United Kingdom · Finance · Lead (8-12 years)

Lead Cost Accountant / Costing Supervisor

Here is the whole job, in plain words. What it is, what you decide, how you're judged, how people get here and where they go next. Then the part no course gives you: twelve AI tutors who learn your work.

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  • Experience bandLead (8-12 years)
  • Direct reports3-8 reports
  • Reports toCost Accounting Manager
  • UK framework levelUsually a manager, or the deepest specialist in a team

Also advertised as Costing Team Lead · Senior Cost Analyst (Team Lead) · Manufacturing Finance Lead · Principal Cost Accountant

Built on 43,079 real UK job descriptions we analysed · grounded in qualifications employers recognise

1From this job to a course

The qualifications matched to this job

Accounting Technicians Ireland Level 5 Diploma for Accounting Technicians Accounting Technicians Ireland · Level 5 · covers 1 of 8 standards
OCNLR Level 5 Diploma in Business Management OCN London · Level 5 · covers 1 of 8 standards
GQA Level 6 NVQ Diploma in Construction Site Management (Construction) GQA Qualifications Limited · Level 6 · covers 1 of 8 standards
AIM Qualifications Level 3 Diploma in Media Creation, Production and Craft Support AIM Qualifications · Level 3 · covers 2 of 8 standards
EAL Level 4 Diploma in Engineering and Advanced Manufacturing (Development Competence) Excellence, Achievement & Learning Limited · Level 4 · covers 1 of 8 standards
EAL Level 4 NVQ Diploma in Engineering Manufacture Excellence, Achievement & Learning Limited · Level 4 · covers 1 of 8 standards

Matched from the standards this job is measured against: a suggestion, not an official ruling.

The units you would start with

Management Accounting Accounting Technicians Ireland Level 5 Diploma for Accounting Technicians
Controlling project quantities and costs in the workplace GQA Level 6 NVQ Diploma in Construction Site Management (Construction)
Monitor Pre-Shoot Rehearsals, Production Meetings and Recces AIM Qualifications Level 3 Diploma in Media Creation, Production and Craft Support
Lead mechanical manufacturing or inspection activities EAL Level 4 Diploma in Engineering and Advanced Manufacturing (Development Competence)

The future skills this job leans on

AI Fluency working with AI as a thinking partner
Data Fluency turning numbers into a decision
AI Governance Fluency using AI responsibly
Automation Fluency building AI into how work runs
Change Fluency taking people through change
Your Plan Illustration

Built for Lead Cost Accountant / Costing Supervisor

4 units that map to this job, from the qualifications that cover it.

  1. Management Accounting Accounting Technicians Ireland · covers 1 of 8 standards Level 5
  2. Controlling project quantities and costs in the workplace GQA Qualifications Limited · covers 1 of 8 standards Level 6
  3. Monitor Pre-Shoot Rehearsals, Production Meetings and Recces AIM Qualifications · covers 2 of 8 standards Level 3
  4. Lead mechanical manufacturing or inspection activities Excellence, Achievement & Learning Limited · covers 1 of 8 standards Level 4
These are the real units behind this job, in the order they rank for it. Nothing here is marked done, because this plan has not been started by anyone yet. Yours would fill in as you go.

2AI and this work

Will AI change your work as a Lead Cost Accountant / Costing Supervisor?

Nobody can say exactly how. Here is what this job is being asked for next, and where to start.

The new skills this role is being asked for

  • AI Prompt Engineering for Finance
  • Change Leadership & Adoption
Why each one is rising

The future skills this job leans on

We'll only ever tell you what we can actually back up. No hype, no scare tactics.

What happens when you start

Next, a free account. We build your Lead Cost Accountant / Costing Supervisor plan as you set up, starting with a Future Fluency module on using AI in your job. No card.

Your first Future Fluency module is free. After that, your AI tutor is £70 a month.

3What this role really is

A Lead Cost Accountant works out how much products cost to make and supervises a small team doing the same. This role checks manufacturing processes closely and makes sure cost data is accurate enough to support major decisions.

4What you'd actually use

The tools this job runs on, and how well you'd need to know each one.

ERP System (SAP S/4HANA or Oracle NetSuite) Advanced

You'll configure master data (cost centres, activity types), troubleshoot complex settlement errors, design custom reports using Report Painter/Writer, and act as the go-to person for ERP costing module issues. You'll also train new users on core processes.

