# Compare Drawdown

> Independent UK pension drawdown comparison. Compare the published charges of 20 UK DIY (non-advised) drawdown platforms, plus 24 adviser platforms and products. Operated by Arthur Browns Wealth Management Ltd, authorised and regulated by the Financial Conduct Authority (FCA No. 825843). Comparison information only, not personal financial advice.

Generated 21 October 2026 from the site's data files. Platform fees checked 24 June 2026 to 24 September 2026; drawdown charges checked 23 September 2026 to 24 September 2026. Full detail: https://comparedrawdown.co.uk/llms-full.txt

## Key pages

- [Compare UK Pension Drawdown Providers | Fees & SIPPs 2026](https://comparedrawdown.co.uk/): Compare published drawdown and SIPP fees side by side. Free UK tool — enter your pot size to see yearly platform charges. Guidance, not advice.
- [Pension Drawdown Calculator (UK) | Compare Drawdown](https://comparedrawdown.co.uk/pension-drawdown-calculator): Free pension drawdown calculator (UK). See how long a pot could last, with 2026/27 tax and published charges. Guidance from Compare Drawdown, not advice.
- [Pension Drawdown Fees Compared UK 2026 | Platform Charges](https://comparedrawdown.co.uk/fees-and-charges): Compare UK drawdown platform fees, dealing costs and exit charges in one table. Updated for 2026. Not personal advice.
- [UK Drawdown Cost Index 2026 | Pension Drawdown Charges Compared](https://comparedrawdown.co.uk/drawdown-cost-index): The UK Pension Drawdown Cost Index: annual charges for £100k, £250k and £500k pots across the UK drawdown providers we track. Lowest vs highest calculated cost, the full table and methodology, updated quarterly.
- [Drawdown vs Annuity Calculator (UK) | Compare Drawdown](https://comparedrawdown.co.uk/drawdown-vs-annuity): UK drawdown vs annuity calculator. Published annuity income beside how long the same pot could last in drawdown. Guidance, not advice.
- [Annuity Rates UK 2026 | Income From a £100,000 Pension Pot](https://comparedrawdown.co.uk/annuity-rates): Current UK annuity rates from Standard Life, Legal & General and Aviva. What a £100,000 pot buys at 55, 60, 65, 70 and 75, level and inflation-linked. Every figure sourced and dated.
- [Find Your Best Pension Drawdown Provider | UK Comparison 2026](https://comparedrawdown.co.uk/find-provider): Answer a few questions and find a pension drawdown provider that fits your pot size, investment style and income needs. Compare UK SIPP platforms instantly.
- [What Is Pension Drawdown? UK Guide to Flexible Income](https://comparedrawdown.co.uk/income-drawdown): Plain-English UK guide to flexi-access drawdown: how it works, tax, risks and SIPP withdrawal basics. Guidance, not advice.
- [What is an Annuity? | Guaranteed Pension Income for Life 2026](https://comparedrawdown.co.uk/annuities): Learn how annuities work, types available, and whether a guaranteed income for life suits your retirement. Compare with pension drawdown options.
- [What is Pension Drawdown? The Complete UK Guide 2026](https://comparedrawdown.co.uk/how-it-works): Everything you need to know about pension drawdown in 2026. How it works, tax rules, provider fees, and step-by-step guidance for UK retirees.
- [Compare Drawdown Providers UK | Side-by-Side Fees 2026](https://comparedrawdown.co.uk/compare): Side-by-side UK pension drawdown provider comparison using published platform charges. Free and independent.
- [Contact Compare Drawdown | Email](https://comparedrawdown.co.uk/contact): Contact Compare Drawdown using the message form. Independent UK pension drawdown comparison. Guidance, not regulated advice.
- [Pension Drawdown Blog | Expert UK Retirement Guides](https://comparedrawdown.co.uk/blog): Expert articles on pension drawdown, retirement planning, provider reviews and UK pension news. Written by qualified financial professionals.
- [How We Compare Drawdown Providers | Our Methodology](https://comparedrawdown.co.uk/how-we-compare): Learn how we independently compare pension drawdown providers. Our methodology covers fees, investment choice, service quality and more.
