Personal finance
Fund charges
What you pay to hold an investment fund, usually a yearly percentage, plus any platform fee for the account it's held in. The ongoing charge figure (OCF) is the fund's yearly cost.
A plain-English explanation, not financial or tax advice. Rules and rates change, so check your own situation. For free, impartial guidance, try MoneyHelper. Disclaimer.
You'll hear it as
Fund charges of 1 per cent a year will cost you a fortune over thirty years.
Also called OCF.
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