Our Accounts

Whether you’re looking for tax-efficient trading, retirement planning or just want to practice share dealing with £10,000 virtual cash, we’ve got an account to suit your needs.

Bank of Scotland Share Dealing Account

With a Bank of Scotland Share Dealing Account you can trade on seven world markets in a variety of investments.

  • Trade online or over the phone.
  • Invest in UK or international shares, funds, bonds, gilts, investment trusts and Exchange Traded Funds (ETFs).
  • Buy shares on seven world markets.
  • Real-time online dealing from £11.95 dealing commission per trade.
  • Dedicated Research Centre so you can keep up-to-date with all the latest market news and prices.


How much does it cost?

Online trading costs £11.95 per trade for both UK and international shares. You can also trade over the phone with our dealing commission starting at £25 (plus stamp duty) per trade for UK stocks and £11.95 per trade for all international securities.

When you buy UK stocks, you also have to pay a form of tax called Stamp Duty or Stamp Duty Reserve Tax. This is 0.5% of the value of the investments you buy (1% on Irish stocks). You do not pay Stamp Duty on AIM stocks or Exchange Traded Funds.

Foreign currency conversions are required to facilitate the settlement of international transactions. When buying or selling international securities, we adjust the exchange rate by 1% and keep the difference as our fee when buying and selling international securities. The available exchange rate is based on the exchange rate provided by Digital Look. Indicative exchange rates are provided prior to trading, and the rate applicable to the individual trade is confirmed on the contract note once the deal has been completed.

You can also purchase UK shares for the reduced dealing commission of just £2 per trade and invest from as little as £20 per month (minimum investment of £5 per stock).

Additional charges apply - please familiarise yourself with these before you apply.

View our full list of charges.


What are the risks?

All stock market investments involve a degree of risk and you might not get back the full amount you invest. Find out more about the risks involved.


Apply for a Share Dealing Account

Make sure you understand the following checklist before you apply for an account.

  • Understand our dealing and admin charges.
  • All stock market investments involve a degree of risk and you might not get back the full amount you invest.

Our terms and conditions will be changing from 6th April 2016. View the summary of changes and our new Terms and Conditions.

 Apply now

Risk Warning

Please remember that the value of an investment and the income from it can go down as well as up and you may get back less than you invested.

We don't provide advice so if you are in any doubt about making your own investment decisions we recommend you seek advice from a suitably qualified financial adviser.


Apply for a Share Dealing Account

You’ll need to be able to confirm that you:

 Apply now


Stocks and Shares ISA

With the Bank of Scotland Stocks and Shares ISA, you can invest in shares, funds, gilts, bonds and more tax-efficiently. This tax year's ISA allowance is £15,240 and any potential profit you make is free from Capital Gains Tax (this does depend on your individual circumstances and tax laws may change).


How much does it cost?

Online trading costs £11.95 per trade for both UK and international shares. You can also trade over the phone with our dealing commission starting at £25 (plus stamp duty) per trade for UK stocks and £11.95 per trade for all international securities.

The administration charge for our Stocks and Shares ISA is 0.05% per month, with a minimum of £2.59 and maximum of £10 (paid half-yearly). Additional charges apply to the Stocks and Shares ISA - please familiarise yourself with these before you apply.

When you buy UK stocks, you also have to pay a form of tax called Stamp Duty or Stamp Duty Reserve Tax. This is 0.5% of the value of the investments you buy (1% on Irish stocks). You do not pay Stamp Duty on AIM stocks or Exchange Traded Funds.

Foreign currency conversions are required to facilitate the settlement of international transactions. When buying or selling international securities, we adjust the exchange rate by 1% and keep the difference as our fee when buying and selling international securities. The available exchange rate is based on the exchange rate provided by Digital Look. Indicative exchange rates are provided prior to trading, and the rate applicable to the individual trade is confirmed on the contract note once the deal has been completed.

You can also purchase UK shares for the reduced dealing commission of just £2 per trade and invest from as little as £20 per month (minimum investment of £5 per stock).

Additional charges may apply to the Stocks and Shares ISA.

View our full list of charges.


What is the current annual ISA limit?

The current annual ISA limit is £15,240. You can choose to invest your full allowance into either a stocks and shares ISA or a cash ISA. Alternatively, you can split your allowance between a cash ISA and a stocks and shares ISA. For example, if you invest £10,000 into your stocks and shares ISA, you must save no more than £5,240 in a cash ISA.


What are the risks?

All stock market investments involve a degree of risk and you might not get back the full amount you invest. Find out more about the risks involved.


Apply for a Stocks and Shares ISA

Make sure you understand the following checklist before you apply for an account.

  • Understand our dealing and admin charges.
  • All stock market investments involve a degree of risk and you might not get back the full amount you invest.

Our terms and conditions will be changing from 6th April 2016. View the summary of changes and our new Terms and Conditions.

 Apply now

Risk Warning

Please remember that the value of an investment and the income from it can go down as well as up and you may get back less than you invested.

We don't provide advice so if you are in any doubt about making your own investment decisions we recommend you seek advice from a suitably qualified financial adviser.


