Halifax Share Dealing Costs8 Feb 2021 13:18
From 1st April 2021, we’re changing the fees we charge for our Share Dealing Service and also updating some of our Terms and Conditions. I’ve explained some of the changes to our fees below. For a full list of the new fees and how they may affect you, and a summary of all the changes to our Terms and Conditions, please read the Guide to Changes below. Our new Terms and Conditions can be found here or you can ask us for a copy.
The fee changes at a glance
Customer administration fee - taken from April 2022. We’re introducing a new £36 annual fee to cover the costs of running the Share Dealing Service, which includes our Share Dealing Account, ISA and ShareBuilder. The first fee will be taken in April 2022 so you have over a year to decide if the account is right for you.
ISA administration fee. From April 2021, we’ll no longer charge the annual £12.50 fee as this is being replaced by the customer administration fee. We’ll collect your final payment for the 2020/21 tax year in May 2021 in the usual way if you have an ISA.
Online dealing commission. We’re reducing the online dealing commission for UK Shares, International Shares and Funds from £12.50 to £9.50.
How we’ll collect your customer administration fee
We’ll take payment for the new £36 fee from cash within your account in April each year, with the first payment collected in April 2022. If your account doesn’t have enough cash to cover the fee, we’ll take the remaining amount by Direct Debit or from your Debit Card. If you have more than one account with us then you’ll only pay this fee once, whether it is a Share Dealing Account, a Stocks and Shares ISA or a ShareBuilder Account. We’ll contact you nearer the time to remind you when the fee will be taken.