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Fund charges
Halifax and Independently Managed fund charges after your plans 20th anniversary.
The Yearly Management Charge (YMC) is the basic charge for any fund you're invested in through your PIP. You may then receive reductions to the YMC. We apply any reductions you receive by adding extra units to your plan on 31st December each year.
This has the effect of reducing the YMC you pay. The YMC you pay after reductions, is called the effective YMC.
You can use the table below, to find the effective YMC for each fund you’re invested in, if:
- your plan has passed its 20th anniversary, and
- you’re invested in our Halifax or Independently Managed funds.
If you're invested in our Scottish Widows funds, please check the base YMC charge, along with any reductions you receive to check the effective YMC you'll pay. Or you can call us.
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Halifax managed fund information Fund Name
Total Payment(s) made to plan
Effective YMC from 20th anniversary of your PIP after any reductions are applied
Effective YMC from 20th anniversary of your PIP after any reductions are applied
Fund Name
Total Payment(s) made to plan
Effective YMC from 20th anniversary of your PIP after any reductions are applied
For plans taken out on or before 7 September 2008
Effective YMC from 20th anniversary of your PIP after any reductions are applied
For plans taken out after 7 September 2008
Fund Name
Halifax Cautious Managed
Total Payment(s) made to plan
Less than £30,000
£30,000 to £124,999.99
£125,000 to £499,999.99
£500,000 plus
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.00%
0.90%
0.85%
0.65%
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.00%
0.90%
0.85%
0.80%
Fund Name
HX Vanguard ESG Developed World All Cap Equity Index Life*
Total Payment(s) made to plan
Less than £30,000
£30,000 to £124,999.99
£125,000 to £499,999.99
£500,000 plus
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.25%
1.00%
0.90%
0.65%
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.25%
1.00%
1.00%
0.80%
Fund Name
Halifax International Growth Life Fund 3, 4, 5 and 6**
Total Payment(s) made to plan
Less than £30,000
£30,000 to £124,999.99
£125,000 to £499,999.99
£500,000 plus
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.05%
0.95%
0.85%
0.60%
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.05%
0.95%
0.90%
0.75%
Fund Name
Halifax International Growth Fund
Total Payment(s) made to plan
Less than £30,000
£30,000 to £124,999.99
£125,000 to £499,999.99
£500,000 plus
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.05%
0.95%
0.85%
0.60%
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.05%
0.95%
0.85%
0.60%
Fund Name
Halifax Gilt and Fixed Interest
Total Payment(s) made to plan
Less than £30,000
£30,000 to £124,999.99
£125,000 to £499,999.99
£500,000 plus
Effective YMC from 20th anniversary of your PIP after any reductions are applied
0.90%
0.80%
0.75%
0.65%
Effective YMC from 20th anniversary of your PIP after any reductions are applied
0.90%
0.80%
0.75%
0.70%
Fund Name
Halifax UK Equity Tracker Life Funds 3, 4, 5 and 6***
Total Payment(s) made to plan
Less than £30,000
£30,000 to £124,999.99
£125,000 to £499,999.99
£500,000 plus
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.05%
0.95%
0.85%
0.60%
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.05%
0.95%
0.90%
0.75%
Fund Name
Halifax Index Linked Gilt
Total Payment(s) made to plan
Less than £30,000
£30,000 to £124,999.99
£125,000 to £499,999.99
£500,000 plus
Effective YMC from 20th anniversary of your PIP after any reductions are applied
0.90%
0.80%
0.75%
0.65%
Effective YMC from 20th anniversary of your PIP after any reductions are applied
0.90%
0.80%
0.75%
0.70%
Fund Name
Halifax Managed
Total Payment(s) made to plan
Less than £30,000
£30,000 to £124,999.99
£125,000 to £499,999.99
£500,000 plus
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.05%
0.95%
0.85%
0.60%
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.05%
0.95%
0.90%
0.75%
Fund Name
Halifax Managed Income
Total Payment(s) made to plan
Less than £30,000
£30,000 to £124,999.99
£125,000 to £499,999.99
£500,000 plus
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.05%
0.95%
0.75%
0.50%
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.05%
0.95%
0.85%
0.65%
Fund Name
Halifax Money
Total Payment(s) made to plan
Less than £30,000
£30,000 to £124,999.99
£125,000 to £499,999.99
£500,000 plus
Effective YMC from 20th anniversary of your PIP after any reductions are applied
0.85%
0.75%
0.70%
0.65%
