Compare Top Private Pension Providers, Accounts & Deals

Compare private pension providers in the UK. Check private pension costs from popular providers and choose an account with the best investment portfolios, lowest costs, and best features for your needs.

Private Pension Provider	What can you invest in this private pension?	Private Pension Charges	More Info
PensionBee Private Pension	Combine all your old pensions in one place and invest in pension plans managed by some of the world’s biggest money managers: State Street Global Advisors, HSBC, BlackRock and Legal & General	Account Fee: 0.5% yearly SIPP Fee: £0 Dealing fee: £0 Exit Fees: £0 Minimum Investment: £1	See Offer
Nutmeg Investments Pension	All three Nutmeg investment styles are built by experts and use exchange traded funds to diversify across stocks, bonds, industries, and countries.	Account Fee: 0.75% yearly SIPP Fee: £0 Dealing fee: £11.95 Exit Fees: £0 Minimum Investment: £500	See Offer
Moneyfarm Personal Pension	Invest in one of seven ready-made simple and diverse portfolios with different degrees of risk and reward.	Account Fee: 0.35% yearly SIPP Fee: £0 Dealing fee: £0 Exit Fees: £0 Minimum Investment: £1,500	See Offer
Interactive Investor Private Pension	Invest through a SIPP in: Shares: Yes Funds: Yes Bonds: Yes ETFs: Yes Ready-made portfolios Yes	Account Fee: £9.99 monthly SIPP Fee: £10 monthly Dealing fee: £7.99 Exit Fees: £0 Minimum Investment: £1	See Offer Special Offer: No SIPP admin fees for 6 months when you open a SIPP (saving £60)
Hargreaves Lansdown Private Pension	Invest through a SIPP in: Shares: Yes Funds: Yes Bonds: Yes ETFs: Yes Ready-made portfolios Yes	Account Fee: 0.45% yearly SIPP Fee: £0 Dealing fee: £11.95 Exit Fees: £0 Minimum Investment: £100	See Offer
IG Private Pension	Invest through a SIPP in: Shares: Yes Funds: Yes Bonds: Yes ETFs: Yes Ready-made portfolios Yes	Account Fee: £24 quarterly SIPP Fee: £205 yearly Dealing fee: £3 Exit Fees: £0 Minimum Investment: £1	See Offer Your capital is at risk

What is a private pension?

Unlike a company or state pension, a private pension is something you set up yourself to provide an income in retirement. A private pension is run by a company to whom you pay fees to invest the money on your behalf. A private pension is typically money purchase or defined contribution which means you carry the investment risk, and your total fund could go down as well as up. Contributions to a private pension are entitled to receive tax relief. The amount of control you have over your pension investments will depend on the type of private pension you set up.

Who can pay into a private pension?

Usually contributions come from you and or your employer, but anyone can pay into your fund and you can pay into anyone else’s. For example, you can pay into your spouse’s, while grandparents might choose to pay into their grandchildren’s pensions. It does not matter if you are employed, self-employed or not working, you can still pay into a pension either regularly or with a lump sum.

How much does a private pension cost?

All pension funds charge an annual management charge (AMC). This varies across providers and products, but can be as high as 2% or as low as a handful of basis points. It is important to understand the fees you are paying as these will eat into your final retirement fund. Other fees might include platform charges which cover some of the fund management costs. You may also be charged a fee to leave the fund or even to make contributions. Make sure you read the small print and shop around.

What can you invest in a private pension?

You can receive tax relief on contributions of up to £40,000 a year. These can come from your or your employer. For those already receiving an income from the pension pot, annual contributions are limited to £4,000

Compare Top Private Pension Providers, Accounts & Deals

Private Pension FAQs:

About The Author