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Do you charge an annual management fee for an ISA or share dealing account?
You’ll be charged a custody fee of £24 per quarter if you hold investments on a share dealing account or ISA at the end of each quarter. The fee does not apply if you only hold cash on your account.
The custody fee is also dependent on your trading activity, and commissions paid during the quarter will be deducted from the fee. You will be exempt from the charge if you:
- Deal three or more times on your share dealing account during the quarter OR
- Hold investments worth £15,000 or more across your IG Smart Portfolio accounts at the end of the quarter
If a custody fee is due, we’ll debit it from your share dealing account first. If sufficient funds aren’t available, we’ll then deduct from your ISA account. If there is insufficient cash on both accounts, the account with the highest asset value will be taken overdrawn.
If you have an IG SIPP there is an annual charge payable to James Hay Partnership, our SIPP administrator. We will not charge you a management fee unless you’re invested in an IG Smart Portfolio.
You can find details of all our fees and charges here.
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