A side-by-side comparison of what Hargreaves Lansdown and Vanguard charge for pension drawdown, and what you get for it. On published charges alone, Vanguard 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 |
| Vanguard | 0.15% flat fee (capped at £375 annually) |
| Pot size | Hargreaves Lansdown | Vanguard | Cheaper |
|---|---|---|---|
| £100,000 pot | £350 | £150 | Vanguard is cheaper |
| £250,000 pot | £875 | £375 | Vanguard is cheaper |
| £500,000 pot | £1,500 | £375 | Vanguard 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.