What is the annual management charge in the Vantage Stocks & Shares ISA?

For the vast majority of funds, there is no annual management charge as most fund providers pay us a renewal commission which covers our costs. However, for shares, most investment trusts and corporate bonds, gilts, ETFs and a very small number of funds, the annual management fee is 0.5% (capped at a maximum of £45) and is deducted on a monthly basis.

The few funds which do incur an annual management fee if held in the Vantage Stocks & Shares ISA are indicated by an asterisk next to the Annual Charge figure in the Key Features section of our fund factsheets.

The charge is deducted monthly in arrears based on the value of your account at that time. The charge is first taken from income; if there is no income it is deducted from cash if there are insufficient income or cash it is taken from any accrued loyalty bonus. If there is not enough money to cover the fee it will remain outstanding until further monies are received into your Vantage account. If outstanding fees continue to accrue, we may contact you to request payment.