Illustrative charges for a portfolio of £500,000 assuming 75% is invested in collective funds with an average Ongoing Charges Figure (OCF) of 0.69% with 7 transactions of £15,000 in collective funds annually; 25% invested in direct equities with 6 transactions (3 purchases and 3 sells) of £12,000 in direct equites annually. Transaction size and value are based on the average for the service provided, and will vary according to individual circumstances.
|Investment Management @ 0.40%||£2,000|
|VAT @ 20%||£400|
|Custody charge @ 0.30%||£1,500|
|Total Management Charge||£3,900|
|Stamp duty of purchases on UK equities @ 0.5% (12,000 x 0.5% x 3)||£180|
|Panel on Takeovers & Mergers Levy on UK equity trades (£1 x 6)||£6|
|External fund charges (75% of £500,000 using 0.69% OCF)||£2,587.50|
|Total Other Charges||£5,181|
|Total Illustrative Charges inc. VAT||£9,081|
The annual cost figure will impact the overall performance of your portfolio to the value of £9,081 or 1.81%.