Important Information

This important legal information relates to this website (the "Site") and contains the terms and conditions on which we make it available to you. The information also includes important information about the regulatory status of some of our companies and important risk warnings. Please read this important information carefully.

Risk warnings

Not all products, services or investments described on this Site are available in all jurisdictions and some are available on a limited basis only, due to local regulatory and legal requirements. Any investment information which may be provided on this Site is also provided for illustration only. No investment information on this Site should be construed as a solicitation or offer, or recommendation, to acquire or dispose of any investment or to engage in any other transaction.

Illustrations of the likely risk and reward properties of possible portfolios and investments on this Site are not specific advice about any investment and you should not rely on them. Any illustrations are accurate at the time of writing, and may be subject to change.

The recommendations made for your actual portfolio might differ from any asset allocation or strategies outlined on this Site. Please ensure that your portfolio is updated or redefined when your investment objectives or personal circumstances change.

The value of the investments which may be stated in this Site, and the income from them, may fall as well as rise. Past performance of investments is no guide to future performance. You may not get back the amount of capital you invest. Any income projections and yields are estimated and are included for indication only. Further, any valuations given in this Site may not accurately reflect the values at which investments may actually be bought or sold and no allowance has been made for taxation.

Data which may be found on this Site is based on quantitative research and analysis of historic data using current and proposed asset weightings and proprietary projections of expected returns and estimates of future volatility. Data does not reflect actual trading, liquidity constraints, fees and other costs. It should not be taken as a forecast or estimate of likely future returns. As illustrations do not take into account fees and commissions, or taxation, the actual performance of any investment might be more or less than is stated in any illustration.

Risk warnings are provided for your information and protection. We strongly encourage you to read them and to contact us if you have any questions about the features or risks of any investment or service.

Risk warnings about borrowing

If a loan is denominated in a currency other than Sterling, changes in the exchange rate may increase the Sterling equivalent of the debt. For loans secured on property, the Barclays Group will require a first charge over the property. Your property may be repossessed if you do not keep up repayments on your mortgage.

As a responsible lender, we only want you to borrow what you can afford, and in a way that is best for you. When considering your application, your financial circumstances will be assessed before we make a decision to lend money. And remember, if you should run into any difficulties please contact us as soon as you become aware of them.

Risk warnings about dealing with offices outside the UK

Rules and regulations for the protection of investors and/or deposits under the UK Financial Services and Markets Act 2000 may not apply to any business conducted from offices located outside of the UK and investors and/or depositors conducting business through our non-UK offices may not be able to benefit from the provisions of the UK Financial Services Compensation Scheme.

Site terms and conditions

References to "you" or "your" are references to any person accessing the Site.
References to "we", "us" or "our" are references to Barclays Bank PLC.
References to "Barclays Group" are references to us, our parent company and any companies we or our parent company totally or partly own at any time.

These terms and conditions govern your use of the Site and by accessing the Site you agree to be bound by them. Please note that if you are an existing customer of the Barclays Group, or if you become a new customer of the Barclays Group, the products and services are subject to separate terms and conditions. For new customers those terms and conditions will be provided before you enter into a contractual relationship. For existing customers, an additional copy of those terms and conditions can be obtained from your usual relationship manager or service provider.

Our liability to you

Save as otherwise provided in these terms and conditions, we shall be liable to you for loss you may suffer in respect of the Site and any information on it or in connection with the access of, use of, performance of, browsing in or linking to other sites from this Site or your use or inability to use the Site, only to the extent it results from our breach of our duties or liabilities under the Financial Services and Markets Act 2000, wilful default of these terms and conditions, or fraud. To the fullest extent permitted by law, we will accept no liability (whether in contract, tort or otherwise) in any other circumstances for loss of any kind, including (without limitation) direct, indirect, incidental, special or consequential damages, loss of any profit, goodwill or reputation, expenses or losses arising out of, or in connection with any error, omission, defect, computer virus or system failure, of whatever nature howsoever arising, even if expressly advised of the possibility of such loss or damages.

We shall be liable to you for any loss you may suffer as a result of acts or omissions relating to any Site services which we have delegated to any of our agents in the same way as for our own acts. This means we will be liable to you for your loss only to the extent that such loss results from our or our agents’ negligence, wilful default of these terms and conditions or fraud. None of our agents shall be directly liable to you in any way.

