How Multiply makes money

No one likes trawling small print for details so let’s cut to the chase on how Multiply makes money.

It’s free to generate a Multiply financial plan. All of the information in it, including product suggestions, is also totally free to access.

If we recommend a product

If we recommend a product such as the Unity Mutual Lifetime ISA, we won’t receive a fee if you decide to open it.

It’s against Financial Conduct Authority (FCA) rules for Multiply to collect a fee from an investment platform or pension product provider for recommending their product.

This is so we’re not tempted to recommend a product or investment that isn’t suitable for you. We think it’s a really good rule; it keeps your money safe and ensures you can trust our advice.

If you decide for yourself

If you decide for yourself that you’d like to open a product such as the Unity Mutual Lifetime ISA, without a specific recommendation from us, we will receive a fee.

If you already have a Lifetime ISA, and you're considering transferring it to Unity Mutual, we can't give you a recommendation either way. We don’t know enough about your current Lifetime ISA to advise you on whether to transfer.

If you take out a mortgage via Mojo Mortgages

If you decide to get a mortgage in principle and then take out a mortgage via Mojo Mortgages, we will receive a fee.

If you invest with Multiply

If you decide to open any investment accounts through Multiply, you’ll pay £1 a month to use the service.

This is a flat fee that covers the Multiply investment accounts available through the app: the Stocks & Shares ISA and the General Investment Account.

If you invest through Multiply, you’ll also pay an annual 0.3% platform fee.

Individual funds also charge annual fees, which vary between 0.43% and 0.73%.