ISA savings, interest rates & charges

The charges and savings will depend on the type of investment you choose. Through the Vantage ISA, part of our Vantage Supermarket, you can hold:

• Funds with the best range of savings of any UK broker - cutting up to 5.5% from initial charges while offering up to 0.5% annual loyalty bonus.
• Shares, exchange traded funds, investment trusts, gilts and corporate bonds with low cost dealing commission of just 1% (min £10 per deal).
• Hold cash and receive competitive rates of interest.

Funds - Charges & Savings

Funds carry two types of charges, initial and annual. We can save you money on both.

Save up to 5.5% on the initial charge

The initial charge is a fee, typically between 3% and 5.5%, payable to the fund manager when you first invest. We have negotiated special terms with fund management companies which allow us to discount most, if not all, the initial charge for over 1,700 funds. Please note that some funds will have a different buying and selling price and this is outside of our control.

Receive annual loyalty bonuses

Through the Vantage ISA we can rebate you money from the annual charge. The annual charge is normally deducted pro rata on a daily basis and reflected in the price of the units. So you will not see it on your statement and you do not need to pay for it separately.

Part of the annual management charge can be used to pay a broker what's known as 'renewal commission'. If you buy an ISA directly from the fund manager, they simply keep this commission themselves, so the renewal commission makes absolutely no difference to the annual management charges you pay.

We share the renewal commission we receive with you through our annual Loyalty Bonuses in the Vantage ISA. On a portfolio worth £7,200 our loyalty bonuses could save you £180 over the next 10 years; more if your investments rise in value.

Within the Vantage ISA most investors receive the ISA wrapper for free. There are no further annual charges to hold any fund for which we receive renewal commission. For the few funds on which we do not receive renewal commission there is a further ISA annual charge of 0.5% (+VAT).

Check savings and charges on specific funds

Shares & Investment trusts - Charges & Savings

There are generally no initial charges when you buy other investments such as shares and investment trusts. Instead you pay stockbroking commission when buying and selling the shares. Purchases will in most cases be subject to stamp duty of 0.5%.

Non UK Shares are subject to an additional £5 bargain charge. PLUS Markets and Residual Shares will be charged at £25 minimum or 1.5%. Non UK shares and PLUS Markets shares can only dealt over the telephone. Telephone and postal dealing is subject to 1% stock broking commission (minimum £10, maximum £50). The annual management charge to hold shares and investment trusts within the Vantage ISA is 0.5% (+VAT) per year, which is capped at £200 (+VAT) per year.

Gilts & corporate bonds - Charges & Savings

Gilts and corporate bonds must have at least five years to maturity to be held within an ISA. There is no stamp duty to pay on the purchase of either gilts or corporate bonds.

For postal and telephone deals, our stockbroking commission is 1% (min £10, max £50 per deal). Internet dealing is not available for gilts or corporate bonds. The annual management charge to hold gilts and corporate bonds within the Vantage ISA is 0.5% (+VAT) per year, which is capped at £200 (+VAT) per year.

Cash - Charges & Savings

At the end of the tax year in particular many of our clients use this option to secure their ISA allowance and defer their investment decision until they have more time.

You can also sell holdings within your ISA and hold the cash during volatile stock markets, or transfer holdings as cash (preserving the ISA wrapper) while you decide where to invest.

Please note interest on the Vantage Stocks and Shares ISA is paid net.

See the rates of interest we pay on cash