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What are the fee collection options?

The standard option - The most popular

We will try to collect fees in this order:

  • The Loyalty Bonus Account
  • The income account
  • The capital account
  • Cash in your Fund & Share Account based on the collection option you have chosen for that account

Collecting fees from the income account in preference to money held in the capital account (which is generally held pending reinvestment) is the preferred option for most clients.

The income option - For clients who would like more income

We will try to collect fees in this order:

  • The Loyalty Bonus Account
  • The capital account e.g. from your Stocks & Shares ISA/SIPP
  • The income account e.g. from your Stocks & Shares ISA/SIPP*
  • Cash in your Fund & Share Account based on the collection option you have chosen for that account

Collecting fees from the capital account first means more income is available to be paid out or reinvested.

*Please note, if your collection preference on your Fund & Share Account is 'High Income', we will not collect fees from income on your Fund & Share Account or your Stocks & Share ISA/SIPP.

The high income option - For clients who would like maximum income

We will try to collect fees in this order:

  • The Loyalty Bonus Account
  • The capital account e.g. from your Stocks & Shares ISA/SIPP
  • Cash in your Fund & Share Account based on the collection option you have chosen for that account

Collecting fees from the capital account only means that none of the income you receive goes towards fees.

The Fund & Share Account option - For clients who would like to pay their fees outside their Stocks & Shares ISA or SIPP where possible.

We will try to collect fees in this order:

  • The Loyalty Bonus Account
  • Cash you hold in your Fund & Share Account based on the collection method you have chosen for that account
  • The income account e.g. from your Stocks & Shares ISA/SIPP
  • The capital account e.g. from your Stocks & Shares ISA/SIPP

Collecting fees from the loyalty bonus account and Fund & Share Account first helps protect the value of your Stocks & Shares ISA/SIPP.

Please remember if there is insufficient cash in your account to cover the fees we will sell investments and return any residual cash to the suggested minimum cash balance.

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