What are the investment charges?
Before making an investment, it’s important that you know what charges you can expect to pay.
These apply to any investment you make in your SIPP, Stocks & Shares ISA and Investment Account.
Importantly, there's no charge for opening these with us, or for transferring any investments to us from elsewhere. You may be charged by your existing provider for leaving them.
However, once your investment with us is up and running, you can expect to pay the relevant charges shown below.
Aviva Charge
This is our annual charge for holding any investment funds that you’ve picked from our selection of ready-made funds, our experts' shortlist or our full fund list. Read more about these funds options. It also applies to any money in your cash account – more on that below. It’s never more than 0.40% per year.
The exact amount you pay is based on the total value of investments you hold through our online investment service, which combines our SIPP, Stocks & Shares ISA and Investment Account.
So, if you had £40,000 in our Stocks & Shares ISA, and another £60,000 in our SIPP, your total invested value would be £100,000.
The more money you invest, the more we'll reward you with a lower percentage charge to pay overall, as shown:
Invested value | Annual Aviva Charge |
---|---|
First £50,000 | 0.40% |
Next £200,000 | 0.35% |
Next £250,000 | 0.25% |
Amount above £500,000 | 0% |
This means that if you invested £100,000 with us, the first £50,000 would have an Aviva Charge of 0.40% and the next £50,000 would have an Aviva Charge of 0.35%. So, it may make sense to bring investments together under one roof.
Aviva Share Charge
Set at 0.40%, this Aviva Share Charge is our annual charge for holding these types of exchange traded investments:
- UK shares
- exchange traded funds (ETFs)
- investment trusts
The Aviva Share Charge is capped at:
- £120 per year for our SIPP
- £45 per year for our Stocks & Shares ISA or Investment Account
Fund Manager Charge
Each fund has an individual management charge which can be found in the Key Investor Information Document and appears as an ongoing charges figure (OCF) on your statement.

An illustration based on investing £10,000, split between £8,000 in funds and £2,000 in shares. You'd pay an Aviva Charge of 0.40% (£32) and a Fund Manager Charge of 0.35% (£28), plus an Aviva Share Charge of 0.40% (£8), giving a total annual charge of £68. It only gives an idea of ongoing charges, and not any initial costs such as trading charges for shares.
The 0.35% Fund Manager Charge shown is an example, as the actual percentage will depend on the funds you choose.
Performance fee
Although more common with investment trusts, some investments also charge a performance fee which varies depending on how well a fund performs. This fee can be found in the Key Investment Information Document, which you can see when choosing your funds.
Trading Charge
We charge a flat fee of £7.50 for each trade in shares, exchange traded funds or investment trusts, regardless of value. We won't charge you for buying or selling investment funds.
Other charges to be aware of
UK Stamp Duty Reserve Tax (0.5%) paid on the purchase of most UK shares online - it's automatically deducted and paid to HMRC.
The Panel on Takeovers and Mergers Levy £1 on trades over £10,000, which is taken automatically.
Your cash account
You’ll have a cash account as part of your SIPP, ISA or Investment Account. It’s where you’ll transfer money ready to be invested, and it’s where any money will go once you sell any investments. The Aviva Charge will apply to any money you hold here, as well as your investments.
Your cash account is also used to pay the annual Aviva Charge and Aviva Share Charge on your investments. If there’s not enough in your cash account to cover the charge, it will come from your fund investments instead.
Interest in your cash account is charged at our variable rate and may be positive, zero or negative. If the interest added is less than the charges taken out, the amount in your cash account will go down. Find out more in our interest rate factsheet (PDF 60 KB).
Investment charges FAQs
What will my exact charge be?
Which investment products count when calculating my total Aviva Charge?
How is the Aviva Charge and Aviva Share Charge calculated and paid?
How is the Fund Manager Charge paid?
How is the Trading Charge paid?
Product documents
Aviva Pension (SIPP)
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Platform provider, ISA Manager and Investment Account Manager: Aviva Wrap UK Limited. Registered in England No. 4470008. Aviva, Wellington Row, York, YO90 1WR. Authorised and regulated by the Financial Conduct Authority. Firm Reference Number 231530.
Pension product provided by: Aviva Pension Trustees UK Limited. Registered in England No. 2407799. Aviva, Wellington Row, York, YO90 1WR. Authorised and regulated by the Financial Conduct Authority. Firm Reference Number 465132.