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Page 1 of 3 Invest in a Share ISA _ Costs - The Share Centre 12_10

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					Invest in a Share ISA | Costs - The Share Centre                                                    Page 1 of 3




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   overview         options         how it works       costs         open account
                                                    jump to
                                                    dealing charges
                                                    subscription fee
                                                    administration fees

  dealing charges

  Commission rates                            Standard tariff      Trader option
  VAT exempt
                                                    subject to
                                             rate                         flat fee
                                                    minimum


   Realtime         purchase and sales                £7.50
                                                                       £7.50
                          purchases          1%       £2.50
                                                                     see below
     Batch
                            sales                     £7.50


 Trader option
 You can buy or sell shares up to the value of £25,000 for a flat dealing commission
 of £7.50. Deals over this size are charged at an additional £7.50 per £25,000 of
 value. The Trader option costs just £20 + VAT each quarter in advance, no matter
 how many accounts you've got.

    Calculator

 Examples

 Standard tariff:

         Your dealing charges will be related directly to the amount you
         invest, or the proceeds of a sale, as shown below. When you
         choose batch dealing, purchases start from £2.50 and sales from
         £7.50, and realtime sales and purchases online start from £7.50.

         Let's say you want to buy some shares in ABC plc. The shares can
         be bought for 100p each, and you want to invest £500, inclusive of
         dealing charges and stamp duty.

         Stamp duty is 0.5% of the purchase value and dealing commission
         on the standard tariff is 1%, minimum £2.50.

         Cost of shares         £492.00 (492 shares at 100p each)
         Stamp duty               £2.46 (£492 x 0.5%)
         Commission               £4.92 (£492 x 1.0%)
         Total Cost             £499.38

 Trader option:

         Let’s say you want to buy some shares in XYZ plc. The shares can
         be bought for 100p each, and you want to invest £5,000 inclusive of




http://www.share.com/webp/d_isa.htm                                                                 12/10/2006
Invest in a Share ISA | Costs - The Share Centre                                       Page 2 of 3



        dealing charges and stamp duty.

        Stamp duty is 0.5% of the purchase value and dealing commission
        is £7.50 fixed.

         Cost of shares         £4,967.00 (4967 shares at 100p each)
         Stamp duty                £24.84 (£4967 x 0.5%)
         Commission                 £7.50
         Total Cost             £4,999.34

        Had you bought these shares under the standard tariff, dealing
        commission would have been £49.25 and you’d only have bought
        4,925 shares. So even if this was your only transaction in that
        quarter, your £20.00 fee (+ VAT) would still have saved you £18.25.

 Stamp Duty
 0.5% payable on the purchase of UK-listed shares. Other rates may apply outside
 the UK.

 PTM Levy
 £1 on all transactions over £10,000

 Quarterly re-investment
 0.5% including VAT, plus Stamp Duty. No minimum.

 Preferred Funds
 Purchases of The Share Centre's Preferred Funds are commission-free.

 Unit trusts and OEICs
 Any discount we negotiate for you on the initial fee will be used to buy additional
 units.




  subscription fee

  on the first £12,500            0.125%
                                         of the account value subject to a
  on the next £12,500             0.100% minimum of £5 per quarter (+ VAT),
                                         payable in arrears
  on the balance                  0.075%


        What this fee covers

        for you:

                   A 6-monthly statement of your account by email or post
                   Safe keeping of your investments.
                   Quarterly income withdrawal direct to your bank account
                   Company Reports & Accounts on request by phone, post or
                   online
                   Arranging for you to attend shareholder meetings, including
                   AGMs, on request
                   Email price alerts
                   Twice yearly copies of our magazine, The Shareholder.

        behind the scenes:




http://www.share.com/webp/d_isa.htm                                                    12/10/2006
Invest in a Share ISA | Costs - The Share Centre                                                           Page 3 of 3



                   Monitoring your ISA to ensure that it follows HM Revenue &
                   Customs regulations
                   Regular reporting of your ISA details to HM Revenue &
                   Customs
                   Handling of Rights Issues and other Corporate Actions that
                   affect your shares
                   Monitoring your price limits, stop-loss and tracking stop-loss
                   limits for up to 30 days.

         If the total value of your ISA is £20,000 your quarterly fee would be:

         On the first £12,500                  £15.63 (£12,500 x 0.125%)
         On the remaining £7,500                £7.50 (£7,500 x 0.1%)
         Total                                 £23.13
         VAT @ 17.5%                            £4.05
         Total payable each quarter            £27.18



 Credit interest        Account holders who are resident in the UK for tax purposes
                        will receive interest on cash balances held in their account,
                        paid at the Bank of Scotland Base Rate less 3.5%. Interest is
                        paid gross of UK Income Tax and is credited to your account
                        in January, April, July and October.



  administration fees

  Cash transfer             to your home             - by cheque                     £5.00
                            to your bank             - 3 day transfer                 free
                                                     - same day transfer            £25.00
                                                     - overseas                     £50.00

  Share transfer - for each shareholding transferred out                            £15.00
  Handling a bounced cheque or unpaid direct debit                                  £15.00
  Probate valuation                                                                 £20.00
  Closing account (excluding dealing and transfer costs)                            £20.00
  These fees include VAT where applicable




The Share Centre is a member of the London Stock Exchange and is authorised and regulated by the
Financial Services Authority and is entered in the register ( www.fsa.gov.uk/register/ ) under reference
146768. Registered office: Oxford House, Oxford Road, Aylesbury, Buckinghamshire, HP21 8SZ. Email:
info@share.co.uk. Registered in England no. 2461949. VAT registration no. 596 3918 82.
Please read our RISK WARNINGS, TERMS OF BUSINESS & PRIVACY POLICY.




http://www.share.com/webp/d_isa.htm                                                                        12/10/2006

				
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