We rebate 100% of our initial commission on AIM IHT ISAs by reducing the initial charges, and 75% of our trail commission, depending on the product either by taking less trail commission to reduce the annual charges, or as part of our annual rebate process by cheque (see Clubfinance’s terms of business for more information).
Please remember to send your completed application form(s) together with a signed Client Declaration to Clubfinance Ltd - click here for details.
All charges may be subject to VAT.
* Expected closing dates are for the 2016/17 tax year. Note that complete applications must reach Clubfinance at least 3 working days prior to the closing date. Please contact us if you have difficulty meeting this deadline. Products can close early.
** Please generate a commission statement and see the product documentation for further information. The discounts shown include any discounts available generally (e.g. early bird discounts) and are relative to an execution-only broker taking full commission. However, we do ensure that the initial charge after discount through Clubfinance is the same or cheaper than the charge for direct business. See the product documents for further information. Annual rebates will only be paid if trail commission is received on the particular product in any particular year. For the Downing AIM NISA, our annual discount is provided by taking less trail commission to reduce the annual charges rather than providing a cash rebate. If in the future it becomes possible on other products to take less trail commission to automatically reduce the charges, we will use this method instead.
a - See the product documents for further information. Annual rebates will only be paid if trail commission is received on the particular product.
1 - For the Downing AIM ISA, if the minimum investment cannot be reached within the ISA limits (using the current year allowance and/or ISA transfers) the difference must be invested into their non-ISA Downing AIM Estate Planning Service.
2 - Downing AIM ISA - trail commission of 0.5% is payable on this product. However Clubfinance will opt to only receive 25% of this meaning that Downing's annual charge for non-advised applications will be reduced by 0.375%. Therefore there will be no cash rebate.
3 - Octopus AIM IHT ISA - the initial charge comprises the Octopus 1% initial charge and the Octopus 1% dealing charge.
4 - Puma AIM IHT Service - Reduced initial fees apply to applications above £500k. Please refer to page 22 of the Puma AIM IHT Service Investment Details for further details.
5 - Puma AIM IHT Service - Trail commission of 0.5% is payable on this product. However Clubfinance will opt to only receive 25% of this meaning that the additional Annual Management Fee for non-advised applications will be reduced by 0.375%. Therefore there will be no cash rebate.
6 - Stellar AIM IHT ISA - Trail commission of 0.5% is payable on this product. However Clubfinance will opt to only receive 25% of this meaning that the additonal Annual Management Fee for non-advised applications will be reduced by 0.375%. Therefore there will be no cash rebate.
7 - Unicorn AIM Inheritance Tax Portfolio Service - Trail commission of 0.5% is payable on this product. However Clubfinance will opt to only receive 25% of the trail commission (0.125%) meaning the balance will be waived. Therefore there will be no cash rebate.
AIM is the London Stock Exchange's ('LSE's') international market for smaller growing companies, making these investments high risk. The entry and ongoing requirements to be listed on AIM are lower than those for the LSE's Main Market, and AIM shares tend to have far less analyst coverage. AIM share prices are usually more volatile than the Main Market, and have a bigger difference between the buying and selling price ('bid/offer spread'). Price movements can be driven by a wide range of factors, which may include gossip and hearsay.
AIM IHT ISAs have the objective (but not a guarantee) that their investments will qualify, after a two-year holding period, for exemption from Inheritance Tax ('IHT'). Unquoted shares (i.e. shares in a company that are not quoted on recognised stock exchange) potentially qualify as Business Property and therefore potentially benefit from Business Relief (also commonly referred to as Business Property Relief or 'BPR') for IHT purposes. Unquoted shares for Business Property Relief purposes includes shares traded on the Alternative Investment Market ('AIM'), although if they are also listed on another recognised stock exchange (e.g. overseas) they will be deemed to be quoted. Click here for more information on BPR.
AIM IHT ISAs are an alternative to IHT Portfolio Services offered by wealth managers and stockbrokers. AIM IHT ISAs are not tailored to the individual investor and tend to require a lower minimum investment.
We will endeavour to obtain and e-mail you the product documentation and our applicable IHT commission rebates will apply.
Clubfinance Ltd is authorised and regulated by the Financial Conduct Authority (firm reference no. 400139). Clubfinance offers an execution-only discount broker service; Clubfinance does not give advice or recommendations. If you have any doubt about the suitability of a particular product or service, or you require advice, you should seek a personal recommendation from an appropriate firm that does give advice. Clubfinance does not produce the products it arranges, or manage the underlying investments. Payments must not be made to Clubfinance, but to the relevant product provider. Contact details for Clubfinance can be found under 'contact'. Users of this website should be aware of the following:
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Clubfinance Ltd is authorised and regulated by the Financial Conduct Authority (400139)