Last updated16th May 2019


VAT is charged on some fixed fees not percentage based fees
Initial/Set up feeNone
Annual feeFunds:

£0 - £250,000, 0.45%

£250,000 - £1,000,000, 0.25%

£1,000,000 - £2,000,000, 0.10%

Over £2,000,000, 0%

Shares, Investment Trusts, ETFs, Gilts & Bonds

0.45% per annum, capped at £200 per annum


No charge
Transfer in feeNone
Transfer out fee£25 to a UK pension scheme (cash) £25 per holding as stock

£250 to an overseas pension scheme
In-specie transfer in feeNot available
Taking benefits
Initial fee:



£75 plus VAT for each GAD calculation for capped drawdown

£0 per UFPLS event
Annuity purchase feeFree if purchased through Hargreaves Lansdown

£150 + VAT if not purchased through Hargreaves Lansdown
Payment of death benefits fee£295 + VAT
Other feesInvestment related fees - Fund dealing(Unit Trusts & OEICS):

Online, phone or by post, £0

Investment related fees - Share dealing(shares, ETFs, Investment Trusts):

Online or mobile app:

0 - 9 deals in the previous month, £11.95 per deal

10 – 19 deals in the previous month, £8.95 per deal

20 or more deals in the previous month, £5.95 per deal

Deals within a Junior SIPP, £5.95

Phone and post:

1%, subject to a minimum of £20 and a maximum of £50

Share dividend reinvestment:

1%, subject to a minimum of £20 and a maximum of £50

Equity regular savings:

£1.50 per stock per month

Other fees:

Pension splitting on divorce, £295 + VAT

Standard Account closure fee, £25 + VAT

Early Account closure, £295 + VAT (This fee applies instead of the standard account closure fee when funds are paid to you as income and the SIPP account has been open for less than 12 months. Not applicable to pension transfers out or clients who held Flexible Drawdown in the Vantage SIPP pre April 2015).

Cash withdrawals, £0

Automated sales to cover charges, £1.50 per sale

6 monthly statement and valuation (paperless), £0

6 monthly statement and valuation (paper), £10 + VAT


Access: Direct or via IFADirect only

Online capability

DetailsOnline acess for member for valuations, dealing, transaction history, additional payments and research

Permitted Investments

Commercial property
Overseas property
Unit trusts & OEICSVia in house platform only
External deposit accountsSubject to restrictions
Overseas listed stock and sharesVia in house platform only
UK listed stocks and sharesVia in house platform only
AIM sharesVia in house platform only
Gilts/corporate bondsVia in house platform only
ETFsVia in house platform only
Investment trustsVia in house platform only
Discretionary management
National Savings & Investments
Unlisted shares
Structured products
Trustee Investment Plans
Insurance company funds
Hedge fundsLimited choice
Traded endowment plans
Intellectual property
Brands / Trademarks
Peer to Peer lending
Third party loans

Property purchase

Purchase feeN/A
Sale feeN/A
Annual property administration feeN/A
VAT registration feeN/A
VAT return feesN/A
Other feesN/A

SIPP Bank Account

SIPP bank account providerBanks not specifically named, split between a minimum of 5 banking institutions
Current interest rate£0 - £4,999.99, 0.10%

£5,000 - £24,999.99 0.15% (on this tier only)

£25,000 - £99,999 0.20% (on this tier only)

£100,000+ 0.35% (on this tier only)


Scheme trusteesHargreaves Lansdown Pensions Trustees Limited
Scheme administratorHargreaves Lansdown Asset Management Limited

Minimum contributions

Regular payments£25 per month
Transfers/Single PremiumsTotal combined transfer values must total at least £1,000

£100 single premium
Min additionalNo minimum

Company Information

OwnershipPublically owned company
Year established1972
Funds under management£86 billion across all products
Number of SIPPs administeredmore than 1 million customers across products


Accepts benefits from defined benefit / final salary schemes?
Yes, if IFA advised


Flexi-Access Drawdown/UFPLS offeredYes
Scheme Pension offeredNo

Need advice on your SIPP?

Contact our team of SIPP specialists today:

0115 933 8433

Online enquiry form

Hargreaves Lansdown

Hargreaves Lansdown is based in Bristol and was established in 1981 by Peter Hargreaves and Stephen Lansdown. Now running the UK’s largest SIPP (Self Invested Personal Pension) the group has approximately £86 billion of funds under management in total.

The awards Hargreaves Lansdown has won include What Investment magazine’s ‘Best SIPP Provider’ every year between 2007 – 2016 and ‘Best Direct Share Dealing Provider’ in 2017 from Your Money Awards.

However, the Hargreaves Lansdown Vantage SIPP is perhaps not the most flexible SIPP available, for example it does not allow investment directly into commercial property and only allows access to a limited number of external bank accounts.

The Hargreaves Lansdown Vantage SIPP is only available to investors who buy directly.