This Site does not contain information which is intended to be investment, legal, tax or other advice. You should obtain relevant and specific professional advice tailored for your personal circumstances before making any investment decision.

Availability of the Site

We may modify, suspend or discontinue, temporarily or permanently, the Site or any part of it, with or without notice, at any time. You agree that we shall not be liable to you or to any third party for any losses of whatsoever nature howsoever arising for any such modification, suspension or discontinuance of the Site.

Internet communications are not secure

Please remember that internet communications are not secure unless the data being sent is encrypted. We cannot accept any responsibility for the unauthorised access by a third party and/or the corruption of data being sent by individuals to the Barclays Group. Some countries prohibit transmission of encrypted data over telephone lines. You should not encrypt data transmitted if you know doing so would contravene applicable local, national or international laws. For guidance relating to your use of internet communications, please contact a legal adviser.

Security

It has always been our policy that if any of our clients are victims of unauthorised access to their accounts we will cover any resulting financial loss which the client suffers provided that the client has not breached our security procedures.

You must ensure that viruses, trojans, worms or equivalent or similar items do not enter your computer system. We assume no responsibility for loss of whatever nature, howsoever arising, resulting from such viruses, trojans, worms or equivalent or similar items.

For further information and advice on security, please read our Security section.

Data protection

By submitting any personal information to us on this Site, you specifically confirm that you have read, understood and agreed to our obtaining, processing and disclosing personal and financial information relating to you solely for the purposes detailed in and otherwise in accordance with our Privacy Policy and in these terms and conditions.

We may record and monitor calls made or received by us to maintain high quality service standards, to check instructions and for your protection and ours.

We will use information about you to inform you about products and services which may be of interest to you. You may ask us not to do this. Please read our Privacy Policy for more information.

Hyperlinks

Where we provide hypertext links to third party internet websites, such links are not an endorsement by us of any products or services in such websites. You use such links entirely at your own risk and we accept no responsibility or liability of any nature whatsoever for the content, use or availability of such websites. We have not verified the truth or accuracy of any content of such websites.

No party is permitted to link any other website to this Site or frame or scrape the content of this Site without obtaining our prior written consent.

Countries from which you may access this Site

This Site is not directed to, nor intended for distribution or use by, any person or entity in any jurisdiction or country where the publication or availability of this Site or such distribution or use would be contrary to local law or regulation. You should not access the Site or information on this Site if you know that your access would contravene applicable local, national or international laws. For guidance on rules governing your use, please contact a legal adviser. In particular, but without limitation, save as in respect of recruitment of staff, this Site is not directed to, or intended for use by, residents of the United States, Japan, China, Malaysia, Taiwan or India.

Terms may be changed

We may change these terms and conditions at any time without notice by updating this page and if you continue to access or use this Site we will consider that you have accepted any changes.

Information on the Site may not be accurate

Although we have taken all reasonable care to ensure that the information provided on this Site is accurate, we give no warranties of any kind, express or implied, with regard to the accuracy, timeliness or completeness of any such information.

This Site may also contain some material provided by third parties and we accept no responsibility or liability for the accuracy of such material, whether in contract, tort or otherwise.

Opinions and any other content of the Site are provided by us for your personal use and informational purposes only. They are subject to change without notice.

Compensation

In the UK only, Barclays Bank PLC is covered by the Financial Services Compensation Scheme (see http://www.fscs.org.uk/ for further details).

Barclays Bank PLC may also accept deposits under the following trading names; Barclays, Barclays Bank, Barclaycard, Barclays Business, Barclays Capital, Barclays Commercial, Barclays Corporate, Barclays Financial Planning, Barclays International Private Banking, Barclays Local Business, Barclays Premier, Barclays Private Bank and Barclays Wealth. Deposits accepted from an eligible depositor under these trading names are combined for the purposes of deposit compensation from the FSCS. The FSCS is not applicable to deposits held at branches in the Channel Islands or the Isle of Man.

Banking: Barclays Bank PLC is a member of the Financial Services Compensation Scheme established under the Financial Services and Markets Act 2000. In respect of deposits with a UK office, payments under the scheme are limited to 100% of the first £50,000 of a depositor's total deposits with the bank. Most depositors, including individuals and small firms, are covered. The Scheme covers deposits made with the offices of the bank within the European Economic Area and deposits denominated in all currencies are treated alike.