- [About | Phil Handley, Chartered Financial Planner](https://comparedrawdown.co.uk/about): Compare Drawdown is an independent UK pension drawdown comparison from Arthur Browns Wealth Management (FCA No. 825843). Content written and reviewed by Phil Handley, a Chartered Financial Planner.
- [Free UK Retirement Planner | Model Your Pension Income 2026](https://comparedrawdown.co.uk/retirement-planner): Free step-by-step UK retirement planner. Model your pension income, state pension, ISAs and drawdown strategy across your whole retirement.
- [Pension Drawdown Guide | Compare Drawdown](https://comparedrawdown.co.uk/ebook): Free UK pension drawdown guide for DIY investors and people approaching retirement. How drawdown works, tax, fees, withdrawals and a practical checklist. Guidance, not advice.
- [Pension Drawdown Glossary | UFPLS, MPAA & More Explained](https://comparedrawdown.co.uk/glossary): Plain-English definitions of the pension drawdown terms you will meet: flexi-access drawdown, UFPLS, MPAA, crystallisation, OCF, the Lump Sum Allowance and more.
- [When Can I Access My Pension? | Pension Age Calculator](https://comparedrawdown.co.uk/pension-access-age-calculator): Enter your date of birth to see when you can access a private or workplace pension, at 55 or from the minimum pension age of 57, and your State Pension age.
- [Pension Withdrawal Tax Calculator 2026/27 | Emergency Tax](https://comparedrawdown.co.uk/pension-withdrawal-tax-calculator): Estimate the emergency tax taken from a pension withdrawal or UFPLS, the tax actually due for 2026/27, the likely refund and which HMRC form to use. Not advice.
- [Lowest-cost drawdown platforms by pot size and use (2026)](https://comparedrawdown.co.uk/lowest-cost-drawdown-platforms): Which UK drawdown platforms cost least at £50k, £100k, £250k and £500k, for flat fees, free withdrawals, ready-made portfolios and shares. Published rules, dated data.
- [How to Switch Drawdown Provider Safely | UK Guide 2026](https://comparedrawdown.co.uk/switch-drawdown-provider): How to move a pension or drawdown plan to another provider: the steps, in-specie or cash transfers, exit fees, guarantees you could lose, and how to avoid scams.
- [Choosing a Drawdown Provider: What to Check Beyond Price](https://comparedrawdown.co.uk/choosing-a-drawdown-provider): A checklist for comparing drawdown providers beyond the platform fee: withdrawal and UFPLS charges, minimum pot, ready-made options, beneficiary drawdown and cash.
- [Advised Pension Drawdown Platforms Compared | UK 2026](https://comparedrawdown.co.uk/advised-drawdown): Compare the platform charges of 24 UK adviser platforms and products for drawdown — Transact, Quilter, Aberdeen, Nucleus, St James's Place and more — with an adviser's fee added, for your pot size.
- [Drawdown Fee Changes 2026 | Provider Price Tracker](https://comparedrawdown.co.uk/fee-changes): A dated log of UK pension drawdown and SIPP fee changes, plus updates to our comparison data. Every provider change links to the provider's own announcement.
- [Press & Media | Compare Drawdown Data and Comment](https://comparedrawdown.co.uk/press): Data, quotable statistics and expert comment on UK pension drawdown costs for journalists. Free to cite under CC BY 4.0.
- [Privacy Policy | Compare Drawdown](https://comparedrawdown.co.uk/privacy-policy): How Compare Drawdown collects, uses and protects your personal data. GDPR-compliant privacy policy for our UK pension comparison service.
- [Terms & Conditions | Compare Drawdown](https://comparedrawdown.co.uk/terms-conditions): Terms and conditions governing the use of Compare Drawdown, the UK pension drawdown comparison service.
- [Accumulation and income units | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/accumulation-and-income-units): Two versions of the same fund. Income units pay out dividends and interest as cash; accumulation units reinvest them automatically. In drawdown, some people…
- [Ad-hoc withdrawal | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/ad-hoc-withdrawal): A one-off payment from a drawdown pot, as opposed to a regular income.
