CAF Investment Account

CLEAR COSTS, COMPETITIVE CHARGES

We believe in keeping our pricing simple, so you can see exactly what you're paying for. Our interest and charges schedule is below.

The value of investments may fall as well as rise. You may not get back the full amount that you originally invested. Past performance is not a guide to future performance. There is no guarantee about the level of capital gains or income that will be generated.

HOW OUR PRICING WORKS

We’ve broken the costs down into three parts:

  • account fees
  • transaction charges
  • fund charges

Top tip

When choosing funds, make sure you understand the total cost of the fund which includes the initial charge, Annual Management Charge (AMC) and other costs.

ACCOUNT FEES

How we calculate your fee

We work out your annual account fees based on the value of your investment portfolio. They’re calculated on a monthly basis and charged to your account quarterly.

Up to £50,000 0.30%
Next £50,000 to £249,999 0.25%
Next £250,000 to £499,999 0.20%
Next £500,000 to £1,999,999 0.15%
Next £2,000,000 to £10,000,000 0.11%
 £10,000,000+ Negotiable

Try our handy calculator to see what your costs could be


If you invested , your account fees would be:

Overall fee percentage
Total account fees
We will pay Winterflood Business Services for the provision of the dealing and custody arrangements that underpin your CAF Investment Account. These charges will be paid by CFSL from the annual account fees collected on the basis described above.

TRANSACTION CHARGES

Each transaction you make has its own costs, which vary based on your investment type.

  • Funds - free - there are no transaction charges for buying and selling investment funds
  • Direct investment:
    • London Stock Exchange quoted equities, bonds and other investments - 0.05% per transaction (Minimum £5 - Maximum £500)
    • Overseas exchanges* quoted equities, bonds and other investments - 0.07% per transaction (Minimum £7 - Maximum £700)

* For a list of the available exchanges, see our FAQs

Example transaction charges

If you bought or sold 14 funds over a year; made three UK quoted equity trades of £10,000 each and one overseas equity trade of £25,000 then your transaction charges would be:

Fund transactionsFree
UK Equity trades (three trades at £10,000 per trade)£15
Overseas Equity trades (one trade at £25,000)£17.50
Total transaction charges£32.50

FUND CHARGES

Fund charges can sometimes be significantly cheaper through the CAF Investment Account than buying direct through a Fund Manager. However, it’s worth checking your existing charges before you make a decision as we can’t guarantee these will be lower.

Each Fund has its own specific charges, which are paid from the value of your investment in the Fund.

This example is for illustration purposes only and is not a recommendation of funds you should select.

 

*The charges applicable to each Fund available in the CAF Investment Account can be found on their factsheets.

**Source: Invesco Perpetual website, correct as at 29.06.16

 

Example fund charges

Let’s say you invested in one fund, for example the Invesco Perpetual Income Fund. Your fund charges over the first 12 months would be:

Initial charge

CAF Investment Account0%*
Direct with the Fund Manager5%**

Ongoing charge


CAF Investment Account0.91%*
Direct with the Fund Manager1.66%**
Total fund charges (Initial plus ongoing)

CAF Investment Account0.91%*
Direct with the Fund Manager6.66%*

EXAMPLE TOTAL FEES AND CHARGES

Based on this example, if you invested £300,000 the total charges within the first 12 months are made up of:

  CAF Investment Account   Directly from the Fund Manager
Account fee £750   £0
Transaction charges £0   Dependent on fund conditions
Initial fund charges £0   £15,000
Ongoing fund charges £2,730   £4,980
Total fees and charges £3,480 £19,980

ADMINISTRATION FEES

Other common options you may want to use and their fees are below.

  • There will be no charge for transferring in/out cash from/to UK bank accounts(s)
  • Returned cheques - £15
  • Transfers in:
    • If held electronically (eg via CREST) - Free
    • Per stock if held in certificated form - £15
  • Transfers out:
    • If transferred electronically (eg via CREST) - £15
    • Per stock if transferred into certificated form - £15
    • Charge passed on from registrar on rejection of a certificate - £15. If indemnity required WBS will pass the registrar indemnity fee on (typically £25 per certificate)
    • All transfers out of the WBS nominee will be subject to Stamp Duty or SDRT, unless an exemption applies and is advised prior to effecting the transfer
  • Charges for Foreign Exchange (FX):
    • Take the spot spread and widen by 50 basis points

These charges are debited to your CAF Investment Account.

READY TO GET STARTED?

Ready to sign up to the CAF Investment Account?

Contact our team

FREQUENTLY ASKED QUESTIONS

Who can apply for a CAF Investment Account?

Any organisation considered charitable by HMRC  can apply for a CAF Investment Account. This includes charities, Community Interest Companies and Community Land Trusts.

Which exchanges are available to trade on within the CAF Investment Account?

The CAF Investment Account allows you to trade on:

  • XLON, ISDX, XOTC United Kingdom
  • XWBO Austria
  • XBRU Belgium
  • XCSE Denmark
  • XHEL Finland
  • XPAR France
  • XBER Germany
  • XAMS Holland
  • XDUB Ireland
  • XMIL Italy
  • XOSL Norway
  • XLIS Portugal
  • XMCE Spain
  • XSTO Sweden
  • XSWX Switzerland
  • XNYS, XNAS, XOTC, XASE United States of America
  • XTSE, XTSX Canada

Should we speak to an independent financial advisor?

Different investments suit different investors; an independent financial adviser can assess your individual circumstances, give you an overview of your options, recommend the best route and provide ongoing support. To find one in your area, visit www.unbiased.co.uk.

Can’t find the answer to your pricing question?

Contact our team who are happy to help you.

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The CAF Investment Account is provided to you by CAF Financial Solutions Limited (CFSL) and is operated and supplied by Winterflood Business Services. Winterflood Business Services is a registered trading name of Winterflood Securities Limited, registered in England No. 02242204. Registered Office: The Atrium Building, Cannon Bridge House, 25 Dowgate Hill, London EC4R 2GA. Member of the London Stock Exchange and ISDX. Authorised and regulated by the Financial Conduct Authority (FCA register number 141455).

CAF Financial Solutions Limited (CFSL) is authorised and regulated by the Financial Conduct Authority. Registered office is 25 Kings Hill Avenue, Kings Hill, West Malling, Kent ME19 4TA. CFSL is a subsidiary of Charities Aid Foundation (registered charity number 268369).