Further details of the Scheme are available on request from the Financial Services Compensation Scheme, 7th Floor, Lloyds Chambers, Portsoken Street, London, E1 8BN. Helpline 020 7892 7300. Website: www.fscs.org.uk/

The scheme is not applicable to branches in the Isle of Man or the Channel Islands.

Investment: In the unlikely event that we are unable to meet our liabilities in respect of investment business, if you make a valid claim you may be entitled to redress from the Financial Services Compensation Scheme in respect of the investments that we arrange. This depends on the type of business and circumstances of the claim. Most type of investments business are covered for 100% of the first £30,000 and 90% of the next £20,000, so the maximum compensation is £48,000. Further information about compensation arrangements is available from the Financial Services Compensation Scheme.

Banking: Barclays Private Clients International (Gibraltar) Limited is a participant in the Gibraltar Deposit Guarantee Scheme ("The Scheme") established under the Deposit Guarantee Scheme Act 1997, in Gibraltar. Further information may be obtained on request or by visiting the following website: www.gdgb.gi.

Banking: Barclays Private Clients International Limited places funds with other parts of its group and thus its financial standing is linked to that of the group. Depositors may wish to form their own view on the financial standing of Barclays Private Clients International Limited and the group based on publicly available information.

As a licensed Bank in Guernsey, Barclays Private Clients International Limited, Guernsey branch and Barclays Bank PLC, Guernsey branch are participants in the Guernsey Banking Deposit Compensation Scheme (the "Scheme") established by The Banking Deposit Compensation Scheme (Bailiwick of Guernsey) Ordinance, 2008 (the "Ordinance"). The following is a brief summary of the Scheme, but is not intended as a substitute for the actual wording of the Ordinance, a copy of which is available on request.

  • The Scheme only applies to 'qualifying deposits', which broadly means deposits made by natural persons for their own benefit; with a few limited exceptions such as, for example, deposits made by trustees of retirement annuity trust schemes, the Scheme does not apply to companies, trusts, partnerships or charities.
  • The Scheme will provide compensation in the event that a Licensed Bank is unable to repay its depositors. Payment will be made within 3 months of the Bank's failure.
  • Compensation is limited to a maximum of £50,000 per individual claimant; in the case of a joint account each depositor would be entitled.
  • Total Scheme compensation in any five year period is limited to £100 million. If this limit was exceeded, compensation would be reduced pro rata.
  • The amount payable may be reduced if the Bank has any contractual right of set-off against the account. The Scheme is entitled to recover compensation from any funds subsequently paid out by the Bank.
  • Further information and a leaflet about the Scheme is available at:

Website: www.dcs.gg
Telephone: +44 (0) 1481 722756
Post: P.O. Box 380, St Peter Port, GY1 3FY

Investment: Guernsey has a Compensation of Investors Scheme which provides protection to eligible investors when a compensation event occurs in class A schemes. There is no compensation scheme covering investors in class B schemes, class Q schemes or closed ended funds. A compensation event occurs whenever the Commission is satisfied that a scheme participant is in default, has an eligible liability to the investor and is unable, or likely to be unable, to meet that liability in whole or in part.

An investor's application for compensation must be submitted to the Commission less than 6 months after the investor became aware, or ought reasonably to have become aware, of the default. The Commission may reduce the amount payable by way of compensation in certain circumstances.

The sum payable to an investor as compensation is limited as follows:

  1. where the total amount of the defaulting participant's liabilities to the investor does not exceed £50,000, the maximum payable is 90% of those liabilities;
  2. where that total amount exceeds £50,000 but does not exceed £100,000, the maximum payable is £45,000 plus 30% of so much of that total amount as exceeds £50,000;
  3. where that total amount exceeds £100,000, the maximum payable is £60,000;

The maximum amount which the Commission may determine should be paid by way of compensation, together with interest payable in any compensation year is the amount determined by the Commission as an amount which may be expected not to cause the total net compensation costs for that year to exceed £5,000,000.

Banking: Barclays Private Clients International Limited has its principal place of business at Barclays House, Victoria Street, Douglas, Isle of Man.

The paid-up capital and reserves of Barclays Private Clients International Limited exceed £650 million. Latest audited accounts available on request.