- [Annual allowance | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/annual-allowance): The most that can be paid into your pensions in a tax year, by you and anyone else, before a tax charge applies: £60,000 for most people.
- [Annuity | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/annuity): An insurance product that turns some or all of your pension into a guaranteed income, usually for life.
- [Beneficiary drawdown | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/beneficiary-drawdown): When someone who inherits your pension keeps it invested and takes money from it as and when they need to, rather than taking it all as a lump sum.
- [Capped drawdown | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/capped-drawdown): An older form of drawdown with a limit on how much income you can take each year.
- [Carry forward | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/carry-forward): Using annual allowance you did not use in the previous three tax years, on top of this year's allowance, if you were a member of a registered pension scheme…
- [Cash buffer | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/cash-buffer): Money kept in cash inside or alongside a drawdown pot to cover the next one to three years of withdrawals, so that investments do not have to be sold after…
- [Cash interest | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/cash-interest): Interest earned on uninvested cash in your pension. Some platforms pass on most of it; others keep part of it as income. The FCA has been looking at this…
- [Cash transfer | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/cash-transfer): Moving a pension to a new provider by selling the investments, sending the money as cash and buying new investments at the other end.
- [Consumer Duty | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/consumer-duty): FCA rules that require regulated firms, including pension and platform providers, to act to deliver good outcomes for retail customers — covering price and…
- [Crystallisation | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/crystallisation): The point at which you start taking benefits from part or all of your pension — for example by moving it into drawdown or buying an annuity.
- [Dealing charge | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/dealing-charge): A fee each time you buy or sell an investment on a platform.
- [Defined benefit (DB) pension | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/defined-benefit): A workplace pension that pays an income based on your salary and years of membership, such as a final salary or career average scheme.
- [Defined contribution (DC) pension | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/defined-contribution): A pension where you build up a pot from contributions and investment growth, such as a SIPP, personal pension or most modern workplace pensions.
- [Dependant's drawdown | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/dependants-drawdown): Drawdown taken by a dependant — for example a spouse, civil partner or child under 23 — from pension funds they inherit.
- [Emergency tax | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/emergency-tax): When you first take taxable money from a pension, the provider often has no up-to-date tax code and applies an emergency code on a Month 1 basis, which can…
- [Enhanced annuity | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/enhanced-annuity): An annuity that pays a higher income because a health condition or lifestyle factor, such as smoking or high blood pressure, is expected to shorten life…
- [ETF | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/etf): A fund that trades on a stock exchange like a share, usually tracking an index.
- [Exit fee | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/exit-fee): A charge for transferring your whole pension to another provider.
- [Expression of wish | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/expression-of-wish): A form telling your pension scheme who you would like to receive your pension when you die.
- [FCA Register | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/fca-register): The public record of firms and individuals the Financial Conduct Authority authorises.
- [Financial Ombudsman Service | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/financial-ombudsman-service): A free, independent service that settles complaints between consumers and financial businesses, including platforms and advisers, when the firm has not…
- [Fixed-term annuity | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/fixed-term-annuity): An annuity that pays a guaranteed income for a set number of years rather than for life, and may pay a lump sum at the end that can be used to buy another…
- [Flat fee | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/flat-fee): A platform charge set in pounds rather than as a percentage of your pot, so it does not grow as your pot does.
- [Flexi-access drawdown | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/flexi-access-drawdown): The standard way to take a flexible income from a defined contribution pension: the pot stays invested and you withdraw as much or as little as you choose.
- [FSCS | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/fscs): The Financial Services Compensation Scheme, which can pay compensation if an authorised financial firm fails.
- [Guaranteed annuity rate | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/guaranteed-annuity-rate): A promise in some older pension policies to convert your pot into an annuity at a fixed rate, often far higher than rates available today.
