PTM levy

A £1 charge automatically applied when investors buy or sell shares with a total value of over £10,000. The charge isn’t levied by AJ Bell, but by the Panel of Takeovers and Mergers (PTM), a regulatory body set up to ensure all shareholders are treated equally during takeover bids.

The charge is collected when you place a deal, so will appear on your contract note.

More on the PTM levy

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