Q: Foreign Exchange

Transaction value Margin Rate £0 - £24,999.99 1.5% £25,000 - £49999.99 1.25% £50,000 - £99,999.99 1.00% £100,000 - £599,999.99 0.50% £600,000 or more 0.25% FX - The FX rate for currency conversion is based on the bid/offer exchange rate to which we apply a spread of up to +/- 1.50% at the time of execution. If multiple trades (“fills”) are required to execute your trade the FX rate is calculated on the value of each fill and you may end up paying a higher FX charge than for a single transaction of the same total value.

Q: Cash

Gross interest rate on cash (all accounts) 0% Urgent UK withdrawals £15 Urgent EUR withdrawals £15 Other currency withdrawals £15 Cash Interest and Transfers - All interest is paid gross of income tax. You are responsible for payment of any income tax that may be due through your self-assessment return. Urgent bank transfers in non-UK currencies will be charged at an equivalent rate. Charges are paid at the point of withdrawal. You must ensure sufficient funds are available to cover the withdrawal amount and the applicable charge.

Q: Other charges

Share certificate withdrawal £35 + VAT - Per certificate, to convert online shares to a paper certificate in your own name (only available for CREST securities). Failed payments or late settlement £25 - Failed payments includes unpaid direct debits, bounced cheques and rejected Debit Card payments. Late settlement charge can be charged at foreign currency equivalent plus 15% above Bank of England Base rate charged on the debt. Paper documents £3 + VAT - Per document for sending Consolidated Tax Certificates and statements and duplicate copies, including contract notes. Contract notes sent by post £1 + VAT - Per document if your document delivery preference is by post. Does not apply to telephone trades. VCTs processing charge £30 - Per application. CREST Personal Membership (CPM) account fee £4.99 a month + VAT - This account is only available to customers who transferred an existing CREST membership account from NatWest Stockbrokers. Non UK Resident £3.99 - We make an additional charge to cover operational costs for customers not resident in the UK. Non-personal accounts – supplemental administration charge £29.99 a month - We make an additional charge to cover operational costs in maintaining services for Company Accounts and Trust Accounts.

Question 1

Government charges that can apply to your ISA

Accepted Answer

Government charges such as stamp duty may apply to certain transactions. Potential charges are as follows:

UK Stamp Duty	0.5%	UK equity buys
Irish Stamp Duty	1.00%	Irish equity buys
UK PTM levy	£1	Flat-rate charge on UK equity buys and sells where the trade value is more than £10,000.
ITP levy	€1.25	Flat-rate charge on Irish equity buys and sells where the trade value is more than €12,500.
Hong Kong transaction levy	0.0027%	Equity and company warrant buys and sells.
Hong Kong trading fee	0.05%	Equity and company warrant buys and sells.
Hong Kong Stamp Duty	0.13% (Rounded up to the nearest HKD)	Equity and company warrant buys and sells.
Singapore clearing fee	0.0325%	All buys and sells
French Financial Transaction tax	0.3%	For buys of eligible French stocks.
Italian Financial Transaction tax	0.1%	For buys of eligible Italian stocks.
Spanish Financial Transaction tax	0.2%	For buys of eligible Spanish stocks.

Question 2

Online trading fees with our service plans

Accepted Answer

In return for your monthly service plan fee, you will receive a free trade credit worth £7.99 every month. This credit is available for 90 days before it expires.

Additional trade costs as follows:

	Investor	Super Investor
UK shares and ETFs	£7.99	£3.99
Funds and investment trusts†	£7.99	£3.99
US shares	£7.99	£4.99
Other international shares	£19.99	£9.99
Dividend reinvestment	£0.99	£0.99
Regular investing	Free	Free

† Funds trades covers OEICs, Unit Trusts and Investment Trusts. Our list of Investment Trusts is based on that provided by Morningstar. Note: Exchange-Traded Funds (ETFs) are treated as shares.

Question 3

Other trade commission

Accepted Answer

For UK and US trades over £100,000, and other international share trades over £25,000 please see section below. International commissions are charged in the customer’s settlement currency and multiplied by the conversion rate (if applicable) subject to the minimum and maximum charges shown. If an order is filled over multiple days, there is a separate commission charge for each day there is a fill.

UK Stamp Duty	0.5%	UK equity buys
Irish Stamp Duty	1.00%	Irish equity buys
UK PTM levy	£1	Flat-rate charge on UK equity buys and sells where the trade value is more than £10,000.
ITP levy	€1.25	Flat-rate charge on Irish equity buys and sells where the trade value is more than €12,500.
Hong Kong transaction levy	0.0027%	Equity and company warrant buys and sells.
Hong Kong trading fee	0.05%	Equity and company warrant buys and sells.
Hong Kong Stamp Duty	0.13% (Rounded up to the nearest HKD)	Equity and company warrant buys and sells.
Singapore clearing fee	0.0325%	All buys and sells
French Financial Transaction tax	0.3%	For buys of eligible French stocks.
Italian Financial Transaction tax	0.1%	For buys of eligible Italian stocks.
Spanish Financial Transaction tax	0.2%	For buys of eligible Spanish stocks.

