outside agency - minimum £15) + VAT
  General Administration
  Ad hoc statement or valuation Free
  Copy of consolidated tax certificate £10 + VAT (if requested after 3 months of sending the original)
  Duplicate contract note Free, if requested within 6 months since deal
£10 + VAT, if requested more than 6 months since deal
  Copy of tape recording/telephone £20 conversation transcript in case of complaint (if Saga Share Direct is not at fault)
  Valuation for Probate

£7 + £1 per stock holding minimum £15
  Interest Rates
  Cash balances 1.5% below Barclays base rate

You can find the Barclays Base Rate printed in the Daily Telegraph and Daily Mail or by calling Barclays Bank on 0845 603 0845, hold for an agent and ask for the current rate. (Lines are open 8.30am-5.30pm Monday to Friday and Saturday 9am-1pm, except Bank Holidays. To maintain a quality service, phone calls may be monitored or recorded.)

All charges are correct as at December 2008 .

Commission is shared between Saga Share Direct and Barclays Stockbrokers. Barclays Stockbrokers receive £8.02 for each telephone deal placed and £6.42 for each online deal placed. Saga Share Direct retain the balance. Charges are also shared when you place a trade in Funds. More details can be found within the Funds Market website page and on the contract note we will send you following a trade in Funds. Further details are available on request by contacting our Client Service Team on 0845 900 3002.*

* Calls made to 0845 numbers will cost no more that 4p per minute, plus 6p call set-up fee (current as at November 2007) for BT residential customers. The price on non-BT phone lines may be different.

 

Top