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Rates & Charges

 

Getting started

to open an account

We will ask you to fund your account by choosing one of the following options:

  • By debit card (minimum £100 initial deposit)
  • Deposit share certificates
  • Transfer shares held in another account.

Costs should you want to leave us

No fee for account closures, but special fees apply to SIPPs.

Learn more

Our account fees and what you'll get

Trading Account

£0 account fee

When you either

  • Have a Trading ISA or TD SIPP linked to your Trading account, or
  • Place 1 or more trades per quarter, or
  • Have an individual portfolio valuation of £15,000 or more, or
  • Have a Funds (Unit Trusts/OEICs) valuation of £10,000 or more

£10.00

+ VAT per quarter

This fee is calculated and charged in arrears on the last full weekend of March, June, September and December.

If you set up a Direct Debit on your accounts, you’ll receive a 5% discount from all account fees until 31st December 2015! Learn more

Platform fees also apply when investing in funds. See platform fees

See how much it will cost you to trade in: UK & International equities, ETFs and Bonds. See rates


What you get for your account fee

Direct access to UK & International markets

Fast, secure online trading platform, mobile app and tablet app

Access to shareholder voting and information, Morningstar® research tools and guides to investing

Safe custody of your portfolio & cash

Administration of all corporate actions and dividend payments on your behalf

UK based call centre with knowledgable and helpful staff

Trading ISA

£0 account fee

When you either

  • Have an ISA balance of £5,100 or more, or
  • Have a Regular Investing (monthly investment) facility set up

£30.00

+ VAT per year or part year

This fee is charged on or around the first business day in June, calculated on the account value on the last business day in May or, where applicable, on the day of account closure.

If you set up a Direct Debit on your accounts, you’ll receive a 5% discount from all account fees until 31st December 2015! Learn more

Platform fees also apply when investing in funds. See platform fees

See how much it will cost you to trade in: UK & International equities, ETFs and Bonds. See rates


What you get for your account fee

Direct access to UK & International markets

Fast, secure online trading platform, mobile app and tablet app

Access to shareholder voting and information, Morningstar® research tools and guides to investing

Safe custody of your portfolio & cash

Administration of all corporate actions and dividend payments on your behalf

UK based call centre with knowledgable and helpful staff

TD SIPP

0.25% account fee

Of the total SIPP value + VAT

This fee is calculated and charged every 6 months charged on or around the first business day in June and December. Subject to a minimum of £40, and a maximum of £100, per collection (+VAT).

If you set up a Direct Debit on your accounts, you’ll receive a 5% discount from all account fees until 31st December 2015! Learn more

Commission fees

Platform fees also apply when investing in funds. See platform fees

See how much it will cost you to trade in: UK & International equities, ETFs and Bonds See rates

Additional fees may apply depending on your circumstances, see additional fees


What you get for your account fee

Direct access to UK & International markets

Fast, secure online trading platform, mobile app and tablet app

Access to shareholder voting and information, Morningstar® research tools and guides to investing

Safe custody of your portfolio & cash

Administration of all corporate actions and dividend payments on your behalf

UK based call centre with knowledgable and helpful staff

Regular Investing

£0 account fee

You only pay when you trade

Regular Investment Commission Rates

Rates for up to 10 preselected shares or funds per month, usual share dealing rates apply after.

Investment Type Buy Commission Sell Commission Minimum Subscription
FTSE 350/ETFs £1.50 Share dealing rate, see below £25
Funds Nil Nil £50

Regular Investment Service

Our Regular Investment Service is an online monthly investment service, which lets you make small monthly payments to an ISA, Trading Account or TD SIPP. You can purchase stocks on a monthly basis for just £1.50 commission. You can also purchase funds, which don't incur commission but may have a Fund Manager charge, see our platform fees. To make regular investments you will need to apply either for a Regular Investment Account or a Trading ISA, selecting the Regular Investment ISA option.

Regular Investment account features

No tie ins - stop and start payments at any time.

Minimum investment for equities is £25 and for funds is £50 per month.

Deposit extra one-off payments whenever you like.

Invest in sterling quoted UK Equities from the FTSE 350, funds and UK-listed Exchange Traded Funds (ETFs).

Reduce worry about the right time to buy. Buying little and often helps to smooth out the ups and downs of the market in the long term.

Your pre-selected stocks or funds are purchased automatically each month.

Safe custody of your portfolio & cash

Other Accounts

Advanced accounts

Accounts for the more experience investor:

TD Derivatives Trading
TD Financial Spread Trading

Other accounts

Your investment options - how much will it cost you?

