Fee calculator

Annual Costs and Charges Report can be found on the 'Reports' page of your account.

If you are using the Web version you can find it by selecting 'More' on the top navigation bar and going to ‘Reports’. 

On mobile app, click the bottom right options button and go to ‘Reports’.

InvestEngine produces the Annual Costs and Charges Report once a year, providing investors with an overview of the costs and charges incurred during the previous year.

The report typically includes the following information:

• Management fees: The fees charged by InvestEngine for managing the investment portfolio.
• Fund charges: The expenses related to the underlying ETFs held within the portfolio (These are often referred to as fund TER%).
• Transaction costs: Costs associated with buying and selling securities within the portfolio. Typically with InvestEngine this may include the spread on Funds (the difference between the buy & sell prices).
• Other charges: Additional fees or expenses that may be applicable, such as account maintenance fees.

The report allows investors to understand the fees and expenses incurred when investing through InvestEngine. It helps investors make informed decisions by providing clear visibility into the costs involved in managing their investment portfolios.

The Total figure is simply sum of the costs & charges incurred by your portfolios, we then convert this into a percentage (%) figure by dividing it by your average balance for the reporting period.

Question: why are they occasionally very different?

The cumulative effect considers the impact these charges had on your portfolio performance in % terms. i.e. If your portfolio was up 10.0% over the year and your report shows a cumulative effect of charges as 0.50%. The portfolio would have been up 10.5% without these charges.

These figures can vary dramatically in certain scenarios ‑ where portfolio values have changed significantly over the course of the year.

The Annual Costs and Charges Report aims to transparently disclose the costs and charges associated with investing through the InvestEngine platform. It will include detail on any charges InvestEngine has taken along with fees & charges from the underlying Funds you invested in (charged indirectly by fund managers) and costs such as transaction spread which may have affected portfolio performance.

If you have any questions or concerns regarding the Annual Costs and Charges Report, it is advisable to reach out to InvestEngine’s support@investengine.com .They will be able to address your queries and provide any necessary clarifications.

No, the Annual Costs and Charges Report focuses on the costs and charges incurred during the previous year. It does not provide projections or estimates of future costs.

No, information about individual ETF costs is not included in the Annual Costs and Charges Report. The report provides the total cost on a weighted average basis across GIA & ISA accounts. However, clients can find details of each fund’s TER% on the ETF pages on the platform and the KIDD documents provided for each fund.

InvestEngine has a simple and transparent charging structure. You’ll also find it hard to beat!

The fee we charge depends solely on the portfolio type you choose — zero for a DIY Portfolio and just 0.25% a year for our Managed and LifePlan portfolios.

The ETFs in your portfolio have their own costs — low annual charges (built into the performance of the fund) and buy/sell market spreads — which InvestEngine makes nothing from.

And we have no account fees — whether your portfolio is in an ISA, General or Business Account (though with our Business Account, there may be a Legal Entity Identifier or LEI charge after your first year).

We do not charge for opening, closing or administering your account, or for withdrawals. There is no stamp duty on ETFs and all the ETFs available through InvestEngine are denominated in £s, so we do not charge an FX fee.

Please note: promotional bonuses may be clawed back from your withdrawal, as per the terms and conditions of the promotion, if you have not maintained the minimum contribution amount for the minimum required duration (this is not a fee).

Our management fees range from 0.15% to 0.25% per year. To make it easier to understand, this is quoted as an annual percentage but is collected from your account on a monthly basis.

For example, divide the annual rate of 0.25% by 12. This works out to approximately 0.021% per month. The fee is calculated daily based on the value of your portfolio and summed up at the end of the month. The total amount is then deducted in the following month.

For DIY Portfolios, no management fee is charged. However, please note that ETF‑related costs still apply to any securities in a DIY Portfolio.

Yes, VAT is included in our low annual management fee of 0.25%.

Market spread is the cost associated with buying and selling an ETF and it is the difference between the buy and the sell price for a given time.

Spread costs are factored into the buy and sell prices of each ETF by brokers and market makers that deliver and sell stock to fulfil our orders. The spread that they factor into the price depends on the market maker and the conditions of the market. InvestEngine does not add any amount to the spread and does not profit from the spread charged by our counterparties. We are unable to tell you how the spread is calculated since we have no part to play in how the spread is determined.

It is also important to note that some ETFs will be more liquid than others, the tighter the spread the more liquid the ETF tends to be.

The average impact of market spread for our portfolios is 0.07% a year.