TRANSACT CUTTING CHARGES AGAIN
At Transact we continue with our enduring approach to responsible pricing by implementing our 13th set of rate reductions in 11 years.
- Annual Commission charges reduce from 0.29% to 0.28% and from 0.19% to 0.18% (for the respective charging bands) on 1 April 2020.
- Buy Commission exemption threshold reduces from £500k to £400k on 1 March 2020.
These latest reductions will be available to new and existing customers, with the vast majority of Transact customers set to benefit.
New Transact Annual Commissions Charging Structure – effective from 1 April 2020
|Single or consolidated Portfolios of less than £100,000||Annual Charge|
|£0 - £60,000||0.50%|
|>£60,000 and <£100,000||0.28%|
|Single or consolidated Portfolios of £100,000 and above||Annual Charge|
|£0 - £600,000||0.28%|
|>£600,000 - £1,200,000||0.18%|
|>£1,200,000 - £5,000,000||0.07%|
|On the remainder||0.05%|
New Transact Buy Commission Charging Structure – effective from 1 March 2020
|Monthly average Portfolio(s) values||Refund||Effective rate|
Delivering quality service to our customers is a top priority for Transact. Our responsible pricing approach means that we will only ever reduce our charges when confident it will not affect our award-winning service. Our ability to continually reduce our charges is possible as we continue to share our scale economies with our customers.
Find out more
020 7608 5350