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Comparing charges across providers can be tricky as each provider has a different set of fees and the way they apply their fees differ.  As a result, we have detailed below the core assumptions we have used in order to compare charges across platforms.

Overall assumptions

  • All charges relate to the annual cost, with no investment growth. Fees are assumed to be taken out of a separate cash balance, with no effect on the investment value.
  • For platforms, underlying investment charges have not been included.
  • For robos, we have used the total cost of investing including any administration fees, underlying investment fees and transaction costs/market spread.
  • For all providers, admin charges are assumed to be taken on a monthly basis, with the total charge an accumulation of 12 monthly charges.
  • Charges do not include any temporary promotions i.e. discounts on fees for a fixed initial period.
  • Share trades include other investments traded on an exchange such as investment trusts, ETFs and bonds.
  • Share trading fees do not include stamp duty and the PTM levy.
  • Where a user selects a combination of accounts, the fund/shares split applies across all accounts.
    • For example, if someone selects the following:
      • £50k invested
      • 50% ISA, 50% SIPP (£25k each account)
      • 50% funds, 50% shares
    • The calculator will assume the following:
      • ISA: £12.5K invested in funds, £12.5k invested in shares
      • SIPP: £12.5K invested in funds, £12.5k invested in shares

Default trading assumptions

To keep the calculator simple, we created default trading assumptions based on average investor behaviour according to portfolio sizes.

Fund trading assumptions:

  • Less than £10k invested in funds: 1 trade
  • £10k to £50k investment in funds: 2 trades
  • £50k to £100k investment in funds: 4 trades
  • £100k to £250k investment in funds: 6 trades
  • Over £250k investment in funds: 8 trades

Share trading assumptions:

  • Less than £10k invested in shares: 1 trade
  • £10k to £50k invested in shares: 2 trades
  • £50k to £100k invested in shares: 4 trades
  • £100k to £250k invested in shares: 6 trades
  • Over £250k invested in shares: 8 trades

 

Individual provider assumptions

If you wish to see the core charges across all the providers in our calculator, click here.