- [Inflation risk | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/inflation-risk): The risk that rising prices reduce what your money can buy. A level income or cash savings lose buying power over time, which matters over a retirement that…
- [Inheritance tax on pensions | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/inheritance-tax-on-pensions): Under Finance Act 2026, for deaths on or after 6 April 2027, most unused pension funds and death benefits count towards the value of an estate for…
- [Investment fund | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/investment-fund): A pooled investment, such as a unit trust or OEIC, that spreads your money across many shares, bonds or other assets and is run by a fund manager or tracks…
- [Investment pathways | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/investment-pathways): Four ready-made investment options that drawdown providers must offer to people who move into drawdown without advice, each linked to a plan for the money —…
- [Investment trust | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/investment-trust): A company listed on the stock exchange that invests in other assets.
- [Joint life annuity | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/joint-life-annuity): An annuity that keeps paying, often at a reduced rate, to your spouse or partner after you die.
- [Lifestyling | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/lifestyling): An investment approach that automatically moves a pension into lower-risk assets as a set retirement date approaches.
- [Longevity risk | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/longevity-risk): The risk of living longer than your money lasts. In drawdown you carry this risk yourself; an annuity passes it to an insurer.
- [Lump Sum Allowance | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/lump-sum-allowance): The limit on the total tax-free cash most people can take from their pensions during their lifetime: £268,275, unless they hold a protection that gives a…
- [Lump Sum and Death Benefit Allowance | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/lsdba): The limit, £1,073,100 for most people, on the total of tax-free lump sums taken in your lifetime plus certain tax-free lump sums paid on your death before…
- [Marginal rate of tax | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/marginal-rate): The rate of income tax you pay on the next pound of income. Taxable pension withdrawals are added to your other income for the year, so a large withdrawal…
- [Minimum pot size | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/minimum-pot): The smallest pension some providers will accept before you can open a plan or start drawdown.
- [Money Purchase Annual Allowance | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/mpaa): Once you take taxable money from a defined contribution pension flexibly — such as a drawdown income or a UFPLS payment — the amount you can pay into…
- [Month 1 basis | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/month-1-basis): A way of working out PAYE that treats each payment on its own, as if you were paid that amount every month: one-twelfth of the personal allowance and tax…
- [Natural yield | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/natural-yield): The dividends and interest your investments pay out. Taking only the natural yield as income leaves the capital invested, although the amount paid can go…
- [Nominee's drawdown | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/nominee-drawdown): Drawdown taken from an inherited pension by someone who is not a dependant but was nominated by the pension holder or chosen by the scheme — for example an…
- [Normal minimum pension age | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/normal-minimum-pension-age): The earliest age you can usually take money from a personal pension: currently 55, rising to 57 from 6 April 2028, unless you have a protected pension age.
- [Ongoing charges figure | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/ocf): The yearly cost of running a fund, expressed as a percentage and taken from the fund's value.
- [Open market option | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/open-market-option): Your right to shop around for an annuity with any provider rather than taking the one your pension provider offers.
- [P45 | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/p45): A form showing your tax code and the pay and tax to date in the current tax year.
- [P50Z | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/p50z): The HMRC form to reclaim over-paid tax in the same tax year when you have emptied your pension pot, have stopped work and do not expect to go back, and have…
- [P53Z | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/p53z): The HMRC form to reclaim over-paid tax in the same tax year when you have emptied your pension pot and have other taxable income, such as a salary or…
- [P55 | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/p55): The HMRC form to reclaim over-paid tax in the same tax year after a flexible pension withdrawal that did not empty your pot, when you will not take any more…
- [Pension commencement lump sum | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/pension-commencement-lump-sum): The tax-free lump sum you can normally take when you start drawing a pension — usually up to 25% of the amount you crystallise, within the Lump Sum Allowance.
- [Pension death benefits | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/death-benefits): What happens to a defined contribution pension when you die.
- [Pension freedoms | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/pension-freedoms): The rules in force since 6 April 2015 that let people aged 55 or over (57 from April 2028) take their defined contribution pension however they choose — as…
- [Pension transfer | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/pension-transfer): Moving a pension from one provider or scheme to another, for example to consolidate old pots or to get lower charges or a better drawdown service.
- [Pension Wise | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/pension-wise): Free, impartial guidance from MoneyHelper, backed by the government, about your options for taking a defined contribution pension.
