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Fund charges
Halifax and Independently Managed fund charges after your plans 20th anniversary.
The Yearly Management Charge (YMC) is the basic charge for any fund you're invested in through your PIP. You may then receive reductions to the YMC. We apply any reductions you receive by adding extra units to your plan on 31st December each year.
This has the effect of reducing the YMC you pay. The YMC you pay after reductions, is called the effective YMC.
You can use the table below, to find the effective YMC for each fund you’re invested in, if:
- your plan has passed its 20th anniversary, and
- you’re invested in our Halifax or Independently Managed funds.
If you're invested in our Scottish Widows funds, please check the base YMC charge, along with any reductions you receive to check the effective YMC you'll pay. Or you can call us.
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Halifax managed fund information Fund Name
Total Payment(s) made to plan
Effective YMC from 20th anniversary of your PIP after any reductions are applied
Effective YMC from 20th anniversary of your PIP after any reductions are applied
Fund Name
Total Payment(s) made to plan
Effective YMC from 20th anniversary of your PIP after any reductions are applied
For plans taken out on or before 7 September 2008
Effective YMC from 20th anniversary of your PIP after any reductions are applied
For plans taken out after 7 September 2008
Fund Name
Cautious Managed Fund
Total Payment(s) made to plan
Less than £30,000
£30,000 to £124,999.99
£125,000 to £499,999.99
£500,000 plus
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.00%
0.90%
0.85%
0.65%
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.00%
0.90%
0.85%
0.80%
Fund Name
Ethical Fund
Total Payment(s) made to plan
Less than £30,000
£30,000 to £124,999.99
£125,000 to £499,999.99
£500,000 plus
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.25%
1.00%
0.90%
0.65%
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.25%
1.00%
1.00%
0.80%
Fund Name
European Fund
Total Payment(s) made to plan
Less than £30,000
£30,000 to £124,999.99
£125,000 to £499,999.99
£500,000 plus
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.05%
0.95%
0.85%
0.60%
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.05%
0.95%
0.90%
0.75%
Fund Name
Far Eastern Fund
Total Payment(s) made to plan
Less than £30,000
£30,000 to £124,999.99
£125,000 to £499,999.99
£500,000 plus
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.05%
0.95%
0.85%
0.60%
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.05%
0.95%
0.90%
0.75%
Fund Name
Gilt and Fixed Interest Fund
Total Payment(s) made to plan
Less than £30,000
£30,000 to £124,999.99
£125,000 to £499,999.99
£500,000 plus
Effective YMC from 20th anniversary of your PIP after any reductions are applied
0.90%
0.80%
0.75%
0.65%
Effective YMC from 20th anniversary of your PIP after any reductions are applied
0.90%
0.80%
0.75%
0.70%
Fund Name
High Income Fund
Total Payment(s) made to plan
Less than £30,000
£30,000 to £124,999.99
£125,000 to £499,999.99
£500,000 plus
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.05%
0.95%
0.85%
0.60%
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.05%
0.95%
0.90%
0.75%
Fund Name
Index Linked Gilt Fund
Total Payment(s) made to plan
Less than £30,000
£30,000 to £124,999.99
£125,000 to £499,999.99
£500,000 plus
Effective YMC from 20th anniversary of your PIP after any reductions are applied
0.90%
0.80%
0.75%
0.65%
Effective YMC from 20th anniversary of your PIP after any reductions are applied
0.90%
0.80%
0.75%
0.70%
Fund Name
International Growth Fund
Total Payment(s) made to plan
Less than £30,000
£30,000 to £124,999.99
£125,000 to £499,999.99
£500,000 plus
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.05%
0.95%
0.85%
0.60%
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.05%
0.95%
0.90%
0.75%
Fund Name
Investment Trusts Fund
Total Payment(s) made to plan
Less than £30,000
£30,000 to £124,999.99
£125,000 to £499,999.99
£500,000 plus
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.25%
1.00%
0.90%
0.65%
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.25%
1.00%
1.00%
0.80%
Fund Name
Japanese Fund
Total Payment(s) made to plan
Less than £30,000
£30,000 to £124,999.99
£125,000 to £499,999.99
£500,000 plus
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.05%
0.95%
0.85%
0.60%
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.05%
0.95%
0.90%
0.75%
Fund Name
Managed Fund
Total Payment(s) made to plan
Less than £30,000
£30,000 to £124,999.99
£125,000 to £499,999.99
£500,000 plus
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.05%
0.95%
0.85%
0.60%
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.05%
0.95%
0.90%
0.75%
Fund Name
Managed Income Fund
Total Payment(s) made to plan
Less than £30,000
£30,000 to £124,999.99
£125,000 to £499,999.99
£500,000 plus
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.05%
0.95%
0.75%
0.50%
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.05%
0.95%
0.85%
0.65%
Fund Name
Money Fund
Total Payment(s) made to plan
Less than £30,000
£30,000 to £124,999.99
£125,000 to £499,999.99
£500,000 plus
Effective YMC from 20th anniversary of your PIP after any reductions are applied
0.85%
0.75%
0.70%
0.65%
Effective YMC from 20th anniversary of your PIP after any reductions are applied
0.85%
0.75%
0.70%
0.65%
Fund Name
North American Fund
Total Payment(s) made to plan
Less than £30,000
£30,000 to £124,999.99
£125,000 to £499,999.99
£500,000 plus
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.05%
0.95%
0.85%
0.60%
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.05%
0.95%
0.90%
0.75%
Fund Name
Pelican Fund
Total Payment(s) made to plan
Less than £30,000
£30,000 to £124,999.99
