26th November 2009
Individuals may now buy shares online or over the phone within a tax efficient self select ISA, for a flat commission charge of just £8 and no periodic administration charges. SimplyStockbroking’s charges are the lowest available compared to the other major ‘dealing-only’ brokers, offering savings to private investors of over 40% for online deals and over 80% for trades placed over the telephone. In addition and unlike a number of other brokers, SimplyStockbroking does not levy account ‘inactivity fees’.
Stephen Pinner, Chairman of SimplyStockbroking said, ”Since we launched, our services have been growing in popularity due to our high quality of service coupled with the lowest possible charges. We have listened to our clients and they want additional services such as ISAs where they can also take advantage of trading without the threat of capital gains tax or additional income tax. We have acted upon this demand by launching the SimplyStockbroking ISA. The increase in ISA subscription allowances now available to the over 50’s and available to all from April 2010 makes a shares ISA even more advantageous. The fact that our service carries no fixed annual maintenance charge will be a welcome benefit to the many thousands of private investors.“