Rates & Charges
Tax Efficient Accounts: ISA
The tax treatment of these products depends on the individual circumstances of each customer and may be subject to change in the future.
Administration Fee
| Account Value | Yearly Administration |
|---|---|
| Over £3,600 | FREE |
| Up to £3,599.99 | £30 + VAT |
Interest Rates
| Uninvested Cash Balance | Gross Rate* | AER*** |
|---|---|---|
| All balances | 0.10% | 0.10% |
Note: The Administration Fee will be charged once a year on or around the first business day in June, calculated on the account value on the last business day in May. Interest will be calculated on your credit balance on a daily basis and credited to your Plan on the 25th day of May and November in any one year. This also applies to the Regular Investment ISA.
* Gross rate is the contractual rate before the deduction of income tax at the rate specified by law.
*** AER stands for Annual Equivalent Rate (contractual rate when paid and compounded each year). The AER as stated is calculated at 04.12.08.
Regular Investment ISA
| Commission | Minimum Subscription | ||
|---|---|---|---|
| Buy | Sell | ||
| FTSE 350 | £1.50 | Standard commission rate | £25/stock |
| ETFs | £1.50 | Standard commission rate | £25/fund |
| Funds | £0* | Nil | £50/fund |
* Funds do not incur commission charges, but may have an initial fee charged by the fund manager.
Purchases can only be made on the first and third Wednesdays of each month, subject to change, please visit tdwaterhouse.co.uk for up to date details.
The Administration Fee will not be charged on the Regular Investment ISA.
Other Charges
| Charge Details | Value |
|---|---|
| Plan Transfer In | FREE |
| Cash Withdrawal | FREE |
| Stock Withdrawal | £20 per holding |
| Plan/Account Closure or Transfer out | £50 + VAT + the relevant administration fee. |
Tax Efficient Accounts: SIPPs
The tax treatment of these products depends on the individual circumstances of each customer and may be subject to change in the future.
| Charge Details | Value |
|---|---|
| Initial Set Up Charge | £80 (no VAT) currently waived |
| Administration Charge | 0.25% of the value of the SIPP twice per year on the first business day in June and December. Subject to a minimum of £40 and a maximum of £100 per collection (no VAT) |
| Pension Transfer in Charge | £80 per plan (for the first five plans) (no VAT) |
| Plan Transfer Out Fee | £80 (no VAT) |
| Transfer In of Stock | FREE |
| Transfer Out of Stock | £20 per holding |
| Income Withdrawal † | £146 per annum, applicable on request between the ages of 50 and 75. Additional Drawdown Tranches, £68 per annum |
| Interest on Sterling Cash Balances | Bank of England Base Rate minus 1.00% |
| Interest on Foreign Currency Balances (USD, CAD, Euro, AUD, HKD & S$)†† |
0.10% AER*** (0.10% gross*) |
| Ad hoc income payment fee | £63 |
† All charges will be increased from the 6th April each year by national average earnings over the twelve months ending the previous October.
†† Please note that AUD, HKD & S$ will only be available from December 2008.
Interest will be calculated on your credit balance on a daily basis and credited to your account on or around the 25th day of May and November in any one year.
SIPP Minimum Investment Amounts
| Payment Type | Amount |
|---|---|
| Regular Contributions | £50 gross monthly (cheque) |
| Single Contributions | £500 gross |
| Transfer of existing Pension Plans | £1,000 |
