Enter your pot size to see what 20 flexi-access drawdown platforms would charge you each year, ranked from their published fees. No sign-up, no email — just the numbers.
Free to use. Ranked by cost alone. Guidance, not personal advice.
Compare published fees from UK pension drawdown and SIPP platforms in one place. The site is independent and free for the user. Pages are guidance only — they are not regulated advice.
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Estimated yearly platform and drawdown administration charges from published fees. Fund charges are extra unless noted. Use the live comparison to enter your own pot size.
| # | Platform | Yearly cost |
|---|---|---|
| 1 | InvestEngine | £0 |
| 2 | CMC Invest | £132 |
| 3 | Moneybox | £150 |
| 4 | Interactive Investor | £180 |
| 5 | Scottish Widows | £198 |
| 6 | Barclays Direct Investing (formerly Smart Investor) | £270 |
| 7 | Vanguard | £375 |
| 8 | IG | £390 |
| 9 | EQi | £431 |
| 10 | Fidelity Personal Investing | £500 |
| 11 | AJ Bell Youinvest | £625 |
| 12 | Legal & General | £625 |
| 13 | Charles Stanley Direct | £660 |
| 14 | Hargreaves Lansdown | £875 |
| 15 | Aviva | £875 |
| 16 | Bestinvest | £1,000 |
| 17 | Standard Life | £1,125 |
| 18 | PensionBee (Includes fund charges) | £1,225 |
| 19 | J.P. Morgan Personal Investing (formerly Nutmeg) (Includes investment management) | £1,275 |
| 20 | Penfold (Includes fund charges) | £1,350 |
The full comparison covers 20 providers: Vanguard, Interactive Investor, AJ Bell Youinvest, Hargreaves Lansdown, Fidelity Personal Investing, Bestinvest, Charles Stanley Direct, PensionBee, Aviva, Standard Life, Scottish Widows, IG, Legal & General, J.P. Morgan Personal Investing (formerly Nutmeg), InvestEngine, Barclays Direct Investing (formerly Smart Investor), EQi, Moneybox, CMC Invest, Penfold.
It depends on your pot size and how you invest. Percentage-fee platforms (for example Vanguard at 0.15% a year, capped at £375) tend to be cheaper on smaller pots; flat-fee platforms can cost less on larger pots. Enter your own pot size in the comparison above to see every platform ranked. Every platform we list offers flexi-access drawdown.
You usually pay a platform or product charge (a percentage of your pot or a flat fee), sometimes a separate drawdown or SIPP administration fee, fund charges on the investments you hold, and dealing charges when you buy or sell. Our comparison shows the platform and drawdown administration charges for your pot size; fund charges depend on the investments you choose and are shown separately.
Yes. You can usually transfer a drawdown pension to another provider, and most platforms we list do not charge exit fees. Transfers commonly take a few weeks. Check for exit charges, any guaranteed benefits you would give up and time out of the market before switching.
A SIPP (self-invested personal pension) is the pension wrapper that holds your investments. Drawdown is how you take money out of it: you keep the pot invested and withdraw income or lump sums when you choose. Most SIPPs offer flexi-access drawdown.
There is no legal limit. Normally up to 25% can be taken tax-free (subject to the £268,275 lump sum allowance), and the rest is taxed as income. Taking too much too early risks running out of money, so it is worth modelling different withdrawal rates. Our drawdown calculator can help.