Unit Trusts and OEICs are priced differently. Unit Trusts have two prices; a buying (offer) and a selling (bid) price. OEICs have one price at which you buy and sell.
What are the charges that you can expect to see?
Fund Manager charges:
Initial Sales Charge - An initial sales charge or ISC is charged when you buy units. TD offer over 2,000 unit trusts & OEICs with discounted initial sales charges from 0%.
Ongoing Charge - This charge formerly known as the total expense ratio (TER) is a measure of the total cost of a fund. This includes the Annual Management Charge - the AMC is typically around 1.5% of the value of the fund and may include a payment to us as the distributor known as Trail Commission - as well as various other fees such as administration, redemption, auditing and all other expenses.
These and any other applicable charges are detailed on the KIID document which can be found in the Fund Quickrank tool.
Platform Fee - A Platform Fee may be charged against the value of your fund holding.
As of 1st July 2012 any Trail Commission received by us from the Fund Manager will be rebated to your appropriate account as cash on or after 31st December 2012.
Rebates to investors, other than within a tax wrapper (e.g. ISA and SIPP) or to UK companies, are subject to income tax and as from 6th April 2013 HMRC require that we make these payments net of basic rate tax, which is currently 20%. If you are a higher rate or additional rate tax payer you may also need to pay additional tax through your tax return. We suggest that you speak to HMRC or your tax adviser if you need advice in this regard.
The Platform Fee and tax will be applied at the same time as the Trail Commission rebate and each transaction will be individually identified on your statement..
Transfer Fees - This is the fee you would be charged if you were to transfer existing funds into or out of your TD account.
|Transferring funds in to TD
|Transferring funds to another provider
||£35 per fund|