Provider fees

PensionBee pension fees and charges

Last verified: Q2 2026 · Source: provider fee page

Direct answer: PensionBee charges 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.. On a £100,000 pot that is £500/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

0.50%–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) · SIPP available · Retail only

Annual representative charge by pot size

Representative provider/platform charge. Fund charges and adviser charges may be additional unless the provider note says they are included: Included in the headline fee (all-in charge)

Note: PensionBee fees vary by plan. Figures shown use the Tracker plan (0.50%). Other plans: Preserve (0.50%), Global Leaders (0.70%), Climate (0.75%), 4Plus (0.85%), Shariah (0.95%). Fee is halved above £100k on all plans. A £150 withdrawal fee applies if you withdraw your full pot within the first year. Always check the specific plan you're considering on PensionBee's website.

PensionBee's value proposition is simplicity: consolidate old pots in minutes, pick one of six pre-built plans, and let the provider manage the portfolio. The mobile app and transfer process are central to the product. The trade-off is cost — 0.50% is significantly more expensive than Vanguard (0.15%) or a flat-fee SIPP, and there's no option to pick your own funds. PensionBee is positioned for people who want a low-decision pension experience and are willing to pay for convenience. Hands-on investors or people with larger pots may find materially lower platform charges on self-directed SIPPs.

Strengths

+Fastest pension consolidation in the UK
+Excellent mobile app
+Simple all-in fee (no hidden OCF)
+Easy to understand — no investment jargon

Limitations

–More expensive than self-directed platforms
–No individual fund or share selection
–Limited to 6 pre-built plans
–Fee doesn't reduce as much for larger pots

Details

Fund rangePre-built plans (Tracker, Global Leaders, 4Plus, Climate, Shariah, Preserve) — no individual fund or share selection

Minimum investmentNo minimum

Typical fund OCFIncluded in the headline fee (all-in charge)

SIPP/direct pensionSIPP available

Compare PensionBee pension fees with

PensionBee vs HL PensionBee vs Vanguard PensionBee vs ii PensionBee vs AJ Bell PensionBee vs InvestEngine PensionBee vs Nutmeg PensionBee vs Fidelity PensionBee vs NEST

PensionBee pension fees FAQ

What are PensionBee pension charges in 2026?

PensionBee's representative published charging model is: 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.. 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.

Is PensionBee a SIPP?

PensionBee is a personal pension provider focused on combining old pensions into managed plans. It is not a self-directed SIPP platform in the same way as AJ Bell or Interactive Investor because users choose from PensionBee plans rather than individual funds and shares.

How do PensionBee fees compare with AJ Bell and Vanguard?

PensionBee's charges vary by plan and are simple to understand, while AJ Bell and Vanguard are self-directed platforms with different fee structures and investment ranges. The comparison is not only price: investment choice, service model, transfer process and whether you want managed plans all matter.

All providers

HL Vanguard ii AJ BellPensionBeeFidelity Aviva NEST InvestEngine Nutmeg Royal London Sc. Widows Std Life L&G Aegon

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.