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.