Your platform fee is set at 1% (excl VAT) per annum of the asset value on purchase. This fee is charged monthly as 1/12th of the annual fee. The fee is only recovered by us when you receive cash, this means that if you don’t get paid neither do we.
The platform fee is set at 1% (excl VAT) of the asset value at the time of purchase and then increases each year in line with inflation. For example if you purchase a blueberry bush today (December 2018) it costs R300 so your fee will be R3 excl VAT and will increase each year in line with inflation. If the blueberry bush is sold next year at, for example, R400, the fee will start at R4 and increase each year in line with inflation.
If you purchase a bundle, please note that the fee is calculated on the actual value of the asset not the discounted fee.
The platform fee is accrued month on month until you receive an income. If you choose to sell your asset between harvests, the accrued platform fee as at the sale date will be debited before you receive the proceeds of the sale.
For more information on platform fees, you can click on this link.