iWeb Share Dealing Fees 2026: The Complete Cost Breakdown (Now Scottish Widows)

The headline number hasn't changed: every UK share and fund trade costs £5. That's it. No tiered pricing, no minimum monthly trades, no loyalty discounts to game. For context, AJ Bell charges £5 for funds but £5–£9.95 for shares depending on volume, Hargreaves Lansdown charges £11.95 per share deal, and Interactive Investor charges £5.99 on its cheapest plan (but you pay £4.99/month for the privilege).

International trades have no dealing commission — but don't celebrate too quickly. You'll pay foreign exchange costs on every overseas trade, and the spread isn't published transparently. For most UK-focused investors buying FTSE shares and UK-domiciled funds, this won't matter.

The regular investing plan is free — £0 per trade when you set up monthly purchases. If you're drip-feeding money into an index tracker every month, this is where iWeb's value really shines. See <a href="/platforms/iweb">full iWeb platform review</a> for more details.

For more on this topic, see our guide to Fidelity Personal Investing Fees 2026.

This is iWeb's strongest selling point and where it genuinely stands apart. There is no annual platform fee on your <a href="https://www.gov.uk/individual-savings-accounts">ISA</a> or share dealing account. Zero. Not 0.25%, not £4.99 a month — nothing.

For a £50,000 stocks and shares ISA, that saves you £175 a year compared to Fidelity (0.35%) or £125 compared to AJ Bell (0.25%). Over a decade of compounding, that's meaningful money. For a £100,000 portfolio, you're saving £350 a year versus a 0.35% platform.

The catch? You won't earn interest on uninvested cash. The platform pays 0% on cash balances. If you're the type to hold a significant cash buffer in your ISA, that's a real cost — especially with the Bank of England base rate still at 4.5%. But if you're fully invested (as most long-term investors should be), this barely matters.

For investors using the full £20,000 ISA allowance each year, iWeb's zero-fee structure means every penny goes to work in the market rather than lining a platform's pockets.

The <a href="https://www.gov.uk/personal-pensions-your-rights">SIPP</a> is where iWeb's simplicity breaks down. Scottish Widows charges 0.25% annually on your SIPP, capped at £16.50 per month (£198 per year). That cap is the key number.

If your SIPP holds less than £79,200, you're paying the full 0.25%. At that level, you'd pay the same at AJ Bell or Fidelity. The advantage only kicks in above that threshold, where the £198 annual cap means your effective fee rate drops as your pot grows:

For a £200,000 pension pot, you'd pay just £198 — an effective rate of 0.10%. At Fidelity, you'd pay £450 (0.20% after the £250k tier). At AJ Bell, £500 (0.25%). The savings compound seriously over a 20-year pension horizon.

Transfers in and out are free, and all drawdown options (flexi-access, UFPLS, tax-free cash) come at no additional charge. That's genuinely competitive — some platforms charge £100+ for drawdown setup.

Every platform has costs buried in the small print. The <a href="https://www.fca.org.uk/consumers/investment-platforms">FCA recommends</a> checking all charges before investing. iWeb's are relatively modest, but they exist:

• Dividend reinvestment: 2% of the dividend, capped at £5 per transaction. On a £250 dividend, that's £5. On a £50 dividend, it's £1. This adds up if you hold many individual dividend-paying shares
• Fund ongoing charges: 0.25% to 1.5% depending on the fund, plus typical transaction costs of around 0.5%. These aren't iWeb's fees — they're charged by the fund manager — but they're still coming out of your returns
• Paper statements: £12.50 per copy. Just use the online portal
• CHAPS payments: £25 (ISA/dealing) or £30 (SIPP). Standard bank transfers are free
• Stamp duty: 0.5% on all UK share purchases. This is a government tax, not a platform fee, but it's worth factoring into your total cost of ownership

The biggest hidden cost is actually the lack of research tools and market data. iWeb gives you the basics — price, chart, basic fundamentals — but nothing close to what you'd get at Hargreaves Lansdown or Interactive Investor. If you need analyst reports, screeners, or detailed fund analysis, you'll need to source that elsewhere.

iWeb — or Scottish Widows Share Dealing, if you want to use the official name — is purpose-built for a specific type of investor: someone who knows what they want to buy, buys it, and holds it.

The ideal iWeb user holds a diversified portfolio of index funds or ETFs in an ISA, with investments protected up to £85,000 by the <a href="https://www.gov.uk/government/organisations/financial-services-compensation-scheme">FSCS</a>, tops up monthly via the free regular investing plan, and rarely sells. They don't need hand-holding, research tools, or a slick mobile app. They want the lowest possible cost between their money and the market.

If that's you, the numbers are hard to argue with. A £100,000 ISA with monthly £500 contributions costs you £0 in platform fees and £0 in dealing fees (via regular investing). Try getting that at any other major UK platform.

But if you want a SIPP alongside your ISA, do the maths on the 0.25% charge. Below £79,200, you're paying the same percentage as most competitors. And if you value a polished app, comprehensive research, or responsive customer service, iWeb's bare-bones approach might frustrate you. Our full iWeb platform review covers the user experience in more detail.

For more on choosing the right platform for your investment strategy, the key is matching fee structure to your behaviour — not chasing the lowest headline number.

This article is for informational purposes only and does not constitute financial advice. You should seek independent financial advice before making any investment decisions.

See also our investing guide and ISA guide.