1. What is the BT Panorama Admin Fee Calculator?

The BT Panorama Admin Fee Calculator estimates administration fees for BT Panorama accounts based on account balance, administration fee rate, and minimum fee. This helps investors understand the costs associated with their investment platform.

2. How Does the Calculator Work?

The calculator uses the admin fee formula:

Where:

• \( AF \) — Administration Fee ($)
• \( AB \) — Account Balance ($)
• \( AFR \) — Administration Fee Rate (%)
• \( MF \) — Minimum Fee ($)

Explanation: The calculation multiplies the account balance by the administration fee rate (converted from percentage to decimal), then adds the minimum fee to ensure the fee never falls below the specified minimum.

3. Importance of Admin Fee Calculation

Details: Understanding administration fees is crucial for investors to accurately assess the total cost of their investment platform and make informed decisions about their investment strategy and platform selection.

4. Using the Calculator

Tips: Enter account balance in dollars, administration fee rate as a percentage, and minimum fee in dollars. All values must be non-negative numbers.

5. Frequently Asked Questions (FAQ)

Q1: What is BT Panorama?
A: BT Panorama is an investment platform offered by BT Financial Group that provides access to a range of investment options including managed funds, shares, and term deposits.

Q2: How often are administration fees charged?
A: Administration fees are typically charged monthly or quarterly, depending on the specific account terms and conditions.

Q3: Are there any additional fees besides the administration fee?
A: Yes, there may be additional fees such as investment management fees, transaction fees, and advice fees, depending on your investment choices and service arrangements.

Q4: Can the administration fee rate change?
A: Yes, fee rates can change, so it's important to regularly review your account statements and fee disclosures.

Q5: Is the minimum fee applied per account or per investment?
A: The minimum fee is typically applied per account, but you should check your specific product disclosure statement for exact details.