RE: Goozee3 May 2024 13:31
Stas, and Bullorbears
Nobody (least of all me) is complaining about paying a fee. Nor is anybody suggesting CAG member should pay more than others. They have done a great job compiling evidence and bringing it to this stage!!!
I have been strongly promoting uptake on here and other forums (TG), and fully support this action, and for what it is worth will be signing up and paying my fee.
It is the banding that irks me slightly.
The lower band fees roughly equate to about 1% of your investment, but after £35k this reduces.
So for instance, somebody who has invested £300,000 has a fee of 0.18%
For peeps who have invested say £2,000,000 then their fee percentage is 0.03%
This is the point that myself and Wwal have highlighted.
It appears that those with higher investment pots pay less.
Is that fair and reasonable?