What are the investment charges?
Before making an investment, it’s important that you know what charges you can expect to pay.
These apply to any investment you make in your SIPP, Stocks & Shares ISA and Investment Account.
Importantly, there's no charge for opening these with us, or for transferring any investments to us from elsewhere. You may be charged by your existing provider for leaving them.
However, once your investment with us is up and running, you can expect to pay the relevant charges shown below.
Aviva Charge
This is our annual charge for holding any investment funds that you’ve picked from our selection of ready-made funds, our experts' shortlist or our full fund list. Read more about these funds options. It also applies to any money in your cash account – more on that below. It’s never more than 0.40% per year.
The exact amount you pay is based on the total value of fund investments you hold through our Aviva Wealth platform, which combines our SIPP, Stocks & Shares ISA and Investment Account.
So, if you had £40,000 in our Stocks & Shares ISA, and another £60,000 in our SIPP, your total invested value would be £100,000.
The more money you invest, the more we'll reward you with a lower percentage charge to pay overall, as shown:
| Invested value | Annual Aviva Charge |
|---|---|
| First £50,000 | 0.40% |
| Next £200,000 | 0.35% |
| Next £250,000 | 0.25% |
| Amount above £500,000 | 0% |
This means that if you invested £100,000 with us, the first £50,000 would have an Aviva Charge of 0.40% and the next £50,000 would have an Aviva Charge of 0.35%. So, it may make sense to bring investments together under one roof.
Aviva Share Charge
Set at 0.40%, this Aviva Share Charge is our annual charge for holding these types of exchange traded investments:
- UK shares
- exchange traded funds (ETFs)
- investment trusts
The Aviva Share Charge is capped at:
- £120 a year for our SIPP
- £45 a year for our Stocks & Shares ISA or Investment Account
Fund Manager Charge
Each fund has an individual management charge which can be found in the Key Investor Information Document and appears as an ongoing charges figure (OCF) on your statement.
An illustration based on investing £10,000, split between £8,000 in funds and £2,000 in shares. You'd pay an Aviva Charge of 0.40% (£32) and a Fund Manager Charge of 0.35% (£28), plus an Aviva Share Charge of 0.40% (£8), giving a total annual charge of £68. It only gives an idea of ongoing charges, and not any initial costs such as trading charges for shares.
The 0.35% Fund Manager Charge shown in the illustration above is an example. The actual Fund Manager Charge will depend on the funds you choose and could be higher.
Performance fee
Although more common with investment trusts, some investments also charge a performance fee which varies depending on how well a fund performs. This fee can be found in the Key Investment Information Document, which you can see when choosing your funds.
Trading Charge
We charge a flat fee of £7.50 for each trade in shares, exchange traded funds or investment trusts, regardless of value. We won't charge you for buying or selling investment funds.
Other charges to be aware of
UK Stamp Duty Reserve Tax (0.5%) paid on the purchase of most UK shares online - it's automatically deducted and paid to HMRC.
The Panel on Takeovers and Mergers Levy £1.50 on trades over £10,000 - it's taken automatically and paid to the Takeover Panel. The Panel's role is to ensure all shareholders are treated equally during takeover bids.
Your cash account
You’ll have a cash account as part of your SIPP, Stocks & Shares ISA or Investment Account. It’s where you’ll transfer money ready to be invested, and it’s where any money will go once you sell any investments. The Aviva Charge will apply to any money you hold here, as well as your fund investments.
Your cash account is also used to pay the annual Aviva Charge and Aviva Share Charge on your investments. If there’s not enough in your cash account to cover the charge, it will come from your fund investments instead.
Interest in your cash account is at our variable rate and may be positive, zero or negative. If the interest added is less than the charges taken out, the amount in your cash account will go down. Find out more in our interest rate factsheet (PDF 60 KB).
Investment charges FAQs
What will my exact charge be?
Which investment products count when calculating my total Aviva Charge?
How is the Aviva Charge and Aviva Share Charge calculated and paid?
How is the Fund Manager Charge paid?
How is the Trading Charge paid?
Product documents
Aviva Pension (SIPP)
Ways to invest with us
See ways to invest with us
Investment articles
Take a look at our library of helpful articles and guides.
What is inflation and how does it affect investments?
Inflation plays an important role in shaping our economy and influencing the prices of goods and services.
Can I take money out of a general investment account?
Looking for guidance on whether you can withdraw money from an investment account?
How much can I invest in a stocks and shares ISA?
Learn about how much you can invest in a stocks and shares ISA and the rules associated with ISA allowances.
Emergency funds and savings
Many of us don't have enough in our savings. Here's why you should aim to build an emergency fund.
Can I transfer a cash ISA to a stocks and shares ISA?
Find out if you can transfer money between a cash ISA and a stocks and shares ISA.
What is a dividend?
Learn about dividends, what they are, and how and when dividends are typically paid.
Are stocks and shares ISAs worth it?
Learn about the pros and cons of a stocks and shares ISA and whether it is right for you.
Savings accounts versus current accounts
Learn the key differences between savings accounts and current accounts and the benefits of each.
Are you paying more tax than you need to?
There are practical things you can do to reduce your tax bill to make year-end tax planning much less taxing.
What is marriage allowance
Our three-minute guide to explain the must-knows around this Government scheme for “I-do”ers.
What tax will I need to pay on a general investment account?
Find out about the tax you'll need to pay on the investment earnings in your investment account.
How to combine finances as a couple
Talking about money is often awkward in relationships, and one big decision for couples can be whether and how to combine their finances.
What is investing?
Find out how you could make your money work smarter with our easy-to-understand guide.
Discover the tax-efficient junior ISA (JISA)
We all want our children to have the best start in life, with a Junior ISA, they can look forward to a cash sum at 18 and a brighter future. Find out more here.
What is Capital Gains Tax?
Selling something of value? You could have tax to pay. Our guide can help clear things up.
What is share dealing?
Share dealing is a way of buying or selling public company shares, with the goal to grow your investment over the long term. Capital at risk.