Customer fee
The customer fee applies to all investments held across your individual Barclays Smart Investor accounts. This annual fee is 0.25% up to £200,000 and 0.05% on investments over £200,000.
It is charged only on investments such as funds and shares there is no charge to hold cash. This fee is calculated daily and charged monthly on the anniversary date of your account opening and will be notified to you. We’ll collect it 15 working days later from your investment account. Alternatively, you can pay by debit card or set up a monthly Direct Debit.
Please note, if you became a Barclays Smart Investor customer before 6 February 2024, you may pay a different customer fee. Please refer to your Welcome Pack which can be found under Statements and Documents when you log in to Online Banking.
Transaction fees
Customer fee
0.25% p.a.
up to £200,000
and 0.05% on investments over £200,000
Buying and selling shares online*
£6
per trade**
Free to invest in funds online
|
Activity |
Cost |
|---|---|
|
Buying and selling funds online |
No charge** |
|
Regular investments (including shares) |
No charge |
|
Dividend reinvestment |
No charge |
|
Holding cash |
No charge |
|
Transferring investments |
No charge |
|
Cash withdrawal and account closure |
No charge |
*Including ETFs, investment trusts, bonds and gilts
**£25 per trade by telephone. Taxes may apply when buying shares. A foreign exchange and an international brokerage fee will be charged when trading international shares.
The amount you pay will depend on the value of your account and the number of share deals you place. Our simple cost calculator can give you an estimated annual fee for your acount with these details.
The transaction fee is charged when you place a trade, and is taken directly from cash you have in your investment account no later than the next business day. Before placing a trade, you’ll always be shown the fees that apply. For trading international equities, please also refer to the foreign exchange fees.
How we deal with unpaid fees
If fees are not settled on the date they’re due, you’ll enter the debt management process. If outstanding fees are not settled and they reach £12, some of your investments may be sold to raise cash to cover them.
Product fees
Funds, Exchange Traded Funds (ETFs) and investment trusts have product fees that are charged by the fund manager to cover the buying and selling of the underlying investment and its ongoing management. Unless you’ve chosen a Barclays-managed fund, the product costs don’t come to us.
Adjustments are made daily to the net asset value of the fund, and the product fees are taken from the value of the investment, so you won’t pay these fees directly or see them on your statements.
Many investment providers, such as fund managers, are required to show how they assess fair value. Fair Value Assessments are how firms demonstrate the price you pay for a product or service is reasonable compared to the benefit you can reasonably expect to get.
You might want to take this information into account when reviewing your investments. Fair Value Assessments may be available on your chosen investment providers website, or you can contact them to request further information.
Pension Account Administration charges
In addition to the customer and transaction fees, these are Pension Account Administration charges if you currently have a Barclays SIPP. All SIPP accounts pay an AJ Bell Administration fee of £31.25 + VAT per quarter or part thereof (£125 + VAT p.a). This fee will be collected by Barclays and paid to AJ Bell. No part of this fee is kept by Barclays.
Depending on your activity additional SIPP charges may apply. See a full list of SIPP fees. [PDF, 524KB]
Interest rates
You’ll earn interest on any uninvested cash you hold in an Investment ISA and SIPP account. Unless you’ve opted out, cash held in an Investment Account will be moved each day to an Investment Saver where it also earns interest. If you opted out of the Investment Saver, but would like to opt back in, please contact us.
Current rates
Barclays Investment Solutions Ltd holds all uninvested cash as Client Money with a selection of approved banks or other third parties. View details of the current panel.
We may receive bank interest on Client Money held in Client Money Bank Accounts. This will be retained by us and not paid to you. However, we may pay you a contractual rate of interest on your Client Money at rates determined by us and set out on our website. The rate of contractual interest is subject to change (upwards and downwards) and in certain circumstances we may cease to be able to pay it.
Interest is paid on the first day of each month, based on the cash held in your account the previous month. Rates may change from time to time. AER (Annual Equivalent Rate) illustrates what the interest rate would be if interest was paid and compounded once each year.
Foreign exchange fees
You’ll need to pay a foreign exchange fee when buying and selling international equities, which is based on the value of the trade.
You’ll always see the estimated rates and charges before you place a trade, and we’ll confirm all the rates and charges once it’s been executed – they’ll also be in your contract note.
We use foreign exchange agreements for setting International orders.
When you buy and sell on an international exchange, the trade happens in the local currency. To convert the currency, we will enter into an FX transaction matching settlement date of your sale/purchase. We make these agreements with another part of the wider Barclays group called Barclays Bank plc (BARX), who may make a profit.
In executing the FX trade, using the FX rate provided by BARX, we’ll always look to act in your best interest. We’ll show you the rate used to convert the currency for settlement and accounting purposes. Please note that the value of international investments is affected by currency fluctuations.
Taxes and levies
When you buy shares, including investment trusts, Governments impose taxes and levies at the following rates:
UK taxes and levies
International taxes and levies
International brokerage charge
UK Platform Group
Members of the UK Platform Group have developed a factsheet to help consumers compare platform charges – the factsheet outlines the types of charges imposed by platforms and the different labels that are used across the industry to describe such charges.
Charges Factsheet [PDF, 87KB]
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Grow your money in a tax-efficient ISA. Invest up to £20,000 per year with a simple low annual charge and dedicated customer support.
Get started in minutes and secure your annual allowance with a debit card, a monthly Direct Debit or by moving money from your Barclays account. There’s no charge to hold cash if you need some time to decide where to invest.
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