To manage your account and money in a secure and regulated way, and provide everything that goes on behind the scenes, we’ll charge a monthly fee of £3.99 if your total balance is under £9,576, or 0.5% annually of your total balance if it’s £9,576 or more.
The fee is calculated daily and collected monthly. We'll collect the fee automatically from your Beach account, so no fees will be taken from your linked bank account.
You will also pay a fee within the investment itself. The easy access pot investment fee is 0.17%, and the pension pot fee is 0.23% per year of your investment value. This is a fee to the investment manager (not Beach), and is taken automatically from the fund itself, along with any transaction costs. Although unlikely, this fee could vary slightly.
As an example, if you had £10,000 saved, your annual fee would be £50 for the Beach account and £17-£23 for the pot fee.