So I was interested to see how stamp duty and trading charges work as a percange of each deal depending on the size of the trade. This table showing H&L total costs of trading.
| HL Vantage Service (all accounts) Online share dealing (per deal) | ||||||
| Amount of deal (£) | Charge | stamp duty @ 0.5% [x2] (£) | Charges buy and sells (£) | Total charges (buy + selling + stamp x2) | Charge as % of investment (%) | |
| Low end | 10 | £9.95 | 0.05 | 19.90 | £20 | 200 |
| High end | 499.99 | £9.95 | 2.49 (4.99) | 19.90 | £24.89 | 4.97 |
| Low end | 500 | £14.95 | 2.5 (5) | 29.90 | £34.9 | 6.98 |
| High end | 1,999.99 | £14.95 | 9.99 (19.98) | 29.90 | £49.88 | 2.49 |
| Low end | 2,000 | £19.95 | 10 (20) | 39.90 | £59.9 | 2.99 |
| High end | 3,999.99 | £19.95 | 19.99 (39.98) | 39.90 | £79.88 | 1.99 |
| Low end | 4,000 | £24.95 | 20 (40) | 49.90 | £89.90 | 2.25 |
| High end | 19,999.99 | £24.95 | 99.99 (199.98) | 49.90 | £249.88 | 1.25 |
| Low end | 20,000+ | £29.95 | 100 (200) | 59.90 | £259.90 | 1.30 |
| High end | n/a | n/a | n/a | n/a | n/a | n/a |
Note this examples is for use when considering quick trades (in and outs). Its does not take account of any holding charges (annual management charge).
This table assumes you are buying and selling (online) within a price bracket i.e. you are not buying £499.99 of shares and selling £1999.99 of shares.
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