A clearer approach to charges, which is simple, so investors can focus more of their time managing their portfolios.
Our typical service fee is just 0.35%.
Fund ongoing charges start from just 0.06%.
Extra savings for investors with larger portfolios.
Additional discounts on over 200 funds.
Our typical annual service fee is 0.35% of the value of your investments. It goes down to 0.20% if your investments with us are worth more than £250,000. We do not charge a service fee on holdings above a threshold of £1 million. The service fee for a sole account is based on the value of all your investments and the type of funds you hold, including joint accounts. However, the fee for a joint account is considered separately.
The service fee is divided into monthly payments, based on the value of your investments at midnight on the first of the month that the charge relates to. We take the charge around the middle of the following month, by selling units in your largest fund holding.
For customers whose investments with Fidelity Personal Investing are worth less than £7,500 in total, there is a flat fee of £45 p.a. (£25 for Junior ISA and Junior SIPP). This fee will be collected in arrears in monthly instalments of £3.75 (or £2.08). Please note that customers with a monthly Regular Savings Plan (RSP) of £50 or over who have investments worth less than £7,500 will be charged just 0.35%. Junior ISA or Junior SIPP accounts with monthly regular payments will continue to pay the £25 flat fee if below £7,500. For more information please see our Doing business with Fidelity document.
For ISA accounts, the service fee will normally be taken from your largest holding by value. For SIPP accounts, the service fee will be taken from your SIPP Cash Account and where there is not enough money, we will take the shortfall from your largest holding by value.
Once you have a portfolio worth £1,000,000 there will be no additional service fee charged on assets above this £1,000,000. Ongoing fund charges will still apply.
There is also a cap on the service fee you pay for Investment Trusts and Exchange Traded Funds of £45. This means no matter how much you hold in these products the maximum you will pay is £45 p.a.
It is important to bear in mind, the following points when comparing charges with other platforms:
We know that some platforms will promote lower headline rates than ours. However when you look at the total costs of investing with them, you may well find that they have a number of hidden charges that we don’t.
When you pay a service fee, it covers everything we offer you (apart from the management of Fidelity funds, which is paid for by their fund managers’ fees). It includes all the costs associated with:
For calculating the service fee tier, we will take into account all your investments which you directly hold with Fidelity Personal Investing. These include all holdings in:
Please note that for joint accounts, the applicable service fee will be assessed and payable on each account, regardless of the number accounts the named account holders hold together.
Exclusion: Defined Contribution (DC) company pension schemes and any holdings linked to a financial adviser will not be taken into account for the purposes of calculating the service fee tiers.
Fees are calculated on the first of the month and deducted around the 15th of the following month. Normally, fees will be taken from your largest holding by value within each account. They will appear as 'service fee' on your statement.
You will receive details of the fees that have been paid on your 6-monthly statement and valuation. You will also be able to view transactions online within account management. You will not receive individual Confirmation of Transactions for fee deductions. The service fee will be detailed in your statement within the ‘Fees and Rebate - Summary’ section. Furthermore, details of the units deducted to pay the fees will be included in the transaction section.
No, although we reserve the right to introduce this in the future.
The deduction of units to pay the fee may have taxation consequences dependent upon the type of product and the investor’s tax position.
Generally, disposal of units or shares in Unit Trusts, OEICs or other collectives (unless deemed to be a share reorganisation), if not in an ISA or SIPP tax wrapper, are treated as chargeable gain disposal events for the purposes of capital gains tax.
The service fee tier for joint accounts will be calculated based on the value of investments held within that joint account. This is because joint accounts can have two or more account holders and each of these joint account holders can have individual accounts in their own sole name which adds more complexity for us to apply the tier to their common joint account. Therefore we have decided the service fee tiers for joint accounts will be calculated separately and will not take into account any investments held by joint account holders in their sole names.
For example: You hold £200,000 in a joint Investment Account and £60,000 in ISA under your name. For the purposes of calculating the service fee tier of your joint account, we will not take into account your ISA holdings and will calculate the service fee tier based on the value of your investments in a joint account only i.e. £200,000 and therefore you will fall in the first tier i.e. 0.35%.
Yes. We will include the value of any joint account(s), for the purposes of calculating the service fee tiers for any individual (sole) accounts you may hold with us directly.
For example: You hold £200,000 in a joint Investment Account and £60,000 in ISA under your name. For the purposes of calculating the service fee tier of your ISA account, we will take into account your ISA holdings + joint account holdings. This will ensure a lower service fee tier will be applied to all your holdings in your ISA i.e. £200,000 + £60,000 = £260,000 and therefore you will fall in the second tier i.e. 0.20%.
We will only apply the Fidelity Personal Investing service fee tiers to any holdings you directly hold with us. There will be different terms applied to any holdings you may have through a financial adviser. Please contact your financial adviser for more details. Therefore for the purposes of calculating your service fee tiers, we will take into account all your holdings directly held with Fidelity.
For example: If you have £160,000 invested directly with Fidelity and a further £120,000 invested with a financial adviser. For the purposes of calculating the service fee tier, we will not take into account £120,000 invested with the financial adviser and will just take into account the £160,000 invested directly with Fidelity i.e. you will fall in the first tier i.e. 0.35% will be applied to all investments which you directly hold with Fidelity Personal Investing service.