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NEST pension fees and charges

Product record reviewed: 2026-04-29 · Fee schedule checked: 2026-09-11 · Source: provider fee page

Direct answer: NEST charges 0.3% AMC + 1.8% contribution charge on every contribution. On a £100,000 pot that is £300/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.

Fee model
0.3% AMC + 1.8% contribution charge on every contribution
AMC + contribution charge · No direct SIPP · Workplace available
Annual representative charge by pot size
£25,000 pot
£75/yr
0.30% effective
£50,000 pot
£150/yr
0.30% effective
£100,000 pot
£300/yr
0.30% effective
£250,000 pot
£750/yr
0.30% effective
£500,000 pot
£1,500/yr
0.30% effective
£1,000,000 pot
£3,000/yr
0.30% effective
Annual figures displayed to the nearest pound. Representative provider/platform charge. Fund charges and adviser charges may be additional unless the provider note says they are included: Included in the 0.3% AMC
Note: The table includes only the 0.30% AMC. Add 1.8% of contributions paid into the pot to understand the contribution charge. Transfers into NEST are not subject to that contribution charge. Check employer contributions and scheme terms before changing a workplace arrangement.

NEST charges an annual management charge on the pot and a separate charge on contributions. The table includes only the 0.30% annual charge, assuming no new contributions. A £1,000 contribution incurs a further £18 charge. Employer payments and scheme terms matter when considering any change to an active workplace pension.

Strengths
  • +Published annual and contribution charge rates
  • +Fund management included in the AMC
Limitations
  • –New contributions incur a separate 1.8% charge
  • –The annual pot table excludes contribution charges
Details
Fund range5 fund choices (retirement date funds, ethical, Sharia, higher risk, lower growth)
Minimum investmentNo minimum (auto-enrolment)
Typical fund OCFIncluded in the 0.3% AMC
SIPP/direct pensionNo direct SIPP
Compare NEST pension fees with
NEST vs VanguardNEST vs PensionBee
NEST pension fees FAQ

What are NEST pension charges in 2026?

NEST's representative published charging model is: 0.3% AMC + 1.8% contribution charge on every contribution. 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.

All providers
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Things to consider
  • •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.
This provider comparison is general information based on published charge schedules, not financial advice or a personal recommendation. Verify current fees and product terms with the provider and check FCA authorisation before acting.