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• Automatically reinvest dividend income from FTSE100 companies and other selected investments, to buy more shares in that company. Available investments >
• Only £1.50 (plus stamp duty) per purchase
• Easy to set-up and amend via your online account. Reinvestment then takes place on the day after the dividend is credited to your account.
• Stop and start when you want - instructions can be added or cancelled up to 10 p.m. on the day your account is credited with your dividend.
• No minimum investment amount so long as it's enough to buy one full share (or a fraction of a unit) plus costs. Do make sure your dividend is sufficient for your purchase to be cost-effective.
• Please note that Funds are not available through the Dividend Reinvestment Service.

For full details of the service please see the sections below: 'How does it work' and 'Particular points to bear in mind'.

Reinvesting your dividends is a low cost way of adding to your investments. Instead of paying our usual dealing fee, you can reinvest the dividend on FTSE100 shares (there is no minimum investment amount) for just £1.50 (plus stamp duty and any other statutory charges).

Many companies pay dividends on your shares half-yearly: we'll automatically collect these payments on your behalf and add them to your account cash balance. But if you are investing for the longer-term and don't want to use these payments to fund expenditure, reinvesting dividends to purchase more shares can be an effective way to grow your capital. What's more, do it through our Dividend Reinvestment Service and you'll pay only a nominal sum to buy these extra shares.You can use the Dividend Reinvestment Service to add to your holding in any of the FTSE 100 companies and other eligible investments, using the dividends paid to your account.

What's more, because you'll be buying shares at different times, you'll effectively average out your acquisition cost, helping to smooth out the ups and downs of the share price.

Investment purchases made using the Dividend Reinvestment Service will cost you just £1.50 per purchase. When it comes time to sell your investments, you'll pay our usual dealing fee, as shown on our Price List. You'll also pay stamp duty on your purchase at the rate applicable at the time and as shown on the price list.

We do not recommend using the Dividend Reinvestment Service to reinvest small dividends as the fee of £1.50 (plus stamp duty) may make it uneconomical. Once you have set up an instruction it will continue until you cancel it, the investment is withdrawn from the eligible investment list or it is no longer listed. We recommend, therefore, that you pay particular attention to those investments on which you have set up a Dividend Reinvestment instruction and monitor the dividends due to you.

We aim to credit dividends to your account within 2 days of their receipt – for most FTSE100 companies we will receive the dividend due to all our customers on the declared date, but this may not always be the case. You’ll see dividends credited to your separate portfolios via your online statement. We’ll also send you a secure message as confirmation, but this may not be until a few days after the event so do please monitor your account specifically around the time dividends are due particularly if you might need to cancel an existing reinvestment instruction. Of course, even though you have set-up a reinvestment instruction, we will only carry it out if a dividend is actually paid to you and if it is sufficient, after our fee and stamp duty, to buy a minimum of one whole share: any fractional dividend left after reinvestment into the maximum possible number of whole shares will remain in your account and will not be aggregated with future income for reinvestment at a later date.

New or cancelled instructions must be in place by 10 p.m. on the day a dividend is credited to your account: at that point we will earmark the dividend for reinvestment and carry out the purchase the next trading day.