Share dealing rates for equities, bonds and warrants
(online, mobile app or tablet app)

Trade values below £100,000 UK International
FX rates apply separately

Active
Average 20 or more eligible* trades per month across the last 3 consecutive months

£5.95 £10.95

Frequent
Average 10 or more eligible* trades per month across the last 3 consecutive months

£8.95 £13.95

Standard
Standard rate if you don’t trade as frequently as 10 or more times per month

£12.50 £17.50
Click here for trade values above £100,000 Looking for fund rates? Looking to make regular monthly investments?

  • Share dealing rates apply to each individual account separately. Trades cannot be aggregated across accounts.
  • * Trades that are not eligible include - Certificated, Dividend reinvestment trades, Unit Trust, OEICs, New Issue, cancelled or deleted trades, zero commission, FX-only transactions, Regular Investing and promotional discounted trades. These commission rates apply to standard transactions and may change. You should confirm the current rate at the time of dealing and read the terms for all standard transactions as set out in our Terms of Service.
  • International Commissions are charged in the customer settlement currency and multiplied by the conversion rate (if applicable) subject to the minimum and maximum charges shown. If orders are filled over a number of days, there is a separate commission charge for each day there is a fill.

Share Dealing Rates for Trade Values Over £100,000

Transaction Value Charge
£100,000.01 to £500,000.00 Normal share dealing rate + £30
£500,000.01 to £1,000,000 Normal share dealing rate + £60
Above £1million Subject to negotiation

Other Share Dealing Charges

Telephone The Online share dealing rate + £40
Certificates The appropriate Online or Telephone share dealing rate + £50
Dividend Reinvestment £1.50
In order for the dividend to be reinvested it should have a value of £10 or more.
Extended Settlement (Buy orders greater than T+3) £3 (Excludes buy orders of Unit Trusts and OEICs, and Bed & ISA transactions)
Contract Notes sent by Post £1 + VAT (Does not apply to Telephone Trades)

Investing in Funds (Unit Trusts & OEICs)

 

Cost for dealing in funds


  • No cost for buying or selling online with us
  • No cost for switching funds
  • Minimum investment of £500 required per account. Regular Investing requires a minimum £50 per month
  • £40 dealing fee for telephone trades

Annual ongoing charges

Below are the ongoing costs that you can expect when investing in funds with us.

Find a Fund

Our Fund Selector is a quick and easy way to find and research your next investment. It sorts nearly 2,000 funds into a personalised shortlist for you to compare in more detail.

Our Platform fee*


Funds up to £250,000 0.30%
Funds over £250,000 0.20%
Maximum (per annum, per account) £1,500

*Please note additional account administration fees may apply – see account fees above

What's this fee for?


It contributes towards the ongoing costs for holding your funds with us.

Fund Manager Charges**


Ongoing charges Between 0.08% and 2.60%

**Please note that in some instances the Fund Manager will apply an initial sales charge when you purchase a fund. In most cases there is no initial sales charge on the Funds available from TD however there may be some instances where it may apply. Please use our Fund Selector for details of individual Fund Manager charges.

What's this charge for?


Regular charges applied by the Fund Manager to cover the cost of running the fund.


Example costs - investing in funds


Fund investment £5,000
Platform Fee @ 0.30% £15
Fund Manager Fee @ 0.75% £37.50
£52.50 per year
Fund investment £10,000
Platform Fee @ 0.30% £30
Fund Manager Fee @ 0.75% £75
£105 per year
Fund investment £50,000
Platform Fee @ 0.30% £150
Fund Manager Fee @ 0.75% £375
 
£525 per year
Fund investment £300,000
Platform Fee @ 0.30% £750
Platform Fee @ 0.20% £100
Fund Manager Fee @ 0.75% £2,250
£3,100 per year

Making monthly investments

Regular Investment Dealing Rates

Our Regular Investment Service is an online monthly investment service, which lets you make small monthly payments to an ISA, Trading Account or TD SIPP. You can purchase stocks on a monthly basis for just £1.50 commission. You can also purchase funds, which don't incur commission but may have a Fund Manager charge, see our platform fees. To make regular investments you will need to apply either for a Regular Investment Account or a Trading ISA, selecting the Regular Investment ISA option.

Find out more

Investment Type Buy Fee Sell Fee Minimum Subscription
FTSE 350/ETFs £1.50 Share dealing rate £25
Funds Nil Nil £50

Transferring rates and charges

Assets and cash transfers

Assets
Including stocks, funds, gilts and bonds
Cash
UK Stocks (LSE) European Stocks (Non LSE) Australia, Hong Kong or Singapore Stocks US and Canadian Stocks
Electronic Transfers In Free* Free* Free* Free* Free
Paper Share Certificates In Free N/A £150 per holding Free N/A
Electronic Transfer Out
(To another provider)
£25 per holding** £25 per holding** £25 per holding** £25 per holding** Free**
Withdrawal of Nominee stock as a certificate £25 per holding Not applicable to these markets N/A
Transfer between TD accounts Free Free Free Free Free
Bed & ISA or Bed & SIPP Commission is only charged on the re-purchase; at the appropriate online rate for online requests, or telephone rate for postal and telephone requests. Learn more N/A

*Your existing broker may apply a fee and registrar fees may apply, please check before making a decision.

