UK Pension Provider Fees
Platform fees for 15 providers, verified quarterly against published fee schedules. Free to use, share, and build on.
Last fetched: 2026-04-14· Licence: CC-BY 4.0
Accuracy notice: Pension fee structures are complex. Providers use different charging models (tiered, capped, all-in AMC, contribution charges) that make like-for-like comparison inherently imperfect. We source fees from each provider's published schedule and calculate at standard pot sizes, but your actual costs may differ due to fund choice, wrapper type, legacy products, employer-negotiated rates, or fee changes after our last review. This dataset was last fetched on 2026-04-14. Always verify with your provider before making any decision.
15
Providers compared
£750
Fee spread at £100,000 pot
£0
Cheapest at £100,000 (InvestEngine)
Fee comparison table
Annual platform fee in pounds at six standard pot sizes. Click any column header to sort. Cheapest in each column highlighted.
| Provider | Fee model | £25k | £50k | £100k ↑ | £250k | £500k | £1M | Verified |
|---|---|---|---|---|---|---|---|---|
| InvestEngine | Zero platform fee | £0 | £0 | £0 | £0 | £0 | £0 | Q1 2026 |
| Interactive Investor | Flat monthly fee | £72 | £72 | £72 | £180 | £180 | £180 | Q2 2026 |
| Vanguard Investor | Percentage, capped | £48 | £75 | £150 | £375 | £375 | £375 | Q2 2026 |
| Scottish Widows | Percentage, capped | £63 | £125 | £198 | £198 | £198 | £198 | Q2 2026 |
| AJ Bell Youinvest | Tiered percentage | £63 | £125 | £250 | £625 | £875 | £875 | Q2 2026 |
| Legal & General | Flat percentage | £63 | £125 | £250 | £625 | £1,250 | £2,500 | Q2 2026 |
| NEST | AMC + contribution charge | £75 | £150 | £300 | £750 | £1,500 | £3,000 | Q1 2026 |
| Hargreaves Lansdown | Tiered percentage | £88 | £175 | £350 | £875 | £1,500 | £2,000 | Q2 2026 |
| Fidelity Personal Investing | Tiered percentage | £88 | £175 | £350 | £875 | £1,375 | £2,375 | Q1 2026 |
| Aviva | Tiered percentage | £100 | £190 | £365 | £890 | £1,415 | £2,165 | Q2 2026 |
| PensionBee | Percentage (varies by plan) | £125 | £250 | £500 | £875 | £1,500 | £2,750 | Q2 2026 |
| Aegon | Tiered percentage, capped above £250k | £150 | £290 | £540 | £1,215 | £1,215 | £1,215 | Q2 2026 |
| Standard Life | Whole-pot percentage tiers | £150 | £300 | £550 | £1,125 | £2,000 | £4,000 | Q2 2026 |
| Royal London | Tiered percentage (all-in AMC) | £188 | £367 | £613 | £1,288 | £2,303 | £4,269 | Q2 2026 |
| Nutmeg (JP Morgan) | Percentage (varies by portfolio type) | £188 | £375 | £750 | £1,275 | £2,150 | £3,900 | Q2 2026 |
Platform fees only. Fund-level charges (OCFs) are additional. See each provider's page for full fee breakdown.
How fees scale with pot size
The same data as a chart. Flat-fee and capped providers flatten out; percentage-fee providers keep climbing. The gap widens dramatically above £100,000.
Understanding fee models
Not all fee structures work the same way. The cheapest provider at £25,000 is not necessarily the cheapest at £500,000.
Tiered percentage
A percentage of your pot, with the rate dropping at higher balances. Common structure: 0.25%–0.45% on the first tranche, reducing above £250,000. Cost scales with pot size but the effective rate falls as your pot grows.
Used by: HL, AJ Bell, Fidelity, Aviva, Aegon, Standard Life, Royal London
Flat monthly fee
A fixed monthly charge regardless of pot size. Best value for larger pots where the effective percentage rate approaches zero. Less competitive for small pots where the flat fee represents a higher percentage.