Advanced Excel Expert

You'll use Power Query for ETL, write VBA macros to automate repetitive tasks (e.g., report formatting, data consolidation), and build complex financial models from scratch for 'what-if' analysis and detailed reconciliations. You'll also set standards for team Excel usage.

BI & Visualization (Power BI or Tableau) Advanced

You'll connect to various data sources (SQL, ERP exports), build new interactive dashboards from the ground up to visualise cost trends and variances, and use DAX or calculated fields to create complex measures for management reporting.

Database Querying (SQL) Intermediate

You'll write SQL queries with multiple joins, aggregations, and subqueries to extract and validate data directly from source systems before it hits the ERP or your Excel models. This is crucial for data integrity checks and ad-hoc analysis.

Expense Management (SAP Concur or Expensify) Advanced

You'll manage system rules and approval workflows within the expense management system. You'll also analyse spending trends to identify areas for cost savings or potential policy violations, rather than just processing reports.

Financial Planning & Analysis (Anaplan or Workday Adaptive Planning) Basic

You'll partner with the FP&A team, often acting as a data provider or inputting standard cost and overhead data into the planning models. You'll understand how your cost data feeds into the broader financial planning process.

5What you get to decide, and how that grows

Power in a job isn't your title. It's what you're allowed to decide. Here's how it grows as you move up.

The choiceComing in Where you are nowThe step above
Technical Methodology (e.g., variance analysis approach) Follows pre-defined methods, escalates deviations. Chooses appropriate method for routine problems, consults on complex ones. Designs new methodologies for novel problems, makes independent technical decisions within scope.
Process Improvement Implementation Suggests minor improvements to supervisor. Proposes and implements small-scale improvements to own tasks. Designs, plans, and leads the implementation of significant process improvements across the costing function, consulting manager on resource needs.
Team Workload & Prioritisation Prioritises own tasks based on supervisor's guidance. Manages own workload, flags conflicts to manager. Allocates tasks to direct reports, manages team workload, re-prioritises based on business needs, escalating only major conflicts or resource constraints to manager.
Budget Allocation (within team) No budget authority, informs supervisor of needs. Requests budget for minor tools/training, no approval authority. Manages team's operational budget (e.g., software licences, training courses) up to £50,000, consults manager for anything above this threshold or for capital expenditure.
Hiring & Performance Management No direct involvement. Provides input on peer performance, may interview junior candidates. Leads recruitment for direct reports (interviews, recommendations), conducts performance reviews, manages development plans, consults HR and manager on disciplinary actions.

6How you'll be judged

The scoreboard, and what is not on it. The hard targets, how often each is actually looked at, and the quiet signals that never reach a dashboard.

Standard Cost Accuracy
How close our standard costs are to the actual costs incurred over a period, especially for key components and finished goods.
Target · Average variance of < 2% for top 20 products/materials.

If the standard cost for Product X is £100, and the actual average cost was £101.50, that's a 1.5% variance, which is good. If it's £105, we've got a problem and need to investigate why.

Variance Explanation & Action Rate
The percentage of significant cost variances (e.g., Purchase Price, Labour Efficiency, Overhead Absorption) that have a documented root cause and a proposed action plan.
Target · 95% of all variances >£10,000 explained with an action plan within 5 business days of month-end close.

Identifying that a £25,000 unfavourable labour efficiency variance was due to a new machine breaking down, and proposing a maintenance schedule review with Operations.

Costing Process Efficiency
The time it takes to complete key costing activities, like the annual cost roll-up or monthly WIP reconciliation, compared to target timelines.
Target · Reduce annual cost roll-up time by 10% year-on-year through process improvements and automation.

Completing the annual standard cost update in 8 weeks instead of the usual 9, freeing up your team for other analytical work.

Team Quality & Development
The overall accuracy and quality of work produced by your direct reports, and their professional growth.
Target · Average error rate across team's journal entries and reconciliations < 0.5%. At least 80% of direct reports meet or exceed development goals.

Your junior accountant, after your mentorship, successfully completes a complex inventory reconciliation independently with zero errors, something they couldn't do six months ago.

