Charges and interest rates

For full details of charges please consult the Wrap charges guide for advisers and Terms and Conditions documents which you can find in the Wrap literature section.

Charges for platform eligible assets

Ongoing annual platform charges for all products

Platform eligible assets Platform charges at each band
On the first £0 - £249,999.99 0.35%
On the next £250,000 - £749,999.99 0.25%
On the next £750,000 - £999,999.99 0.15%
On the balance above £1,000,000 0.10%

Ongoing annual platform administration charges

Firm Platform Eligible Assets on Standard Life Wrap SIPP International Portfolio Bond and Onshore Bond
< £20m 0.05% 0.15%
£20m - £75m 0.05% 0.05%
> £75m 0.00% 0.00%

Interest rates and Cash Management Administration Charge

We apply a Cash Management Administration Charge (CMAC) on the various cash accounts held within your client’s Wrap account. These charges represent the difference between the total interest we receive from the bank(s) used to provide these accounts and any interest payable to your client. The charges and interest rates vary depending on the interest received from the bank(s) and may go up and down regularly. We currently choose to charge less than our maximum 1.75% as follows:

 Interest rates and Cash Management Administration Charge

ProductCurrent interest rate*CMAC applied**
Tax deducted
Wrap cash account 0.00% 0.08% Yes
Wrap Cash ISA 0.00% 0.08% No
Wrap Stocks & Shares ISA (cash component) 0.00% 0.08% No
Wrap Personal Portfolio cash account 0.00% 0.08% Yes
Wrap SIPP cash account 0.00% 0.13% No
Wrap International Portfolio Bond cash account 0.00% 0.13% No

*The annual gross interest rates we currently pay
**The CMAC rates stated are example annual rates based on the interest rates received from the bank(s) used to provide these accounts as at 23/03/2020, and assuming a Bank of England Base Rate of 0.10%.

Charges are not guaranteed and can change in the future

Platform and product administration charge

The platform and product administration charge are based on the platform eligible assets in your client’s Wrap account. Platform eligible assets are:

  • Cash in your client’s cash accounts (including Wrap cash account)
  • All investments in your client’s wrap account (with the exception of listed securities in your client’s Wrap SIPP) held and/or managed on the platform, including investments in a managed portfolio

The product administration charge only applies to the SIPP, International Portfolio Bond and Onshore Bond.

Family terms

Your client may qualify for family terms which is a lower platform charge. It is based on the value of platform eligible assets in your client's Wrap account and the Wrap accounts of their spouse, civil partner or close family.