The following charges stated below apply to ALL accounts including, Portfolio Investment Account, Portfolio Joint Investment Account, Portfolio Stocks and Shares ISA Account, Portfolio Stocks and Shares Junior ISA Account and Portfolio SIPP Account.
|Set up cost||No charge|
|Cash payment in||No charge|
|Transfer in||No charge (For SIPP, see 'Additional SIPP charges' for pension transfer in charges)|
Annual administration charge
(applicable on all investments, including unit trusts, OEICs and cash)
This charge applies to each account separately. It is tiered within bands as follows:
This charge is subject to a minimum of £12.50 per quarter. This charge is calculated daily, based upon the value of your investments and charged to the account at quarterly intervals on 31st March, 30th June, 30th September and 31st December each year.
|Dividend administration charge||£2 per dividend administration charge for each distribution (including accumulation distributions) allocated to the account, limited to the value of the distribution allocated where less than £2.|
|Receiving statements, contract notes and business confirmations in paper format||£10 plus VAT every 6 months|
|Receiving Company Reports and Accounts||£10 per report for supplying on request, a company’s Interim Report or Annual Report and Accounts|
|Arrange company meetings||£10 per occasion to arrange for you to attend and vote at company meetings|
|Cash withdrawal paid to your nominated bank account||No charge|
|Same day payment||Same day payments will incur a charge of £20|
|Cash transfer out to another provider||£15|
|Stock transfer to another provider or in your name||£15 per holding|
Account closure fee
|£25 plus VAT|
Taxes and Levies
|Stamp Duty or Stamp Duty Reserve Tax (SDRT)||
Stamp duty or SDRT on all UK share purchases is payable at the prevailing rate at the time of dealing. The current rates are:
Stamp Duty apply primarily to transactions when you buy:
|PTM (Panel on Takeover and Mergers)||
£1 on all UK share deals over £10,000
Additional SIPP (pension) charges (For complete charges, please see Hartley Pensions full fee schedule on our website). The following SIPP charges are in addition to the above charges. All SIPP fees are subject to VAT, which is currently 20%.
Establishment fee (Uncrystallised)
Annual administration fee (Uncrystallised)
£90 plus VAT per annum. The fee will be charged annually in advance.
Taking benefits (Crystallised)
|Establishment fee||£75 plus VAT|
|Annual fee||£190 plus VAT per annum. The fee will be charged annually in advance.|
|Transfer out||No charge|
|Divorce cost fees||£750 plus VAT|
Paying Death Benefits
|£300 plus VAT|
Administration fee if Non Standard Asset is held
|£250 plus VAT per annum|
The investments you choose may have their own initial and annual charges and bid/offer spread, set and levied by the manager of that investment. Please read the Key Investor Information Document (KIID), prospectus, factsheet and the key documents for your chosen investment carefully. Stamp duty may also be applicable for certain shares.
The charges above (excluding SIPP) will be shared between JBS and Simply Ethical as agreed between both parties. Simply Ethical or JBS does not receive anything from the above SIPP charges.
The SIPP allows access to standard or mainstream investments only. Please contact us, should you have any queries.