Provider comparison
HL vs ii
Side-by-side fee comparison based on published fee schedules
HL
0.45% on first £250k, 0.25% on £250k–£1M, 0.1% on £1M–£2M
Tiered percentage · 3,000+ funds, shares, ETFs, investment trusts, bonds
ii
£5.99/mo (Essentials) or £11.99/mo (Investor) or £19.99/mo (Super Investor)
Flat monthly fee · 3,000+ funds, shares, ETFs, investment trusts, bonds
Annual platform fee comparison
POT SIZE
HL
ii
CHEAPER BY
£25,000
£113
£144
HL by £31/yr
£50,000
£225
£144
ii by £81/yr
£100,000
£450
£144
ii by £306/yr
£250,000
£1,125
£144
ii by £981/yr
£500,000
£1,750
£144
ii by £1,606/yr
£1,000,000
£3,000
£144
ii by £2,856/yr
Platform fees only. Fund charges are additional. Both providers shown on equal terms, sorted by cost at each pot size.
Key differences
HL
ii
Fee model
Tiered percentage
Flat monthly fee
Fund range
3,000+ funds, shares, ETFs, investment trusts, bonds
3,000+ funds, shares, ETFs, investment trusts, bonds
SIPP
Yes
Yes
Workplace
Yes
No
Min investment
£1
No minimum
Things to consider
- •Fees shown are platform fees only. Fund-level charges (OCF) are additional and vary by fund choice.
- •Fee structures change without notice. Always verify current fees on the provider's website.
- •The cheapest provider is not always the best fit. Consider fund range, customer service, platform features, and the specific funds you want to hold.
- •Before transferring any pension, check for exit fees, guaranteed annuity rates, employer contributions, and protected tax-free cash.
- •This comparison is factual information based on published fee schedules, not a recommendation to choose either provider.
- •If you're unsure which provider is right for you, speak to an FCA-regulated financial adviser.
This calculator provides estimates based on 2025/26 tax rates and is not financial advice. Scottish taxpayers are subject to different income tax rates and bands. The calculations assume your salary is your only source of income and do not account for benefits in kind or other taxable income.
For personalised guidance on your pension contributions, speak to an FCA-regulated financial adviser. You can find one via Unbiased or VouchedFor.