Please note: On death of a sole account holder, in addition to obtaining Letters of Representation in the country of domicile, it may also be necessary to obtain a Grant of Probate or Letters of Administration in the Isle of Man.

DEPOSITS MADE WITH THE ISLE OF MAN OFFICE OF BARCLAYS PRIVATE CLIENTS INTERNATIONAL LIMITED ARE COVERED BY THE DEPOSITORS COMPENSATION SCHEME CONTAINED IN THE COMPENSATION OF DEPOSITORS REGULATIONS 2008.

Each depositor's sterling deposits, or the equivalent of foreign currency deposits, are protected as to 100% of the eligible protected deposit subject to a maximum of £50,000 subject to those conditions set out in the Compensation of Depositors Regulations 2008. Separate deposits in the same ownership will be aggregated for compensation purposes. The Depositors Compensation Scheme is managed on behalf of the Isle of Man Government by the Financial Supervision Commission.

Banking: Barclays Private Clients International Limited has its principal business address in Jersey at 13 Library Place, St. Helier, Jersey.

Retail deposits held by private individuals and Charities with Jersey banks regulated by the Jersey Financial Services Commission are protected under the Depositors Compensation Scheme (DCS). The DCS will pay compensation to depositors up to a maximum of £50,000 per depositor per Jersey banking group. The first £5,000 of a claim within 7 working days and the balance within 3 months of receiving a valid claim. Depositors with deposits above the £50,000 limit may also be eligible to receive a proportion of any higher balance from the liquidation of the failed bank.

Please note: On death of a sole account holder, in addition to obtaining either Letters of Representation in the country of domicile, it may also be necessary to obtain similar in Jersey.

Separate deposits in the same ownership will be aggregated for compensation purposes.

Companies, trusts, partnerships and charities are not covered by the Depositor Compensation Scheme.

Accounts

Our latest audited accounts are available on request.

Complaints

You may have a right to complain to the Financial Services Authority (FSA) or the Financial Ombudsman Service. You may complain in person, in writing, by post or e-mail. To obtain a copy of our complaints handling procedures or to make a complaint about this site, please see below. If you have an account with us, please make your complaint to your usual contact address.

You can contact the Financial Services Ombudsman by post at South Quay Plaza, 183 Marsh Wall, London, E14 9SR or by telephone: 0845 080 1800. Alternatively you can visit the website.

Law and where any dispute would take place

The laws of England and Wales govern the use of this Site and these terms and conditions and you agree that, the Courts of the United Kingdom shall have jurisdiction to determine any matter or dispute in connection with or arising out of this Site and these terms and conditions.

Intellectual property

The entire content of the Site is subject to copyright with all rights reserved and it may only be stored, held or used for your personal use only. You may not download (all or in part) for non-personal use or otherwise reproduce, transmit or modify the Site without our prior permission. However, you may print out part or all of the Site for your own personal use. These permissions are revocable by us at any time. Barclays and Barclays Wealth are registered trade marks owned by Barclays Bank PLC. You are granted a non-exclusive licence of those rights in order to view this Site on a non-commercial basis only, revocable at any time.

Contacting us about this Site

If you have any questions or comments about this Site please Contact us.

Severability

If any provision in these terms and conditions shall be held to be illegal, invalid or unenforceable, in whole or in part, then such provision or part of it shall, to the extent that it is illegal, invalid or unenforceable, be deemed not to form part of these terms and conditions and the legality, validity and enforceability of the remainder of these terms and conditions shall not be affected.

Important company and regulatory information about Barclays Wealth companies

The information contained within this Site is provided by Barclays Bank PLC, a limited company registered in England and authorised and regulated by the Financial Services Authority. Registered No: 1026167. Registered VAT No 243 8522 62 Registered Office: 1 Churchill Place, London E14 5HP.

