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Investing for children

Bare Trust Account
Charges and interest rates

Annual account charges

Your annual charge depends on whether you hold funds or shares in your Bare Trust Account. There are no charges for opening an account, holding cash or inactivity.

You can see the interest rates paid on any cash held in a Bare Trust Account here.

Shares

Including UK and overseas shares, investment trusts, exchange-traded funds, VCTs, gilts and bonds.


No Charge

Funds

Value of funds Charge
On the first £250,000 0.45%
On the value between £250,000 - £1m 0.25%
On the value between £1m - £2m 0.1%
On the value over £2m 0.00%

Important note about charges

The investments you choose may have their own charges, such as charges from a particular fund manager. These are in addition to our account charges. You can find these in each investment’s key investor information. If investing in funds, a bid/offer spread may also apply - see our Guide to Fund Prices for details.

Dealing charges

Fund dealing

There's no dealing charge for buying or selling funds.

Online and mobile app share dealing

Including UK and overseas shares*, investment trusts, exchange-traded funds, gilts and bonds.

Number of deals in previous month Charge per deal
0 - 9 £11.95
10 - 19 £8.95
20+ £5.95

*There’s an added foreign exchange charge for overseas share deals, depending on deal size. See our overseas share dealing page for details.

Automatic reinvestment

If you’d like any share income automatically reinvested, we’ll reinvest your income when it reaches £10 per holding or the amount you choose. There’s no charge for this.

How to pay charges

There’s no need to remember to make any payments. Each month we’ll automatically take charges from cash in your account.

If there’s not enough cash in your account, we’ll sell some of your investments to cover charges. There is no additional charge for this.

How much cash you need to keep available in your account depends on your investments. We’ll suggest a minimum cash amount for you, which you’ll be able to see in your account when you log in.

Other charges

  • Government tax and levies (per deal)
    UK Stamp Duty 0.5% on purchases of UK shares
    PTM (Panel on Takeover and Mergers) £1 on UK share deals over £10,000
    Irish Stamp Duty 1% on purchases of Irish shares
    French Financial Transactions Tax 0.3% on purchases of certain French shares
    Spanish Financial Transactions Tax 0.2% on purchases of certain Spanish shares
    Italian Financial Transactions Tax 0.1% on purchases of certain Italian shares
  • Telephone share dealing
    1% of the trade value, minimum charge £20, maximum £50.
  • Account administration

    Made in addition to the charges above, where applicable.

    Cash withdrawals

    No charge

    Account closure fee

    No charge

    Limit orders

    No charge

    Automated sales to cover charges
    (selling fund units or shares to cover fees)

    		 No charge

    Quarterly statement and valuation (paperless)

    No charge

    Quarterly statement and valuation (paper)

    No charge

  • Transfers

    Transfer out (as cash)

    No charge

    Transfer out (as stock)

    No charge

Other charges may apply in specific circumstances - see the terms and conditions for details.