Halifax

Halifax Share Dealing slashes ISA charges

04 March 2013

Halifax Share Dealing simplifies and cuts annual ISA admin charges

From 6 April 2013, Halifax Share Dealing (HSDL) will be reducing the annual administration charge on its Self-Select Stocks & Shares ISA to just £12.50 a year – one of the lowest rates in the market.

In addition, new customers opening a Self-Select Stocks & Shares ISA before 5 April 2013 will have their admin charges waived for the remainder of the current tax year (2012/2013), and the charge for the tax year 2013/14 will not be collected until April 2014.

Simple and transparent
At the same time exit, and closure fees on this ISA are also being removed, allowing customers to enter and exit without penalty. And the terms and conditions documentation is being updated to make it even clearer and easier to understand.

Alongside the flat rate ISA admin fee and the removal of exit and closure fees, HSDL customers will also benefit from:

  • No platform fees
  • No account opening fees
  • No customer ties
  • Best price guarantee through HSDL's 'pure polling' trading gateway

Damian Stansfield, Halifax Share Dealing, comments:
"We believe in doing the right thing by our customers and helping them make the most of their tax-efficient savings.

"We are always looking to challenge industry norms and this is why we are committed not just to reducing prices, but also to improving transparency, simplifying our charging structure, and removing exit barriers at the same time."

Read full press release