How Legal & General published pension drawdown fees compare against the UK providers we track. Enter your pot size above for personalised cost calculations. Guidance, not advice.
Legal & General: 0.25% service charge a year (plus fund charges); direct drawdown uses investment pathway funds
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 |