How Nucleus (formerly James Hay) published pension drawdown fees compare against the UK providers we track. Enter your pot size above for personalised cost calculations. Guidance, not advice.
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
The interactive calculator on this page shows actual annual costs for your pension pot size, including 10-year projections and potential savings from switching providers.
| Provider | Fee structure |
|---|---|
| Vanguard | 0.15% flat fee (capped at £375 annually) |
| Interactive Investor | Tiered flat monthly fee: Core £5.99/mo, Plus £14.99/mo, Premium £39.99/mo |
| AJ Bell Youinvest | 0.25% on first £250k, 0.10% on next £250k, 0% over £500k |
| Hargreaves Lansdown | 0.35% first £250k, 0.25% £250k–£1m, 0.10% £1m–£2m, 0% over £2m |
| Fidelity Personal Investing | 0.35% up to £250k, 0.20% over £250k |
| Bestinvest | 0.40% up to £250k, 0.20% £250k–£500k, 0.10% £500k–£1m, 0% over £1m |
| Charles Stanley Direct | 0.30% flat platform charge (minimum £60, capped at £600 a year) |
| PensionBee | 0.50%–0.95% (fees halved for pots over £100k) |
| 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 |
| Aviva | 0.35% a year on the first £500,000, with no charge above £500,000 (drawdown included) |
| Quilter | 0.35% first £50k, 0.25% £50k–£250k, 0.20% £250k–£750k, 0.15% over £750k |
| Standard Life | Tiered: £524 (<£100k), £328 (£100k–£250k), £197 (£250k–£500k), £0 (£500k+) plus £158 drawdown fee |
| Scottish Widows | 0.25% a year, capped at £16.50/month (£198/year) - Share Dealing SIPP |
| IG | £210 flat annual fee |
| Legal & General | 0.25% service charge a year (plus fund charges); direct drawdown uses investment pathway funds |
| Prudential | 0.40%–0.70% annual management charge (tiered) |
| 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) |
| True Potential | 0.40% platform fee plus 0.50% ongoing advice (Central Advice Service) |
| 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%) |
| Royal London | 0.35% annual management charge |
| 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 |
| InvestEngine | £0 SIPP account fee and £0 dealing; ETF ongoing charges apply |
| 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 |
| EQi | EQi subscription £4.99/mo under £50k or £10.99/mo at £50k+; SIPP administration £118.80 a year (Platform One) |
| 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 |
| CMC Invest | Premium plan £10.99 a month (£131.88 a year) for SIPP access; £0 dealing commission |
| Penfold | Default Plan 0.75% a year all-in (0.73% deducted + 0.02% fund expenses); no benefits withdrawal fees |