Stakeholder Confidence & Influence
How much other teams (Operations, FP&A, Sales) trust your team's cost data and insights, and how often they come to you for advice before making big decisions.
  • You'll know you're doing well when Operations managers proactively ask for your input on new production processes, or when FP&A consults you on the cost implications of a new budget before finalising it. They'll value your opinion on 'what if' scenarios for new products.
Process Improvement & Innovation
Your ability to identify bottlenecks or inefficiencies in costing processes and implement practical, lasting solutions.
  • This looks like you proposing and then leading the implementation of a new system report that automates a manual reconciliation, or designing a more robust process for Bill of Materials (BOM) updates that prevents errors before they happen. It's about making things smoother and more accurate for everyone.
Mentorship & Team Leadership
Your effectiveness in guiding, developing, and empowering your team members to grow their skills and take on more responsibility.
  • You'll see your team members confidently tackling more complex tasks, asking insightful questions, and even teaching each other. They'll come to you for advice on career development, and you'll be able to delegate more challenging work knowing it'll be done well. It's about building a strong, capable team.
Problem Solving & Root Cause Analysis
Your knack for not just spotting a problem, but digging deep to find out *why* it happened and recommending a fix that prevents recurrence.
  • When a significant variance pops up, you're the one who doesn't just report it, but methodically traces it back through multiple systems or operational steps to the actual cause. Then, you present a clear, actionable solution to the relevant team, rather than just pointing fingers.

7Would you like it

Both sides. What people enjoy, and what grinds them down.

What people enjoy
Solving Complex Puzzles

You get a real kick out of untangling a messy WIP reconciliation or figuring out why a standard cost is wildly off. The more complex the problem, the more engaged you are in finding the elegant solution.

Spending a day tracing a £50,000 variance back to a single mis-posted goods receipt from six months ago, and then implementing a new control to prevent it.

Driving Business Clarity & Impact

You're motivated by knowing that your team's accurate cost data helps the business make better decisions. You want to see your analysis lead to tangible improvements in profitability or efficiency.

Presenting a profitability analysis that convinces the sales team to adjust pricing on a specific product line, leading to a noticeable increase in gross margin next quarter.

Building & Developing a Team

You genuinely enjoy mentoring junior accountants, seeing them grow in their skills, and building a high-performing, cohesive costing team. Your satisfaction comes from their success as much as your own.

Successfully coaching a junior team member to independently lead a complex cost centre review, a task they initially found daunting.

What frustrates people
  • Chasing production managers for accurate scrap reports that were due a week ago, delaying your month-end close.
  • Discovering that Engineering changed a Bill of Materials (BOM) without telling Finance, making all your standard costs for that product incorrect.
  • The ERP system timing out or throwing a vague error during a critical cost allocation run, forcing you to restart hours of work.
  • Getting grilled in a meeting about an unfavourable variance that was actually caused by another department's decision (e.g., Procurement buying materials at a higher price).
  • The soul-crushing task of manually reconciling thousands of lines of data from disparate systems to find a tiny discrepancy.
  • Dealing with internal pressure to 'optimise' the numbers to hit a specific financial target, compromising data integrity.
What this role does not give you
  • A quiet, predictable routine with no urgent requests or last-minute changes.
  • A role where you only deal with clean, perfectly structured data.
  • Complete autonomy without ever having to justify your numbers to sceptical stakeholders.
  • A role where every single analysis you produce is immediately acted upon and implemented.

8Who you work with

Your work directly influences our reported profitability, inventory valuation, and how we price products. Basically, you're a key player in ensuring our financial statements are accurate and that management has the right information to make profitable choices. A solid cost structure means we know where we stand, and a shaky one means we're flying blind.

Inside the business
  • Cost Accounting Manager (your direct boss, obviously)
  • Production & Operations Managers (they'll need your cost insights)
  • Supply Chain & Procurement Teams (for material costs and variances)
  • Financial Planning & Analysis (FP&A) Team (they use your costs for budgeting)
  • Product Development & Engineering (for Bill of Materials and routings)
  • Sales & Marketing Leadership (for product profitability discussions)
Outside the business
  • External Auditors (they'll scrutinise your inventory and COGS numbers)
  • ERP System Vendors (sometimes you'll need to work with them on issues)

9What you need before you start

Not a wish list. The things you would be expected to already have.

