Platform charges

Our scale allows us to offer competitive pricing for your client’s products, in a structure that’s simple and transparent.

Below are the charges we apply. Please note that charges from third parties, such as investment providers, may also arise.

Annual charges	Amount
Platform charge - based on the value of all assets in your Nucleus SIPP, ISA, and GIA	First £200,000	0.33% p.a
	Next £300,000	0.30% p.a
	Next £500,000	0.175% p.a
	Over £1 million	0.05% p.a
	(payable monthly, 13.25 minimum

The platform charge is calculated daily, and then deducted proportionately from the product's cash account(s) each month.

Other charges (payable upon the event)	Ammount
Exchange traded investments - Excluding those held in model portfolios	0.035% (£3.50 minimum) £5 additional charges applies to real-time trades
Post-closure administration - If payments are received after the product has been closed	Equal to the value received (£50 maximum)
Additional work - Discretionary charge on a time/cost basis for exceptional administration	£150 + VAT per hour (minimum)

Example scenario

Nucleus SIPP, ISA and GIA

Here is an example of the typical charges that would apply where a client:

Has a Nucleus SIPP with a value of £250,00 held in platform funds.
Transfers in £50,000 in cash from another ISA provider to their Nucleus ISA and invests in platform funds.
Holds a Nucleus GIA and invests £100,000 in platform funds.

Ongoing charges (per annum, including first year)	(£)
Annual platform charge (based on £200,000 at 0.33% + £200,000 at 0.30%)	1,260
Total	1260

Family members who hold the same Nucleus products can also benefit from linked charging, resulting in a reduction in some charges. Please let us know if this applies to any of your clients.

For full details of our charges, please see the product’s Charges Schedule.

And head over to our Banking page for details of our treasury policy and the interest we pay on your clients’ cash balances.