# Fees and taxes
Overview of our pricing and potential local taxes
_**This page covers all pricing. See our [pricing page](https://lightyear.com/en-gb/pricing) to view pricing for a specific account type.**_
Our approach to fees is simple. We believe in:
- Radical transparency: We’ll always be upfront with any associated charges. We also want to ensure that we charge the smallest amount possible fairly, so if you place an order where the fees will account for 5% or more of its total value, you’ll be presented with a pop-up in the Lightyear app for you to confirm this.
- Honest pricing: Our fees are a combination of covering the costs associated with the service plus a small amount on top that we can reinvest to improve the business.
### In all Lightyear accounts, you will pay us for the following
Things you pay us for
Cost
Currency conversion (using live interbank exchange rate)
0.10% Personal
0.35% Business
Deposit via card, Apple Pay, Google Pay (bank transfer is free)
0.60%
SWIFT transfers
[See here](/help/deposits-conversions-and-withdrawals/depositing)
Money market funds (GBP) annual fee
0.10%
Money market funds (EUR) annual fee
0.10%
Money market funds (USD) annual fee
0.15%
_Money market funds: in addition to our fee, these also have separate fund manager fees – all are reflected in the interest rate you see in the app._
**For our [Stocks & Shares ISA](https://lightyear.com/en-gb/pricing) and [General Investment Account](https://lightyear.com/en-gb/pricing/general-investment-account)**, that’s it – we **don't** charge any order execution fees for stocks or funds.
**In our [Business Account](https://lightyear.com/en-gb/pricing/business)**, we additionally charge a small fee on order execution:
Things you pay us for
Cost
US shares (per order)
0.10% (0.10 min - $1 max)
UK shares (per order)
£1
EU shares (per order)
€1
### In all Lightyear accounts, the following things are **free**
**We don't charge you for**
Exchange-traded funds (ETFs) orders
Multi-currency account
GBP, EUR, and USD deposit account numbers
Securities custody
Local bank transfers in/out
W8-BEN (US tax form)
_ETFs: No execution or custody fees. Fund manager fees still apply._
### Applicable taxes
**Financial Transaction Tax**
A financial transaction tax (FTT) is when a percentage of the asset's value is paid in taxes when traded. FTTs usually apply only to select financial instruments and often have varying tax rates depending on the asset type.
**Stamp duty**
Stamp duty is the tax governments place on legal documents, usually in the transfer of assets or property.
These taxes apply to anyone who is trading the applicable asset, irrespective of if you are a tax resident of that jurisdiction or not.
Tax jurisdiction
Type of tax
Applicable to
Amount
Spain
FTT
The Spanish Financial Transaction Tax
(SFTT) will be applied to shares of companies whose head office is located in Spain and whose market capitalisation exceeds EUR 1 billion.
0.2% on buy orders
France
FTT
The French Financial Transaction Tax
(FFTT) will be applied to shares of companies whose head office is located in France and whose market capitalisation exceeds EUR 1 billion.
0.4% on buy orders
Italy
FTT
Italian Financial Transaction Tax (IFTT) will be applied to the transfer of the legal ownership of the shares of any category issued by Italian joint stock corporations (società per azioni and società in accomandita per azioni).
Pursuant to local applicable legislation
Portugal
Stamp duty
The Stamp duty percentage is calculated from the fees paid to Lightyear by a customer. Currently, it is calculated from the conversion fee of a transaction and is paid to the Portuguese Tax Authorities (“PTA”) by Lightyear.
4%
United Kingdom
Stamp duty
Stamp Duty Reserve Tax (SDRT) will be applied when you buy shares in a company incorporated in the UK, shares in a foreign company that has a share register in the UK and rights arising from such shares.
0.5% on buy orders
Ireland
Stamp duty
Irish Stamp Duty will be applied when you buy shares in an Irish company, including on non-Irish exchanges.
1% on buy orders
### Regulatory fees (applicable only for U.S. securities)
- **American Depositary Receipts (ADRs)**: You may incur an annual custodial fee of $0.01–$0.05 per share. Additional small charges of $0.02–$0.05 per share or event during corporate actions (like dividends or mergers). These fees are set by the ADR depositary and custodian banks, not Lightyear, and vary by asset. You can check with the specific depositary bank to confirm the exact fee per ADR. Read more about ADRs [here](/help/trading-and-investments/american-depositary-receipts).
When you sell U.S. securities, small regulatory fees may apply. These fees only apply to sell trades, and are usually just a few cents.
- **FINRA TAF (Trading Activity Fee)** based on the number of shares sold.
- **Regulatory Transaction Fee** applies to sales of US-listed stocks or options.
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Canonical: https://lightyear.com/en-gb/help/deposits-conversions-and-withdrawals/fees-and-taxes