A side-by-side comparison of what Hargreaves Lansdown and Interactive Investor charge for pension drawdown, and what you get for it. On published charges alone, Interactive Investor works out cheaper at all three pot sizes modelled below.
| Provider | Published fee structure |
|---|---|
| Hargreaves Lansdown | 0.35% first £250k, 0.25% £250k–£1m, 0.10% £1m–£2m, 0% over £2m |
| Interactive Investor | Tiered flat monthly fee: Core £5.99/mo, Plus £14.99/mo, Premium £39.99/mo |
| Pot size | Hargreaves Lansdown | Interactive Investor | Cheaper |
|---|---|---|---|
| £100,000 pot | £350 | £102 | Interactive Investor is cheaper |
| £250,000 pot | £875 | £252 | Interactive Investor is cheaper |
| £500,000 pot | £1,500 | £252 | Interactive Investor is cheaper |
Platform and product charges only. Fund charges depend on what you actually invest in and are excluded, because they vary by fund rather than by provider. Enter your own pot size in the calculator on this page for a figure matched to your circumstances.