Self Select Personal Equity Plan (PEP) 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 - 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

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
 These charges are taken in arrears and apply per account.

  Half yearly administration charge £12.50 + VAT

Other Charges
  Account Closure/Transfers
  Closure of account   £15 + VAT (Dealing and/or closure charges may also apply)  
  Transfer out of shares   £10 per stock, maximum charge £100  
  Remaining administration charges   Pro-rata up to date of closure  
  Cash Management
  Cash withdrawal FREE
  Wire charge £20
  General Administration
  Ad hoc statement or valuation   Free  
  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 Balance)
  Flat Rate  1.50% 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 August 2005.