Schedule of fees
Kaldi Fee Information DocumentWe want to make your Kaldi experience a positive one. Apart from fund management fees, most things in Kaldi are free. In order to make sure that the average user only incurs very low overall fees, we need to make certain charges. These charges cover our costs for those app users who want to transact more regularly than we can afford to offer for free. They are clearly scheduled below and we will let you know if they are subject to any change.
Click the link here to view Kaldi's full Glossary of Terms.
Description
Fees
Subscription fees
Joining Kaldi and opening an account.
Free
Transfer charges
Depositing money into Kaldi: Transferring money from your External Bank Account to your Kaldi Account.
Free
Auto-Investing: Auto-Investing will move money once a month from your Savings Balance to your selected Investment if you have a minimum of £20 in your Savings Balance.
Free
Linked Accounts: If you want to help someone else save towards their goals or they want to help you save towards your goal linking an account will automatically send cashbacks and round-ups to a friend or family member or they can send to you.
Free
Account Sweeps: Account Sweeps will automatically move money once a month from your Spending Balance to your Savings Balance.
Free
Moving money from Spending Balance to Savings.
Free
Moving money from Savings to Spending Balance.
Free
Account-to-Account transfers: Allows you to move money from your Kaldi Account to a friend or family member’s account.
An Account-to-Account transfer would use one of your 3 free transfers per month, which are split between Account-to-Account transfers, withdrawals from Kaldi, transfers of money in and out of your Investment Account. Anything beyond the transfer limit will incur a £0.20 fee1
Withdrawals from Kaldi: Transferring money to your external bank account from your Kaldi Savings Balance.
Withdrawals from Kaldi would use one of your 3 free transfers per month, which are split between Account-to-Account transfers, withdrawals from Kaldi, transfers of money in and out of your Investment Account. Anything beyond the transfer limit will incur a £0.20 fee1
Transfer to Investments: This is when you move money from your Kaldi Savings Balance to an Investment (from our range of Index and Money Market Funds).
Transfer to Investments would use one of your 3 free transfers per month, which are split between Account-to-Account transfers, withdrawals from Kaldi, transfers of money in and out of your Investment Account. Anything beyond the transfer limit will incur a £0.20 fee1
Transferring from your Investments to your Spending Balance: This is when you move money from your Investments to your Kaldi Spending Balance.
Transferring from your Investments to your Spending Balance would use one of your 3 free transfers per month, which are split between Account-to-Account transfers, withdrawals from Kaldi, transfers of money in and out of your Investment Account. Anything beyond the transfer limit will incur a £0.20 fee1
Investment charges
Buying an Investment: Buying an investment from cash available within your Investments Account.
Note: If you are buying an investment from your Savings Balance see Transfer to Investments fee above.
Free
Selling an Investment: If you sell an investment, but don’t move the cash out of your Investments Account.
Free
Service Fee: This is applied to any assets under management (anything held within your Kaldi Investments Account).
A 0.15% per annum Service Fee. This is calculated monthly based on your Assets Under Management.2
Investment Charges: These fund management fees are not charged by Kaldi, but will apply to your investments. These are automatically deducted from your investment.
These fees depend on which investment or investments you choose as they are charged by the fund manager of that specific fund or funds. These are clearly displayed next to each investment option.
Rare Charges
ISA to ISA transfers: Only applies if you are moving an outside ISA into your Kaldi ISA or if you are moving your Kaldi ISA to a third party ISA provider outside Kaldi.
Note: This fee only applies if you are doing a direct ISA transfer. This fee does not apply if you withdraw funds from your account and later invest in another ISA outside Kaldi.
£10 per transfer - Whole/Partial account transfers (inbound and outbound) - in cash.
£50 per transfer - Whole/Partial account transfers (inbound and outbound) - in specie.
JISA to JISA transfers: Only applies if you are moving an outside JISA into your Kaldi JISA or if you are moving your Kaldi JISA to an outside Kaldi provided JISA.
Note: You are not allowed to move funds between two JISA's that are for different children.
£10 per transfer - Whole/Partial account transfers (inbound and outbound) - in cash.
£50 per transfer - Whole/Partial account transfers (inbound and outbound) - in specie.
1An example of how the fees structure works. If you were to transfer money to a family member, 1 of your free monthly transfers would be used and you would have two remaining. You then decide to sell an investment and withdraw it back to your spending account. Another free monthly transfer would be used and you would have a single free transfer remaining. You then decide to fully withdraw your funds from Kaldi back to your external account. You would then have used your last free transfer and £0.20 would apply to any additional applicable transfer. Your free transfers will reload at the beginning of every month. Unused free transfers cannot be carried forward to a subsequent month.
2Fees owed will be calculated on a monthly basis and will be deducted from your next transfer into your investment account after the fees are incurred. If you sell and withdraw funds back into your main Kaldi accounts the fees will be deducted at that sale. If you have not transferred any cash into or out of investments to deduct these fees we will automatically collect it from your Kaldi Spending Account or Savings Account.
