Fees and charges
Our fees
Keeping the long term cost of investing as low as possible dramatically improves client outcomes
Our comprehensive fee includes:
Investment Management
Custody/Platform
Transaction Charges
Administration
Any Applicable VAT
The applicable fee rate is based on your net contributions and immediately drops as contributions move you into the next band.
We do not charge initial fees, exist fees or to transfer in pensions, ISAs and cash.
Other advice and guidance options:
For clients who would like to work with a Netwealth adviser on an ad-hoc basis, we offer both one-off advice or guidance via the Financial Planning ‘MOT’.
Annual Wealth management fees
Net contribution bands
Core
Advised
£50,000 - £249,999
0.75%
1.10%
£250,000 - £999,999
0.60%
0.95%
£1,000,000 - £4,999,999
0.45%
0.80%
£5,000,000 +
0.35%
0.70%
Underlying fund charges
+0.10% - 0.45%
Description
Fee
One-off advice
£200 per hour
Financial Planning ‘MOT’
A fixed fee of £400 for an individual or £600 for a joint plan
Pension charges
The Netwealth Personal Pension is administered by Intelligent Money, who act as the pension trustees. If you open a Netwealth Personal Pension you will separately contract with Intelligent Money to provide the pension wrapper. The table here details the Intelligent Money charges which are applicable to a Netwealth Personal Pension.
Intelligent Money (Pension Provider) Charges
Charge
Set-up Fee
£0
Annual Charge
£180
Single and Regular Contributions
Income Drawdown Set-up Charge
£90
Income Drawdown Annual Charge
£108
Calculation of Pension Commencement Lump Sum (Tax Free Cash)
Calculation of Partial Uncrystallised Fund Pension Lump Sum
£270
Calculation of Full Uncrystallised Fund Pension Lump Sum
£360
Capped Income Drawdown Annual Review
Annuity Purchase Charge
Cash Transfers Out
In-Specie Transfers In
In-Specie Transfers Out
£180 per hour
Additional charges may be applicable for non-standard transactions. Full details of all potential charges can be found in the Fee Schedule section of the Netwealth Personal Pension Terms & Conditions.
All charges shown are inclusive of VAT,
The table below lays out other charges that will be deducted from your account, depending on the services provided to you:
Netwealth Charges
Cash Withdrawal via CHAPS
£25
Cash Withdrawal via BACS
Cash Transfer Charge (GIA, ISA, JISA)
In Specie Transfer Charge (GIA, ISA, JISA)
£20
Account Closure
Change of Portfolio Risk Level*
0.12% of Portfolio market value
* We think that investment objectives are best achieved through maintaining a long-term strategic asset allocation. If your objectives or preferences change, you are able to change the Risk Level on your portfolio a maximum of two times in a twelve-month period free of charges. Any changes subsequent to that will be chargeable at 0.12% of the value of the investments in order to cover our additional trading costs.
Advice fees
The table below lays out the fees that are applicable if you elect to receive advice relating to your investments from a qualified Netwealth adviser. Fees quoted are inclusive of any applicable VAT.
Ongoing Advice
0.35% per annum on the value of your account, subject to a minimum of £1,000 per annum
The number of hours a piece of advice work requires will depend on the specific nature and circumstances of the work undertaken. By way of a generic example, a standard review for a client approaching retirement and looking for advice on meeting their retirement income goals, would typically take 8-12 hours costing £1,600-£2,400, inclusive of any applicable VAT.
Your Netwealth adviser will provide you with an estimate of the amount of time required for your specific needs in advance of any agreement to proceed.
Advice packages
For certain common advice needs, we offer fixed-price advice packages. Fees quoted are inclusive of any applicable VAT:
Pension contributions - £400 - Using pension annual allowances are vital to optimise your retirement plans. However, many clients either pay too little into their pensions or, due to recent rule changes, pay in more than is optimal. After analysing your income and your recent pension contributions, in this package we advise you how to make further pension contributions in a tax-efficient way. This advice takes into account, where applicable, your tapered annual allowance and your ability to carry forward unused pension allowances from previous tax years.
Drawing down - £1,200 - Drawing down upon your pension is typically done to raise funds for retirement. However, there are many things to consider before doing this. In this advice package we will help you to consider your options when drawing down upon your Netwealth pension, and how you should manage your pension once in drawdown. Key considerations include how much income can be sustainably drawn for the length of your retirement, whether tax-free cash should be withdrawn, and if so, what should be done with it. We also consider whether annuities or UFPLS should be opted for instead of entering drawdown in the first place. Finally, this advice package lets clients know how much tax will be due if drawing down, how to optimise this position and how the residual pension should be invested to best meet your needs in retirement.