Charges and interest rates

This charges and interest rates schedule forms part of the Touch Terms and Conditions. Effective from the 20th of June 2025.

Charges

Description	Charge	Notes
Custody charge	ISA – 0.20%	Calculated and accrued daily, based on all non-cash assets held in your account, including any movements in and out at their mid-market value. The charges will normally be collected from your cash balance within 20 business days of the end of each calendar month.
	GIA – 0.20%
	RIA – 0.25%
Transfers in or out	Nil	No charges apply for transferring cash or assets into or out of your accounts.
Dealing	Nil	We will not apply any charges, duties or levies to any asset purchases or sales. Also see important note 1.

Important notes

The investment provider that runs your assets may directly impose their own management and administration charges, including:

• initial fund charges
• ongoing fund charges
• trading charge/transaction costs
• incidental charges (which may include a dilution levy)

1. Your investment proposal, summary documents, quarterly statements and annual statements include detailed information on these costs and charges.
2. If there isn’t enough cash available to pay our charges when we attempt to collect them, we’ll sell assets proportionally across your portfolio to raise the required money as explained in section 7 of our Terms and Conditions.
3. Bank charges may apply if a regular payment, for example a Direct Debit, is rejected due to lack of funds
4. We will not normally charge for work undertaken for splitting or sharing of assets on divorce, or payment of benefits on death, but we reserve the right to charge for complex cases on a time/cost basis. If we determine a charge is payable, we will write to you, or your legal personal representatives, as soon as is practicable to provide details.

Interest rates

When you’re comparing charges between different providers, you should also compare the interest rates they pay on cash – particularly if you intend to hold significant sums in cash. The level of interest paid will depend on market interest rates and the amount you choose to hold in cash.

The table below shows the interest rates that we’ll pay on cash held in your ISA, GIA or Retirement Investment Account from 1 July 2025. Please note that interest will be calculated based on the balance in each of these accounts and paid separately to each account.

Cash balance tier	Gross interest rate for tier	AER for tier
£0 to £10,000	1.70%	1.71%
Between £10,000 and £50,000	1.80%	1.81%
Above £50,000	2.60%	2.63%

The following table includes illustrative examples of the interest that would be payable on different cash balances:

Example account balance	Total interest received in a quarter	Gross blended interest rate received	AER
£5,000	£21.20	1.70%	1.71%
£25,000	£109.70	1.76%	1.77%
£55,000	£254.31	1.85%	1.87%

Important notes

• The interest rates shown above apply from 1 July 2025. Details of our historic interest rates can be found at the end of this page
• The amount of interest payable will be calculated based on 365 days in a year and the actual number of days in the relevant quarter. In the examples shown in the table above, the quarter has 91 days and the calculations assume that the cash balance does not change throughout the quarter
• Each interest rate shown in the first table above is only used to calculate interest on money held in that tier and not interest on the full account balance. Total interest paid will be a blended rate depending on the money held in each tiers, as shown in the examples in the second table
• If you ask us to transfer or close an account during the quarter, we’ll pay interest on any cash held in that account from the start of the quarter up to the date we close your account
• Interest will be calculated separately on the balance held in each separate RIA, ISA and GIA account. It will not be calculated on the aggregate balance you hold across all accounts. Interest is not payable on cash before we allocate it to your RIA. ISA or GIA account as applicable, for example while it is held in your Platform Cash Account
• Interest rates are subject to variation and interest is paid to your account within 10 business days of the end of each quarter
• There are no routine bank transaction charges and interest is paid to your account without any deduction of tax
• The Annual Equivalent Rate (AER) represents the annual rate effectively received by your account if all the interest paid at the gross rate during a full year remained in the account and itself earned interest

AJ Bell receives payments from banks based on the aggregate cash balances held across all accounts. The amount we receive will vary depending on the total cash balances held and market interest rates. Over the foreseeable future, we expect to receive between 1.15% below and 0.50% above the Bank of England base rate for cash held in a Retirement Investment Account and between 0.10% below and 0.15% above the Bank of England base rate for cash held within an ISA or GIA account, although it may be higher or lower than this during periods of sustained base rate changes. These payments are used to pay interest at the rates shown above, and we retain the amount received above these rates to keep our custody charges low.

There isn’t currently any requirement for you to hold a minimum amount in cash, although you and your adviser must always ensure there’s enough cash to cover our charges, adviser charges and any other payments when they are due.

If you don’t want to receive interest payments on your cash balances (for example for reasons of faith) please email us at enquiry@ajbelltouch.co.uk

Adviser charges - amount agreed between you and your adviser

We collect all adviser charges as your adviser’s agent and hold them in a corporate bank account until payment, where they are no longer treated as client money. You can pay your adviser charges directly from your Account or you can make separate arrangements to pay your adviser charges directly. Payment of your adviser’s charges may be delayed if insufficient cash is available.

Initial adviser charge

Charges relating to deposits will be deducted from your Account within 5 business days of allocation to your Account.

Charges relating to transfers will be deducted from your Account within 5 business days of completion.

Ad-hoc adviser charges

Deducted from your Account within 5 business days from your agreement to a one off or a new charge with your adviser.

Ongoing adviser charges

Charges payable to your adviser are calculated daily based on the cash and investments held in your Account. These charges, calculated as a percentage of your investments, may increase as your investments grow.

This charge (accumulated daily) will normally be collected within 20 business days of the end of each calendar month and is deducted from your cash balance as a single monthly payment.

Historic interest rates

The tables below show the historic interest rates paid on cash held in your accounts.

Interest rates applicable before 1 July 2025

Cash balance tier	Gross interest rate for tier	AER for tier
All	0.00%	0.00%