How much will the service cost you?

Here's an overview of our fees and charges for the Stocks & Shares Individual Savings Account (ISA), Self-Invested Personal Pension (SIPP), General Investment Account (GIA) and Pension Drawdown self-managed services.

With investing, your capital is at risk

 
Ongoing charges

You’ll pay an ongoing annual charge of up to 0.76% of the value of your savings held in your accounts.

This is made up of:

  • Investment service fee – 0.52% per year paid to us for providing ongoing support in relation to your investment portfolio. 
  • Platform charge – 0.13% per year paid to Hubwise for running the online services that hold your investments.
  • Fund charge – up to 0.11% per year paid to the portfolio manager for the operation of each of the funds within your investment portfolio. This is charged by the fund provider and depends on which funds are selected.

As fees are based on the value of assets at the time of calculation, the actual amount deducted will go up and down over time.

 

Adhoc charges

There may be other charges which apply in certain circumstances. For example:

  • SIPP drawdown withdrawal

When you want to take money out of your pension, either as tax-free cash or a taxable withdrawal, there’s an annual drawdown fee of £150 (including VAT). Hubwise only charges this fee once in any ‘drawdown year’ – the 12-month period starting from the date you first withdraw money from your pension with Hubwise. You’ll have to pay this fee again if you take money out in subsequent ‘drawdown years’.

  • Ad hoc platform charges 

SS&C Hubwise may charge additional fees relating to the platform which holds and manages your savings and investments. This normally happens when you need further actions to service your account and products. You can read more about this in the Hubwise Terms and Conditions.

  • One-off financial advice for savers

If you’d like one-off financial advice about your savings and investments there’s an advice fee of 0.75% of your assets, up to a maximum of £500. This is a one-off fee for one advice event.

  • Fund charges

There are other costs charged for the funds held within the portfolios which cover fund management, administration and any transaction costs. These charges are deducted within the fund itself and are reflected in its value. They’re not a direct charge to you, but they do affect the fund’s performance. 

 
For more information

You can see a full breakdown of all fees, charges and costs for your product and investment portfolio choice by reviewing your personal ‘Illustration of costs’ document. We’ll give this to you during the application process. SS&C Hubwise will also give you an updated illustration every year via the online platform.

For a detailed explanation of fund costs, you can refer to the key investor information document (KIID) that’s issued by the provider of each fund in your portfolio. You’ll find links to these in the relevant portfolio factsheet.

For more information on how our fees and charges are calculated and deducted, and for other charges that might apply in certain circumstances, please read Our Service Explained documents:

  • Our Service Explained – Retirement Saving
  • Our Service Explained – Retirement Spending