Pension drawdown

We believe in giving you great value, so we charge an annual service fee, payable monthly, based on the value of all your investments. And did we mention all the award-winning , on-the-go access and support with investing you get? That’s all included in our service fee.

We add all your accounts together before we work out which fee band you’re in, meaning we’ll charge you the lowest rate.

• The portion of the fee you pay on exchange-traded investments (shares, exchange-traded funds (ETFs), bonds, etc.) is capped at £45.
• However, you do not pay a service fee on exchange-traded investments held in an Investment Account.

The table below shows how this fee changes, as your investments increase.

To see this in more detail please read the .

The same service fee is charged across all of your investments. So, if you hold £300,000 - the fee would be 0.20% across the full amount, and not 0.35% on the first £249,999 and then 0.20% a year on the remaining £50,001. For exchange traded instruments including investment trusts, this is capped at £45. There is no service fee for these investments held in the Fidelity Investment Account. 

Investment charges set by the company managing your funds

Ongoing fund charges are set by the company managing the fund and start from 0.06%.

Some funds may also have:

• a bid-offer spread, which is effectively a charge applied when you buy or sell
• a performance fee
• a fund manager buy or sell charge.

We’ve negotiated reduced ongoing charges on hundreds of funds on our platform. We recommend checking each investment's factsheet for more information, as investment charges as can differ between funds.

Share dealing and other charges

• There is a charge made for each buy and sell transaction you place (including switches and dividend reinvestments). This will be deducted from the amount invested or raised through a sale.
  • Regular savings or reinvestment are charged at £1.50.
  • Simple charge of £10.00 for each deal placed online.
  • Phone trades are charged £30.00 for each deal.
• Stamp Duty, levies and taxes: 
  • UK Stamp Duty of 0.5% applies when you buy UK shares
  • Irish Stamp Duty of 1.0% applies when you buy Irish shares
  • UK Panel of Takeovers and Mergers levy of £1 applies on UK share deals of over £10,000
  • Irish Takeover Panel levy of €1.25 applies on Irish share deals of over €12,500
• Foreign exchange charge applies for dealing in offshore funds that are not in sterling. 

Download the Doing Business with Fidelity document for more fees and charges information.

Service Fee Charges on SIPP Cash

Cash in the Fidelity SIPP is currently held as ‘Cash Within Your Account’.

We currently don’t charge a service fee on Cash Within Your Account. However, we reserve the right to retain an amount of the interest received from the bank(s) we deposit your money with to cover the cost of administering these cash balances. Please go to www.fidelity.co.uk/cash for further details.

Individual accounts

We calculate the service fee at midnight on the first of every month and deduct it around the 15th of the following month.

We include any joint accounts when we’re adding up all your investments to work out what service fee rate you pay, ensuring the lowest possible charge.

The total value is then divided by 12 to determine the monthly amount that’s taken from your individual account.

We’ll take the service fee directly from your cash account, so we recommend always having cash in that account. If you don’t have enough, we’ll take it from your largest investment by value and by asset class – for example we will take the fee from the largest fund before we take it from an Exchange Traded Fund or Investment Trust.

Joint accounts

We calculate the service fee at midnight on the first of every month and deduct it around the 15th of the following month.

We only count your joint accounts when we’re working out the service fee on them.

The total value is divided by 12 to determine the monthly amount that’s taken from your joint accounts.

We’ll take the service fee directly from your cash account, so we recommend always having cash in that account. If you don’t have enough, we’ll take it from your largest investment by value and by asset class – for example we will take the fee from the largest fund before we take it from an Exchange Traded Fund or Investment Trust.

In most cases, this won’t actually make any difference to what you pay, as taking 0.35% from two accounts separately is the same as taking 0.35% from the accounts added together.

However, if you hold £5,000 in an individual account (such as an ISA) and £5,000 in a joint account, you’d pay the 0.35% service fee on the individual account (as the total value of investments is over £7,500 [£5,000+£5,000=£10,000]) plus the £45 a year fee on the joint account (as it’s below £7,500) - unless the joint account has a monthly regular savings plan of at least £50.

Here are some scenarios, for illustrative purposes only, that show how we would calculate what you would be charged. If you have less than £7,500 in total there will be a flat fee of £45 a year (£25 for Junior ISA and Junior SIPP), although this changes to 0.35% if you have a monthly regular savings plan (RSP). We will usually collect this fee in arrears in monthly instalments of £3.75 (or £2.08 for Junior ISA and Junior SIPP).

Example of what you could pay

These fees does not apply to customers using an adviser please see below.

Invest @ Work pay deduction is only available for direct personal investors with Fidelity (i.e. investments that are not through an adviser).

The fees mentioned above are for investments held directly with Fidelity.

If you hold some investments through a financial adviser, then the charges will be different from the ones you hold directly with us.

We suggest you speak with your financial adviser to find out more about what charges and fees will be applied.