Provider comparison
NEST vs PensionBee pension fees
Side-by-side fee comparison based on published fee schedules
Direct answer: at a £100,000 pension pot, NEST costs £300/year and PensionBee costs £500/year in platform fees. NEST is £200/year lower at £100,000 before fund charges.
NEST
0.3% AMC + 1.8% contribution charge on every contribution
AMC + contribution charge · 5 fund choices (retirement date funds, ethical, Sharia, higher risk, lower growth)
PensionBee
0.50%–0.95% depending on plan (Tracker 0.50%, Global Leaders 0.70%, Climate 0.75%, 4Plus 0.85%, Shariah 0.95%). Fee is halved above £100k on all plans.
Percentage (varies by plan) · Pre-built plans (Tracker, Global Leaders, 4Plus, Climate, Shariah, Preserve)
Annual platform fee comparison
POT SIZE
NEST
PensionBee
LOWER FEE BY
£25,000
£75
£125
NEST by £50/yr
£50,000
£150
£250
NEST by £100/yr
£100,000
£300
£500
NEST by £200/yr
£250,000
£750
£875
NEST by £125/yr
£500,000
£1,500
£1,500
Equal
£1,000,000
£3,000
£2,750
PensionBee by £250/yr
Platform fees only. Fund charges are additional. Both providers shown on equal terms, sorted by cost at each pot size.
Key differences
NEST
PensionBee
Fee model
AMC + contribution charge
Percentage (varies by plan)
Fund range
5 fund choices (retirement date funds, ethical, Sharia, higher risk, lower growth)
Pre-built plans (Tracker, Global Leaders, 4Plus, Climate, Shariah, Preserve)
SIPP
No
Yes
Workplace
Yes
No
Min investment
No minimum (auto-enrolment)
No minimum
Things to consider
- •Fees shown are platform fees only. Fund-level charges (OCF) are additional and vary by fund choice.
- •Fee structures change without notice. Always verify current fees on the provider's website.
- •The lowest platform fee is only one comparison point. Fund range, service, platform features, investment choice, and product restrictions also matter.
- •Before transferring any pension, check for exit fees, guaranteed annuity rates, employer contributions, and protected tax-free cash.
- •This comparison is factual information based on published fee schedules, not a recommendation to choose either provider.
- •If you're unsure which provider is right for you, speak to an FCA-regulated financial adviser.
This calculator provides estimates based on 2026/27 tax rates and is not financial advice. Scottish taxpayers are subject to different income tax rates and bands. The calculations assume your salary is your only source of income and do not account for benefits in kind or other taxable income.
For personalised guidance on your pension contributions, speak to an FCA-regulated financial adviser. You can find one via Unbiased or VouchedFor.