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Now we get down to the big question… how much is this all going to cost? Well we hope that you’ll be pleasantly surprised. Please click on the section that you’re interested in: charges on your investment within an ISA Please note, the prices contained within the list of funds are correct at time of publishing, please re-check prices when you go to the Fidelity application form. Charges on your investment within an ISA When buying into a fund, many fund managers will charge what’s called an ‘Initial Charge’ for joining their fund. This charge will be a percentage of the total amount you invest in that particular fund. This amount will be deducted from your initial investment. All fund managers will also charge an ‘Annual Management Charge’ which is deducted from the value of the fund on an annual basis. The initial charges and annual management charge for holding your new investment within a stocks and shares ISA can be found in the list of funds next to the fund name. The good news... smile invest has negotiated special deals on almost all our funds, especially when you invest within a stocks and shares ISA. This means that many initial charges have been heavily discounted. Details of all the discounts can be found in the list of funds next to the fund name. Even better news... Some fund managers are extremely generous and don’t have any initial charge at all! All funds with 0% initial charges can be found in the list of funds. The good news... smile invest has negotiated special deals on almost all our portfolios. This means that many initial charges have been heavily discounted. Details of all the discounts can be found in the list of funds Charges on your investment outside an ISA When buying into a fund many fund managers will charge what is called an ‘Initial Charge’ for joining their fund. This charge will be a percentage of the total amount you invest into that particular fund. This amount will be deducted from your initial investment. Many fund managers will also charge an ‘Annual Management Charge’ which is deducted automatically from the value of the funds on an annual basis. To find out what the charges are for the funds you’re interested in, when you’re investing outside an ISA; you will need to load the Fidelity application form by clicking on the buy fund now link. Don’t worry through, this does not commit you to buying the fund and you can still close down the application at any time if you’re not happy. Charges for transferring your existing ISA When transferring into a fund many fund managers will charge what is called an ‘Initial Charge’ for joining their fund. This charge will be a percentage of the total amount you transfer into that particular fund. This amount will be deducted from your transferred investment. All fund managers will also charge an ‘Annual Management Charge’ which is deducted from the value of the fund on an annual basis. Be warned, in addition to these charges your existing ISA manager / provider may charge you an exit fee. To find out what the charges are for the funds you’re interested in when transferring your ISA you will need to load the Fidelity application form by clicking on the transfer your ISA link. Don’t worry through,, this does not commit you to transferring your ISA and you can still close down the application at any time if you’re not happy. The good news... smile invest has negotiated special deals on almost all our funds, especially when you invest within an ISA. This means that many initial charges have been heavily discounted Even better news... Many fund managers are extremely generous and don’t have any initial charge at all! Details of all discounts can be found by loading the Fidelity application form by clicking on the transfer your ISA link. Don’t worry through, this does not commit you to transferring your PEP and you can still close down the application at any time if you’re not happy. back to topCharges for switching funds within your smile invest funds investment Once you’re a smile invest customer you can switch the funds that you hold as often as you like. A specially reduced initial charge of 0.25% is available on many funds (or 0% should the fund have no initial charge anyway). To switch the funds you currently invest in, go to the Account Management tool. What commission does smile invest receive from the initial charge When you buy a fund you will pay an initial charge to Fidelity, which varies from fund to fund. smile invest receives a % commission from Fidelity (which again varies) on all initial charges for funds bought through smile invest funds supermarket. For example, if smile invest receives 0.5% commission on X fund, and you invested £1000 in X fund, Fidelity will pay smile invest £5 (.5% x £1000).
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