General
How much will I be charged for holding an account with you?
When you’ve got an account with us, your charges will be split into two: account charges and annual management charges.
Your account charge is for managing your account, and we’ll calculate the daily charge based on your account value. We’ll collect the charge monthly by selling some of your investment units to cover the charges.
Your annual management charge is for managing your funds. We calculate a percentage based on the value of your funds, and it’s deducted each day by the fund manager.
Find out more about our funds and charges.No, we won’t charge you any fees if you want to move over to another provider.
Will I be charged if I move my money to another provider?
No, we won’t charge you any fees if you want to move over to another provider.
How much will I be charged for having an account with you?
When you’ve got an account with us, your charges will be split into two: account charges and annual management charges.
Your account charge is for managing your account, and we’ll calculate the daily charge based on your account value. We’ll collect the charge monthly by selling some of your investment units to cover the charges.
Your annual management charge is for managing your funds. We calculate a percentage based on the value of your funds, and it’s deducted each day by the fund manager.
Find out more about our funds and charges.
Investments
What tax benefits will I get from an ISA?
When you invest money in an ISA, you can save towards your medium and long-term goals without having to pay income and capital gains tax on the returns.
You won’t pay tax on any dividends from shares, and you won’t pay capital gains tax on any returns made from the investments within your ISA.
Pensions
What are the tax benefits of a pension?
A pension is a tax-efficient way to save for your retirement.
You can benefit from tax relief on personal payments into your pension, up to your allowed limit.
Pension investments are free from income tax and capital gains tax, so you won’t pay tax on any dividends from shares. You also won’t pay capital gains tax on any profits made from the investments within your pension.
Just so you know, when it’s time to take money from your pension, there’s a limit on the total amount of tax-free cash you can take. You can normally take up to 25% tax-free, or a maximum of £268,275 across all your pensions. The rest is taxed like any other income.
To find out more, have a look at gov.uk.
Is my pension taxable?
You get tax relief on all payments made into your pension, including those from third parties, but not payments made by your employer.
This means you only pay tax when money goes out, not when it comes in.
When you take your pension money you can normally take 25% tax free – up to a maximum of £268,275 across all your pensions.
As you approach your retirement age, we’ll give you all the details you need, but you can always visit MoneyHelper for more info.
How long will it take to receive pension tax relief?
It can take up to 12 weeks to get HMRC’s tax relief on pensions. As soon as we get the money, we’ll use it to buy more units in your chosen funds.