All new investments to the Cavendish Online FundSupermarket (powered by FundsNetwork™) will have THREE explicit charges applied:
|Fund Manager charge||
This charge will vary according to the fund, investment trust or ETF you wish to buy, it will not apply to any shares that you buy.
Please click here to identify a specific fund charge.
0.20% per annum
Reduced to 0.15% on the entire balance if you have a combined value of more than £200,000 in your ISA, Investment and Pension accounts. These need to be FundsNetwork accounts that are linked to Cavendish Online.
|Cavendish Online ongoing fee||0.05% per annum|
NO initial fees on Funds
NO dealing fees on Funds
NO exit fees
Some fund managers impose a dilution levy or fund manager buy/sell charge on some of their funds. Please check the fund's KIID document if you require clarification for a particular fund.
The charges that apply to shares are generally the same as for Investment Trusts (IT's) and Exchange Traded Funds (ETF's) that are already available on the platform.
What charges will I pay?
Platform Charge - You will continue to pay the platform charge based on the value of on any shares, IT’s, ETF’s or funds that you hold with us, this being 0.20% per annum, reduced to 0.15% on the entire balance if you have more than £200,000 in your account(s).
Cavendish Online Ongoing Fee - You will continue to pay our fee of 0.05% per annum based on the value of on any shares, IT’s, ETF’s or funds that you hold with us.
Fund Manager Charge - If you hold funds, IT's or ETF's then there will be a fund manager charge (more commonly referred to as an Ongoing Charge Figure or OCF) that the fund manager will take for managing the fund for you. These charges will not apply to shares.
Dealing Charge - You will pay a dealing charge when you buy, sell or switch shares, IT’s or ETF’s. We have listed these in more detail below. Please be aware that these charges do not apply to any deals that you place in funds, i.e. unit trusts or OEIC’s (Open Ended Investment Companies).
The only exception is if you have an account that has not been migrated to the new platform (typically you will know if you have been migrated if you have access to a Cash Management Account or if your Pension is called a 'Pension Savings Account', if your pension is called a 'FundsNetwork Pension Uncrystallised' then your pension has not yet been migrated, but should be soon. For these non-migrated accounts you will have access to a smaller selection of IT’s and ETF’s. The dealing fee will be at a rate of 0.10% of the value of the deal. As soon as these accounts are migrated to the new platform, the dealing charge will change from 0.1% to £10 for deals or £1.50 for regular contributions.
Performance Fee - A handful of funds and IT's also charge a performance fee. Please check the fund manager fact sheet or the Key Investor Information Document (KIID) for details of this.
Are there any additional charges?
Please be aware that the additional charges listed below only apply to shares, IT’s and ETF’s, they do not apply to deals in funds (unit trusts or OEIC's).
Stamp Duty Reserve Tax (SDRT)
When you buy a share or IT that is domiciled in the UK you will be charged SDRT at the rate of 0.5% of the value of the transaction. If you buy Irish shares the stamp duty will be 1%.
SDRT is not charged on ETF's or shares listed on AIM (Alternative Investment Market).
If you buy or sell more than £10,000 of a particular share, IT or ETF you will also be charged an additional £1, this is for the UK Panel of Takeovers & Mergers Levy.
What are the charges for receiving dividends?
If you request that any dividend from your shares, IT’s or ETF’s is reinvested back into the same security you will incur a dividend reinvestment charge of £1.50 per deal, this is instead of the £3 dealing fee. Neither of these charges apply to funds (unit trusts or OEIC's).
If you request that the dividend is held as cash in your account or is paid out as cash to your linked bank account, you will not be charged this fee.
What are the charges for regular monthly contributions?
You will be charged £1.50 for a regular monthly contribution into a share, IT or ETF, this is instead of the £10 dealing fee.
Neither of these charges apply to funds (unit trusts or OEIC's).
Yes, we do offer multi-buy discounts.
We cap our fees at £100 per person for any products bought through us at any one time.
For example, if you are buying more than 4 life insurance policies, transferring more than one pension into a new pension or buying several investments then you will make additional savings through Cavendish Online.
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Why not take a look through our Frequently Asked Questions section. We update this regularly to ensure you have all of the information you need to make an informed decision when using our service.
Alternatively, you can email the team using firstname.lastname@example.org or call us on 03456 44 25 44