How much are fees really costing your pension?
Compare two fixed annual fee assumptions and see how they affect an illustrative pot over time.
About this illustration
How does this calculator work?
Each year, the pot is multiplied by one plus the assumed growth rate minus the annual fee rate. There are no contributions or withdrawals. Rates stay constant; values are nominal, before inflation.
Is the shortfall the same as fees paid?
No. The difference from the zero-fee projection includes both charges and the growth those charges would otherwise have earned. The comparison between two fee rates is also a difference in projected pot values.
Does this compare actual provider charges?
No. Fixed fees, tiers, caps, fund charges, dealing costs and contribution charges need separate assessment. The inputs are illustrative percentage rates, not current provider quotes. Our fee dataset records representative schedules and their scope.
Does a lower fee show which pension is suitable?
No. This model compares fee assumptions only. It does not assess investments, benefits, guarantees, service or the consequences of transferring a pension.