What’s the annual management charge (AMC) based on?

Our annual management charge is made up of 3 elements:

  • a management charge of 0.5% of the value of your pension pot each year
  • a potential rebate on the management charge of between 0.1% on savings over £6,000 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 you have investments with us as of 1 April.

The management charge and rebate on your management charge are based on how much is in your pension pot.

Whereas the annual charge is £2.50 for all members, regardless of pot size.

Read more about our annual management charge.

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