TD Direct Investing

Rates and
Charges

1 January 2017
An overview of TD Direct Investing fees and charges
When you trade and invest with TD it’s important you understand what you’ll be paying and what you’ll get from us. There are 4 main
types of fees that you’ll become familiar with, these are;

Fees for holding

Account Fees
n Our account fees cover the
services and support we
provide including:
Safe custody of your portfolio
Online access to our platform
An annual account statement
and consolidated tax certificate n We don’t charge you a
Corporate action and dividend
payment administration
Access to market research
tools, reports and expert
analysis
Free smartphone and tablet
apps
Our UK based call centre
Trading Commission
n We charge trading
commission when you
buy or sell shares, ETFs,
Investment Trusts, Gilts,
Bonds or Warrants – the
commission covers our
costs of placing your trade.
commission to buy or sell
investment funds.
investment funds
n We charge a platform fee
for any investment funds
(Unit trusts or OEICs) you
hold with us - the fee
covers our costs for holding
and administering your
investments.
Other Fees
n We will ask you to pay an
additional fee to cover our
costs where we provide
additional administration
for complex or unusual
transactions, or where we
incur additional costs from
third parties. These include
Government or other
mandatory fees and taxes.

You’ll find details of these rates and charges in the following pages and online at tddirectinvesting.co.uk.
Where our charges are linked to interest rates, you’ll find the current relevant rate online.
Where relevant VAT will be charged at the prevailing rate.

Account Fees
Account Type Fee When is this calculated and charged?
TD Trading Account £20 + VAT per charging period, or Charging periods are
(including TD Pension FREE if you: n 1st January to end June
Trading Account) place 1 or more trades in the charging period, or
n 1st July to end December
have a portfolio worth £15,000 or more, or
hold Funds (Unit Trusts or OEICs) worth £10,000 or more, or The fee is calculated during the last weekend
have a linked TD ISA or TD SIPP of each period.

TD ISA £30 + VAT per year or part year, or The charging period starts on 1st June.
FREE if you:
have a portfolio of £5,100, or The fee is charged to your account in early
have an active regular investing facility June each year for the previous year, or on
closure of your account.

TD JUNIOR ISA FREE

TD SIPP 0.25% of the value of the SIPP per charging period Charging periods are
with a minimum of £40 + VAT and a maximum of £100 + VAT n 1st December to end May
per charge (total minimum £80 + VAT and maximum £200 n 1st June to end November
+ VAT per year). The fee is calculated on value of your SIPP on
last day of each period and charged to your
account shortly afterwards.

TD Regular Investment FREE

Account
TD Trading Commission Rates
Trades placed on line or via a TD app.

£5.95 If you traded 20 times or more a month
on average in the previous 3 months
£8.95 If you traded 10 times or more a month
on average in the previous 3 months
Qualifying trades are; Equity, ETF and Investment Trust trades where
commission has been paid in full and are counted per account (they cannot be
aggregated across multiple accounts).
The following trades do not qualify; Fund trades, Certificated trades, Dividend
Reinvestment trades, Regular Investing trades, FX-only trades, New Issues,
Cancelled or deleted trades, Trades processed at zero or a promotional rate of
commission.

£12.50 If you traded less than 10 times a

month on average in the previous
3 months

£1.50 To buy FTSE 350 or ETFs by monthly Minimum monthly regular investment of £25 per stock. Buy trades are
Regular Investment facility normally made on the third Wednesday of each month. Sales are charged
commission at the normal rate.

