The Client Vault – what does it cost?
The Client fee for a vault is entirely at the Will Writer’s discretion and is on an annual basis. The fee could be bundled in with other services or stand alone. The Society’s minimum recommended fee is £19.95 + VAT per annum.
Safe4 charges for a Vault start at £14 + VAT per annum and reduce for annual volumes exceeding 1000 Vaults. At the Society’s recommended minimum, this represents a 30% gross margin for the member. And this repeats every year.
The initial charge to set up the Safe4 customized service is £140 + VAT including the first 10 Client Vaults and is payable by direct debit under guarantee via GoCardless Ltd., a BACs authorised and FCA regulated payment provider. Safe4 stores no bank details directly itself.
For all subsequent new Client Vaults initiated and for annual renewals, safe and easy payment will be taken by direct debit under guarantee on a monthly in arrears basis.