Trustnet Magazine Issue 21 September 2016 | Page 20

These are the growth figures you don ’ t want to see in your next ISA

Annual Platform Fees over 10 years *

£ 1,000
£ 900
£ 800
£ 700
£ 600
£ 500
0.45 %
0.40 % 0.35 %
0.25 %
£ 400
£ 300
£ 200
Trustnet Direct
£ 100 0
1yr 2yrs 3yrs 4yrs 5yrs 6yrs 7yrs 8yrs 9yrs 10yrs
* The graph displays platform fees plus the cost of 5 transactions per annum with Trustnet Direct compared with platforms charging 0.45 %, 0.40 %, 0.35 % and 0.25 % per annum in platform fees . Assumes £ 15,000 new ISA limit invested each year for 10 years and assumes 5 % growth net of charges .
The good news is that if you invest the new ISA limit of £ 15,000 per annum over the next 10 years and it grows at 5 % per annum net of charges , you ’ ll have built a nest egg of over £ 198,000 tax-free .
The bad news is that platform fees can seriously damage your wealth , as the chart above shows .
At Trustnet Direct , we charge 0.25 % in platform fees but cap it at just £ 250 max per annum (£ 200 + 5 trades at £ 10 per trade ).
We may not be the cheapest on day one , but when your investments grow , your charges don ’ t . So , if you want a premium platform , without the premium price tag , open your next ISA with Trustnet Direct .
Trustnet Direct does not provide advice on the suitability of investments . It is an execution-only service . If you are unsure about the suitability of investments , seek independent financial advice .
The price and value of investments and their income fluctuates : you may get back less than the amount you invested . Past performance is no guarantee of future performance .
Prevailing tax rates and relief are dependent on your individual circumstances and are subject to change .
Set your account up now at : www . trustnetdirect . com
Trustnet Direct is a trading style of Trustnet Limited , Authorised and Regulated by the Financial Conduct Authority .