What is the PTM levy?
PTM stands for Panel of Takeovers and Mergers. It’s a regulatory body set up to ensure all shareholders are treated equally during takeover bids.
The PTM levy is a £1 charge automatically applied to investors when they buy or sell shares with a total value of over £10,000. It’s not a charge levied by AJ Bell Youinvest. The charge is collected when you place a deal, so will appear on your contract note.