Pension fees on a £75,000 pot — above-average — fees matter more.
How much do pension fees cost on a £75,000 pot? Compare the long-term impact of high-fee workplace pensions versus low-cost SIPPs.
£75,000 puts you above the median UK pension wealth for everyone aged under 55. At this stage, fees are a big enough number in absolute terms that they're worth optimising. The headline insight: a 1% fee on £75,000 is £750 a year — about the same as a decent monthly contribution. Reducing your charges from 1% to 0.3% effectively gives you £525 a year of extra contributions for free, every single year, compounding for the rest of your working life. Run the calculator below to see what that's worth on your specific time horizon. Then check whether your workplace scheme allows partial transfers — many do, and you can usually keep contributing into the workplace pot while moving the bulk of your accumulated savings to a cheaper provider.