Portfolio costs and fees
The table below defines the fees and average fund and market spread costs of each Nutmeg portfolio styles. Nutmeg Fees represent the weighted average Nutmeg fee paid by Nutmeg clients in 2022 in each Portfolio range. Fund Costs and Market Spread calculated for the period 2022.
Portfolio costs and charges
Portfolio | Fee | Fund cost | Market spread cost |
|---|---|---|---|
Fully Managed Risk Level 1 | 0.62% | 0.1117% | 0.0046% |
Fully Managed Risk Level 2 | 0.62% | 0.1298% | 0.0183% |
Fully Managed Risk Level 3 | 0.62% | 0.1360% | 0.0253% |
Fully Managed Risk Level 4 | 0.62% | 0.1835% | 0.0288% |
Fully Managed Risk Level 5 | 0.62% | 0.1870% | 0.0359% |
Fully Managed Risk Level 6 | 0.62% | 0.1951% | 0.0365% |
Fully Managed Risk Level 7 | 0.62% | 0.2038% | 0.0422% |
Fully Managed Risk Level 8 | 0.62% | 0.2097% | 0.0438% |
Fully Managed Risk Level 9 | 0.62% | 0.2085% | 0.0446% |
Fully Managed Risk Level 10 | 0.62% | 0.1882% | 0.0393% |
Socially Responsible Risk Level 1 | 0.65% | 0.1227% | 0.0129% |
Socially Responsible Risk Level 2 | 0.65% | 0.1667% | 0.0261% |
Socially Responsible Risk Level 3 | 0.65% | 0.2000% | 0.0334% |
Socially Responsible Risk Level 4 | 0.65% | 0.2419% | 0.0453% |
Socially Responsible Risk Level 5 | 0.65% | 0.2569% | 0.0560% |
Socially Responsible Risk Level 6 | 0.65% | 0.2750% | 0.0490% |
Socially Responsible Risk Level 7 | 0.65% | 0.2878% | 0.0502% |
Socially Responsible Risk Level 8 | 0.65% | 0.2950% | 0.0535% |
Socially Responsible Risk Level 9 | 0.65% | 0.3048% | 0.0539% |
Socially Responsible Risk Level 10 | 0.65% | 0.3075% | 0.0480% |
Smart Alpha 1 | 0.62% | 0.2127% | 0.0624% |
Smart Alpha 2 | 0.62% | 0.2445% | 0.0829% |
Smart Alpha 3 | 0.62% | 0.2485% | 0.1030% |
Smart Alpha 4 | 0.62% | 0.2537% | 0.1222% |
Smart Alpha 5 | 0.62% | 0.2722% | 0.1393% |
Fixed Allocation 1 | 0.40% | 0.1229% | 0.0000% |
Fixed Allocation 2 | 0.40% | 0.1456% | 0.0000% |
Fixed Allocation 3 | 0.40% | 0.1505% | 0.0000% |
Fixed Allocation 4 | 0.40% | 0.1771% | 0.0000% |
Fixed Allocation 5 | 0.40% | 0.1785% | 0.0000% |
Pension costs and charges illustration
The tables below display illustrations of the charges and transaction costs on a pension fund invested in one of the given Portfolios and risk levels. The starting portfolio is valued at £10,000 with £3,600 yearly contribution (including Government Bonus) increasing monthly by yearly earning inflation of 3.5%. All results are adjusted by the Price Inflation of 2%.
Fully Managed - risk level 2
Years | Total Paid In to Date | Projected transfer value if there were no charges or cost | Projected transfer value after all charges and cost |
|---|---|---|---|
1 | £13,629 | £13,865.38 | £13,758.13 |
3 | £21,047 | £21,996.82 | £21,562.41 |
5 | £28,685 | £30,686.12 | £29,763.21 |
10 | £48,784 | £55,047.33 | £52,102.68 |
15 | £70,406 | £83,585.03 | £77,276.94 |
20 | £93,664 | £116,862.21 | £105,970.78 |
25 | £118,684 | £155,510.57 | £138,866.70 |
30 | £145,599 | £200,238.55 | £176,418.13 |
35 | £174,552 | £251,840.12 | £219,125.38 |
40 | £205,697 | £311,204.71 | £267,540.10 |
Simulation review
The table above displays illustration of the charges and transaction costs on a pension fund invested in the Nutmeg Fully managed risk level 2. The starting portfolio is valued at £10,000 with £3,600 yearly contribution (including Government Bonus) increasing monthly by yearly earning inflation of 3.5%. All results are adjusted by the Price Inflation of 2%. Portfolio total cost and charges set at 0.77% yearly for right column 'after all charges and costs'.
