• Cash ISA Fees
• Stock Investment Fees
• Individual Savings Account (ISA)/General Investment Account (GIA) Fees
• Money Market Fund ("Plum Interest") Fees
• Self-Invested Personal Pension (SIPP) Fees
CASH ISA FEES
We do not charge a fee for our Cash ISA product, which is available to Plum customers in the UK.
STOCK INVESTMENT FEES
CURRENCY CONVERSION FEE
Fee that we charge to facilitate the settlement of a transaction, dividends or other relevant cash distributions includes currency conversion rate we receive from our third party currency conversation provider and a mark-up for a total fee of 45 basis points (bps).
The relevant regulatory fees imposed by the SEC or FINRA will be charged to you even when we do not charge commission. As applicable, the SEC and the TAF fees are deducted in USD directly from your proceeds following a sell transaction.
REGULATORY FEES
Every time you sell your stocks, the SEC and FINRA charge fees on the sale. The SEC charges $8.00 for every $1,000,000 (or $0.000008 per dollar), and FINRA charges $145 for every 1,000,000 shares (or $0.000145 per share) sold up to a maximum of $7.27 per trade. The FINRA fee is also known as the TAF, or Trading Activity Fee.
The relevant regulatory fees imposed by the SEC or FINRA will be charged to you even when we do not charge commission.
You will only be charged for orders which are executed. Any fees charged in connection with your trades will be debited from your Plum Account.
The relevant fees for orders that have executed are available on the ‘trade confirm’ that is provided to you.
For additional details on Fees, please see Section 8 “Fees and Taxes” in Plum’s Stock Investments Terms and Conditions.
Individual Savings Account (ISA)/General Investment Account (GIA) Fees
Plum’s fees
A monthly subscription fee of £2.99 (or other depending on your Plum subscription plan) for access to the Plum ISA/GIA.
For GIA, the below only applies to funds held in a GIA. In the event you hold stocks in the Plum GIA the below fees are not applicable. For Fees for stocks held in a Plum GIA, please refer to the above section, ‘Stock Investment Fees’.Management Fee
An annual management fee is equal to 0.45% of the value of each of your ISA/GIA Platform Products. The fee is broken down as follows: 0.35% is the Plum ongoing administration charge and 0.10% is for the provision of custody services, levied by our custody provider.
Subscribers of the Plum Premium subscription plan benefit from a 0.30% Management Fee reimbursement, per calendar month where they have been a Plum Premium subscriber for the entire time period i.e. the calendar month. This benefit is given back as a reimbursement into the users’ Plum Primary pocket in the month following the calculation of the fee.Basis of calculation
The management fee for the Plum ISA/GIA is calculated daily and charged at the end of each month on the value of the investments held in each of your funds. .Any fees charged will be debited from your Plum Account.Fund Manager Fee
An annual fund fee ranging between 0.13% - 0.88% of the value of the fund. The fee is set by the provider of the Fund Manager (e.g. Vanguard) depending on the type of fund selected. For more details regarding the fund charges, please refer to the Key Investor Information Document ("KIID") for the relevant fund. You should read this document to make sure you are comfortable that it is right for you, including the fees that will apply.Other Activity based and Administration Charges
No administration, dealing or other activity based charges are payable to Plum except that there is a one-off administration charge of £25 per line of stock for an in-specie transfer of the investments in your GIA/ISAPlatform Product to another provider.
Total Investment Balance | Annualised Monthly Fee* (£2.99 / month or as per your plan eligibility) | Management Fee = (0.45% of assets) Fund Manager Fee** = (for basic funds - 0.22%) | Fee per year |
|---|
£500 | £35.88 | Management Fee = £2.25 Fund Manager Fee = £1.10 | £39.23 |
£1,000 | £35.88 | Management Fee = £4.50 Fund Manager Fee = £2.20 | £42.58 |
£5,000 | £35.88 | Management Fee = £22.50 Fund Manager Fee = £11.00 | £69.38 |
*Monthly Fee can differ depending on the Plum subscription plan
**Fund Manager Fee can differ depending on on the choice of fund
MONEY MARKET FUND ("PLUM INTEREST") FEES
Plum’s service charge fees
We waive any service charge fees for Premium subscribers, so they only pay the BlackRock fund manager fee (see below).
All other Plum customers (excluding Premium subscribers) will be charged a yearly service charge fee based on their subscription:
Plum Pro and Ultra subscribers are charged an annual service charge fee of 0.15% by Plum, based on the daily balance held in the fund.
Plum Basic customers, who do not have a subscription plan, are charged an annual service charge fee of 0.62% by Plum, based on the daily balance held in the fund.
Where applicable, this fee will be collected from your Primary Pocket on the first day of each calendar month.BlackRock’s fund manager fee
All customers, regardless of their subscription tier, will be charged a fund management fee of 0.10% by BlackRock.
The fund value is automatically updated to reflect BlackRock’s fee, so you won’t see it as a separate charge.
Annual Cost - Example of fees
This illustration shows example fees for different levels of investment, ranging from £500–£5,000.
Principal investment | Plum’s service fee for non-subscribers | Plum’s service fee for Pro & Ultra subscribers (waived for Premium plan) | BlackRock’s management fee | Total fees for non-subscribers | Total fees for subscribers |
|---|
£500 | £3.10 | £0.75 | £0.50 | £3.60 | £1.25 |
£1,000 | £6.20 | £1.50 | £1.00 | £7.20 | £2.50 |
£5,000 | £31.00 | £7.50 | £5.00 | £36.00 | £12.50 |
SIPP FEES
Management Fee
An annual management fee is equal to 0.45% of the value of each of your SIPP Platform Product. The fee is broken down as follows: 0.35% is the Product Provider ongoing administration charge and 0.10% is for the provision of custody services, levied by our custody provider.Basis of calculation
The management fee for the Plum SIPP is calculated daily and charged at the end of each month on the value of the investments held in your fund. Any fees charged will be debited from your Plum Account.
If for any reason this is not possible then the Plum Investment Terms and Conditions provide for payment of the fee by other methods.Fund Manager Fee
The fund manager of the funds you choose for your Plum SIPP will charge a fee for managing the fund. For more details regarding the fund charges, please refer to the Key Investor Information Document ("KIID") for the relevant fund. You should read this document to make sure you are comfortable that it is right for you, including the fees that will apply.
Annual Cost - Example of fees
This example shows the yearly total fees at different levels of investment.
Total Investment Balance | Management Fee = (0.45% of assets) Fund Manager Fee*** = (for basic funds - 0.22%) | Fee per Year |
|---|
£500 | Management Fee = £2.25 Fund Manager Fee = £1.10 | £3.35 |
£1,000 | Management Fee = £4.50 Fund Manager Fee = £2.20 | £6.75 |
£5,000 | Management Fee = £22.50 Fund Manager Fee = £11.00 | £33.50 |
***Fund Manager Fee can differ depending on on the choice of fund