Wrap charges and interest rates

We set our rates at a sustainable level to support long-term financial planning. What’s more, based on the assets you manage for your most valuable clients, we can offer tiered large fund discounts.

Fairness first

• Wrap’s tiered pricing structure means we can give the fairest pricing for all portfolio sizes.
• Charges are clear. You and your clients will always see a full breakdown of payments.

Offering real value

• Wrap’s charging tiers mean fees are reduced as your clients’ investments increase.
• Wrap supports clients in drawdown by locking in the lowest SIPP platform charge when your clients’ SIPP investments (excluding cash) are at their highest.
• Clients who link accounts with family members pay the portfolio charge for the total of their combined investments (excluding cash).

Complete flexibility and no hidden charges

• There aren't any extra switching charges if you move your clients’ money between funds.
• There aren't any additional charges for using model portfolio functionality or tools.
• There aren't any withdrawal or transfer-out charges.

The following table shows the current standard platform charges:

Please note the provider of the International Portfolio Bond (IPB), Standard Life International, also applies a product administration charge of 0.12% on the IPB.

For more information about what platform eligible assets are, please see our Wrap charges guides.

Wrap charges guide (PDF)

Wrap adviser charges and options (PDF)

Comparing platform charges

Jargon in financial services can be confusing, which makes it hard for your clients to compare services or understand what they’ll pay. This document identifies the main components of platform charges and explains what these different charges might look like.

Comparing platform charges - Wrap (PDF)

For clients in drawdown, Wrap makes it possible to lock in the most competitive platform charge when their investments (excluding cash) are at their highest. With Wrap’s innovative Drawdown Price Lock, as clients take money out of their pension, their SIPP percentage platform charge won't increase. Clients have the option to achieve their best drawdown lock-in price if they choose to consolidate all other investments (excluding cash) first. You also have the flexibility to review the price lock, remove it or reinstate it depending on your clients’ needs.

When accounts are linked for family terms, all family members can benefit from the associated discount. We can link up to 10 close family members as long as one family member has at least £500,000 in platform eligible assets in their individual account. Couples can benefit from family terms too, by linking two individual accounts and a joint account if the combined total is at least £500,000 in platform eligible assets.

For more information on family terms, including terms and conditions, please see our Understanding family/couples discount guide (PDF).

Please note:

• Linking family accounts isn't done automatically by the platform.
• Trusts don't qualify under Wrap’s family terms.

As time out of the market can have a big impact on your clients' investments, Wrap can pre-fund new investments, fund switches and pension tax relief for them at no extra cost, even if their funds have yet to clear.

Pre-funding can help you:

• Prevent undue delays when investing your clients’ money
• Remove the guesswork by reducing the time out of the market
• Maintain complete control of your clients’ investments

Each Wrap customer automatically has access to a Wrap cash account. In addition, the Wrap platform also operates cash accounts at a product level.

The annual gross interest rate we pay to customers on product level cash accounts is calculated with reference to the Bank of England base rate. This means that you can always work out what the interest rate paid will be, using the table below (paid rates are rounded up to the nearest 0.01%).

For example, under the base rate announced on 8th May 2025 of 4.25%, the rate we pay to customers on product level cash accounts is 2.03% per annum. This is calculated as 0% of the first 1.10%, plus 50% of the next 0.90%, plus 70% of the next 2.25%; i.e., 0.00% + 0.45% + 1.58% = 2.03%.

Please note that the paid rates for the International Portfolio Bond (IPB) will also adopt the rates shown in the table above, but only up to a Bank of England base rate of 2.65%. Any increase above this rate will result in a paid rate of the Bank of England base rate less 1.75%. This will ensure the paid rate for the IPB will always be the same or better than illustrated in the rates shown in the above table. At the current Bank of England rate, this means that the interest paid on the IPB will be 2.50%.

Interest is calculated daily. If the base rate is negative this table will not apply, and paid rates may become negative. When the Bank of England base rate changes, the rate paid to customers will be updated within five working days. The interest rate on the Wrap cash account is 0.00% per annum.

The rate we earn from our banking partner(s) may be higher or lower than base rate and may vary daily. We retain any additional interest earned as a margin to cover costs in managing cash and undertaking certain platform services in respect of cash holdings. We call this margin the Cash Management Administration Charge (CMAC). The CMAC is taken directly from the interest received from the bank(s), so will not appear as a separate charge.

A product administration charge of 0.12% applies on the International Portfolio Bond. This is levied by the product provider (Standard Life International).

If you’d like more information about Wrap’s charges, speak to your usual Aberdeen contact.

If you don’t currently have an Aberdeen contact, please email business.development@aberdeenplc.com.