FREE To buy or sell investment funds or invest ‘Investment funds’ means OEICs and Unit Trusts
regularly in investment funds

Other trading commission rates

Type of trade Commission
Telephone trades (Equities or ETFs) £40 In addition to the appropriate on-line commission
Trade value of £100,000 to £500,000 (Equities or ETFs) £30
Trade value over £500,000 (Equities or ETFs) £60 In addition to the appropriate on-line or telephone
Certificates £50 commission

Extended settlement for buy orders greater than T+3 £3

Dividend Reinvestment £1.50 Minimum dividend value for reinvestment of £10
Normal online or phone trade commission applies
Bed & ISA instruction £0 on the sale
to the re-purchase
Contract notes sent by post £1 + VAT Does not apply to telephone trades

These commission rates apply to standard transactions and may change. You should confirm the current rate at the time of dealing and
read the terms for all standard transactions as set out in our Terms of Service.
International Commissions are charged in the customer’s settlement currency and multiplied by the conversion rate (if applicable) subject to
the minimum and maximum charges shown.
If orders are filled over a number of days, there is a separate commission charge for each day there is a fill.

Foreign Exchange (FX) rates

The foreign exchange rate for all currency conversion is based on the bid/offer exchange rate to which TD Direct Investing applies a spread
based on up to +/- 1.50% at the time of execution. Details are available on request.
Please note; for trades which require multiple fills to execute you will be charged an FX at the rate applicable to each individual fill. This
may result in a higher FX charge than for a single trade of the same total value.
The maximum online FX transaction is £999,999.99, please call us for higher transactions.

Transaction value Margin rate

£0 - £24,999.99 1.50%
£25,000 to £49,999.99 1.25%
£50,000 to £99,999.99 1.00%
£100,000 to £599,999.99 0.50%
£600,000 or more 0.25%
TD Fees for investing in and holding Investment Funds (Unit Trusts and OEICs)
Fee to buy or sell Funds FREE
Platform fee for holding Funds 0.30% per year on Funds to a value of
£250,000
Calculated daily on the value of your Funds held, aggregated twice a year on or around
the first business day of January and July and charged to your account shortly afterwards. 0.20% per year on balance of Funds value
above £250,000
If you close your account or withdraw your Fund holdings the fee will be charged on a
pro-rata basis. The maximum fee is £750 per account
per charge (maximum total charge of
£1500 per account per year).

Charges applied by Fund Managers (initial sales charge and ongoing fund charge) are payable in addition to TD platform fees. You can find
details of Fund Manager charges for each fund on our website.

Cash Interest Rates

TD Trading Account, TD ISA,
TD Junior ISA, TD Regular
Investing Account, CPM Account,
TD Pension Trading Account
Gross Interest Rate Interest calculation and payment
0% Interest is calculated on a daily basis and paid or charged
quarterly, on or around 25th day of March, June,
No interest is paid on cash balances September and December.

TD SIPP Relevant Rate less 1%, Interest is calculated on a daily basis and paid twice a year,
with a minimum of 0.10% on or around the 25th of May and November.

The Relevant Rate is usually set with reference to a central bank rate and depends on the currency in which you hold cash. You can find
the current Relevant Rates on our website.
All interest is paid gross of income tax. You are responsible for payment of any income tax that may be due through your self-assessment
return.

Other charges
Transfer in or out of Stock, UK Certificates, Funds, or ETFs. FREE
Late payment charge £25 plus 15% above Bank of England Base Rate charged on the debt.
Sell out execution fee due to non-payment £40 plus trade commission if applicable
Buy back execution fee due to non-delivery of stock £40 plus trade commission if applicable
Unpaid direct debit or returned cheque £25
Duplicate documents £10 + VAT
Certificated CREST rejection fee £15
Request for replacement share certificate £35 + VAT plus any charges levied by third parties
Registration of legal documents (estates) £35 + VAT
Portfolio valuation (for probate or other purposes) £10 + VAT per line of stock, minimum of £50 + VAT

For withdrawing money from your account

Sterling (GBP) Euro (EUR) US Dollar Canadian Australian Singapore Hong Kong Swiss Swedish
Only for urgent Only for urgent (USD) Dollar Dollar Dollar Dollar (HKD) Franc Krona
bank transfers bank transfers (CAD) (AUD) (SGD) (CHF) (SEK)
£15 up to £100,000
€36 US$48 CA$50 AU$52 SG$60 HK$300 CHF45 Kr250
£25 over £100,000

Charges are paid at the point of withdrawal. You must ensure that sufficient funds are available to cover the transfer amount and the
applicable charge.

