Annual Fee By choosing our “Annual Fee” you can receive a large number of dividends without our normal £6.75 Dividend Processing Fee. This is ideal if you are switching to us from other ISA managers with a higher annual fee or if you hold a large number of stocks. You pay only 0.5% of the total value + VAT. Our minimum is £40 + VAT and, the maximum is £150 + VAT. The fee is charged to our plan(s) in arrears on a quarterly basis. The fee can be met from outside your plan(s) by cheque, if preferred. Partners can combine their accounts for fee purposes for a maximum fee of only £200 + VAT with a minimum of £60 + VAT. The annual fee is also payable on a pro-rata basis, when you close or transfer the ISA.
Dividend Fee This is our simplest charge which is also good for the “first time” buyer. You pay us only £6.75 for each dividend (including “DRIP” Scheme dividends) we receive and process for you. You pay no more annual costs with this, our most popular, charge. If you hold only one investment in the ISA, your total yearly cost could be as low as £13.50 (i.e. two dividends).
| | Unlike most ISA Managers, Pilling & Co lets you choose the charge structure to suit your needs making our ISAs as cost effective as possible for you. Also, you can change the charge in April each year to suit new needs. Please note that you don’t have to change your ISA manager to change the charge structure at Pilling.
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