Transact are again reducing their charges from 1 April 2017.
Here’s what’s changing:
· Annual Commission charge reducing from 0.31% to 0.30%
· Charging threshold of £150,000 reducing to £120,000.
These reductions mean that all clients with single or joint Portfolios over the value of £60,000 are set to see a reduction in their Transact charges.
As a monetary example, with both reductions considered, a Transact client with a Portfolio value of £120k is set to pay approximately £126 less per annum - a saving of over 25%.
New Annual Commission table from 1 April 2017:
|
Single or consolidated Portfolio(s) up to £120k |
||
|
|
Investments |
Cash |
|
£0-£60,000 |
0.50% |
0.45% |
|
> £60,000 - £120,000 |
0.30% |
0.29% |
|
|
||
|
Single or consolidated Portfolio(s) over £120k |
||
|
|
Investments |
Cash |
|
£0-£600,000 |
0.30% |
0.29% |
|
>£600,000- £1,200,000 |
0.20% |
0.18% |
|
On the remainder |
0.075% |
0.0675% |
For full details please see the Commissions and Charges Schedule, available on request or to download from Transact Online.
Value for money
Whilst reducing charges, Transact is proud to maintain their award-winning level of service. This means that you, and your clients, can continue to benefit from everything Transact has to offer - for less:
• No hidden fees – everything is transparent and up-front
• Innovative functionality – such as Investor Authorisation
• Wide range of Wrappers and investment options – including 3rd party options from
80+ Discretionary Investment Management and 100+ SIPP providers
• Direct access to the Technical Services team
• Fast and responsive platform – accessible via desktop or mobile device
• Monthly platform enhancements.
Transact can provide help and support should you wish to switch any clients to Transact.
To find out more:
Contact Sales Support on 020 7608 5350 or [email protected]