£125,000 to £499,999.99
£500,000 plus
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.05%
0.95%
0.85%
0.60%
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.05%
0.95%
0.90%
0.75%
Fund Name
Property Fund
Total Payment(s) made to plan
Less than £30,000
£30,000 to £124,999.99
£125,000 to £499,999.99
£500,000 plus
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.25%
1.00%
0.90%
0.65%
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.25%
1.00%
1.00%
0.80%
Fund Name
Smaller Companies Fund
Total Payment(s) made to plan
Less than £30,000
£30,000 to £124,999.99
£125,000 to £499,999.99
£500,000 plus
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.25%
1.00%
0.90%
0.65%
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.25%
1.00%
1.00%
0.80%
Fund Name
Special Situations Fund
Total Payment(s) made to plan
Less than £30,000
£30,000 to £124,999.99
£125,000 to £499,999.99
£500,000 plus
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.25%
1.00%
0.90%
0.65%
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.25%
1.00%
1.00%
0.80%
Fund Name
UK FTSE 100 Fund
Total Payment(s) made to plan
Less than £30,000
£30,000 to £124,999.99
£125,000 to £499,999.99
£500,000 plus
Effective YMC from 20th anniversary of your PIP after any reductions are applied
0.85%
0.75%
0.50%
0.25%
Effective YMC from 20th anniversary of your PIP after any reductions are applied
0.85%
0.75%
0.60%
0.40%
Fund Name
UK FTSE All Share Fund
Total Payment(s) made to plan
Less than £30,000
£30,000 to £124,999.99
£125,000 to £499,999.99
£500,000 plus
Effective YMC from 20th anniversary of your PIP after any reductions are applied
0.85%
0.75%
0.50%
0.25%
Effective YMC from 20th anniversary of your PIP after any reductions are applied
0.85%
0.75%
0.60%
0.40%
Based on fund charges as at April 2023.
We don't take movements in the value of your plan into account when calculating the level of reduction in the Yearly Management Charge.
-
Independently managed fund information Fund Name
Total Payment(s) made to plan
Effective YMC from 20th anniversary of your PIP after any reductions are applied
Effective YMC from 20th anniversary of your PIP after any reductions are applied
Fund Name
Total Payment(s) made to plan
Effective YMC from 20th anniversary of your PIP after any reductions are applied
For plans taken out on or before 7 September 2008
Effective YMC from 20th anniversary of your PIP after any reductions are applied
For plans taken out after 7 September 2008
Fund Name
Independently Managed European Fund
Total Payment(s) made to plan
Less than £30,000
£30,000 to £124,999.99
£125,000 to £499,999.99
£500,000 plus
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.25%
1.15%
1.10%
1.00%
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.25%
1.15%
1.10%
1.05%
Fund Name
Independently Managed Far Eastern Fund
Total Payment(s) made to plan
Less than £30,000
£30,000 to £124,999.99
£125,000 to £499,999.99
£500,000 plus
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.25%
1.15%
1.10%
1.00%
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.25%
1.15%
1.10%
1.05%
Fund Name
Independently Managed Gilt and Fixed Interest Fund
Total Payment(s) made to plan
Less than £30,000
£30,000 to £124,999.99
£125,000 to £499,999.99
£500,000 plus
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.25%
1.15%
1.10%
0.95%
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.25%
1.15%
1.10%
1.05%
Fund Name
Independently Managed International Growth Fund
Total Payment(s) made to plan
Less than £30,000
£30,000 to £124,999.99
£125,000 to £499,999.99
£500,000 plus
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.25%
1.15%
1.10%
1.00%
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.25%
1.15%
1.10%
1.05%
Fund Name
Independently Managed North American Fund
Total Payment(s) made to plan
Less than £30,000
£30,000 to £124,999.99
£125,000 to £499,999.99
£500,000 plus
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.25%
1.15%
1.10%
0.95%
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.25%
1.15%
1.10%
1.05%
Fund Name
Independently Managed Opportunities Fund
Total Payment(s) made to plan
Less than £30,000
£30,000 to £124,999.99
£125,000 to £499,999.99
£500,000 plus
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.25%
1.15%
1.10%
1.00%
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.25%
1.15%
1.10%
1.05%
Fund Name
Independently Managed Smaller Companies Fund
Total Payment(s) made to plan
Less than £30,000
£30,000 to £124,999.99
£125,000 to £499,999.99
£500,000 plus
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.25%
1.15%
1.10%
0.95%
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.25%
1.15%
1.10%
1.05%
Fund Name
Independently Managed UK Equity Income Fund
Total Payment(s) made to plan
Less than £30,000
£30,000 to £124,999.99
£125,000 to £499,999.99
£500,000 plus
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.25%
1.15%
1.10%
1.00%
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.25%
1.15%
1.10%
1.00%
Fund Name
Independently Managed UK Growth Fund
Total Payment(s) made to plan
Less than £30,000
£30,000 to £124,999.99
£125,000 to £499,999.99
£500,000 plus
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.25%
1.15%
1.10%
0.95%
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.25%
1.15%
1.10%
1.05%
Fund Name
Independently Managed UK Index Fund
Total Payment(s) made to plan
Less than £30,000
£30,000 to £124,999.99
£125,000 to £499,999.99
£500,000 plus
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.25%
1.15%
1.10%
1.00%
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.25%
1.15%
1.10%
1.05%
Based on fund charges as at April 2023.
We don't take movements in the value of your plan into account when calculating the level of reduction in the Yearly Management Charge.