  • At least 5 years of dedicated experience as a Cost Accountant or Senior Cost Accountant, preferably in a manufacturing or production environment.
  • Demonstrable experience leading significant costing projects, such as an annual standard cost roll-up or implementing a new allocation methodology.
  • Proven ability to mentor and guide junior team members, including reviewing their work and providing constructive feedback.
  • Advanced proficiency in a major ERP system's costing module (e.g., SAP CO-PC, Oracle Cost Management) – you should know it inside out.
  • Expert-level Excel skills, including Power Query and ideally some VBA, for complex modelling and data manipulation.
  • Strong understanding of accounting principles (IFRS/GAAP) related to inventory, COGS, and fixed assets.
  • A track record of identifying process inefficiencies and implementing improvements.

10What to practise next

Where the job is going, and what to do about it starting this week.

Advanced ERP Configuration & Optimisation

As ERP systems become more complex and integrated with AI, you'll need to move beyond just using them to actively optimising their costing modules. This means understanding the underlying logic and being able to suggest improvements to improve data flow and accuracy.

Costing Run Automation · Master Data Governance · Intercompany Transfer Pricing (Costing Aspect) · Integration with IoT/OT Data

  • This month: Deep dive into your ERP's costing module documentation, focusing on configuration options you haven't explored.
  • Month 2: Work with IT to understand the backend tables and data flows that feed your key costing reports.
  • Month 3: Identify one manual ERP process in costing and propose an automation solution, working with a consultant or internal expert.
  • Month 4: Attend an advanced ERP costing user group or training session to learn about new features and best practices.

Quick win: Review your current ERP master data setup for cost centres and activity types. Are there any inconsistencies? Can you suggest a cleaner structure?

Data Storytelling & Advanced Visualisation

With more data and AI-generated insights, your ability to communicate complex cost information clearly and compellingly to senior leaders will become even more critical. It's about turning numbers into a narrative that drives action.

Narrative Structure · Visual Best Practices · Interactive Dashboards · Executive Summaries

  • This month: Pay close attention to how senior leaders present data. What works? What doesn't?
  • Month 2: Take an online course on data visualisation or storytelling specifically for finance professionals.
  • Month 3: Re-design one of your existing monthly cost reports into a more visually engaging and narrative-driven format.
  • Month 4: Practice presenting your redesigned report to a colleague or your manager, asking for feedback on clarity and impact.

Quick win: For your next variance report, add a single, clear headline that summarises the most important takeaway, and use a simple chart to illustrate it.

11Staying current once you are in

What people here do to keep up
  • Regularly attending industry webinars or conferences on manufacturing finance, cost accounting best practices, or ERP system updates.
  • Subscribing to professional accounting journals or online forums to stay current on new standards and techniques.
  • Taking advanced courses in data analytics, business intelligence, or specific AI applications for finance.
  • Actively seeking out mentorship from more senior finance leaders within the organisation.
  • Engaging in peer-to-peer learning with other Lead Accountants to share challenges and solutions.

12The rising capability

The rising capability

Zavmo analysis

What's rising in its place

This is where the work is heading, and the higher pay with it. Get fluent here and the shift stops being a threat and starts being your edge.

AI Prompt Engineering for Finance

AI tools like ChatGPT and specialised financial LLMs are becoming incredibly powerful for drafting reports, summarising data, and even generating initial variance explanations. Those who can 'talk' to these AIs effectively will significantly outperform their peers.

  • Structured Prompting
  • Output Validation
  • Data Privacy & Security
  • Agentic Workflows

Change Leadership & Adoption

As new systems, AI tools, and costing methodologies are introduced, you'll need to be able to lead your team and influence other departments through these changes. It's not enough to just implement; you need to get people to actually use the new ways of working.

  • Stakeholder Mapping
  • Communication Planning
  • Resistance Management
  • Training & Enablement

13What you’ll use

What you’ll use

Skills this role draws on

Technical

  • Standard Costing & Variance Analysis
  • Activity-Based Costing (ABC)
  • Inventory Valuation & Control
  • Bill of Materials (BOM) & Routing Audits
  • Job Order vs. Process Costing
  • Cost-Volume-Profit (CVP) Analysis

14The pathway

The pathway

How you actually get there, here

How you become one varies far more by country than what one does. This is the UK route. Most people take one of these ways in; the right one depends on where you're starting from.

