If your investments fall in value, you could lose money. Tax allowances and the benefits of tax-efficient accounts could change.
Investment Club Account
We have become part of interactive investor. As a result, you can no longer open an Investment Club Account with The Share Centre.
Investment club benefits

Fixed monthly account fee
£2.00 per month and a dealing option to suit you.

Pick your own
You’re in control of choosing, buying and selling your investments.

No annual limit
Invest as much as you like and withdraw money whenever you want.

Wide investment choice
Shares, funds, investment trusts, bonds, gilts, ETFs and more.
Investment club costs
We charge fixed account fees (which don’t grow as your investments do), and offer a choice of dealing options to keep your dealing costs down.
Standard dealing option
I usually deal less than £750 or occasionally
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Frequent dealing option
I deal more than £750 frequently or have a lump sum to invest
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Fixed account admin fee | £2 per month | £2 per month |
Dealing option fee | - | £24 per quarter |
Dealing commission | £7.50 per deal for trades less than £750, 1% for £750 and above | £7.50 per deal |
Dealing commission for phone/post/email | £20 per deal for trades less than £2,000, 1% for £2,000 and above | £20 per deal |
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. |
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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) |
Cash withdrawals
3-5 day transfers | Free |
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Same day transfer | £25 |
Overseas | £50 (restrictions apply) |
Cheque | £25 |
Optional services
Regular investing | 0.5% (min. £1) |
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Dividend reinvestment | 0.5% |
Statements & contract notes by post rather than email | £2.40 per month |
Share Transfers
Transfer to another provider | Free |
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Re-registration to certificate | £25 per certificate |
Other
Bounced cheque or unpaid Direct Debit | £25 |
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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.
Why invest with us?
Tips and tools
Our comprehensive range of investment tips and tools make it easy to choose and manage your investments.
Safe & secure
As one of the UK’s leading stockbrokers, we are authorised and regulated by the Financial Conduct Authority (FCA).
Award-winning
We’re proud to be regularly recognised by industry awards for our outstanding customer service.