Please note that we only pay you fractional entitlements from corporate actions, credit tax adjustments on dividends and money or
investments received into a closed account if the value is £5 or more.
Other charges applicable to TD SIPP (Trustee and administrator AJ Bell)
These charges contribute to the additional fees that are charged to us by AJ Bell for additional administration services on the TD SIPP.

Flexi Access Income Drawdown Charge

£75 per annum + VAT, payable in advance

Providing Flexi Access Income Drawdown The charge is payable even if you elect to take ‘nil’ income in
any year

Providing a combined payment of tax free cash and income £75 + VAT per payment
Conversion from Capped Drawdown to Flexi Access drawdown £75 + VAT
Single payments outside standard monthly payment date £25 + VAT
Withdrawal of all SIPP funds through Flexi Access within
£250 + VAT
12 months of account opening
Other SIPP Charges
Annuity purchase £75 + VAT
Death benefits payment Charged on a time / cost basis – indicative cost £350 + VAT
Capped Drawdown Charges for SIPP customers with capped drawdown established prior to 5th April 2015
Capped Income Drawdown, until age 75 £150 per annum + VAT, payable in advance
Capped Income Drawdown, from age 75 £250 per annum + VAT, payable in advance
Additional amount allocated to Capped Drawdown / review
£75 + VAT
of income levels

Government Charges
Government tax or levy Charge Transaction
UK Stamp duty 0.5%* UK stock buys
UK Panel on Takeover and Merger levy £1 UK trades above £10,000 (buys & sells)
Irish Stamp Duty 1.00% Irish stock buys
Irish Takeover Panel levy €1.25 Trades above €12,500 of Irish Incorporated stocks (buys & sells)
Hong Kong transaction levy 0.0027%
Hong Kong trading fee 0.005% Equity and company warrant transactions
Hong Kong Stamp Duty 0.1%
Singapore clearing fee 0.0325% All transactions
French Financial Transaction Tax 0.3% French stock buys

Italian Financial Transaction Tax 0.1% Italian stock buys

*Non-CREST eligible and CREST eligible residual stocks are subject to a minimum charge of £5, rounded up to the nearest £5.

Brokerage Services provided by TD Direct Investing (Europe) Limited (a subsidiary of The Toronto-Dominion Bank). Incorporated in England and Wales under registration number 2101863. Registered office: Exchange Court, Duncombe
Street, Leeds, LS1 4AX, United Kingdom. Authorised and regulated by the Financial Conduct Authority, 25 The North Colonnade, Canary Wharf, London, E14 5HS, United Kingdom (Financial Services Register Firm Reference Number
141282), member of the London Stock Exchange and the ICAP Securities and Derivatives Exchange. VAT Registration No. 397103051. www.tddirectinvesting.co.uk. An affiliate of TD Direct Investing (Europe) Limited owns an
equity interest in TMX Group Limited (“TMX”) and The Toronto-Dominion Bank has a nominee director serving on the board thereof. As such, TD may be considered to have an economic interest in the listing and trading of securities
on an exchange owned or controlled by TMX, including the Toronto Stock Exchange, the TSX Venture Exchange and Alpha Exchange, and in the clearing, settlement and depository services provided by The Canadian Depository for
Securities and its affiliates. No person or company is required to obtain products or services from TMX or its affiliates as a condition of TD or its affiliates continuing to supply a product or service. The TD SIPP is administered by AJ Bell
Management Limited. AJ Bell Management Limited is Incorporated in England and Wales under registration number 3948391. Registered Office: Trafford House, Chester Road, Manchester, M32 0RS. Authorised and regulated by the
Financial Conduct Authority (Financial Services Register Firm Reference Number 211468). Sippdeal Trustees Limited is a wholly owned subsidiary of AJ Bell Management Limited, Incorporated in England and Wales under registration
number 4050222. Registered Office: Trafford House, Chester Road, Manchester, M32 0RS. Sippdeal Trustees Limited does not conduct any regulated activities, and is, therefore, not regulated.
TDDI RATE STND PDF 01/17