The value of your investments can go down as well as up and you may get back less than you paid in. Laws and tax rules may change in the future. Your own circumstances and where you live in the UK also have an impact on tax treatment.

Important information on your products

The current version of our terms and conditions along with the interest rates and the cash management administration charge we apply on the various cash accounts held within your Wrap account are set out below.

  • Terms and Conditions
  • Interest rates
  • Cash management administration charge
  • Platform and product administration charges

Terms and Conditions

Below are links to the Wrap Terms and Conditions and other important documents. Please click on the name to download. If you would like a paper copy of any of these documents please contact us at 0345 279 1001.
  • Wrap Services Client Terms and Conditions PDF (296KB)
  • Corporate ISA and Personal Portfolio terms and conditions PDF (229KB)

  • This policy applies to all Wrap clients and provides you with information about our Order Execution Policy and should be read together with the Wrap Services Client Terms and Conditions.
  • Wrap Platform – Order Execution Policy PDF (129KB)
  • Interest Rates

    Each Wrap client automatically has access to a Wrap cash account. Wrap cash is the hub of your Wrap. In addition, the Wrap platform also operates cash accounts at a product level. The interest rates on all these accounts are variable and may go up and down regularly. Here are the annual gross interest rates which we currently pay:

    Product Current interest rate
    Wrap cash account 0.00%
    Cash ISA 0.00%
    Stocks & Shares ISA (cash component) 0.00%
    Personal Portfolio cash account 0.00%

    Cash management administration charge

    We apply a cash management administration charge (CMAC) for the administration of the cash held in the Wrap cash accounts outlined below.

    The CMAC is in addition to any platform and product charges that may apply to these cash accounts.

    This charge is taken directly from the interest received from the bank(s) used to provide these accounts and so is not deducted from the interest we pay you.

    The charges vary depending on the interest received from the bank(s) and may go up and down regularly. We will notify you or your financial adviser if the charge exceeds 1.75%.

    You should visit this webpage regularly for details of the CMAC.

    The CMAC rates stated are example annual rates based on the interest rates received from the bank(s) used to provide these accounts as at 23/03/2020, and assuming

    Product Current CMAC
    Wrap cash account 0.08%
    Cash ISA 0.08%
    Stocks & Shares ISA (cash component) 0.08%
    Personal Portfolio cash account 0.08%

    Charges are per annum.

    Platform charges

    Value of Platform Eligible Assets Annual platform charge for Wrap cash ISA (deducted for each band) Annual platform charge for Wrap cash account, Wrap stocks and shares ISA, Wrap Personal Portfolio (deducted for each band)
    First £0 - £249,999.99 0.00% 0.35%
    Next £250,000 – £749,999.99  0.00% 0.25%
    Next £750,000 – £999,999.99 0.00% 0.15%
    On the balance above £1,000,000 0.00% 0.10%

    Important – Our interest rates and the cash management administration charges are regularly reviewed so you should visit this webpage regularly.

    Contact us

    0345 279 1001 For paper copies of these terms and conditions or for details about your charges please give us a call. Calls may be monitored and/or recorded to protect both you and us and help with our training. Call charges will vary.