- [Pensions Ombudsman | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/pensions-ombudsman): A free, independent service that deals with complaints about how a pension scheme is run, such as delays or errors in paying benefits or making a transfer.
- [Personal allowance | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/personal-allowance): The amount of income you can have each tax year before paying income tax: £12,570 for most people.
- [Phased drawdown | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/phased-drawdown): Moving your pension into drawdown in stages rather than all at once, taking a slice of tax-free cash each time.
- [Platform | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/platform): An online service that holds your investments, including a SIPP, and lets you buy, sell and manage them in one place.
- [Platform fee | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/platform-fee): The yearly charge for holding your pension with a provider. It may be a percentage of your pot (often tiered or capped) or a flat £ fee. This is the main…
- [Protected tax-free cash | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/protected-tax-free-cash): A right in some older pensions to take more than 25% as tax-free cash.
- [Ready-made portfolio | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/ready-made-portfolio): A diversified set of investments chosen and managed for you, usually matched to a level of risk.
- [Rebalancing | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/rebalancing): Selling some of what has grown and buying more of what has fallen to bring your investments back to the mix you chose.
- [Recycling rule | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/recycling-rule): An HMRC rule that can treat tax-free cash as an unauthorised payment, with heavy tax charges, if it is used as a pre-planned step to increase pension…
- [Regular income charge | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/income-payment-charge): A fee some providers charge for paying you a regular drawdown income, on top of the platform fee.
- [Robo-adviser | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/robo-adviser): An online service that puts your money into a ready-made portfolio based on your answers to questions about risk and goals.
- [Safeguarded benefits | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/safeguarded-benefits): Pension benefits other than money purchase or cash balance benefits, such as a defined benefit pension or a guaranteed annuity rate.
- [ScamSmart | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/scamsmart): The FCA's campaign and online tools to help people spot and avoid investment and pension scams, including a Warning List of firms to avoid.
- [Scottish income tax | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/scottish-income-tax): If you live in Scotland, your pension income and earnings are taxed at Scottish rates.
- [Sequence of returns risk | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/sequence-of-returns-risk): The risk that poor investment returns early in retirement, while you are also taking withdrawals, cause a pot to run out much sooner than the same returns…
- [Serious ill-health lump sum | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/serious-ill-health-lump-sum): A payment of your whole pension as a lump sum when a doctor confirms you are expected to live less than a year.
- [SIPP | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/sipp): A personal pension that lets you choose your own investments from a wide range, such as funds, ETFs, shares and investment trusts.
- [Small pots lump sum | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/small-pots-lump-sum): A way to cash in a pension worth £10,000 or less in one go. You can take up to three from personal pensions in your lifetime; different limits apply to…
- [State Pension age | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/state-pension-age): The age you can start getting the State Pension. It is rising from 66 to 67 for people born on or after 6 April 1960, and the law provides for a further…
- [Successor's drawdown | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/successor-drawdown): Drawdown taken by someone who inherits a pension that was already inherited — for example a grandchild receiving what was left in a parent's nominee drawdown.
- [Tapered annual allowance | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/tapered-annual-allowance): A reduced annual allowance for people with very high incomes.
- [Targeted support | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/targeted-support): A form of help, allowed by the FCA from 6 April 2026, where authorised firms such as pension providers can suggest options designed for groups of customers…
- [Tax code | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/tax-code): The code HMRC gives your employer or pension provider to work out how much tax to take.
- [Tiered charge | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/tiered-charge): A percentage platform fee that falls on each slice of your pot above set thresholds — for example one rate on the first £250,000 and a lower rate on the rest.
- [Transaction costs | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/transaction-costs): The costs a fund pays when it buys and sells investments, reported separately from the ongoing charges figure.
- [Transfer in specie | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/transfer-in-specie): Moving a pension to a new provider without selling the investments, so they are re-registered rather than cashed in and you stay invested throughout.
- [Trivial commutation lump sum | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/trivial-commutation): A way to take a small defined benefit or scheme pension as a one-off lump sum when the total value of your pension savings is £30,000 or less.