  1. 1

    From Senior Cost Accountant (Internal)

    3-5 years as a Senior Cost Accountant

    Skills to master

    • Leading complex projects independently, mentoring junior staff, taking ownership of a full workstream (e.g., annual cost roll-up), and presenting findings to mid-level management.

    You're ready to move on when

    • You're consistently exceeding expectations in your current Senior Cost Accountant role.
    • You've successfully led at least two major costing initiatives from start to finish.
    • You're the person junior team members come to for help before their manager.
    • You've proactively identified and implemented process improvements in your current role.
  2. 2

    From Cost Analyst (Manufacturing Focus)

    5-8 years as a Cost Analyst, with a strong manufacturing background

    Skills to master

    • Deepening your understanding of production processes, mastering ERP costing modules, developing strong variance analysis skills, and demonstrating leadership potential.

    You're ready to move on when

    • You've worked extensively with manufacturing data and understand factory floor operations.
    • You're highly proficient in using ERP systems for costing and have a good grasp of master data.
    • You've taken on informal leadership roles in projects or mentored new team members.
    • You're consistently providing insightful analysis that goes beyond just reporting numbers.
  3. 3

    From External Audit (with industry experience)

    6-10 years in external audit, with significant exposure to manufacturing clients and inventory valuation.

    Skills to master

    • Transitioning from an audit mindset to an operational finance mindset, mastering specific ERP costing configurations, and developing a deep understanding of internal business processes.

    You're ready to move on when

    • You have a strong understanding of internal controls and financial reporting standards.
    • You've audited inventory and COGS extensively for manufacturing clients.
    • You're eager to move into an operational role and apply your analytical skills to drive business outcomes.
    • You've demonstrated an ability to quickly learn new systems and processes.

15Where this role leads

The long view: This role can lead to plant controller or finance director positions, or into senior FP&A work such as Head of Financial Planning & Analysis.

The ten Future Fluencies

Zavmo analysis

The credential is what you can do today. These are what keep you valuable.

A qualification proves you can do the job as it's defined today. These ten are what decide whether you're still the obvious person for it in five years. They're the capabilities employers are now writing into senior roles faster than people are learning them. Zavmo weaves them through whatever you study, so you come out with both: the credential and the fluency.

The highlighted ones are the Fluencies your role leans on hardest, from how Lead Cost Accountant / Costing Supervisor is actually changing.

How you would learn this

One to one, on the work you already do

A tutor sets the task against your own job and marks the reasoning, at your pace. There is no cohort to fall behind.

A lesson from Management Accounting, worked against Lead Cost Accountant / Costing Supervisor.

Management Accounting Level 5

Applied to your work in Lead Cost Accountant / Costing Supervisor

This unit aims to equip learners with a thorough understanding of management accounting principles and their application in internal decision-making. Learners will understand costing terms and concepts, apply cost accumulation methods for profit and inventory measurement, and utilise standard costing for planning and control purposes.

How the thinking builds
  1. 1 Remember
  2. 2 Understand
  3. 3 Apply
  4. 4 Analyse
  5. 5 Evaluate
  6. 6 Create
An illustration of a Zavmo lesson, built from this role’s own route. The unit, its objective and every criterion above are the awarding body’s own words, not an example.

It is £70 a month, billed monthly. Your free first module is Future Fluency, and you can cancel any time.

See Your Progress Grow Illustration
Lead Cost Accountant / Costing Supervisor
  • Standard Costing & Variance Analysis
  • Activity-Based Costing (ABC)
  • Inventory Valuation & Control
  • Bill of Materials (BOM) & Routing Audits
  • Job Order vs. Process Costing
  • Cost-Volume-Profit (CVP) Analysis
This is your Mind Palace on learn.zavmo.ai. Every skill above comes from this role's own record, not an example borrowed from another job. A node lights up when you evidence it, and what you build stays yours between jobs. That is the part a course cannot do.

16The detail, folded away

Everything else the record holds

The career branches in full, how AI is already showing up in the day-to-day, and the questions people ask about this job. Here when you want them, out of the way while you decide.

Where it leads next, rung by rung

Where it leads

The career path, and where it branches

Lead Cost Accountant / Costing Supervisor is a start, not a ceiling. Each step below asks for new skills and hands back more autonomy.