Effective YMC from 20th anniversary of your PIP after any reductions are applied
0.85%
0.75%
0.70%
0.65%
Fund Name
Halifax Property
Total Payment(s) made to plan
Less than £30,000
£30,000 to £124,999.99
£125,000 to £499,999.99
£500,000 plus
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.25%
1.00%
0.90%
0.65%
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.25%
1.00%
1.00%
0.80%
Fund Name
Halifax UK FTSE 100
Total Payment(s) made to plan
Less than £30,000
£30,000 to £124,999.99
£125,000 to £499,999.99
£500,000 plus
Effective YMC from 20th anniversary of your PIP after any reductions are applied
0.85%
0.75%
0.50%
0.25%
Effective YMC from 20th anniversary of your PIP after any reductions are applied
0.85%
0.75%
0.60%
0.40%
Fund Name
Halifax UK FTSE All Share
Total Payment(s) made to plan
Less than £30,000
£30,000 to £124,999.99
£125,000 to £499,999.99
£500,000 plus
Effective YMC from 20th anniversary of your PIP after any reductions are applied
0.85%
0.75%
0.50%
0.25%
Effective YMC from 20th anniversary of your PIP after any reductions are applied
0.85%
0.75%
0.60%
0.40%
Based on fund charges as at December 2025.*(prior to 24/06/2024 this was the Ethical Fund)
**(prior to 24/06/2024 this was the Fund of Investment Trusts and prior to 21/10/2024 this was the North American Fund, Far Eastern Fund, Japanese Fund or European Fund)
***(prior to 21/10/2024 this was the Special Situations Fund or Smaller Companies Fund and prior to 18/11/2024 this was the Pelican Fund or UK High Income Fund)
We don't take movements in the value of your plan into account when calculating the level of reduction in the Yearly Management Charge.
-
Independently managed fund information Fund Name
Total Payment(s) made to plan
Effective YMC from 20th anniversary of your PIP after any reductions are applied
Effective YMC from 20th anniversary of your PIP after any reductions are applied
Fund Name
Total Payment(s) made to plan
Effective YMC from 20th anniversary of your PIP after any reductions are applied
For plans taken out on or before 7 September 2008
Effective YMC from 20th anniversary of your PIP after any reductions are applied
For plans taken out after 7 September 2008
Fund Name
Independently Managed European
Total Payment(s) made to plan
Less than £30,000
£30,000 to £124,999.99
£125,000 to £499,999.99
£500,000 plus
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.25%
1.15%
1.10%
1.00%
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.25%
1.15%
1.10%
1.05%
Fund Name
Independently Managed Far Eastern
Total Payment(s) made to plan
Less than £30,000
£30,000 to £124,999.99
£125,000 to £499,999.99
£500,000 plus
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.25%
1.15%
1.10%
1.00%
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.25%
1.15%
1.10%
1.05%
Fund Name
Independently Managed Gilt and Fixed Interest
Total Payment(s) made to plan
Less than £30,000
£30,000 to £124,999.99
£125,000 to £499,999.99
£500,000 plus
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.25%
1.15%
1.10%
0.95%
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.25%
1.15%
1.10%
1.05%
Fund Name
Independently Managed International Growth
Total Payment(s) made to plan
Less than £30,000
£30,000 to £124,999.99
£125,000 to £499,999.99
£500,000 plus
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.25%
1.15%
1.10%
1.00%
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.25%
1.15%
1.10%
1.05%
Fund Name
Independently Managed Opportunities
Total Payment(s) made to plan
Less than £30,000
£30,000 to £124,999.99
£125,000 to £499,999.99
£500,000 plus
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.25%
1.15%
1.10%
1.00%
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.25%
1.15%
1.10%
1.05%
Fund Name
Independently Managed UK Equity Tracker Life*
Total Payment(s) made to plan
Less than £30,000
£30,000 to £124,999.99
£125,000 to £499,999.99
£500,000 plus
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.25%
1.15%
1.10%
0.95%
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.25%
1.15%
1.10%
1.05%
Fund Name
Independently Managed UK Equity Income
Total Payment(s) made to plan
Less than £30,000
£30,000 to £124,999.99
£125,000 to £499,999.99
£500,000 plus
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.25%
1.15%
1.10%
1.00%
Effective YMC from 20th anniversary of your PIP after any reductions are applied
1.25%
1.15%
1.10%
1.00%
Based on fund charges as at December 2025.*(prior to 24/06/2024 this was the Ind Mgd Scottish Widows Smaller Companies Fund)
We don't take movements in the value of your plan into account when calculating the level of reduction in the Yearly Management Charge.