**The Stock Withdrawal per holding charge does not apply for a plan transfer to another ISA provider. The plan transfer to another ISA provider fee is £50 + the relevant ISA Administration Fee. An additional fee of £75 + VAT will be charged for full and partial SIPP transfers. Learn more

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Track My Transfer

You can easily track the status of your transfer applications from/to another provider online using our Track My Transfer tool. This includes next actions and historic transfers.


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Cash withdrawals from your account

Withdrawal options are dependent on whether Faster Payments can be sent to your nominated bank account. If you are not sure whether your bank account is enabled for Faster Payments, please contact your bank.

Sterling (GBP)

Withdrawals to a Faster Payments enabled account
Standard Bank Transfer FREE
Urgent Bank Transfer (£100,000 and under) £15
Urgent Bank Transfer (over £100,000) £25
Withdrawals to a Non-Faster Payments enabled account
Urgent bank transfer £25
Cross Border withdrawal £25
Euro (EUR)
Standard Bank Transfer
(if funds transferred from Trading Account)
FREE
Urgent Bank Transfer €36
Other Currencies
Currency US Dollar
(USD)
Canadian
Dollar (CAD)
Australian
Dollar (AUD)
Singapore
Dollar (SGD)
Hong Kong
Dollar (HKD)
Swiss Franc
(CHF)
Swedish
Krona(SEK)
Urgent Bank Transfer US$48 CA$50 AU$52 SG$60 HK$300 CHF45 Kr250

Charges are paid at the point of withdrawal. You must ensure that sufficient funds are available to cover the transfer amount and the applicable charge.

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Foreign Exchange (FX)

Foreign Exchange (FX) rates for all currency conversions

The foreign exchange rate for all currency conversion is based on the bid/offer exchange rate to which we apply a spread up to +/- 2.00% at the time of execution. Details are available on request.

Please note for trades which have required multiple fills to execute, you will be charged an FX at the rate applicable to each individual fill. This may result in a higher FX charge than would be calculated against the whole.

Find out more

Transaction Value Margin Rates
£0 to £24,999.992.00%
£25,000 to £49,999.991.75%
£50,000 to £99,999.991.00%
£100,000 to £599,999.990.50%
£600,000 to £999,999.99*0.25%

*Maximum electronic transaction size.

Cash Interest Rates

Sterling & foreign currency balances (USD, CAD, EUR, HKD, AUD, SGD, SEK and CHF)
Account Type Gross Net** AER***
TD SIPP 0.10%* - 0.10%
Multi Currency Savings Account 0.10%* 0.08% 0.10%
Trading and Trading ISA Nil Nil Nil

*Relevant base rate less 1% subject to a minimum of 0.10%

**Net rate is the amount of interest which would be payable after the deduction of income tax at the rate specified by law. As the rate of tax may vary the net rate shown is for illustrative purposes only.

***AER stands for Annual Equivalent Rate (contractual rate when paid and compounded each year). The AER as stated was calculated at 04/12/12.

TD SIPP

Interest will be calculated on your credit balance on a daily basis and credited to your Plan on or around the 25th day of May and November in any one year. We receive interest from the bank with which your credit balance is deposited. A portion of the interest received on your credit balance is credited to you and a portion is retained by TD Direct Investing. The amount retained is 0.5% based on a weighted average interest earned on client money but may vary by 0.2% above or below the stated rate.

Multi Currency Savings Account

Any credit interest will be calculated on your cleared credit balance on a daily basis and will be credited to your account quarterly on or around the 25th day of March, June, September and December. Such interest will be paid net or gross as set out in our Terms of Service. “Gross” means the rate that will be paid to clients before the deduction of income tax. Where you are not eligible to receive gross interest, tax will be deducted at the rate specified by law. Any debit interest will be calculated on the debit balance in your account on a daily basis and will be debited from your account on a quarterly basis. Relevant banks are: Bank of England, European Central Bank, US Federal Bank, Bank of Canada.

TD ProTrader®

What is TD ProTrader®?

TD ProTrader® is our Level 2 price streaming service.

  • View live market data from the London Stock Exchange Advanced intra-day and historical charting, combined with a complete suite of technical analysis tools
  • Make sector, index or company comparisons on charts with historical 5 year line, bar or candlestick view
  • You can create multiple watchlists of your favourite stocks and add stocks to your streaming portfolio, which updates in real time.
Learn more

TD ProTrader® Rates & Charges

Access to the TD ProTrader® service will be charged to clients quarterly in advance, based on the schedule shown below:

Band Trades in Previous Qtr Charge for Subsequent Qtr
375+FREE
226 to 74£50
1Up to 25£200

The Charging Period will be from the 1st day to the last day of each calendar quarter. These charges include VAT and will be levied against accounts within 5 working days of the quarter commencing.

