Our fees and charges | Vanguard UK Investor

Our fees by account type

No hidden charges, no nasty surprises

When you open or transfer a Stocks and Shares ISA, you choose if you want to manage your account or for us to manage it for you.

Self-managed

You choose and manage your investments.

	Under £32,000	£32,000 and over
Account fee Pays for our operational costs, such as customer support.	£4 a month (£48 a year)	0.15% a year (max £375 a year)
Fund management cost Specific to each fund they cover day-to-day running costs, such as dealing costs and taxes.	0.06% to 0.79%	0.06% to 0.79%

These examples are only to give you an indication. We have shown average fund management fees, which may vary depending on your portfolio.

Self-managed ISA – terms and conditions

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Costs and charges (self-managed service)

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Managed

We choose and manage your investments for you. We charge a management fee for this service.

		Any balance
Account fee Pays for our operational costs, such as customer support.		0.15% a year (max £375 a year)
Fund management cost Specific to each fund they cover day-to-day running costs, such as dealing costs and taxes.		0.17% on average (depends on your portfolio)
Management fee Covers the cost of managing your investments.		0.20%

These examples are only to give you an indication. We have shown average fund management fees, which may vary depending on your portfolio.

Managed ISA – terms and conditions

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Costs and charges (Managed Service)

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Important to know

The account fee is only charged on invested money. Any cash in your account is not charged.

What you pay in fund management fees depends on the funds you’re invested in.

How much is my account fee if I have...

An ISA and a Personal Pension (both self-managed)

A Managed ISA and a self-managed account

It depends on what your total invested balance is across all your accounts:

under £32,000 
£4 a month, £48 a year in total
£32,000 or more 
0.15% a year, capped at £375

You only pay 1 account fee even if you have more than 1 account. It is charged in proportion to the invested balance in each account.

The total cost of investing also includes fund management costs and the management fee for your Managed ISA.

A Managed ISA and a Junior ISA

Our chatbot can you help you understand the changes based on the accounts you hold.

Open the chatbot and type 'fees' to get started.

Your questions answered:

Our fees explained

Account fee

Funds management costs

Transaction costs

In managing a fund we need to buy and sell shares or bonds, which means we have to pay things like dealing costs and taxes. We keep these costs as low as possible by using our size and experience, but it'll still affect the return you get from a fund.

Ongoing costs including Ongoing Charges Figure (OCF)

This fee covers our management of the fund you invest in. It pays for day-to-day management costs and admin expenses.

One-off costs

When you invest in an ETF you'll incur a one-off cost due to something called the "bid-offer spread". This is because an ETF trades like a share in that there is an offer price (the price you can buy an ETF for) and a bid price (the price you sell the ETF for). The difference between the bid and the offer price is called "the spread".

Management fee (for our Managed service only)

Understanding how you'll pay

How do I pay fund management costs?

How do I pay the account fee?

Your account fee is due every 3 months from the day you opened your account.

There are 2 ways you can pay it:

Direct Debit (for your account fee)
with available cash in your account

Direct Debit for your account fee

A Direct Debit for your account fee is a separate payment from a Direct Debit for investments.

Learn how to set up a Direct Debit for your account fee

Available cash in your account

Available cash in your account is money you can use now. Cash might not be available, if, for example, it's waiting to clear.

If you do not have a Direct Debit set up for your account fee, it will be deducted from available cash in all your accounts, in proportion to their invested balances.

Say, for example, you have £5,000 in a General Account and £5,000 in an ISA. We’ll take half from one account and half from the other.

Learn how to add cash to your account

Selling units to cover your fee

If you do not have a Direct Debit set up for your account fee, and there's not enough available cash in your accounts, we’ll sell units from your funds to cover the fee. We'll start with your largest mutual fund.

You’ll have less money invested, so you could miss out on gains. It could be better for you to pay your fees by Direct Debit.

How do I pay the management fee?

There are no charges for:

Transferring out

Switching funds

Withdrawing money

Closing your account

Fund entry charge

Fund exit charge

Performance of funds

Cash balances

Other fees

Exchange Traded Funds (ETF) costs

One-off costs		0.01% to 0.26%
Quote and deal service (optional)		£7.50 per trade

Small numbers can make a big difference

Even a small difference in fees could have a huge impact on your future wealth. Especially in the long term, through the effects of compounding. Lower fees mean you keep more of your returns.

Learn about compounding