If your investments fall in value, you could lose money. Tax allowances and the benefits of tax-efficient accounts could change.
ISA virgin... invest for the very first time
Ready-made ISA benefits
Experts handpick and manage your investments.
No account fees
No dealing fees, initial fund charges or monthly admin fees.
No Capital Gains Tax or further Income Tax to pay on profits.
Choose an ISA to suit you
Your money will be invested in one of our three funds of funds, depending on your account choice:
|TC Share Centre Multi-Manager Cautious Fund Inc||TC Share Centre Multi-Manager Balanced Fund Inc||TC Share Centre Multi-Manager Adventurous Fund Acc|
They each contain a range of funds from well-known providers, which enables you to benefit from their expertise and spread risk by diversifying across different markets and sectors.
Ready-made ISA costs
Your fund’s annual management charge and ongoing charge (see links above) are taken from the fund itself, so you don’t need to worry about paying them separately. There are no account fees, dealing fees, or initial fund charges to pay.
Other dealing fees
|Stamp Duty Levy||0.5% on the purchase of UK shares (excluding AIM and other recognised growth markets). Other rates may apply to non-UK shares.|
|PTM Levy||£1 on transactions over £10,000|
|Foreign Financial Transaction Tax||Tax Payable on the purchase of specific European shares (charge varies by country)|
|3-5 day transfers||Free|
|Same day transfer||£25|
|Overseas||£50 (restrictions apply)|
|Regular investing||0.5% (min. £1)|
|Statements & contract notes by post rather than email||£2.40 per month|
|Transfer to another provider||£25 per account|
|Re-registration to certificate||£25 per certificate|
|Bounced cheque or unpaid Direct Debit||£25|
|Deceased customer account administration||£100|
|Overdue fee charge - Sell stock (per investment)||£7.50 (To recover overdue fees on your account we may need to divest the equivalent value of your investments, plus this additional charge to cover the cost of the trade)|
Costs and charges illustration
To give you a feel for the costs involved, our cost sheet includes an illustration of costs you will pay, based on how much you invest and what type of investments you choose.
Payment of account & dealing charges
Your account admin fee (and postal statements & contract notes fee if chosen) will be collected from your account on the 26th of each month, or the next business day. If you’ve chosen our frequent dealing option, the first payment will be collected from your account when opened and quarterly thereafter. Dealing commission, regular investing fees and other fees will be taken from your account as part of each transaction.
What interest will be paid on cash?
Gross interest on any cash you hold will be credited to your account quarterly at the Bank of Scotland base rate, minus 3.5% (min. 0%). We may retain the difference between the interest paid to you and the interest we are able to earn, as permitted by The Financial Conduct Authority.