Self Select Individual Savings Account (ISA) Rates & Charges
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Commission Charges
Commission is charged per deal. Other charges and service restrictions may apply.
 
  Online Commission - All investment types except unit trusts and OEICs
  Deals per quarter Commission
  1 - 9 £11.50
  10  and above £9.75
 
  Telephone Commission - All investment types except unit trusts and OEICs
  Deals per quarter Deal value Commission
  1 - 9 £0 - £1,000 £14.75
  1 - 9 £1,001 - £2,500 £18.50
  1 - 9 £2,501 - £5,000 £30
  1 - 9 £5,001 - £7,500 £35
  1 - 9 £7,501 - £10,000 £40
  1 - 9 £10,001 - £15,000 £45
  1 - 9 £15,001 - £20,000 £45
  1 - 9 £20,000 + £50
 
  10 and above £0 - £1,000 £12.50
  10 and above £1,001 - £2,500 £14.75
  10 and above Over £2,501 £17.50

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.*

Automatic Dividend Reinvestment

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

Funds
The maximum initial charge for buying funds through the Funds Market is 0.5% (as of 22 March 2010).

 

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.


Other Charges
  Account Closure/Transfers
  Closure of account £15 plus VAT
  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.

 

*Calls to 0845 numbers from a BT residential line will cost no more than 4p per minute, plus 9.9p call set-up fee (correct as at April 2010). The price on non-BT phones may be different; please check with your service provider. You can only use these numbers if you are calling from the UK; if calling from outside the UK, please call +44 141 352 3998. Calls may be recorded to monitor the quality of our service, to check instructions and for security purposes.

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