Our platform

Charges – competitive, transparent pricing

Our aim is to offer fair, sustainable and transparent pricing. At Nucleus there are no hidden surprises and no hidden charges. What you see is what you get. We offer a simple, tiered pricing structure, which means you can offer excellent value for money to clients whatever the size of their portfolio.

By consolidating products currently held across multiple providers, clients can enjoy lower overall costs. Family accounts can also be linked to further minimise fees paid between a husband and wife or civil partnerships.

We don’t charge fees for set up, drawdown, switching or administration. The only additional charges are for onshore and offshore bonds and equity dealing through our trusted partners. This transparent and simple approach means you can be clear about how your client could be charged over the lifetime of their portfolio.

Platform charge

Asset value

Standard charge*
Up to £0.20.33%
£0.2 to £0.50.30%
£0.5 to £1m0.175%

£1m+

0.05%

We apply the platform charge to invested cash, not cash balances held in a client’s account.

Other charges
  • Offshore bond: Account opening charge of £100 and additional annual charge of 0.15%
  • Onshore bond: Additional annual charge of 0.10%
  • Equity dealing: 0.035% transaction charge subject to a minimum of £3.50
There are no
  • Initial charges
  • Fund switching charges
  • Transfer on or off charges
  • Drawdown set up charges
  • Charges for cash withdrawals
  • Model portfolio charges
  • Valuation, statement or any other administration charges

Our approach to cash interest

Our active management of client cash means we can credit clients with a competitive rate of interest. We retain some of what’s earned so we can keep our charges low, as well as invest in our technology, propositions and in providing higher service levels. Our aim is to deliver excellent financial outcomes for your clients, and ultimately help make their retirement more rewarding.

It’s as fully transparent as you’d expect and you can find more detail in the table on the right.

Several alternatives are available to clients, so that they can obtain investment style returns on their spare cash, in some instances by locking into longer-term cash products. These include Bondsmith (offering a range of term deposits at several banks), money market funds, lower risk rate model portfolios, and/or gilts and bonds through a stockbroker.

We deposit platform cash with a carefully selected panel of banks. We’ll only use banks which are authorised by the Prudential Regulation Authority, regulated by the Financial Conduct Authority and Prudential Regulation Authority, and are covered by the Financial Services Compensation Scheme (FSCS).


The table below shows how we’ll share the interest generated on cash with your clients.

Earned interest rate             (per tier)

%of earned interest rate paid to customers (per tier)
0.00% - 1.00%No interest paid
From 1.00% - 1.50%50%
From 1.50% - 5.00%75%
Above 5.00%90%
 This table shows the rates of interest we have earned and paid:


Rate of interest earnedRate of interest paid
2022 Q10.02%0.02%
2022 Q20.05%0.05%
2022 Q31.80%0.48%
2022 Q42.81%1.23%
2023 Q13.55%1.79%
2023 Q24.28%2.34%
2023 Q34.93%2.82%
2023 Q45.14%3.00%
2024 Q15.18%3.04%

Getting in touch with us couldn't be easier

Are you interested in becoming a Nucleus user? Then simply click on the button below to contact one of our regional business development directors who'll be delighted to help. If you're an existing user, hit the button below to download your regional contact sheet.