ISA Costs and Charges Calculator

The MiFID II costs and charges rules require investment firms to give clients costs and charges disclosure for relevant investments.

To assist you in the advice process we’ve created this handy calculator which does all the number crunching - so you don't have to - to help you combine relevant information about the Prudential ISA, your advice charges, and view this in a single convenient document.

The Prudential ISA is provided by Waystone Financial Investments Limited​ which is the ISA Plan Manager. The WS Prudential Risk Managed OEIC funds are operated by Waystone Management (UK) Limited.

Use ISA Costs and Charges Calculator

Simple steps to use the costs and charges calculator

• Add the proposed amount of investment in up to three funds - any combination of transfer, single and regular investment.
  
  
• Choose the amounts going into the range of WS Prudential Risk Managed OEIC funds and/or PruFund funds, based on your client’s fund choices.
  
  
• Add your adviser charges – in percentage or money terms – including frequency and duration.
  
  
• View, copy & paste* or print specific sections to meet your disclosure requirements.

(* this facility is not fully supported by Internet Explorer)

Provides an estimate of costs and charges

• It shows all costs and charges for each fund available within the Prudential ISA. 
   
• You can compare the effect of charges for different funds and choose the right mix.
   
• You can highlight the value of your advice and agree different charge options.

Clear results for reports

• Easy to follow tables and explanations.
   
• High level to lower level breakdown of costs and charges.
   
• Select sections as required.

But before you start, we want to let you know…

The basis of the calculations

• Fund information is provided by Prudential and Waystone Management (UK) Limited.
   
• The calculator is based on a maximum of three funds. If more funds are required, you would need to do separate calculations.
   
• We show all cost categories, whether relevant to an individual fund or not. In certain cases this means the disclosures will be £0 for some cost categories.
   
• Waystone Financial Investments (WFI)​ doesn’t charge investors for operating the Prudential ISA accounts.
   
• You can insert the following adviser charge information:
   
  • Single investment/transfer value Set-up adviser charge;
     
  • Regular monthly Set-up adviser charge;
     
  • Ongoing adviser charge.
     
• You choose an assumed gross growth rate ranging from 2% - 8% (defaulting to 5%), to show the effect of costs and charges on future returns.

Some important information

• Any details from the calculator output aren’t an indication of the return your client may receive. The output is designed to show the approximate amount and effect of costs and charges on your clients’ potential investment.
   
• You need to consider your other disclosure requirements under MIFID II for investments into OEIC funds. You can find more information on the FCA’s website**.
   
• You can obtain Key Investor Information Documents (KIID), Cost and Charges documents and OEIC Prospectus in respect of the Prudential Risk Managed OEIC fund range, which are produced by Waystone Management (UK) Limited, via the Prudential ISA product page on the PruAdviser website.
   
• For investments into the insurance policy for PruFund funds, which come under PRIIP regulations, you can access the relevant Key Information Document(s) and Investment Option Document(s) via the Prudential ISA product page on the PruAdviser website.
   
• You may also wish to use our generic illustration for the Prudential ISA.
   
• You can read more about PruFund range of funds.
   
• You can read more about the Prudential ISA via the Prudential ISA product page on the PruAdviser website.
   
• The results of the tool shouldn’t be considered as advice and is to aid you during your advice process. 

The results are based on our current understanding of legislation and HMRC practice. But these might change without notice and the tool doesn’t take into account all of the possible circumstances that could impact your clients.

**We can't control what's shown on any other websites.