Apply for a Stocks & Shares ISA

You’ll need to be able to confirm that you:

 Apply now


ShareBuilder

If you're interested in trying out the stock market but you haven't got a lump sum to invest, you could try our ShareBuilder.

  • Build an investment portfolio through monthly regular payments from as little as £20 per month (minimum investment of £5 per stock) on UK shares for just £2 dealing commission per trade.
  • Trade UK shares online in real time for just £11.95 dealing commission per trade.
  • Our Market Research Centre has a mixture of news and investment tools to help you find the right investment.

Additional charges apply - please familiarise yourself with these before you apply.

View our full list of charges


More about ShareBuilder

Bank of Scotland ShareBuilder is an easy and cost-effective way for you to buy shares and gradually build up your portfolio through a regular investment plan.

It's an easy way to trade – and you don't need to be a financial whizz either. Make the investments you want on set days – up to four times each month.


Apply for a ShareBuilder

Make sure you understand the following checklist before you apply for an account

  • Understand our dealing and admin charges.
  • All stock market investments involve a degree of risk and you might not get back the full amount you invest.

Our terms and conditions will be changing from 6th April 2016. View the summary of changes and our new Terms and Conditions.

 Apply now

Risk Warning

Please remember that the value of an investment and the income from it can go down as well as up and you may get back less than you invested.

We don't provide advice so if you are in any doubt about making your own investment decisions we recommend you seek advice from a suitably qualified financial adviser.


Apply for a Bank of Scotland ShareBuilder

You’ll need to be able to confirm that you:

 Apply now


Self Invested Personal Pension (SIPP)

A SIPP, or Self Invested Personal Pension, is one of the most tax-efficient ways you can save for your retirement. You can transfer in a lump sum or save regularly and use your pension fund to invest in shares, funds, bonds and more.

Like all pensions, you pay no Capital Gains Tax, receive tax relief on your own contributions and can take 25% of your pension fund as a tax-free lump sum from the age of 55. The tax benefits you receive will depend on your individual circumstances and tax laws can change.

Our SIPP is provided by AJ Bell, one of the leading pension providers in the UK.


How much does it cost?

Our online dealing commission is £11.95 per trade (plus stamp duty) for both UK and international shares. You can also trade over the phone with prices starting at £25 per trade for UK stocks (plus stamp duty) and £11.95 per trade for all international trades.

The administration charge for a SIPP account is £22.50 per quarter if your SIPP is valued at £50,000 or less. For valuations above £50,000, this is £45 per quarter. You can also invest using a scheduled monthly investment plan from £2 dealing commission per trade.

Foreign currency conversions are required to facilitate the settlement of international transactions. When buying or selling international securities, we adjust the exchange rate by 1% and keep the difference as our fee when buying and selling international securities. The available exchange rate is based on the exchange rate provided by Digital Look.

Indicative exchange rates are provided prior to trading, and the rate applicable to the individual trade is confirmed on the contract note once the deal has been completed.

Additional charges apply to the SIPP.

View our full list of charges.


Important SIPP Documents

Investing in a SIPP can be complicated so please make sure you’ve read the important documents below and taken the necessary steps to understand all of the potential risks before opening a SIPP.


Benefits Forms

Once you reach the age of 55 you have a number of options available. You can leave your pension pot and continue to save or, if you need to take an income or need access to the money in your pension, you can choose any, or a combination, of the below options:

  • Use Income drawdown (flexi-access drawdown), and/or;
  • Take a taxable lump sum (uncrystallised pension lump sums), and/or;
  • Purchase an annuity from an insurance company.

For more information about your options, including the risks of each option, please read the Benefits Guide.


Useful Forms


What are the risks?

All stock market investments involve a degree of risk and you might not get back the full amount you invest. Find out more about the risks involved.


Apply for a SIPP

Make sure you understand the following checklist before you apply for an account.

 Apply now

Risk Warning

Please remember that the value of an investment and the income from it can go down as well as up and you may get back less than you invested.

We don't provide advice so if you are in any doubt about making your own investment decisions we recommend you seek advice from a suitably qualified financial adviser.

SIPPs are a pension product and you will not be able to withdraw your funds until you reach the age of 55.


Apply for a SIPP

Please ensure you have read, and taken the necessary steps to understand, the following documents before applying.

 Apply now


Fantasy Trader

Whether you are new to the stock market or just want to practice some new trading strategies, our Fantasy Trader game can help you perfect your trading abilities, risk-free.

It’s very simple. Open an account and we give you £10,000 virtual cash to trade with. Once you’ve registered you can also join our fantasy league where you can compare your performance against our other fantasy traders. Why not see if you can top the leaderboard…

 

 Register now 

 


Log in to Fantasy Trader


Already got a Fantasy Trader game?

 Log in 

 

Bank of Scotland Share Dealing Service is operated by Halifax Share Dealing Limited.  Halifax Share Dealing Limited.  Registered in England and Wales no. 3195646.  Registered Office: Trinity Road, Halifax, West Yorkshire, HX1 2RG.  Authorised and regulated by the Financial Conduct Authority, 25 The North Colonnade, Canary Wharf, London, E14 5HS under registration number 183332.  A Member of the London Stock Exchange and an HM Revenue & Customs Approved ISA Manager.

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