Defined terms

We use some terms throughout this Appendix that have specific meanings. They are as follows:

"ISA Regulations" means the Individual Savings Account Regulations 1998 (SI1998/1870) as amended from time to time

"Freetrade ISA" means a Freetrade Account which is a Stocks & Shares ISA;

"Stocks & Shares ISA" means a "stocks and shares account" as defined in the ISA Regulations;

Status of this Appendix

The terms in this Appendix only apply to those investors who wish to apply for a Freetrade ISA and hold Securities within a Freetrade ISA. Together, our Terms & Conditions and this Appendix form one legally binding agreement between you and us where you have taken out a Freetrade ISA, in respect of the Securities held within a Freetrade ISA. For Securities that you hold outside of your Freetrade ISA, our Terms & Conditions alone will continue to apply to those Securities without any change.

Unless we state otherwise, all words used in this Appendix have the same meaning as asset out in our Terms & Conditions. Where the terms in this Appendix conflict with our Terms & Conditions, the terms in this Appendix shall prevail. Where any of the terms in this Appendix or our Terms & Conditions conflict with the ISA Regulations, the ISA Regulations shall prevail.

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Applying for the Freetrade ISA

We do not accept applications in writing or by phone – you can only apply for a Freetrade ISA via our mobile application (Apple Store – Google Play Store).

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Your eligibility to apply for a Freetrade ISA

Only certain persons are eligible to apply for and hold a Stocks & Shares ISA, under the ISA Regulations. By agreeing to the terms of this Appendix you are confirming to us that you are eligible to hold a Stocks & Shares ISA under the ISA Regulations, and in particular you confirm and declare that:

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• You are applying to subscribe to a Stocks & Shares ISA for the tax year 2020/21 and each subsequent tax year until further notice;
• All subscriptions made, and to be made, to your Freetrade ISA belong to you;
• You are 18 years of age or over;
• You have not subscribed/made payments, and will not subscribe/make payments more than the overall subscription/payment limit in total to a cash ISA, a Stocks and Shares ISA, an innovative finance ISA, and a Lifetime ISA in the same tax year. You have not subscribed, and will not subscribe, to another Stocks and Shares ISA in any tax year that you subscribe to the Freetrade ISA;
• You are resident in the United Kingdom for tax purposes or, if not so resident, either perform duties which, by virtue of Section 28 of Income Tax (Earnings & Pensions) Act 2003 (Crown employees serving overseas), are treated as being performed in the United Kingdom, or are married to, or in a civil partnership with a person who performs such duties.
• You will inform Freetrade Limited if you cease to be so resident or to perform such duties or be married to, or in a civil partnership with, a person who performs such duties; and
• You agree to the terms in this Appendix;
• You authorise Freetrade Limited to hold your cash subscription/payment, ISA investments, dividends and any other rights or proceeds in respect of the those investments and any other cash and to make on your behalf any claims to relief from tax in respect of ISA investments; and
• This application is made and information provided to the best of your knowledge and belief.

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Tax Status of the Freetrade ISA

The Freetrade ISA benefits from certain tax treatment under the ISA Regulations, namely that it will be free from Capital Gains Tax and other taxes that would otherwise be payable on profits from price increases and income derived from Securities. We cannot guarantee that this tax treatment will not change if the ISA Regulations are changed. If the tax treatment does change, unless we notify you otherwise your Freetrade ISA will continue but will be affected by the change. This Appendix is based on our understanding of UK Law at the date that this Appendix is published.

The beneficial tax status of your Freetrade ISA ends on your death. If you are married or in a civil partnership however, then it may be possible for your spouse or civil partner to continue to benefit from the beneficial tax status of your Freetrade ISA.

If for any reason your Freetrade ISA fails to comply with the ISA Regulations, your Freetrade ISA will become void and cease to benefit from the tax relief available under the ISA Regulations and we will notify you of this fact.

Securities held within your Freetrade ISA

All Securities within your Freetrade ISA must remain in your beneficial ownership and must not used as security for a loan. The title to all Securities held within your Freetrade ISA will be registered in the name of our nominee – see 'Use of Custodians' and 'Your Securities' in our Terms & Conditions.

All share certificates or other documents evidencing title to the Securities held within your Freetrade ISA will be held with us as ISA manager or as we direct.

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If you elect:

• we will arrange for you to receive a copy of the annual report and accounts issued by every company or other concern in respect of Securities which are held directly in your Freetrade ISA (we can charge a reasonable fee for this); and
• we will arrange for you to be able attend any meetings to vote in relation to your holdings of Securities within the Freetrade ISA and receive any information issued to shareholders in addition to annual reports and accounts;

Where any of the Securities that may be bought or sold using the Services are not eligible to be held within the Freetrade ISA under the ISA Regulations, we will notify you of this and will not permit those Securities to be held within the Freetrade ISA.

If as a result of a 'corporate action' we receive Securities or other investments which are not eligible to be held within the Freetrade ISA under the ISA Regulations, we will transfer those Securities or  investments directly to another Freetrade Account if you have one or we may create one in your name for this purpose. You may then have the option to sell or otherwise dispose of those Securities or other investments and close the additional Freetrade Account or retain the Securities or other investments in that Freetrade Account. In these circumstances we will contact you to explain your options.

If we delegate any functions or responsibilities under our Terms & Conditions we will take steps to satisfy ourselves that those parties will be competent to undertake those functions and responsibilities.

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Transfers and withdrawals

Upon receiving a valid instruction from another ISA manager we will transfer to another ISA manager within 30 days. In order to do this we will sell all the Securities held in your Freetrade ISA at market value, deduct any fees and costs payable by you from the proceeds and then transfer the remaining cash amount to your new ISA manager.

Upon receiving a valid Instruction from you to withdraw funds from your Freetrade ISA, we will execute that Instruction within 30 days as set out at 'How we execute Instructions to withdraw funds' in our Terms & Conditions. You should note that withdrawing an amount from your Freetrade ISA will not increase your subscription limit for that tax year, and you may not be able to pay any withdrawn amount back into your Freetrade ISA in the same tax year.

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Where a transfer or withdrawal request involves Securities that have been suspended from trading we may extend the period specified for transfer/withdrawal until trading resumes.

If following a transfer to another ISA manager we receive dividends, interest or any other amount on your behalf, we will send those sums to the new ISA manager unless the amount is less than £50, in which case we will send the amount directly to your Nominated Bank Account.