Online Investments.

    We’re making some changes to our Service Fee, to make things simpler, so it’s easier for you to understand how much you’ll be paying for your investments.

    From 1st March 2016, you’ll pay a Service Fee of 0.24% of the value of your investments. The minimum fee will be £2.40 per year, with no maximum limit. The fee will be calculated monthly, starting from 1st March 2016, and collected in October each year.

    There are no changes to the Ongoing Charge of 0.45%, which is automatically deducted from the value of your investment, and paid to the fund manager, Scottish Widows.

    What does this mean for me?

    The table below shows examples of how much you’ll pay over the course of a year, depending on how much your fund is worth. This table includes both the new Service Fee and the fund manager’s Ongoing Charge for the fund.

    Overall fund value on the last day of month

    New monthly Service Fee

    Monthly Ongoing Charge

    Total cost per month

    Total cost per year

    £5,000

    £1

    £1.88

    £2.88

    £34.56

    £15,000

    £3

    £5.63

    £8.63

    £103.56

    £25,000

    £5

    £9.38

    £14.38

    £172.56

    £50,000

    £10

    £18.75

    £28.75

    £345.00

    £100,000

    £20

    £37.50

    £57.50

    £690.00

    £150,000

    £30

    £56.25

    £86.25

    £1,035.00

    DEFAULT

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    Halifax is a division of Bank of Scotland plc. Bank of Scotland plc, Registered in Scotland No. SC327000. Registered Office: The Mound, Edinburgh, EH1 1YZ. Bank of Scotland plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 169628.