Charges

Below is a full list of fees that you agree to pay to Willis Owen when holding your investments on the Willis Owen platform. The fees shown are inclusive of VAT where applicable.

Service fee ISA/GIA

Tier
ISA
GIA
£0 - £50,000
0.40%
0.40%
£50,001 - £100,000
0.30%
0.30%
£100,001 - £250,000
0.20%
0.20%
£250,000 +
0.15%
0.15%

These costs are for each tiered rate of your overall ISA and GIA balances. So, on the first £50,000 invested in your ISA or GIA or your combined ISA and GIA, you pay 0.40%, which equates to £200 per annum, then for the next £50,000 you pay 0.30%, which equates to £150 per annum and so on.

Service fee Junior ISA

Tier
Junior ISA
£0 - £50,000
0.40%
£50,001 - £100,000
0.30%
£100,001 - £250,000
0.20%
£250,000 +
0.15%

These costs are for each tiered rate of your Junior ISA only.

Service fee SIPP

Tier
SIPP
£0 - £50,000
0.60%
£50,001 - £100,000
0.40%
£100,001 - £250,000
0.25%
£250,000 +
0.15%

These costs are for each tiered rate of your SIPP only. So, on the first £50,000 invested, you pay 0.60%, which equates to £300 per annum, then for the next £50,000 you pay 0.40%, which equates to £200 per annum and so on.

If you invested £120,000 split equally between an ISA and a SIPP you would pay 0.38% for the ISA which equates to £228 per annum and 0.57% for the SIPP which equates to £340 per annum.

Tier and fee calculations are based on Funds, Shares, Investment Trusts, ETFs and Cash balances.

Trade fees - buying and selling

Investment Options
Single Transaction
Regular Saving
Funds
no fee
no fee
Shares
£7.50
n/a
Investment Trusts
£7.50
n/a
ETFs
£7.50
n/a

Government levies

Levy
Rate
UK Stamp Duty *
0.50%
PTM levy **
£1.00

* UK Share purchases
** UK Share deals over £10,000

SIPP

Levy
Rate
Drawdown fee
£132

Transfer fees

Levy
Rate
Transfer in
£0
Transfer out
£0

Interest

All products

Embark receives interest at a rate of 0.40% which is currently passed on in full to customers. The Terms and Conditions allow for some or all of this interest received to be retained by Embark.

Timing of fees

All fees will be charged against the relevant transactions apart from:

  • Service fee - charged as 1/12th of the relevant annual percentage each month based on the value of your Account calculated each day.
  • SIPP drawdown fee - charged each time you designate Funds to a drawdown arrangement.

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