- [UFPLS | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/ufpls): Taking a lump sum straight from a pension that has not yet been moved into drawdown.
- [Withdrawal rate | Pension Drawdown Glossary](https://comparedrawdown.co.uk/glossary/withdrawal-rate): The share of your pot you take out each year. Higher rates raise the chance of running out of money; rules of thumb such as 3–4% are only a starting point…

## DIY drawdown providers compared (20)

- [Vanguard](https://comparedrawdown.co.uk/provider/vanguard): 0.15% flat fee (capped at £375 annually; minimum £48 a year, £4 a month, below £32,000) (platform fee checked 23 September 2026; drawdown charges checked 23 September 2026)
- [Interactive Investor](https://comparedrawdown.co.uk/provider/interactive-investor): SIPP: Core £5.99/mo (£71.88/yr, pots up to £100k); Plus £14.99/mo (£179.88/yr); Premium £39.99/mo (£479.88/yr). Each price already includes the pension admin fee (£2.50/mo on Core, £6/mo on Plus and Premium) (platform fee checked 23 September 2026; drawdown charges checked 23 September 2026)
- [AJ Bell Youinvest](https://comparedrawdown.co.uk/provider/aj-bell): 0.25% to £250k, 0.10% £250k–£500k, 0% over £500k (shares & ETFs capped at £10/month) (platform fee checked 23 September 2026; drawdown charges checked 23 September 2026)
- [Hargreaves Lansdown](https://comparedrawdown.co.uk/provider/hargreaves-lansdown): 0.35% first £250k, 0.25% £250k-£1m, 0.10% £1m-£2m, 0% over £2m (£150 annual cap for shares) (platform fee checked 23 September 2026; drawdown charges checked 23 September 2026)
- [Fidelity Personal Investing](https://comparedrawdown.co.uk/provider/fidelity): 0.35% up to £250k, 0.20% over £250k (minimum £90 a year) (platform fee checked 23 September 2026; drawdown charges checked 23 September 2026)
- [Bestinvest](https://comparedrawdown.co.uk/provider/bestinvest): 0.40% up to £250k, 0.20% £250k-£500k, 0.10% £500k-£1m, 0% over £1m (minimum £120 a year, £10 a month) (platform fee checked 23 September 2026; drawdown charges checked 23 September 2026)
- [Charles Stanley Direct](https://comparedrawdown.co.uk/provider/charles-stanley-direct): 0.30% flat platform charge (minimum £60, capped at £600 a year); SIPP admin £100+VAT (waived over £30k); drawdown payroll £50+VAT a year; £25+VAT per ad-hoc withdrawal (platform fee checked 23 September 2026; drawdown charges checked 23 September 2026)
- [PensionBee](https://comparedrawdown.co.uk/provider/pensionbee): 0.50%–0.95% depending on plan, halved on the portion over £100k (≈0.70% on a typical plan) (platform fee checked 23 September 2026; drawdown charges checked 24 September 2026)
- [Aviva](https://comparedrawdown.co.uk/provider/aviva): 0.35% a year on the first £500,000, with no charge above £500,000 (drawdown included) (platform fee checked 23 September 2026; drawdown charges checked 23 September 2026)
- [Standard Life](https://comparedrawdown.co.uk/provider/standard-life): 0.45% annual charge (Standard Life Personal Pension; plus ~0.10% fund charge), no dealing, switching or exit fees (platform fee checked 24 September 2026; drawdown charges checked 23 September 2026)
- [Scottish Widows](https://comparedrawdown.co.uk/provider/scottish-widows): 0.25% a year, capped at £16.50/month (£198/year) - Share Dealing SIPP (platform fee checked 24 June 2026; drawdown charges checked 23 September 2026)
- [IG](https://comparedrawdown.co.uk/provider/ig): £210/year SIPP admin fee plus a yearly drawdown income fee of £240 (monthly), £180 (quarterly) or £150 (twice-yearly or yearly), both via Options UK; £300 per crystallisation; no IG custody fee (removed January 2026). Our cost assumes quarterly income (platform fee checked 23 September 2026; drawdown charges checked 23 September 2026)
