Transfer your US stock plan shares or cash to Fidelity
Welcome to our dedicated page where you can follow instructions on how to transfer your stock plan award to us and move any cash that you've withdrawn from your award to a new account with Fidelity in the UK.
Changes to Fidelity’s service fee
ISA, SIPP and Investment Accounts
- On or around 1 September, we will start collecting the service fee on your accounts on the 1st of every month (currently the 15th).
- In September we will automatically open a Cash Management Account for you (if you do not already have one) and we will collect service fees from that account from 1 October onwards. This excludes joint Investment Accounts.
- If there is insufficient cash held in the Cash Management Account, the outstanding fee balance will be taken from the relevant accounts in the same way as it is today.
- The Cash Management Account also gives you the ability to hold cash outside of your other accounts, and to freely move cash around from one account to another (depending on individual account restrictions and allowances).
We'll be in touch with all of our customers to inform you of these changes formally, or to find out more now, you can read our Doing Business With Fidelity document.
Our service fee
We believe in giving you great value, so we charge an annual service fee, payable monthly, based on the total value of your investments, this means you pay the lowest rate possible. We do not charge a service fee on exchange-traded investments held in an Investment Account, Junior ISA and Junior SIPP accounts, or on cash you hold.
What’s more, we will give you a Cash Management Account that is separate from your other accounts. Any fees due will be collected from any cash held there, before we look to take money or sell from investments held in other accounts, for example your Investment Account.
And did we mention all the award-winning guidance, on-the-go access and support with investing you get? That’s all included.
Your US Stock Plan Account shares
If you transfer your US shares from your Fidelity Stock Plan Account and do nothing else, you'll incur no service fee on your Investment Account as it holds exchange-traded investments.
However, if you decide to transfer and diversify your investments, these are our share dealing charges and service fee rates:
- If you transfer from your US Stock Plan Account and trade any of your exchange-traded investments, in your Investment Account, we'll charge £7.50 per trade for online deals (£30 for phone deals) plus up to 0.75% FX fee.
- We charge £1.50 for deals as part of a regular savings plan, or for a reinvestment of a dividend.
- If you buy funds in your Investment Account - even if you still hold some shares, then a service fee will apply as set out in the table below.
- Once you've transferred, if you move your money into an ISA or SIPP, or have other accounts as well as your Investment Account, we'll charge a service fee on those accounts.
The table below shows how our service fee (where applicable) changes as your investments increase.
Please read the Doing Business with Fidelity document for more detail on our fees and charges.
| Value of investments | Service fee (annual amount or %) |
|---|---|
| Less than £25,000 | 0.35% if you have a regular savings plan or £90 (£7.50 a month) if you don't |
| £25,000 or more but less than £250,000 | 0.35% |
| £250,000 or more but less than £1 million | 0.20% |
| £1 million+ | 0.20% a year for the first £1 million and no service fee for investments over £1 million. This means the maximum fee you will ever pay for all of your personal accounts is £2,000 a year. |
The same service fee is charged across all of your investments. So, if you hold £300,000 - the fee would be 0.20% across the full amount. For exchange-traded instruments, this portion of the fee is capped at £90 (£7.50 a month) and there is no service fee for these investments when held in the Fidelity Investment Account. There’s also no fee for investments held in a Junior ISA or Junior SIPP.
Investment charges set by companies managing your funds
Ongoing fund charges are set by the companies who manage the funds and start from 0.05%.
Some funds may also have:
- a bid-offer spread, which is effectively a charge applied when you buy or sell
- a performance fee
- a fund manager buy or sell charge
We’ve negotiated discounted ongoing charges on hundreds of funds on our platform. We recommend checking each investment's factsheet for more information, as investment charges can differ between funds.
Share dealing and other charges
- As we've mentioned above, there is a charge made for each buy and sell transaction you place (including switches and dividend reinvestments). This will be deducted from the amount invested or raised through a sale.
- £1.50 for deals as part of a regular savings or withdrawal plan, or for a reinvestment of income or a dividend.
- Simple charge of £7.50 for each deal placed online
- Phone trades are charged £30.00 for each deal.
- Foreign exchange charge of up to 0.75% applies for dealing in international shares that are not in sterling.
- Stamp Duty, levies and taxes:
- UK Stamp Duty of 0.5% applies when you buy UK shares
- Irish Stamp Duty of 1.0% applies when you buy Irish shares
- In certain circumstances UK Panel of Takeovers and Mergers levy of £1 applies on UK share deals of over £10,000. See T&Cs for details.
- In certain circumstances Irish Takeover Panel levy of €1.25 applies on Irish share deals of over €12,500. See T&Cs for details.
Download the Doing Business with Fidelity document for more fees and charges information.
Service fee charges on SIPP cash
Cash in the Fidelity SIPP is currently held as ‘cash within your account’.
We currently don’t charge a service fee on cash within your account. However, we reserve the right to retain an amount of the interest received from the bank(s) we deposit your money with to cover the cost of administering these cash balances. Please go to www.fidelity.co.uk/cash for further details.
How and when we take our fee
Putting it into practice
Here are some scenarios, for illustrative purposes only, that show how we would calculate the service fee you would be charged. If you have less than £25,000 in total there will be a flat fee of £90 (£7.50 a month) a year, although this changes to 0.35% if you have a monthly regular savings plan (RSP). We will usually collect this fee in arrears in monthly instalments of £7.50. Remember, there are no fees charged on junior accounts or on exchange-traded investments held in an Investment Account.
Examples of what service fee you could pay
| Amount invested | Annual service fees with monthly RSP | Annual service fees without monthly RSP |
|---|---|---|
| £5,000 | £17.50 (0.35%) | £90 (£7.50 a month) |
| £24,999 | £87.49 (0.35%) | £90 (£7.50 a month) |
| £25,000 | £87.50 (0.35%) | |
| £55,000 | £192.50 (0.35%) | |
| £100,000 | £350.00 (0.35%) | |
| £249,999 | £874.99 (0.35%) | |
| £250,000 | £500.00 (0.2%) | |
These fees do not apply to customers using an adviser please see below.
Fidelity fees if you also use an adviser
The fees mentioned above are for investments held directly with Fidelity.
If you hold some investments through a financial adviser, then the charges will be different from the ones you hold directly with us.
We suggest you speak with your financial adviser to find out more about what charges and fees will be applied.
Other fees for US shares in non-US companies
You are in a blackout period
Transfer Restriction: Please note that if your employer has trading restrictions in place, you will not be able to transfer shares from your US Stock Plan Account. When those restrictions are lifted, you’ll be able to transfer your shares to a Fidelity Investment Account.
Please contact your employer to find out more.
