Maximise your potential wealth
Get started with a Prosper account by entering your email address below. You’ll be the first to hear about our latest investing and saving offers.
When you invest your capital is at risk.
Costs really matter when investing, and you might be paying too much.
Investment providers often make fees difficult to understand and hard to find. We’re committed to giving you the knowledge you need to make the best decisions for your financial future.
Maximise your potential wealth
Get started with a Prosper account by entering your email address below. You’ll be the first to hear about our latest investing and saving offers.
When you invest your capital is at risk.
When you invest your capital is at risk.
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Our Charging Schedule: zero fees
Prosper’s charges
Your Fund Manager’s charges
0.00-0.24%
What fees can our Founding Members expect?
platform fee
transaction costs
ongoing charges on 30 of the world’s most popular index funds and ETFs on assets bought during offer period (charged upfront, refunded annually)
fund transaction costs on 30 of the world’s most popular index funds and ETFs on assets bought during offer period
*The initial offer period runs to 31st July 2024 and covers up to £20 million of investments in aggregate from our Founding Members. If you join during this period, assets you buy during this time will remain free of platform fees, transaction costs and fees on the 30 index funds and ETFs highlighted at time of sign-up until you start taking money from your pension or the age of 75, whichever is the sooner. Assets bought outside of the offer period will be subject to a standard 0.25% fee. Seek financial advice if you are unsure about your the tax treatment of our products.
What fees am I charged and why?
When you invest, it’s crucial to understand the different types of fees you’ll encounter. These fall under:
Platform fees
The cost for using your investment platform. Companies may charge flat, % based, or monthly fees.
To make it even more complex, some might charge these as "account fees" for an ISA or SIPP instead of calling them a "platform fee".
Some even charge both.
Transaction fees
Charged when you buy or sell assets, these cover the costs of executing the trade, from the technology involved to paying any middlemen.
Some companies call their trading charges transaction fees. You might also be charged
"market spread", which is the difference between the buy and the sell price of an ETF, and government taxes.
Fund fees
These cover the costs of managing the fund you're invested in. You'll see these split into separate costs.
One is annual charge for managing and operating a fund, which you might see as an OCF (Ongoing charges figure or TER (Total Expense Ratio). Fund transaction costs are generated by a fund when it buys or sells its underlying investments. Some companies may also charge you a "performance fee", paid if a fund beats its performance target.
Entry charges
Sometimes known as an ‘initial charge”, this is a one-off payment, charged when you first invest in a fund, to cover initial admin costs.
Exit charges
Similar to entry charges, but paid when you sell any assets.
Advice charges
The cost of talking to, and getting advice, from a financial advisor.
Do higher fees really matter that much?
Most people assume that the fees they’re charged are reasonable and the price they have to pay for someone else handle things. We thought the same until we did some digging around. How can it make so much of a difference?
The power of compound interest and the tyranny of compounding costs!
Compound interest means you’re not just earning interest on your initial investment, but on the interest that’s already been added to it too. This can rapidly grow your money over time - but work the same away against you once fees are factored in.
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Why do fees matter?
We’ve put together a simple pension calculator to show you the impact of fees at retirement, and how much better off you could be with Prosper.
Your input
Your results
The above does not take into account trading costs as these are currently Free at Prosper and we assume 0% portfolio turnover for both your existing investment and one with Prosper.
Future values shown are not guarantees and are for illustrative purposes only. The returns you receive will vary and you might get back less than you invested. Your capital is at risk.
All growth rates are nominal, compounding and fees are calculated annually and investments are held for the full period stipulated.
Low / Medium / High Growth rates have been determined using FCA guidance in COBS 13 Annex 2.
The above does not take into account tax considerations and should not be considered as tax advice. Tax treatment depends on the individual circumstances of each client and may be subject to change in future.