Saga Share Direct Fees and Charges

Saga Share Direct Nominee Dealing Account and Shares ISA commission charges

Commission is charged per deal. Other charges and service restrictions may apply.

Online commission – All investment types except unit trusts and OEICs

Deals per quarter Commission
1 to 9 £11.95
10 and above £9.75

   

Telephone commission – All investment types except unit trusts and OEICs

Deal value 1–9 deals per quarter 10+ deals per quarter Saving Saved
£0–£999.99 £17.50 £12.50 £5.00 28.57%
£1,000–£2,499.99 £20 £14.75 £5.25 26.25%
£2,500–£4,999.99 £35 £17.50 £17.50 50.00%
£5,000–£9,999.99 £40 £19.50 £20.50 51.25%
£10,000+ £50 £19.50 £30.50

61.00%

Regular Investing

Trades placed through the regular investment service are charged at a flat rate of £1.50 per trade.

Automatic dividend reinvestment

Automatic dividend reinvestment purchases are charged at a rate of 1% (minimum £1, maximum £7.50)

Funds (Unit Trusts and OEICs)

There are no dealing charges for buying funds through the Saga Share Direct service.

There is a fund administration fee of 0.35% per annum subject to a minimum charge of £35 per annum per account. The fee is calculated on the daily value of Qualifying Fund holdings, up to a maximum of £500,000. There is no further charge on fund holdings over £500,000. Fees will be calculated quarterly and charged as at the end February, May, August and October. There is no charge for sale of funds.

Administration Charges

There are no account administration charges on any Saga Share Direct service.

Saga Share Direct Certificated Dealing Account commission charges

Commission is charged per deal. Other charges and service restrictions may apply.

Deal value
Commission
£0 - £999.99
£25

£1,000 - £2,499.99

£42.50
£2,500 - £4,999.99 £50
£5,000 - £7,499.99
£62.50
£7,500 - £9,999.99 £70
£10,000 - £14,999.99 £80
£15,000 - £19,999.99
£90
£20,000+ £100

Stamp duty reserve tax Charge
Purchase of UK Equities 0.5% (except where listed on AIM)
Purchase of Irish Equities 1%
Purchase of Eurobonds 0.5% (Call Customer Services 0n 0800 056 4827)
PTM Levy £1 flat rate charge on UK equity transactions over £10k
Irish PTM Levy €1.25 Flat rate charge on Irish equity transactions over €12,500
Account Closure/Transfer
Charge
Closure of account FREE (Dealing and/or transfer fees may be applicable)
Transfer out of shares £10 per stock, maximum charge £100
Transfer in of shares Free
Cash Management Charge
Cash withdrawal FREE
Wire Charge £20
Late or Failed Settlement Charge
Late Settlement £40 + VAT
Unpaid Direct Debit/Cheque £15 + VAT
Returned cheques and/or direct debits £15
Charge passed on from Registrars
or rejection of a certificate
£15
Debit Interest
Bank of England Base Rate +3.5%
General Administration Charge
Ad hoc statement or valuation There may be a charge – quoted on request
Copy of consolidated tax certificate £10+ VAT (if requested after 3 months of sending the original)
Duplicate contract note Free, if requested within 6 months since deal
£10+VAT, if requested more than 6 months since deal
Copy of tape recording/telephone £20 conversation transcript in case of complaint
(if Saga Share Direct is not at fault)
Valuation for Probate £25 + VAT
CHAPS Fee £20
Rematerialisation Fee £10

 

Interest payable

There is currently no interest paid on cash held in any Saga Share Direct accounts.