  1. Cost Accounting Manager

    3-5 years in the Lead Cost Accountant role

    Level 5 (Principal/Manager)

    • Designing and implementing enterprise-wide costing policies and procedures.
    • Leading major ERP module implementations or upgrades related to costing.
    • Partnering with senior Operations leadership on strategic cost reduction initiatives.
    • Managing external audit relationships for costing-related areas.
  2. Senior FP&A Analyst (Manufacturing)

    3-5 years in the Lead Cost Accountant role

    Level 3-4 (Senior/Lead Analyst)

    • Developing annual budgets and long-range financial plans.
    • Performing profitability analysis by product, customer, and channel.
    • Evaluating capital expenditure proposals and post-implementation reviews.
    • Using advanced FP&A software (e.g., Anaplan, Workday Adaptive Planning) for planning and forecasting.
Working with AI on the job

Working with AI

Where AI is starting to help

Imagine cutting down on the tedious parts of cost accounting, freeing you up to do more strategic, impactful work. That's exactly what AI can help you achieve as a Lead Cost Accountant.

In Finance, AI isn't just a buzzword; it's a practical tool that can automate repetitive tasks, spot anomalies faster than any human, and give you deeper insights into our cost structure. As a Lead, you'll be at the forefront of adopting and even designing how we use these tools to make our costing function more efficient and accurate.

Automated Variance Root Cause Analysis

Instead of manually digging through transaction logs, AI can quickly analyse thousands of data points to identify the most likely drivers of a significant cost variance (e.g., a sudden spike in material prices, an unexpected increase in scrap). You'll then validate the AI's findings and focus on the solution.

Intelligent Cost Driver Forecasting

Use AI models to predict future commodity prices, labour rates, or utility costs with greater accuracy. This helps you set more robust standard costs and anticipate potential Purchase Price Variances (PPV) or overhead absorption issues, giving the business a heads-up to plan accordingly.

Proactive Master Data Anomaly Detection

AI can continuously monitor changes to Bills of Materials (BOMs), routings, or cost centre allocations, flagging any unusual or unauthorised modifications that could impact your standard costs before they cause major issues. It's like having an always-on audit assistant.

AI-Assisted Management Reporting

Generative AI can draft initial summaries and explanations for complex monthly variance reports. You'll provide the raw data, and the AI will create a coherent narrative, allowing you to focus on refining the insights, adding strategic context, and preparing for stakeholder questions.

Common questions

Common questions

How do you become a Lead Cost Accountant / Costing Supervisor?

Common routes in include From Senior Cost Accountant (Internal) (3-5 years as a Senior Cost Accountant), From Cost Analyst (Manufacturing Focus) (5-8 years as a Cost Analyst, with a strong manufacturing background) and From External Audit (with industry experience) (6-10 years in external audit, with significant exposure to manufacturing clients and inventory valuation.). Times vary with prior experience.

Where can a Lead Cost Accountant / Costing Supervisor progress to?

This role can lead on to Cost Accounting Manager (3-5 years in the Lead Cost Accountant role) and Senior FP&A Analyst (Manufacturing) (3-5 years in the Lead Cost Accountant role), depending on the skills you build.

What new skills matter most for a Lead Cost Accountant / Costing Supervisor?

Increasingly, AI Prompt Engineering for Finance and Change Leadership & Adoption. These are the skills our record of this role lists as growing.

Free tools

Want a read on where you stand?

Three free tools, no account needed. Each one ends with a role, a level and a way in.

17Where to go from here

Other roles at Level 5

Same depth of qualification, different job. Useful if the work appeals but this particular role does not.

More jobs in finance

Stay in the field you know and move sideways rather than up.

If you leave this industry

A strong background in cost accounting, especially in manufacturing, transfers well to other industries such as automotive, aerospace or consumer goods. It can also lead into consulting work, advising companies on cost optimisation.

This role profile is © 2026 Growth Engineering Technologies Ltd. Built from UK occupational standards and regulated qualification data, and written for Zavmo.

You're not behind. You're right on time. The shift is only just beginning. Your role won't look the same in two years. Be the one who leads the change, not the one it happens to. Start my plan, free What happens next: a free account, then we build your plan as you set up. No card. Build your plan, see your roadmap and meet the twelve tutors matched to you. All free. When you're ready to start learning, it's £70 a month, billed monthly. Cancel any time and billing stops.