Hargreaves Lansdown pension fees and charges
Direct answer: Hargreaves Lansdown charges 0.35% on first £250k, 0.25% on £250k–£1M, 0.1% on £1M–£2M, 0% above £2M. On a £100,000 pot that is £350/year in annual provider/platform fee, and on a £500,000 pot it is £1,500/year. Fund charges and product-specific caveats may apply.
Hargreaves Lansdown is the UK's largest retail investment platform by AUM and the name many people think of first when they hear 'SIPP'. The platform is polished, the research tools are extensive, and customer service scores are a major part of the proposition. The trade-off is cost: HL's 0.35% headline fee is among the higher of the major platforms, and the tiered structure means large pots pay significantly more than they would on a flat-fee or lower percentage-fee platform. For pots above £100,000, the annual fee gap versus Vanguard or Interactive Investor runs into hundreds or thousands of pounds per year. The fit depends on whether the user values research, customer service, and breadth of investment options enough to accept the higher platform charge.
- +Strong customer service reputation
- +Wide fund and share range
- +Extensive research and tools
- +Strong mobile app
- –Most expensive major platform by percentage fee
- –Dealing charges on shares (£6.95 per trade)
- –No flat-fee option for large pots
What are Hargreaves Lansdown pension charges in 2026?
Hargreaves Lansdown's representative published charging model is: 0.35% on first £250k, 0.25% on £250k–£1M, 0.1% on £1M–£2M, 0% above £2M. The figures on this page show provider/platform/admin charges by pot size. Fund charges, adviser charges, workplace terms and product-specific charges may differ, so check the provider fee schedule before acting.
- •Fees shown are representative provider, platform or admin charges. Some rows are platform/admin fees only; Royal London's Governed Range AMC includes Royal London fund management.
- •Fee structures change without notice. Always verify the current fee on the provider's website before making any decision.
- •The lowest headline fee is only one comparison point. Fund range, service, platform features, investment choice, adviser access, and product restrictions also matter.
- •Transferring a pension may involve exit fees, loss of guaranteed benefits, or loss of employer contributions. Check before you transfer.
- •This page is factual information based on published fee schedules, not a recommendation to use or avoid any provider.
- •For personal recommendations, speak to an FCA-regulated financial adviser and check the FCA register.