Fully Managed - risk level 6
Years | Total Paid In to Date | Projected transfer value if there were no charges or cost | Projected transfer value after all charges and cost |
|---|---|---|---|
1 | £13,629 | £14,036.79 | £13,916.47 |
3 | £21,047 | £22,705.01 | £22,206.07 |
5 | £28,685 | £32,218.53 | £31,135.31 |
10 | £48,784 | £60,152.60 | £56,515.81 |
15 | £70,406 | £94,992.93 | £86,843.55 |
20 | £93,664 | £138,162.81 | £123,504.84 |
25 | £118,684 | £191,362.52 | £167,783.76 |
30 | £145,599 | £256,622.07 | £220,971.15 |
35 | £174,552 | £336,363.96 | £284,566.50 |
40 | £205,697 | £433,477.74 | £360,310.56 |
Simulation review
The table above displays illustration of the charges and transaction costs on a pension fund invested in the Nutmeg Fully managed risk level 6. The starting portfolio is valued at £10,000 with £3,600 yearly contribution (including Government Bonus) increasing monthly by yearly earning inflation of 3.5%. All results are adjusted by the Price Inflation of 2%. Portfolio total cost and charges set at 0.85% yearly for right column 'after all charges and costs'.
Fully Managed - risk level 10
Years | Total Paid In to Date | Projected transfer value if there were no charges or cost | Projected transfer value after all charges and cost |
|---|---|---|---|
1 | £13,629 | £14,109.57 | £13,989.17 |
3 | £21,047 | £23,010.98 | £22,506.54 |
5 | £28,685 | £32,891.25 | £31,785.59 |
10 | £48,784 | £62,479.56 | £58,682.80 |
15 | £70,406 | £100,385.14 | £91,716.89 |
20 | £93,664 | £148,600.57 | £132,736.63 |
25 | £118,684 | £209,574.86 | £183,526.90 |
30 | £145,599 | £286,316.62 | £246,055.81 |
35 | £174,552 | £382,520.32 | £322,673.45 |
40 | £205,697 | £502,720.91 | £416,184.50 |
Simulation Review
The table above displays illustration of the charges and transaction costs on a pension fund invested in the Nutmeg Fully managed risk level 10. The starting portfolio is valued at £10,000 with £3,600 yearly contribution (including Government Bonus) increasing monthly by yearly earning inflation of 3.5%. All results are adjusted by the Price Inflation of 2%. Portfolio total cost and charges set at 0.85% yearly for right column 'after all charges and costs'.
Cost and charges per fund
- Nutmeg Fees ('Annual Management Charge')
Have been set at average customer weight - Fund Costs ('Charges for managing and maintaining the fund')
Calculated based on the:
- fund allocation of portfolios for the period 2022
- current fund management fees and Ex-Ante transaction costs.
The calculation of 'Fund Costs' combines the fund management fees and ex-ante transaction costs. - Market Spread ('Transaction Costs')
This is calculated as the average estimated transaction costs for the portfolio during 2022 - Displaying data for timeframe of 1-40 Years and for a low, medium and high risk portfolio for most common portfolio style (Fully Managed).
- £10,000 starting contribution, £300 monthly (after tax relief).
- Contributions increase by 3.5% per year (monthly adjustment) , in line with the earnings inflation rate described in COBS 13 Annex 2.
All prices shown are adjusted to inflation at 2% per annum, in line with the price inflation rate described in COBS 13 Annex 2. - Fees of taken as weighted client average for the portfolio style.
- Cost and Charges data as of 2022 average.