There is an annual management charge made up of 3 elements:

• a management charge of 0.5% of the value of their pension pot each year
• a potential rebate on the management charge of between 0.1% on savings over £3,000 and 0.3% on savings over £50,000
• an annual charge of £2.50 deducted during the scheme year (which runs from 1 April to 31 March), if they have investments with us as of 1 April.

Find out more about our member annual management charge.