  • Barclays Bank PLC 31, avenue de la Costa, MC98000 Monaco is a branch of Barclays Bank PLC and is registered with the Monaco Chamber of Commerce and Industry under no 68S01191. Registered VAT No FR 40 00002674 9.
  • Barclays Bank PLC is authorised by the Central Bank of Cyprus to conduct banking and investment business.
  • Barclays Bank PLC is authorised by the Gibraltar Financial Services Commission to conduct banking and investment business in Gibraltar.
  • Barclays Bank PLC, First floor Building 4, Emaar Business Park, Sheikh Zayed Road, PO Box 1891, Dubai, UAE.  Barclays Capital, Dubai International Financial Centre (DIFC), Level 9, West Wing, The Gate Building, Dubai. In the DIFC, Barclays is regulated by the Dubai Financial Services Authority. Registered No. 0060. Wealth Management services are provided by Barclays Bank PLC and also by Barclays Bank (Suisse) SA.
  • Barclays Bank PLC is a licensed bank in Singapore and is regulated by the Monetary Authority of Singapore.
  • Barclays Bank PLC is registered with the Securities and Futures Commission in Hong Kong (CE No. AAJ160) and is authorised and regulated by the Hong Kong Monetary Authority. Main business address in Hong Kong: 42/F Citibank Tower, 3 Garden Road, Central, Hong Kong.
  • Barclays Bank PLC is licensed by the Isle of Man Financial Supervision Commission to take deposits and carry on investment business. Barclays Bank PLC has its principal address in the Isle of Man at Barclays House, Victoria Street, Douglas, Isle of Man, IM99 1RH.
  • Barclays Bank PLC is regulated by the Jersey Financial Services Commission. Barclays Bank PLC has its principal business address in Jersey at 13 Library Place, St. Helier, Jersey. JE4 8NE, Channel Islands
  • Barclays Bank PLC is licensed under the Banking Supervision (Bailiwick of Guernsey) Law 1994, as amended, and the Protection of Investors (Bailiwick of Guernsey) Law 1987, as amended. Barclays Bank PLC has its principal address in Guernsey at Le Marchant House, St. Peter Port, Guernsey, GY1 3BE.

The information provided by Barclays Bank PLC on this Site relates to various products, some of which are provided by the following members of the Barclays Group:

