Enter your pension pot value to instantly compare all UK providers, see actual costs, and find the best value for your retirement.
Trusted by 14,000+ people who've compared providers. Updated for the 2026 tax year.
Save time and money by comparing every UK pension drawdown provider in one place. We're independent, free for the user, FCA-regulated, and we publish the same fee tables every adviser would charge you to put together.
Since 2014 we've helped thousands of UK retirees and pre-retirees pick the right pension drawdown provider for their retirement income.
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The full comparison covers 21 providers: Vanguard, Interactive Investor, AJ Bell Youinvest, Hargreaves Lansdown, Fidelity Personal Investing, Bestinvest, Charles Stanley Direct, PensionBee, Aegon, Aviva, Quilter, Standard Life, Scottish Widows, IG, Legal & General, Prudential, St James's Place, True Potential, J.P. Morgan Personal Investing (formerly Nutmeg), Royal London, James Hay.
Costs shown on the live calculator exclude fund charges, which vary depending on your investment choices. Estimated annual income at 4% withdrawal is shown above the table once you enter a pot value.
Vanguard typically offers the lowest fees with a 0.15% annual charge capped at £375 per year. However, the "cheapest" provider depends on your pension pot size. For pots over £100,000, flat-fee providers like Interactive Investor (from £5.99/month on their Core plan) often work out cheaper than percentage-based fees.
Pension drawdown costs typically include platform fees (0.15% to 0.45% of your pot annually, or a flat monthly fee) plus fund charges (0.1% to 0.5% for most funds). For a £250,000 pot, annual costs range from around £400 to over £2,000 depending on your provider.
Yes, you can transfer your pension to a different drawdown provider at any time. Most providers don't charge exit fees, and the process typically takes 4–6 weeks. Always check for any exit penalties and compare total costs before switching.
A SIPP (Self-Invested Personal Pension) is a type of pension wrapper that gives you control over your investments. Pension drawdown is how you take income from your pension. You can use a SIPP for drawdown — many providers offer "SIPP drawdown" which combines flexible investment choice with flexible income withdrawals.
With pension drawdown, you can withdraw as much or as little as you like — there's no limit. However, only 25% of your pension is tax-free; the rest is taxed as income. Most experts recommend withdrawing 3–4% per year to make your pension last through retirement.