Preferences - Default Account Fees

Fees, if applicable, are deducted from capital growth. This is why we break fees out into a separate setting in Plan Settings, on the Fees & Taxation panel.



The default Investment Fees that you see on the Preferences > Investment Fees panel are just that, defaults, which will be applied initially based on account type unless you edit fees at the account level on the individual investment level. Example Below. 

Note: Account level settings always take precedence over plan defaults and once edited will remain so, even if you make further changes in Preferences. For example, if my default fee for taxable accounts is set to 0.5% (per annum) in Preferences, but I have a particular unwrapped investment that has fees that exceed this default, at 1% pa, I would simply go to the Investments screen, select the unwrapped investment, expand the Growth and Yield panel and change the Fees on the account to 1%. This 1% pa in fees will remain so for this account even if I make changes to the plan defaults.


What types of accounts are in each asset category?

The general asset categories are as follows.

Savings include all of the account types found on the Savings screen including Cash/Junior ISAs. 

Tax Free assets include:

- Stock Market ISAs 
- VC Trusts 
- Enterprise Investment Schemes 
- Charitable Trusts

Tax Deferred assets include:

- Pensions 
- Life Funds (Onshore, Offshore)

Taxable assets include:

- Unwrapped Investments
- Other Trusts 
- Offshore Taxable investments

Why haven't the changes I have made to the Plan Preferences Saving Growth Rates and Fees updated on the actual plan?

It may be that you've edited these at the account level which, once edited, will remain changed.

However, if you want to revert the account to use the defaults from Plan Preferences, try selecting the account and then under Advanced Settings > Growth, select and clear the entries, leaving them null.

Once you click save it should revert to the defaults from plan preferences or if you are in a what-if plan, it will first revert to the default values from the base plan.

If you are working in a what-if scenario and the account in the base plan uses a value different from those in your preferences, you may need to clear and update the account twice to get settings from the plan preferences.


Note: As a subscription manager or owner you do have the ability to set defaults for all users in your subscription. How to set custom plan settings for your subscription.