By Scrimpr
Updated 18 Jan 2026
An older name for the yearly fee on a fund. Now usually called OCF.
TER (Total Expense Ratio)
An older name for the yearly fee on a fund. Now usually called OCF.
Grow Money
Updated Jan 2026
By Scrimpr
Updated 18 Jan 2026 What is a TER?
TER stands for Total Expense Ratio. It’s a measure of a fund’s yearly running costs, shown as a percentage. A TER of 0.20% means the fund provider takes £2 a year for every £1,000 invested.
What is the difference between TER and OCF?
The OCF (Ongoing Charges Figure) replaced the TER in the UK. The OCF includes a few more costs, so it’s a slightly more complete picture. In practice, the numbers are usually very similar.
If you see a TER instead of an OCF, treat it the same way. It’s the fund’s annual fee.
Key points about TER
- The fund’s yearly fee, shown as a percentage
- Now replaced by OCF, which includes slightly more costs
- Treat them the same. Both tell you what the fund provider charges
