Both fees are taken from the cash allocation of your account on the 10th of each month, so the balance you see in the app will always be net of CIRCA5000 and external ETF fees.
If there isn't enough cash available to pay your fee, then we'll sell enough to clear the fee from your largest holding (the ETF in which you have the most shares.)
Example of CIRCA5000 fees
If you had a balance of £5,000 in your account for 12 months, in your first year you would pay £37 (an average of £3.08 per month) in CIRCA5000 fees.
This example doesn't account for any gains or fluctuations of your investments.
If you activated your account with TPS as your original custodian then your platform fee is only applicable on balances over £3,000 at the rate of 0.3% p.a.
We charge the following fee to have a CIRCA5000 Personal Pension:
This fee is taken from the cash allocation of your account on the 10th of each month, so the balance you see in the app will always be net of CIRCA5000 and external ETF fees.
If there isn't enough cash available to pay your fee, then we'll sell enough to clear the fee from the ETF in which you have the most shares.
Pension Transfer fees
We do not charge any fees to transfer a pension held elsehwere into your CIRCA5000 pension.
A transfer out fee will be incurred only if you transfer your CIRCA5000 pension to another provider within 12 months of transferring in one or more external pensions to CIRCA5000.
The transfer out fee incurred will be £30 per pension you transferred in, within the preceding 12 months.
We will sell investments in your CIRCA5000 pension in order to satisfy the transfer out fee before processing any transfer out. We need to make this charge to cover the costs, usually absorbed by us, of the pensions you transferred in.
CIRCA5000 does not charge to buy/sell investments for you, open/close your account, or to top-up/withdraw from your account. We also don't charge to transfer an external account into your CIRCA5000 account or to transfer your CIRCA5000 account to another provider. ETF managers do have their own fees, paid directly to them through your investment, rather than to CIRCA5000.
Their fees can be found on the KIIDs (Key Investor Information Document) in your app. These aggregated external fees vary based on the portfolio you choose to invest in (People, Planet or Planet & People) and the risk level you choose (Adventurous, Balanced, Cautious), between 0.24-0.65% p.a.
The below table illustrates the cumulative effect of costs on return of a £10,000 investment in the Balanced allocation of the Planet & People portfolio, with an assumed net growth rate of 5.00% over 5 years in an ISA or GIA.
The actual performance of your account will depend on your portfolio choice, risk level and individual performance of the funds you select. NB that the Subscription Fee is fixed and so the service costs percentage may be higher or lower depending on the amount invested.
This figure is for illustrative purposes and is not indicative of typical past performance nor is it a prediction of future performance.
|Description||(£) Value||(%) Return|
|Amount to be invested (there are no entry costs)||£10,000.00||-|
|What you might get back if there were no charges at all||£12,588.30||25.88%|
|What you might get back after charges||£12,413.26||24.13%|