Arthur21

[Arthur21]

Custody Fee on an ISA account?  I don’t remember paying it in previous years. Is it a new charge?

[MongiIG]

6 minutes ago, Arthur21 said:

Custody Fee on an ISA account?  I don’t remember paying it in previous years. Is it a new charge?

Hi @Arthur21

Thanks for reaching out.

Custody fee

Our custody fee is a flat fee which means it does not grow as your investments grow, unlike at other brokers. It is also reduced by any trading fees you pay during the quarter.
If you place 3+ trades during the quarter, there is no custody fee to pay.

You are also automatically exempt from the share dealing custody fee if you invest £15,000 in an IG Smart Portfolio account. See more information on our range of expertly managed portfolios here.

Note for custody fee: 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.

For more information please visit these links: What are IG's share dealing and ISA charges and fees? and Share dealing: charges and fees

All the best - MongiIG