Our fees and pricing

We’re authorised and regulated by the Financial Conduct Authority (FCA). As part of this, we must have certain safeguards in place. The money and assets belonging to investors is ring-fenced and kept separate from our company’s money. This means that in the unlikely event of our company failing, your money would be protected and safe from claims by creditors.

Any uninvested cash is held in a client money account with our banking partner, Barclays. We carefully selected our banking partner, carrying out due diligence checks into elements including financial strength and reputation. We assess our relationship with Barclays on an ongoing basis to ensure your money is appropriately protected.

If anything were to go wrong, your money would be protected under the Financial Services Compensation Scheme (FSCS), up to a maximum of £120,000. Learn more about the FSCS here: www.fscs.org.uk

Interest, when due to clients, is credited quarterly. The interest rate paid to clients is informed by the rate earned on the Barclays account in which we hold client money. Wealthtime Classic does not retain any of the interest.

We may receive interest from monies held in pooled accounts for transitional short periods before being allocated to clients and as an administrative necessity this will be taken as a charge. Therefore, assuming the bank interest rate is 3.5%, if you had £1,000 of your money transitioning through a pooled account for one day then we would receive approximately 10 pence.

If you had £10,000 of your money transitioning through a pooled account for one day, then we would receive approximately 96 pence. If you had £100,000 of your money transitioning through a pooled account for one day, then we would receive approximately £9.59. These transitional periods are normally less than one day but can be two days for BACS and cheques will depend on the speed of clearance, which will normally be five days.

We’ve changed how we deal with interest on client accounts. The interest rate applied to client cash deposits will now be updated monthly, rather than quarterly. This is to reflect changes more closely in the base rate and to be more in line with those rates currently available in the market.

The table below shows the amount of interest we’ve received, retained and added to Cash Accounts in percentage terms, over the previous year. It also shows how much this would have been in monetary terms, if you had held £2,000 in your Cash Account over the year. These rates are informed by the HSBC savings rate and as such can change without notice.

Note: These figures have been rounded. 

*Please note, prior to 01 March 2024, Wealthtime Classic would retain the first 0.25% of interest. 

Interest will be payable quarterly in arrears on the first Monday of March, June, September and December, for the previous quarter, unless the first falls on a Monday in which case it’s on the eighth. For example, interest accrued in January 2025 will be paid in March 2025. 

Liability to tax on interest is dependent on the product wrapper involved. Please consult the Wealthtime Classic Terms and Conditions for more information.