CIRCA5000 Personal Pension Fee
We charge the following fee to have a CIRCA5000 Personal Pension:
Platform Fee of 0.7% p.a. of the balance of your account, calculated monthly and subject to a minimum monthly charge of £5.
This fee is taken from the cash allocation of your account on the 10th of each month, so the balance you see in the app will always be net of CIRCA5000 and external ETF fees.
If there isn't enough cash available to pay your fee, then we'll sell enough to clear the fee from the ETF in which you have the most shares.
Pension Transfer Fees
We do not charge any fees to transfer a pension held elsehwere into your CIRCA5000 pension.
A transfer out fee will be incurred only if you transfer your CIRCA5000 pension to another provider within 12 months of transferring in one or more external pensions to CIRCA5000.
The transfer out fee incurred will be £30 per pension you transferred in, within the preceding 12 months.
We will sell investments in your CIRCA5000 pension in order to satisfy the transfer out fee before processing any transfer out. We need to make this charge to cover the costs, usually absorbed by us, of the pensions you transferred in.