Used by: Interactive Investor
Percentage, capped
A percentage fee with a maximum annual cap. Below the cap threshold you pay the percentage; above it you pay the fixed cap amount. Combines the advantages of both models.
Used by: Vanguard (£375 cap), Scottish Widows (£198 cap)
AMC + contribution charge
An annual management charge on the pot plus a separate charge deducted from each contribution before it enters the pot. The contribution charge is invisible unless you look for it and compounds over decades.
Used by: NEST (0.3% AMC + 1.8% on contributions)
Methodology
How fees are sourced
Each provider's fees are taken from their published fee schedule or charges guide. We link to the exact source page for every provider. No data is scraped from third parties or estimated.
What's included
Platform fees only – the charge levied by the provider for holding your pension on their platform. This is sometimes called the administration charge, service charge, or custody fee.
What's excluded
- Fund-level charges (OCFs/TERs) – these vary by fund choice
- Dealing/trading charges for shares and ETFs
- Exit fees, transfer fees, or drawdown charges
- Adviser fees (for adviser-intermediated platforms)
Standard pot sizes
Fees are calculated at six standard pot sizes (£25,000, £50,000, £100,000, £250,000, £500,000, £1,000,000) for consistent comparison. Tiered fees are calculated using each provider's published tier structure.
Update cadence
Fee data is re-verified quarterly. Each provider entry shows a Last verified date. If you spot an error, email hello@pensionbible.co.uk.
Provider fee sources
- Hargreaves Lansdown: www.hl.co.uk/charges-and-interest-rates (Q2 2026)
- Vanguard Investor: www.vanguardinvestor.co.uk/what-we-offer/fees-explained (Q2 2026)
- Interactive Investor: www.ii.co.uk/ii-accounts/our-charges (Q2 2026)
- AJ Bell Youinvest: www.ajbell.co.uk/charges (Q2 2026)
- PensionBee: www.pensionbee.com/uk/plans (Q2 2026)
- Fidelity Personal Investing: www.fidelity.co.uk/fees-and-charges (Q1 2026)
- Aviva: www.aviva.co.uk/retirement/pension-charges (Q2 2026)
- NEST: www.nestpensions.org.uk/schemeweb/nest/about-nest/charges.html (Q1 2026)
- InvestEngine: investengine.com/fees (Q1 2026)
- Nutmeg (JP Morgan): www.nutmeg.com/fees (Q2 2026)
- Royal London: adviser.royallondon.com/pensions/personal-pensions/pension-portfolio (Q2 2026)
- Scottish Widows: www.scottishwidows.co.uk/assets/literature/docs/costsandcharges.pdf (Q2 2026)
- Standard Life: www.standardlife.co.uk/pensions/personal-pension/sipp-charges (Q2 2026)
- Legal & General: www.legalandgeneral.com/retirement/pensions/guides/pension-charges (Q2 2026)
- Aegon: www.aegon.co.uk/adviser/our-solutions/savings-for-individuals/aegon-retirement-choices/charges (Q2 2026)
Licence and citation
This dataset is published under the Creative Commons Attribution 4.0 International (CC-BY 4.0) licence. You are free to use, share, adapt, and build on this data for any purpose – including commercial use – as long as you provide attribution.
Suggested citation
- •All fees shown are platform/administration charges only. Fund-level charges (OCFs) are additional and vary by fund choice.
- •Fees are sourced from each provider’s published fee schedule and verified quarterly. Actual fees may differ — always check with your provider.
- •Workplace pension charges are typically employer-negotiated and lower than the retail rates shown here.
- •This dataset is not financial advice. It is a factual record of published fee schedules for comparison purposes.
- •Some providers use all-in AMCs that include fund charges (noted in caveats). Direct comparison with platform-only fees requires adjustment.
Want to see what fees cost you over time?
This page presents factual fee data and is not financial advice. The cheapest platform is not necessarily the best choice – fund range, service quality, and your personal circumstances all matter.
For personalised guidance, speak to an FCA-regulated financial adviser via Unbiased or VouchedFor.