Other non TD charges

Government & Exchange Charges

Stamp duty and PTM Levy
UK Registered stocks purchases only† 0.5% of transaction value
Irish Registered stocks purchases only 1% of transaction value
Panel on Takeovers and Mergers (PTM) Levy - UK Flat charge of £1 on all transactions over £10,000
Irish Takeover Panel (ITP) Levy Flat charge of €1.25 on all Irish transactions over €12,500
Hong Kong – Equity & Company Warrants
All transactions Transaction Levy of 0.0027%, Trading Fee of 0.005% & Stamp Duty of 0.1%
Singapore
All transactions A Clearing Fee of 0.0325%
Structured Warrants A Clearing Fee of 0.05% subject to a cap of S$200
French & Italian Financial Transaction Tax

0.2% for purchases of eligible French and Italian stocks (including any depository interests/receipts). Transactions in eligible Italian stocks on a regulated market or Multilateral Trading facility (MTF) will be at the lower rate of 0.1%. These taxes are applied to each individual purchase dealt in the eligible stocks, including those where sales are made with the same intended settlement date.

† Eligible residual stocks are subject to a minimum charge of £5.00, rounded up to the nearest £5.00 for purchases with a consideration in excess of £1,000.


TD SIPP (Trustee and Scheme Administrator: AJ Bell)

Providing Income Drawdown until age 75 £150 per annum + VAT
The charge is payable even if you elect to take ‘nil’ income in any year.
Providing Income Drawdown from age 75 £250 per annum + VAT
Additional Withdrawal Tranches £75 + VAT
Annuity Purchase £75 + VAT
Death Benefits Payment Time/cost basis (indicative average £350 + VAT)
Flexible drawdown registration £75 + VAT
Closing your SIPP through flexible drawdown or trivial commutation £75 + VAT
Plan Transfer Out Fee (Full and Partial) £75 + VAT + £25 per holding(charged by us)

Other TD charges that may apply


Banking charges

Transaction Fee
Unpaid Direct Debits £25
Copies of Cancelled Cheques Nil
Internal Transfers Nil
Unauthorised Overdrafts £25+ Bank of England Base Rate plus 15% on the full amount
Returned Cheque for Insufficient Funds £25

Other charges

Charge Type Fee
Withdrawal of Nominee stock as a certificate £25 per holding
Unpaid Cheque £25
Late Payment £25 + Bank of England Base Rate plus 15% on the full amount
Sell Out Execution Fee due to non-payment £40*
Buy Back Execution Fee due to non-delivery of stock £40*
Duplicate Documents (including Consolidated Tax Certificate, Corporate Action Notification, Contract Note, Statement, 975 Certificate) £10 + VAT
Request for Replacement Share Certificate £35 + VAT and any other charges levied by third parties
Registration of Legal Documents (Estates) £35 + VAT
Portfolio valuations (probate/other purposes) £10 + VAT per line of stock (minimum £50 + VAT)
Fractional entitlements arising from a Corporate Action up to £5
Credit of tax adjustments on dividends up to £5
Dealing with money/investments received into a closed account up to £5

*Commission Charges will apply in addition to the Sell Out and Buy Back Execution fees.

CREST

CREST personal membership account administration fee (Standard & Elite services, existing customers only) = £15+ VAT per quarter.

This charge relates to the preceding 3 months and will be calculated and charged during the second to last week of each calendar quarter. We'll waive the CREST personal membership administration fee if you hold £5,000 or more in investments and/or cash in your account, at the time the fee is charged.

Choose the right account for your investment goals

Choose an Account

Top 3 TD customers' UK Buys and Sells

Week commencing Monday 8th December 2014

  Top 3 Buys Top 3 Sells
1 TESCO QUINDELL PLC
2 QUINDELL PLC TESCO
3 BP KIBO MINING PLC
See all Top Buys and Sells

The Top Ten Buys and Sells should not be taken as a recommendation to buy or sell any particular bond or stock, and it is not intended to offer any form of advice. Instead it is simply an indication of the general buying and selling trends amongst some TD customers, observed during the period stated.

Things to know before you apply

Risks

All investments carry a varying degree of risk and it's important you understand the nature and risks of the different investments available through TD Direct Investing. Please bear in mind that you may not get back the money you invest and you should not view the past performance of investments as a guide to their future performance.

Your money and investments

Before applying for an account it's important you understand how your money and investments will be held and the investor protection schemes that apply. We will hold your money in accordance with the FCA's client money rules and we may pool your investment with those of other customers.

Conflicts of interest

We have a conflicts of interest policy that identifies circumstances that constitute, or may give rise to, conflicts of interest which pose material risk of damage to one or more of our customers.

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