What Do We Spend Your Financial Advice Fees On
Published / Last Updated on 07/08/2020
This is a break down of our fees and turnover in % for our trading year 2018/19. Where we spend money that you pay us ...
Expenses Spend by %
- Gross Pay, Staff Pensions, Health Ins - 32%
- Professional Insurance + Regulatory Fees - 17%
- Web Development Costs - 15%
- Corporation Taxes - 13%
- Rent / Rates / Property /Office Operational Expenses - 11%
- Motor & Travel Expenses - 8%
- Telephone & Postage - 3%
- Audit / Accountancy - 1%
Total Expenses - 100%
We leave generally around 25% of turnover in the business for capital adequacy requirements and the two directors personally take around 12% of turnover shared between them as dividends. This means that for the fees that you pay:
Fees that you pay and the Directors share after costs:
- £500.00 fee = Directors share after costs £60.00 (that's £30 each for Ash and Jo)
- £1,000.00 fee = Directors share after costs £120.00
- £1,500.00 fee = Directors share after costs £180.00
- £2,000.00 fee = Directors share after costs £240.00
- £2,500.00 fee = Directors share after costs £300.00
- £3,000.00 fee = Directors share after costs £360.00
- £4,000.00 fee = Directors share after costs £480.00
- £5,000.00 fee = Directors share after costs £600.00
- £10,000.00 fee = Directors share after costs £1,200.00
- £20,000.00 fee = Directors share after costs £2,400.00
