Charges, discounts & interest rates

Funds carry two types of charges, initial and annual. We can save you money on both.

Save up to 5.5% on the initial charge

The initial charge is a fee, typically between 3% and 5.5%, payable to the fund manager when you first invest. We have negotiated special terms with fund management companies which allow us to discount most, if not all, the initial charge for over 1,700 funds. Please note that some funds will have a different buying and selling price and this is outside of our control.

Receive annual loyalty bonuses

Through the Vantage Fund Account we can rebate you money from the annual charge. The annual charge is normally deducted pro rata on a daily basis and reflected in the price of the units. So you will not see it on your statement and you do not need to pay for it separately.

Part of the annual management charge can be used to pay a broker what’s known as renewal commission. If you buy a fund directly from the fund manager, they simply keep this commission themselves, so the renewal commission makes absolutely no difference to the annual management charges you pay.

We share the renewal commission we receive with you through our annual loyalty bonuses of up to 0.5%. On a portfolio worth £10,000 our loyalty bonuses could save you up to £500 over the next 10 years; more if your investments rise in value.

There are no further annual charges to hold any fund for which we receive renewal commission. For the few funds on which we do not receive renewal commission there is a further annual charge of 0.5% (+VAT) capped at £200 plus VAT per annum.

Check the charges and our savings on individual funds

Cash

As well as funds you can also hold cash within the Vantage Fund Account.

This allows you to invest cash and then, when you spot an opportunity, call us and invest straightaway. You can also sell holdings within your Fund Account and hold the cash during volatile stock markets, or transfer holdings as cash while you decide where to invest.

See the rates of interest we pay on cash