- [Legal & General](https://comparedrawdown.co.uk/provider/legal-and-general): 0.25% service charge a year plus fund charge 0.14%–0.31% (four investment pathway funds; Personal Pension drawdown, not a full SIPP) (platform fee checked 23 September 2026; drawdown charges checked 23 September 2026)
- [J.P. Morgan Personal Investing (formerly Nutmeg)](https://comparedrawdown.co.uk/provider/nutmeg): Fully Managed: 0.75% on the first £100k then 0.35% above (Fixed Allocation: 0.45% then 0.25%) (platform fee checked 23 September 2026; drawdown charges checked 23 September 2026)
- [InvestEngine](https://comparedrawdown.co.uk/provider/investengine): £0 SIPP account fee and £0 dealing; ETF ongoing charges apply (platform fee checked 3 September 2026; drawdown charges checked 23 September 2026)
- [Barclays Direct Investing (formerly Smart Investor)](https://comparedrawdown.co.uk/provider/barclays): £0 customer fee; SIPP administration £125 + VAT a year (£150); flexi-access drawdown £100 + VAT a year (£120) plus £75 + VAT set-up (platform fee checked 3 September 2026; drawdown charges checked 23 September 2026)
- [EQi](https://comparedrawdown.co.uk/provider/eqi): EQi subscription £4.99/mo under £50k or £10.99/mo at £50k+; SIPP administration £118.80 a year (Platform One); flexi-access drawdown £180 a year (£150 + VAT) (platform fee checked 23 September 2026; drawdown charges checked 23 September 2026)
- [Moneybox](https://comparedrawdown.co.uk/provider/moneybox): Moneybox funds: 0.15% service fee capped at £150 a year (plus 0.29% fund fee). Other providers’ funds: 0.45% service fee on the first £100k, then 0.15% above (no cap) (platform fee checked 23 September 2026; drawdown charges checked 24 September 2026)
- [CMC Invest](https://comparedrawdown.co.uk/provider/cmc-invest): Premium plan £10.99 a month (£131.88 a year) for SIPP access; £0 dealing commission (platform fee checked 3 September 2026; drawdown charges checked 23 September 2026)
- [Penfold](https://comparedrawdown.co.uk/provider/penfold): Default Plan single all-in fee: 0.75% a year on the first £100k and 0.40% on the amount above; no benefits withdrawal fees (platform fee checked 23 September 2026; drawdown charges checked 23 September 2026)

## Advised drawdown

- [Advised drawdown](https://comparedrawdown.co.uk/advised-drawdown): platform charges for 24 adviser platforms and products (checked 23 September 2026), with an adviser's fee added, for your pot size.
- Providers you can only use through a financial adviser, compared there rather than in the DIY ranking: Aegon, Quilter, Prudential, St James's Place, True Potential, Royal London.

## UK Pension Drawdown Cost Index

- Edition: September 2026 (dated 23 September 2026), 20 DIY providers.
- At £250,000: yearly charges run from £0 (InvestEngine) to £1,350 (Penfold), a spread of £1,350; median £562.50.
- Like for like (platform-only charges, leaving out 3 providers whose figure bundles fund charges or investment management; 17 providers) at £250,000: spread £1,125 (£0 to £1,125); median £430.68.
- Page: https://comparedrawdown.co.uk/drawdown-cost-index
- Data (Creative Commons Attribution 4.0 International (CC BY 4.0)): https://comparedrawdown.co.uk/data/drawdown-cost-index.csv and https://comparedrawdown.co.uk/data/drawdown-cost-index.json
- Cite as: Compare Drawdown, UK Pension Drawdown Cost Index, September 2026. https://comparedrawdown.co.uk/drawdown-cost-index

## Regulatory

- Compare Drawdown is a trading style of Arthur Browns Wealth Management Ltd (FCA No. 825843).
- Comparison information only, not personal financial advice. The cheapest platform is not automatically the right one.
- The value of investments can fall as well as rise and you may get back less than you invest. Tax rules can change.
- FSCS protection may apply, subject to product type, firm status and compensation limits.