R660*

Account closing fee

(for portfolio transfer out; in addition, there will be a R90 fee per share transferred)

R250

Portfolio value

Annual fee

Discretionary

R0–R3 million
Above R3 million

1.2%
1.0% 

All values

1.5%

Up to R250 000

0.70%

R250 001–R750 000

0.50%

R750 001–R1 million

0.45%

Above R1 million

0.35%

Minimum charge per deal

R70

1.00%

1.25%

1.60%

0.75%

1.00%

1.25%

R100 001–R500 000

0.50%

0.75%

1.00%

0.43%

0.50%

0.90%

0.35%

0.40%

0.75%

Above R2 million

0.35%

0.35%

0.75%

R100

R150

R350

Single stock futures (SSFs)

• Trades with an exposure value below R50 000: 0.6% per leg
• Trades with an exposure value of R50 000 and above: 0.45% per leg 

Index futures

Brokerage fee of R10 per contract

Currency futures

Brokerage fee of R20 per contract

International futures

0.5% per leg

Commodity futures

Brokerage fee of R120 per contract

Platform fee (Credo Global Custody Fee)

• 0.1% per year platform fee levied on the market value of the portfolio (including equities, cash and funds)
• Fees are charged biannually in April and November, and are subject to the minimum fee of £125 for each biannual payment (a total of £250 per year) 

• 0.3% plus VAT per year, payable in advance and calculated in rands on the rand market value of the portfolio as at quarter-end
• This fee is levied quarterly on your South African account

Foreign exchange charge

Up to R100 000

0.5%

R100 001–R500 000

0.35%

R500 001–to R1 million

0.20%

Above R1 million

0.15%

Minimum charge per deal

R 500

• Fees are calculated on market price
• Higher fees may apply depending on scrip availability

Equity borrowings  

1% per year

(minimum charge of R150 per deal)

Bond borrowings

1% per year

(minimum charge of R150 per deal)

Collateral requirements

110% cash
125% approved shares

If one or more trades are executed on the account during the month, no fee is payable.

Live prices – full access  

R70 per month   

Credit interest on surplus funds  

Discretionary and pro-actively advised

Rate receivable from JSE Trustees

Online trading

JSE Trustees rate less 1%

Debit interest

Debit interest on outstanding debit balances

Prime bank rate + 3%

Cash borrowings against collateral of share portfolio

Competitive interest rates are charged at a variable rate linked to the prime bank rate

Account queries dating back to a period of more than 3 months

R5 per page

Share valuations for estate duty purposes

R250 per valuation

Comprehensive capital gains tax statement

R150 per account

Comprehensive capital gains tax statement for estate duty purposes

R250 per account

Lost scrip applications

R500 (excluding insurances)

R500

R1 000

Rematerilisation

R750 per certificate

Exchanges

R100

Third party payments

R50

Portfolio transfer to external parties

R90 per share

Bank charges related to offshore transfers

Fees charged by bankers will be passed on to clients

Securities trading tax

0.25% of consideration on equity purchases

Levy investor protection

0.0002% of consideration

Ad valorem strate fee

• Minimum of R8.25 and a maximum of R88.92 per contract note
• TFSA account R3.97 per transaction

Value added tax (VAT)

• Payable on all fees and brokerage rates
• All the fee and brokerage rates quoted in the fee schedule exclude VAT

• Fees charged by external service providers are passed onto the client
• A detailed list of these charges is available on request
• Although we take due care to ensure accurate disclosure of third party service provider fees, these may vary from time to time and Nedbank Private Wealth cannot be held responsible for any errors and omissions