  • Barclays Stockbrokers, which is the Group name for the businesses of: Barclays Stockbrokers Limited, a member of the London Stock Exchange and PLUS. Registered No. 1986161. Registered VAT No 243 8522 62; Barclays Sharedealing, Registered No. 2092410 Registered VAT No 243 8522 62; Barclays Bank Trust Company Limited, Registered No. 920880. Registered VAT No 243 8522 62. All companies are registered in England and the registered address is: 1 Churchill Place, London E14 5HP. All companies are authorised and regulated by the Financial Services Authority.
  • Gerrard Investment Management Limited is authorised and regulated by the Financial Services Authority and is a member of the London Stock Exchange. Registered address: 1 Churchill Place, London E14 5HP. Registered in England No: 2752982. Registered VAT No 243 8522 62.
  • Barclays Life Assurance Company Limited is authorised and regulated by the Financial Services Authority and is a member of the Association of British Insurers. Registered in England and Wales. (Registered number: 151731. Registered VAT No 243 8522 62. Registered Office: 1 Churchill Place, London E14 5HP.)
  • Gerrard Financial Planning Limited is authorised and regulated by the Financial Services Authority and is a member of the London Stock Exchange. Registered in England. (Registered No: 00973635. Registered VAT No 243 8522 62. Registered address: 1 Churchill Place, London E14 5HP.
  • Barclays Private Bank & Trust (Isle of Man) Limited is licensed by the Isle of Man Financial Supervision Commission to take deposits, provide collective investment schemes and provide corporate and trust services. Barclays Private Bank & Trust (Isle of Man) Limited places funds with other parts of its group and thus its financial standing is linked to that of the group. Depositors may wish to form their own view on the financial standing of Barclays Private Bank & Trust (Isle of Man) Limited and the group based on publicly available information. Registered in the Isle of Man. (Registered number: 1478. Registered VAT No 243 8522 62. Registered Office 4th Floor, Queen Victoria House, Victoria Street, Douglas, IM99 1DF, Isle of Man).
    Statutory Accounts 2008 [PDF, 10.66 MB]
    Statutory Accounts 2009 [PDF, 11.2 MB]
  • Barclays Private Bank & Trust Limited. Registered number: 6056. Registered Office 39/41 Broad Street, St. Helier, Jersey JE4 8PU, Channel Islands. Barclays Private Bank & Trust Limited is regulated by the Jersey Financial Services Commission. Barclays Private Bank & Trust Limited is regulated by the Guernsey Financial Services Commission under Section 4 of the Protection of Investors (Bailiwick of Guernsey) Law 1987 to carry on restricted activities in connection with controlled Investment Business carried out from and within Guernsey.
  • Barclays Private Bank & Trust (Cayman) Limited is regulated by Cayman Islands Monetary Authority and holds a category B banking license duly authorised to provide restricted Banking business, and Trust company business under the Banks and Trust Companies Law (2007) Revision. BPB &T (Cayman) Limited is a regulated Corporate Service Provider and under the Mutual Funds Law (2007) Revision holds a Mutual Funds Administrators License.Barclays Private Bank & Trust (Cayman) Limited Registered in the Cayman Islands. Registered Number: 29978. Registered Office: First Caribbean House, 25 Main Street, Shedden Road, George Town, Grand Cayman, Cayman Islands.
  • Barclays Private Clients International Limited is licensed by the Isle of Man Financial Supervision Commission to take deposits and carry on investment business [and is registered with the Isle of Man Insurance and Pensions Authority in respect of general business].Barclays Private Clients International Limited places funds with other parts of its group and thus its financial standing is linked to that of the group. Depositors may wish to form their own view on the financial standing of Barclays Private Clients International Limited and the group based on publicly available information. Registered in the Isle of Man. (Registered Number. 5619. Registered VAT No 243 8522 62. Registered Office Barclays House, Victoria Street, Douglas, Isle of Man, IM99 1AJ). Barclays Private Clients International Limited is regulated by the Jersey Financial Services Commission to carry on deposit-taking business under the Banking Business (Jersey) Law 1991 and for the conduct of Investment Business under the Financial Services (Jersey) Law 1998.  Barclays Private Clients International Limited is licensed under the Banking Supervision (Bailiwick of Guernsey) Law 1994, as amended by the Protection of Investors (Bailiwick of Guernsey) Law 1987, as amended. Barclays Private Clients International Limited is regulated by the Guernsey Financial Services Commission to take deposits under the Banking Supervision (Bailiwick of Guernsey) Law 1994, as amended and is also licensed under the Protection of Investors (Bailiwick of Guernsey) Law 1987, as amended. Barclays Private Clients International Limited places funds with Barclays Bank PLC and thus its financial standing is linked to Barclays Bank PLC. Depositors may wish to form their own view on the financial standing of Barclays Bank PLC based on publicly available information, including reports and accounts, obtainable below.
    Statutory Accounts 2008 [PDF, 7.21 MB]
    Statutory Accounts 2009 [PDF, 8.92 MB]
  • Barclays Private Clients International (Gibraltar) Limited is regulated and authorised by the Gibraltar Financial Services Commission to conduct banking and investment business. Registered in Gibraltar.  Registered number: 39577.  Registered office: 84/90 Main Street, Gibraltar.
  • Barclays Wealth Management Jersey Limited is regulated by the Jersey Financial Services Commission for the conduct of Funds Services Business under the Financial Services (Jersey) Law 1998. (Registered in Jersey. Registered number: 47326. Registered Office: 39 - 41 Broad Street, St Helier, JE2 3RR, Jersey)
  • Barclays International Fund Managers Limited is regulated by the Jersey Financial Services Commission for the conduct of investment business under the Financial Services (Jersey) Law 1998.  Registered in Jersey.  (Registered number: 50669 Registered Office: 39-41 Broad Street, St Helier, Jersey, JE2 3RR, Channel Islands.)
  • Barclays Bank (Suisse) SA is a Swiss Company regulated by the Swiss Federal Banking Commission, a company of the Barclays Group. Registered in Switzerland. (Registered Number: 1381/1986. Registered VAT No 288 787. Registered Office: 8/10 Rue d'Italie, CH1211, Geneva, Switzerland.)
  • Barclays Wealth Trustees (Jersey) Limited is regulated by the Jersey Financial Services Commission. Barclays Wealth Trustees (Jersey) Limited Registered No. 12781. Registered Office: 39-41 Broad Street, St Helier, Jersey JE4 5PS, Channel Islands.
  • Barclays Wealth Trustees (Isle of Man) Limited is licensed by the Isle of Man Financial Supervision Commission to provide corporate and trust services. Registered Office: P.O. Box 312, 4th Floor, Queen Victoria House, Victoria Street, Douglas, Isle of Man, IM99 2BJ, British Isles. Registered in the Isle of Man. Company Number 055260C. VAT Registration No 243 8522 62.
  • Barclays Wealth Trustees (Guernsey) Limited is licensed by the Guernsey Financial Services Commission under The Regulation of Fiduciaries, Administration Businesses and Company Directors, etc. (Bailiwick of Guernsey) Law 2000. Registered in Guernsey, Channel Islands. Registered Number 24531. Registered Office: Regency Court, Glategny Esplanade, St Peter port, Guernsey GY1 3ST.
  • Barclays Wealth Advisory Investment Consultants Limited is part of Barclays Wealth and is regulated by the Jersey Financial Services Commission. Registered in Jersey. (Registered Number: 69588. Registered Office and Business Address: P.O. Box 248, 39/41 Broad Street, St.Helier, Jersey, JE4 5PS.)
  • Barclays Wealth Fund Managers (Guernsey) Limited is licensed by the Guernsey Financial Services Commission under The Protection of Investors (Bailiwick of Guernsey) Law, 1987.  Registered in Guernsey. (Registered Number: 33717. Registered Office: PO Box 671, Level 1 Regency Court, Glategny Esplanade, St Peter Port, Guernsey GY1 3ST.)
  • Barclays Wealth Fund Managers (Jersey) Limited, Registered number: 93208. Registered Office:39-41 Broad street, St Helier, Jersey JE4 5PS, Channel Islands. Barclays Wealth Fund Managers (Jersey) Limited is regulated by the Jersey Financial Services Commission.
  • Barclays Wealth Fund Managers (Isle of Man) Limited is licensed by the Isle of Man Financial Supervision Commission to provide collective investment scheme services and provide corporate services. Registered Office: P.O. Box 312, Registered Office: P.O. Box 312, 4th Floor, Queen Victoria House, Victoria Street, Douglas, Isle of Man, IM99 2BJ, British Isles. Registered in the Isle of Man. Company Number118158C. VAT Registration No 243 8522 62.
  • Barclays Bank Trust Company Limited. Authorised and regulated by the Financial Services Authority. Registered in England. Registered No. 920880. Registered Office: 1 Churchill Place, London E14 5HP.

