The primary Foresters Financial charge is an annual management charge of 1.5% of the ISA value. This charge covers the cost of looking after your investments.
Understanding the Foresters Financial Fee Structure
Foresters Financial aims to keep its investment charges straightforward for clients. The core fee is an annual management charge, which is calculated as a percentage of your investment's value within an ISA. This percentage is applied annually to ensure the ongoing management and maintenance of your savings.
The charge specifically mentioned relates to ISA accounts, such as those that mature from a Child Trust Fund at age 18 and are reinvested.
Key Aspects of Foresters Financial Charges:
- Annual Management Charge: This is the main charge, set at 1.5% of the ISA value. It is designed to cover the administrative and management costs associated with your investment.
- No Other Fees: A significant benefit highlighted by Foresters Financial is the absence of additional charges for common transactions. This means you will not incur costs for:
- Withdrawals: There is no fee when you choose to withdraw funds from your investment.
- Exits: You will not be charged for closing your account or exiting your investment.
- Changes: Making modifications or changes to your investment arrangements does not incur extra fees.
This transparent fee structure is intended to make it simple for investors to understand the costs associated with their savings.
| Charge Type | Amount | Notes |
|---|---|---|
| Annual Management Charge | 1.5% | Applied annually to the total value of your ISA investment. |
| Withdrawal Fee | £0 | No cost for taking money out. |
| Exit Fee | £0 | No cost for closing your account. |
| Change Fee | £0 | No cost for making adjustments or changes to your investment. |
For more details on their savings and investment products, you can visit the Foresters Financial UK website.
