A side-by-side comparison of what PensionBee and J.P. Morgan Personal Investing (formerly Nutmeg) charge for pension drawdown, and what you get for it. On published charges alone, PensionBee works out cheaper at all three pot sizes modelled below.
| Provider | Published fee structure |
|---|---|
| PensionBee | 0.50%–0.95% (fees halved for pots over £100k) |
| 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%) |
| Pot size | PensionBee | J.P. Morgan Personal Investing (formerly Nutmeg) | Cheaper |
|---|---|---|---|
| £100,000 pot | £700 | £750 | PensionBee is cheaper |
| £250,000 pot | £1,225 | £1,275 | PensionBee is cheaper |
| £500,000 pot | £2,100 | £2,150 | PensionBee 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.