Tax Law: The European Savings Directive

The European Savings Directive ("ESD") was implemented on 1 July 2005. If you live in a country affected by ESD certain information about you and the interest you receive may be reported to your tax authority. Any rates quoted on this site, are stated before the application of withholding tax (if applicable).

It is your responsibility to be aware of any tax requirements in your country of permanent or tax residence and in the country in which you intend to bank. If you have any further questions please ask for our European Savings Directive 'Frequently Asked Questions' fact sheet. We always recommend that you seek independent professional tax or legal advice.

Barclays Private Clients International clients only

If you reside in a country affected by the European Savings Directive (ESD) then we will be required to deduct tax from the interest earned on your savings. If you would prefer us to pass information about you and your savings income to the tax authority in your country of permanent residence (known as "Information Exchange") and therefore to pay your interest gross, you must indicate this to us at the time of opening your account.

We can treat you as excluded from ESD if either:

(a) You are permanently resident in the UK or Republic of Ireland and you can provide evidence demonstrating:

  • You are domiciled outside of the UK or Republic of Ireland; and
  • You are not liable for tax in your country of residence on your savings income earned outside the UK or Republic of Ireland; and
  • You do not intend to remit that income to that country,

or

(b) You are permanently resident anywhere in the EU and can provide evidence demonstrating that you are tax exempt in your country of permanent residence.

In either case, we require evidence to be supplied from professional bodies (such as your tax authority, accountant and/or lawyer).

If you require further information about ESD and how it might affect you, you should contact your independent tax adviser.

Children’s accounts opened in London

Most children don’t need to pay tax on savings interest, so we can pay interest without deducting tax as long as you provide the required certification by completing an HM Revenue & Customs Form R85 (if you live in the UK) or R105 (if you live outside the UK). You can download these at www.hmrc.gov.uk.

If as a parent, the money you put in the account for your child produces more than £100 of gross interest per tax year, the income will normally be taxed as yours if you reside in the UK. For more details, please refer to HM Revenue & Customs IR111 booklet 'Bank and building society Interest' which is available from their website www.hmrc.gov.uk.

Reviewed July 2009 – Barclays Wealth Legal