Compare UK Pension Drawdown Providers

Every provider we track, with its published platform charging structure and a side-by-side cost comparison against the rest of the market. Pick a provider to see what it would cost on your pot size.

All 30 providers

Provider Platform charging structure Detail
Aegon ARC SIPP: 0.60% to £30k, 0.55% to £50k, 0.50% to £100k, 0.45% to £250k, 0% above £250k, plus £75/year drawdown fee Review
AJ Bell Youinvest 0.25% on first £250k, 0.10% on next £250k, 0% over £500k Review
Aviva 0.35% a year on the first £500,000, with no charge above £500,000 (drawdown included) Review
Barclays Direct Investing (formerly Smart Investor) £0 customer fee; SIPP administration £125 + VAT a year (£150); flexi-access drawdown £100 + VAT a year (£120) plus £75 + VAT set-up Review
Bestinvest 0.40% up to £250k, 0.20% £250k–£500k, 0.10% £500k–£1m, 0% over £1m Review
Charles Stanley Direct 0.30% flat platform charge (minimum £60, capped at £600 a year) Review
CMC Invest Premium plan £10.99 a month (£131.88 a year) for SIPP access; £0 dealing commission Review
Dodl (AJ Bell) 0.15% account charge a year (minimum £1 a month) Review
EQi EQi subscription £4.99/mo under £50k or £10.99/mo at £50k+; SIPP administration £118.80 a year (Platform One) Review
Fidelity Personal Investing 0.35% up to £250k, 0.20% over £250k Review
Freetrade £0 SIPP account fee on all plans; £240 per UFPLS withdrawal Review
Hargreaves Lansdown 0.35% first £250k, 0.25% £250k–£1m, 0.10% £1m–£2m, 0% over £2m Review
IG £210 flat annual fee Review
Interactive Investor Tiered flat monthly fee: Core £5.99/mo, Plus £14.99/mo, Premium £39.99/mo Review
InvestEngine £0 SIPP account fee and £0 dealing; ETF ongoing charges apply Review
J.P. Morgan Personal Investing (formerly Nutmeg) Fully Managed: 0.75% on the first £100k then 0.35% above (Fixed Allocation: 0.45% then 0.25%) Review
Legal & General 0.25% service charge a year (plus fund charges); direct drawdown uses investment pathway funds Review
Moneybox Moneybox funds: 0.15% service fee capped at £150 a year (plus 0.29% fund fee). Other providers’ funds: 0.45% service fee, no cap Review
Nucleus (formerly James Hay) Nucleus Flexi SIPP: 0.27% to £500k, 0.175% £500k-£1m, 0.05% over £1m, plus £192 + VAT income drawdown charge Review
Penfold Default Plan 0.75% a year all-in (0.73% deducted + 0.02% fund expenses); no benefits withdrawal fees Review
PensionBee 0.50%–0.95% (fees halved for pots over £100k) Review
Prudential 0.40%–0.70% annual management charge (tiered) Review
Quilter 0.35% first £50k, 0.25% £50k–£250k, 0.20% £250k–£750k, 0.15% over £750k Review
Royal London 0.35% annual management charge Review
Scottish Widows 0.25% a year, capped at £16.50/month (£198/year) - Share Dealing SIPP Review
St James's Place Ongoing: 0.80% advice + 0.35% product (tiered to 0.25%) + fund 0.09-0.69%; initial advice 3%/2%/1% (from Aug 2025) Review
Standard Life Tiered: £524 (<£100k), £328 (£100k–£250k), £197 (£250k–£500k), £0 (£500k+) plus £158 drawdown fee Review
Trading 212 £0 SIPP account, custody, trading commission and transfer fee; 0.15% FX when currency conversion is needed Review
True Potential 0.40% platform fee plus 0.50% ongoing advice (Central Advice Service) Review
Vanguard 0.15% flat fee (capped at £375 annually) Review

What these figures do and do not include

The charging structures above are the platform or product charge each provider publishes. They are only part of what you pay. Fund charges apply on top and vary with what you hold — typically 0.10% to 0.50% a year for trackers, and more for actively managed funds. Some providers also apply dealing charges, drawdown set-up fees or annual drawdown administration fees, which are set out on the individual comparison pages.

Because the structures differ — percentage tiers, flat monthly fees, capped percentages — the cheapest provider changes with pot size. A flat fee that looks expensive on a £50,000 pot can be the cheapest option on a £500,000 one. That is why each comparison page takes a pot size rather than publishing a single ranking.

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