Client account interest rate
In view of the current low market interest rates, no interest is being paid on any monies on deposit in the Meteor Client Account.
If circumstances change and interest becomes payable, any interest earned before the purchase of the Securities or after the maturity of the Securities will be subject to income tax and this will be deducted from the interest prior to the purchase of the Securities or payment of the Plan proceeds.
If you have invested in an ISA, any such interest will be subject to the 20% flat rate charge applicable to interest earned on deposits held in a stocks and shares ISA.
The flat rate charge is not reclaimable from HM Revenue and Customs even if you are a non-tax payer.
The accrual of any interest is subject to a minimum interest earned limit of £10.