Charges test
AIM ISAs compared one against the other, if you hover over each line, you see which is which
IGNORE THIS – PREVIOUS TESTS
Charges and savings [VCT]
A summary of the main charges and savings is shown below. The net initial charge shown includes the Wealth Club saving and any early bird discount. The investment may have additional charges and expenses: please see the provider documents including the Key Information Document for more details. Test
[Note: if something is not available, e.g. early bird discount, we keep the row in and just put "–" instead of the value]
| Full initial charge | 5.5% |
| Early bird discount | — |
| Wealth Club initial saving | 2.5% |
| Existing shareholder discount | 1% |
| Net initial charge through Wealth Club (new investors) | 3% |
| Net initial charge through Wealth Club (existing shareholders) | 2% |
| Annual management charge | 2% |
| Annual administration charge | 0.3% |
| Performance fee | 20% |
| Annual rebate from Wealth Club (for three years) | 0.25% |
More detail on the charges
Charges and savings [EIS / SEIS fund]
A summary of the main charges and savings is shown below. Some of these will be payable by the investor, whilst others by the investee companies. The investment may have additional charges and expenses: please see the provider documents, including the Key Information Document, for more details.
[Note: if something is not available, e.g. early bird discount, we keep the row in and just put "–" instead of the value. Do not use 0%, nil, zero or N/A to represent an absent fee.]
| Investor charges | |
|---|---|
| Full initial charge | up to 0.75% |
| Wealth Club initial saving | — |
| Net initial charge through Wealth Club | up to 0.75% | Annual management charge | 1.05% |
| Administration charge | £150/month |
| Performance fee | 20% | Investee company charges |
| Initial charge | up to 0.75% |
| Annual charge | 1.05% |
More detail on the charges
Charges and savings [AIM IHT – inside and outside ISA]
A summary of the main charges and savings is shown below – The investment may have additional charges and expenses: Please see the provider documents for more details. If you would like a full breakdown or a personal illustration, please let us know.
| Full initial charge | 1% |
| Wealth Club initial saving | 0.25% |
| Net initial charge through Wealth Club | 0.75% |
| Annual management charge | 2% |
| Administration charge | 2% |
| Dealing fee | 1% |
| Performance fee | — |
| Exit fee | — |
See example of the total charges over 5 years
Charges and savings [IHT portfolios – non AIM]
A summary of the main charges and savings is shown below. Some of these will be payable by the investor, whilst others by the IHT companies and/or the underlying businesses. The investment may have additional charges and expenses: please see the provider documents for more details. If you would like a full breakdown or a personal illustration, please let us know.
[Note: if something is not available, e.g. early bird discount, we keep the row in and just put "–" instead of the value]
| Investor charges | |
|---|---|
| Initial charge | up to 0.75% |
| Annual management charge | 1.05% |
| Administration charge | &poud;150/month |
| Performance fee | 20% | IHT company charges |
| Initial charge | up to 0.75% |
| Annual management charge | 1.05% |
| Administration charge | £150/month |
| Performance fee | 20% |
See example of the total charges over 5 years
What about insurance for IHT products?
I suggest that if a product offers optional insurance, we create an "Insurance" section just after the Risks section and before the Fees and Charges section.
Under the heading "Insurance" we will have:
- A brief description of the terms (what it covers, what options you have, etc.)
- A table showing the charges
- A note to the table stating the insurance charges are in addition to the standard fees and charges detailed below.
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Wealth Club aims to make it easier for experienced investors to find information on – and apply for – tax-efficient investments. You should base your investment decision on the provider's documents and ensure you have read and fully understand them before investing. This review is a marketing communication. It is not advice or a personal or research recommendation to buy the investment mentioned. It does not satisfy legal requirements promoting investment research independence and is thus not subject to prohibitions on dealing ahead of its dissemination.