Individual Plan: Charges
The current charges are:
| Initial Charge |
£10,000 |
| Annual Administration |
0.6% p.a.
(min £2,500 max £7,000) |
| Transaction Fee |
£30 per purchase or sale of security within the Plan. |
| Transfer Fee |
£30 per security transferred into the plan |
The charges are increased if unquoted securities are included in the Plan to cover our additional costs.
| Initial Charge |
£1,500 per unquoted security |
| Annual Administration |
£500 per unquoted security |
Nordben deducts the above charge on 31 December. The administration charge is calculated as the percentage of the investment value at the end of December and multiplied by the completed months since the date of the last charge.
The above charges are in addition to any investment management and custodian charges levied on the Unit Fund.
The above charges can be varied.