Enter your pot size to see what 20 flexi-access drawdown platforms would charge you each year, ranked from their published fees. No sign-up, no email — just the numbers.
Free to use. Ranked by cost alone. Guidance, not personal advice. Fees checked 24 Jun to 24 Sept 2026.
On a £250,000 pot, for fully priced platforms that charge separately for funds, platform and withdrawal charges range from £0 (InvestEngine) to £1,125 (Standard Life) a year, before fund charges. Plans that include fund or management charges in one fee: £1,225–£1,350.
Compare published fees from UK pension drawdown and SIPP platforms in one place. The site is independent and free for the user. Pages are guidance only — they are not regulated advice.
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Estimated yearly platform and drawdown administration charges from published fees, assuming monthly income, no deals, funds held. Fund charges are extra unless noted. Platform charges assume you hold funds. Some platforms cap charges on shares, ETFs and investment trusts, which can be much lower. Platforms with a charge that is not published are listed after the fully priced ones, with that charge named. Use the live comparison to enter your own pot size and how you take money out.
Data as at 24 Jun to 24 Sept 2026.
| # | Platform | Yearly cost | Checked |
|---|---|---|---|
| 1 | InvestEngine | £0 | Fees checked 3 Sept 2026 |
| 2 | Interactive Investor | £180 | Fees checked 23 Sept 2026 |
| 3 | Scottish Widows | £198 | Fees checked 24 Jun 2026 |
| 4 | Barclays Direct Investing (formerly Smart Investor) | £270 | Fees checked 3 Sept 2026 |
| 5 | Vanguard | £375 | Fees checked 23 Sept 2026 |
| 6 | IG | £390 | Fees checked 23 Sept 2026 |
| 7 | EQi | £431 | Fees checked 23 Sept 2026 |
| 8 | Fidelity Personal Investing | £500 | Fees checked 23 Sept 2026 |
| 9 | AJ Bell Youinvest | £625 | Fees checked 23 Sept 2026 |
| 10 | Legal & General | £625 | Fees checked 23 Sept 2026 |
| 11 | Charles Stanley Direct | £660 | Fees checked 23 Sept 2026 |
| 12 | Aviva | £875 | Fees checked 23 Sept 2026 |
| 13 | Hargreaves Lansdown | £875 | Fees checked 23 Sept 2026 |
| 14 | Bestinvest | £1,000 | Fees checked 23 Sept 2026 |
| 15 | Standard Life | £1,125 | Fees checked 23 Sept 2026 |
| 16 | PensionBee (Includes fund charges) | £1,225 | Fees checked 23 Sept 2026 |
| 17 | J.P. Morgan Personal Investing (formerly Nutmeg) (Includes investment management) | £1,275 | Fees checked 23 Sept 2026 |
| 18 | Penfold (Includes fund charges) | £1,350 | Fees checked 23 Sept 2026 |
| – | CMC Invest (plus unpublished charge: regular income payments) | £132 | Fees checked 3 Sept 2026 |
| – | Moneybox (plus unpublished charge: regular income payments) | £150 | Fees checked 23 Sept 2026 |
The value of investments can fall as well as rise. You may get back less than you invest.
Free, impartial guidance: Pension Wise offers free appointments to people aged 50 or over with a defined contribution pension, and MoneyHelper’s investment pathways comparison tool compares drawdown providers’ ready-made options. Both are backed by the government.
The full comparison covers 20 providers: Vanguard, Interactive Investor, AJ Bell Youinvest, Hargreaves Lansdown, Fidelity Personal Investing, Bestinvest, Charles Stanley Direct, PensionBee, Aviva, Standard Life, Scottish Widows, IG, Legal & General, J.P. Morgan Personal Investing (formerly Nutmeg), InvestEngine, Barclays Direct Investing (formerly Smart Investor), EQi, Moneybox, CMC Invest, Penfold.
It depends on your pot size and how you invest. Percentage-fee platforms (for example Vanguard at 0.15% a year, capped at £375) tend to be cheaper on smaller pots; flat-fee platforms can cost less on larger pots. Enter your own pot size in the comparison above to see every platform ranked. Every platform we list offers flexi-access drawdown.
You usually pay a platform or product charge (a percentage of your pot or a flat fee), sometimes a separate drawdown or SIPP administration fee, fund charges on the investments you hold, and dealing charges when you buy or sell. Our comparison shows the platform and drawdown administration charges for your pot size; fund charges depend on the investments you choose and are shown separately.
Yes. You can usually transfer a drawdown pension to another provider, and most platforms we list do not charge exit fees. Transfers commonly take a few weeks. Check for exit charges, any guaranteed benefits you would give up and time out of the market before switching.
A SIPP (self-invested personal pension) is the pension wrapper that holds your investments. Drawdown is how you take money out of it: you keep the pot invested and withdraw income or lump sums when you choose. Most SIPPs offer flexi-access drawdown.
There is no legal limit. Normally up to 25% can be taken tax-free (subject to the £268,275 lump sum allowance), and the rest is taxed as income. Taking too much too early risks running out of money, so it is worth modelling different withdrawal rates. Our drawdown calculator can help.