Occasional investor
Perhaps you've just inherited a few shares. Or you have a small portfolio that needs attention every now and then.
If they're all quoted on the London Stock Exchange then the occasional investor service could be right for you.
You can use the occasional investor service for:
- stocks and shares listed on the London Stock Exchange
- shares quoted on the Alternative Investment Market (AIM)
- Treasury gilts
- UK-listed corporate bonds
- shares quoted on OFEX
The occasional investor service is not available for stocks and shares not registered in the UK. This is because of the practical difficulties of certificated dealing in overseas markets.
It's simple
Whether you want to buy or sell, just pick up the phone and call 0131 240 0690. Please note that your call may be recorded. Calls to this number are charged at a standard rate. The value of your investments may fall and you may get back less than you invested.
If you're selling shares, make sure that you've got your share certificates to hand. After you've done the deal on the phone, you will be sent a Transfer Form to be signed and returned along with your share certificates to Stocktrade, to conclude the deal. The deal will normally be completed within seven to ten working days.
When you're buying, make sure you have your debit card ready. You'll need to be sure that you have enough cleared funds in your debit card account to pay in full. Stocktrade accepts Maestro, VISA Delta, Connect and Solo. It does not accept any credit or payment cards or cheques.
Registering
If you plan to use the occasional investor service you may find it convenient to register. It's absolutely free and all you have to do is fill in one simple form. You can download it or ask for a copy by phoning 0131 240 0690 between 8am and 5pm, Monday to Friday. Please note that your call may be recorded. Calls to this number are charged at a standard rate.
It's great value
Charges under the occasional investor service are just 1% of each deal's value whether you're buying or selling, subject to a minimum of £15 and a maximum of £75. You may also have to pay 0.5% stamp duty on UK share purchases (1% on Irish share purchases) and a Panel of Takeovers and Mergers levy of £1 on single deals over £10,000.
What happens to the proceeds of any sale?
Once Stocktrade completes the sale, they place the proceeds in your Nationwide FlexAccount. If you don't have a FlexAccount, Stocktrade can credit the money to any account that's in your name and is part of the BACS system. Alternatively, for a £3 processing fee, you can receive payment by cheque.