Question 4

Foreign Exchange

Accepted Answer

Transaction value	Margin Rate
£0 - £24,999.99	1.5%
£25,000 - £49999.99	1.25%
£50,000 - £99,999.99	1.00%
£100,000 - £599,999.99	0.50%
£600,000 or more	0.25%

FX - The FX rate for currency conversion is based on the bid/offer exchange rate to which we apply a spread of up to +/- 1.50% at the time of execution. If multiple trades (“fills”) are required to execute your trade the FX rate is calculated on the value of each fill and you may end up paying a higher FX charge than for a single transaction of the same total value.

Question 5

Cash

Accepted Answer

Transaction value	Margin Rate
£0 - £24,999.99	1.5%
£25,000 - £49999.99	1.25%
£50,000 - £99,999.99	1.00%
£100,000 - £599,999.99	0.50%
£600,000 or more	0.25%

Cash Interest and Transfers - All interest is paid gross of income tax. You are responsible for payment of any income tax that may be due through your self-assessment return. Urgent bank transfers in non-UK currencies will be charged at an equivalent rate. Charges are paid at the point of withdrawal. You must ensure sufficient funds are available to cover the withdrawal amount and the applicable charge.

Question 6

Telephone share dealing and extended settlement

Accepted Answer

Free trade credit cannot be used towards these and they are charged in addition to the relevant online commission rate.

UK Stamp Duty	0.5%	UK equity buys
Irish Stamp Duty	1.00%	Irish equity buys
UK PTM levy	£1	Flat-rate charge on UK equity buys and sells where the trade value is more than £10,000.
ITP levy	€1.25	Flat-rate charge on Irish equity buys and sells where the trade value is more than €12,500.
Hong Kong transaction levy	0.0027%	Equity and company warrant buys and sells.
Hong Kong trading fee	0.05%	Equity and company warrant buys and sells.
Hong Kong Stamp Duty	0.13% (Rounded up to the nearest HKD)	Equity and company warrant buys and sells.
Singapore clearing fee	0.0325%	All buys and sells
French Financial Transaction tax	0.3%	For buys of eligible French stocks.
Italian Financial Transaction tax	0.1%	For buys of eligible Italian stocks.
Spanish Financial Transaction tax	0.2%	For buys of eligible Spanish stocks.

Question 7

Other charges

Accepted Answer

Transaction value	Margin Rate
£0 - £24,999.99	1.5%
£25,000 - £49999.99	1.25%
£50,000 - £99,999.99	1.00%
£100,000 - £599,999.99	0.50%
£600,000 or more	0.25%

Question 8

Are there any charges if I keep cash in my Shares ISA?

Accepted Answer

No, there are no charges for keeping cash in a Stocks and Shares ISA. It is important to keep some cash available in your ISA account to pay for other fees and charges.

Question 9

What is the interest rate if I keep cash in my Shares ISA?

Accepted Answer

There is no interest rate applied to cash held in a Stocks and Shares ISA. Instead, growth comes from investments made in the ISA.

Question 10

Is there an annual charge I need to pay for the ii Stocks and Shares ISA?

Accepted Answer

No, there is no annual charge with ii. We are a flat fee platform and your monthly fee with never increase with the value of your investments. See our full charges.

Question 11

What if there’s not enough cash in my account to pay charges?

Accepted Answer

If there isn't enough money in your ii account to pay charges we will use the debit card linked to your account to collect your fee.

Bed & ISA Instruction	£0 on the sale
Buy or sell UK shares, funds (unit trusts and OEICs), bonds, gilts and exchange traded products. Trade value over £100,000	£40
Buy or sell US shares. Trade value over £100,000	0.04% of trade value
Buy or sell other international shares. Trade value over £25,000	0.10% of trade value

Extended settlement (buy orders greater than T+2).	£4.99
Telephone trades	£49

ISA fees and charges

ISA fees and charges at a glance

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Other charges to consider

ISA charges FAQs

Gross interest rate on cash (all accounts)	0%
Urgent UK withdrawals	£15
Urgent EUR withdrawals	£15
Other currency withdrawals	£15

Share certificate withdrawal	£35 + VAT - Per certificate, to convert online shares to a paper certificate in your own name (only available for CREST securities).
Failed payments or late settlement	£25 -Failed payments includes unpaid direct debits, bounced cheques and rejected Debit Card payments. Late settlement charge can be charged at foreign currency equivalent plus 15% above Bank of England Base rate charged on the debt.
Paper documents	£3 + VAT - Per document for sending Consolidated Tax Certificates and statements and duplicate copies, including contract notes.
Contract notes sent by post	£1 + VAT - Per document if your document delivery preference is by post. Does not apply to telephone trades.
VCTs processing charge	£30 - Per application.
CREST Personal Membership (CPM) account fee	£4.99 a month + VAT - This account is only available to customers who transferred an existing CREST membership account from NatWest Stockbrokers.
Non UK Resident	£3.99 - We make an additional charge to cover operational costs for customers not resident in the UK.
Non-personal accounts – supplemental administration charge	£29.99 a month - We make an additional charge to cover operational costs in maintaining services for Company Accounts and Trust Accounts.