Hargreaves Lansdown pension drawdown hub: published fees, investment options and features. Updated for 2026. Guidance, not advice.
Estimated yearly cost at £250,000: £875 a year (monthly income, no share deals; Platform fee only — fund charges extra).
Position on cost: Ranks 13 of 18 fully priced platforms on cost at £250,000. Hargreaves Lansdown against every DIY platform
| Drawdown admin fee | None Included in the yearly cost above |
|---|---|
| Regular income payments | Free |
| One-off (ad-hoc) withdrawal | Free |
| UFPLS payment | Free |
| Transfer out (exit fee) | Free |
| Minimum pot | Not confirmed |
| Cash in the pension | Variable; HL expects to earn base rate ±0.5% on SIPP cash and keeps a margin. No charge for holding cash. |
Fees checked 23 Sept 2026. “Not confirmed” means the charge is not published or we have not verified it; it is never counted as free.
Sources: SIPP charges and interest rates · Drawdown charges · Share dealing charges · Updated HL charges
Capital at risk. Comparison information only, not advice. Confirm charges on the provider’s own pages before you act.
Platform fees: 0.35% first £250k, 0.25% £250k-£1m, 0.10% £1m-£2m, 0% over £2m (£150 annual cap for shares)
Fund charges (Ongoing Charges Figure) apply on top of platform fees and depend on your chosen investments. Use our calculator above to see the total annual cost for your specific pot size.
Eligible claims may be covered by the Financial Services Compensation Scheme (FSCS). If a SIPP operator or investment firm fails, the limit is £85,000 per person per firm; a pension provided by an insurer is normally covered in full. FSCS pension protection
Source: Hargreaves Lansdown statutory disclosures, checked 23 Sept 2026.
No new verified updates this month. We only list items we can cite from an official RNS, company newsroom or official blog.
1 Mar 2026
Hargreaves Lansdown’s official fee-change page says that from 1 March 2026 the annual account charge on Stocks and Shares ISA and SIPP accounts falls from 0.45% to 0.35% on the first £250,000 of funds. Online share dealing falls to £6.95 and a £1.95 online fund-dealing charge is introduced.
Last verified: 8 Sept 2026.
Also compare: Vanguard, Interactive Investor, AJ Bell Youinvest, Fidelity Personal Investing, Bestinvest, and all UK providers we track.
Free, impartial guidance: Pension Wise offers free appointments to people aged 50 or over with a defined contribution pension, and MoneyHelper’s investment pathways comparison tool compares drawdown providers’ ready-made options. Both are backed by the government.