Sign up Pension fees At PensionBee, we take care of your pension for one simple annual fee. Combining your pensions with PensionBee is free Joining PensionBee is free, and we won’t charge you for transferring your old pensions to us - whether you transfer one or more. Will I lose money during the transfer process? Sometimes your old provider may charge you an exit fee when you decide to leave their scheme. If we discover that your pension provider charges an exit fee of more than £10, we’ll ask your permission before we complete the transfer. If you’ve got a pension with certain special benefits worth more than £30,000, you’ll have to seek independent financial advice before you can transfer it to a new provider. The value of your pension can go down as well as up and you may notice some changes following your transfer. This can depend on how your new pension is invested and the impact of short-term stock market fluctuations. Pay one annual management fee Our pension plans are specially designed to suit different savings needs. You’ll pay between 0.50% and 0.95% depending on the plan you choose, and we'll halve the fee on the portion of your savings over £100,000. £ % Your pension pot Tracker 0.50% Tailored 0.70% Fossil Fuel Free 0.75% 4Plus 0.95% Shariah 0.95% Learn more about our pension plans. Transaction costs Whenever you invest your money, whether it's in a pension, ISA or other investment product, transaction costs will apply. Our pension plans are no different which is why our money managers (Legal & General, BlackRock, State Street Global Advisors and HSBC), will sometimes incur transaction costs when they manage your money. These costs are very small and cost around 0.03% of the value of your pension each year. They’re separate from your annual management fee (so we don't make any money from them) and most money managers now separately disclose these costs. How does PensionBee make money? PensionBee only makes money once your pension is invested and you begin paying the annual management fee. We'll automatically deduct your annual fee from your pension and split it with your plan’s money manager. Early withdrawal fee Drawing down from your pension is completely free, unless you withdraw everything within 12 months of having a live balance with us or the balance of your account is less than £480 at the point of withdrawal (a full withdrawal fee of £480 will apply). All our figures include VAT where applicable. How our fees compare All pension providers charge a fee to manage your pension. But while we charge a single and transparent annual management fee, other providers may charge extra pension fees on top. These aren’t always clearly displayed, making it harder to figure out exactly how much you’re paying. Annual Management Fee PensionBee Fund Fee Platform Fee SIPP/Other Providers Fund Fee Platform Fee Adviser Fee Pension Advisers Change your mind, anytime If you change your mind about joining PensionBee, you can transfer your pension to another provider at any time. PensionBee does not charge exit fees. Join over 602k customers already using PensionBee Get started PensionBee is authorised and regulated by the Financial Conduct Authority. With pensions, your capital is at risk. OUR SERVICE How it works Combine Contribute Withdraw Plans Self-employed Fees Refer a friend ABOUT US Vision Values History Reviews Press Careers KNOWLEDGE Pensions explained Blog Pension calculator Drawdown calculator Pension landscape INVESTOR RELATIONS Overview Business model & strategy ESG Leadership Regulatory news Results and reports Financial calendar Share price IPO centre Contact us HELP & FAQS Contact us FAQs Terms Privacy policy General enquiries: 020 3457 8444 Press enquiries: 020 3859 5788 General enquiries: contact@pensionbee.com Press: press@pensionbee.com Partners: partnership@pensionbee.com PensionBee, City Place House, 55 Basinghall Street, London, EC2V 5DX © Copyright 2021 PensionBee Ltd. Company registration: 9354862. FCA Reference Number: 744931. Information Commissioner's Office registration: ZA131262 We use cookies to ensure that you get the best possible experience. By continuing to use our website you are agreeing to their use. Find out more about cookies. Excellent 4.7 out of 5