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Provider review

AJ Bell Youinvest

Last verified: Q1 2026 · Source: provider fee page
Fee model
0.25% on first £250k, 0.1% on £250k–£1M, 0% above £1M
Tiered percentage · SIPP available · Workplace available
Annual platform fee by pot size
£25,000 pot
£63/yr
0.25% effective
£50,000 pot
£125/yr
0.25% effective
£100,000 pot
£250/yr
0.25% effective
£250,000 pot
£625/yr
0.25% effective
£500,000 pot
£875/yr
0.18% effective
£1,000,000 pot
£1,375/yr
0.14% effective
Platform fee only. Fund charges (OCF) are additional: 0.06%–1.5% depending on fund choice

AJ Bell sits in the middle ground between Vanguard's ultra-low cost and HL's premium service. The 0.25% SIPP fee is competitive for percentage-based platforms, and the tiered structure means larger pots pay progressively less. Above £1M the platform fee drops to zero — one of the few providers to offer this. AJ Bell has a strong fund range (2,000+), a clean mobile app, and solid research tools. It's often the recommendation for investors who want broad investment choice at a reasonable cost — cheaper than HL, more choice than Vanguard. The Dodl app (AJ Bell's simplified offering) provides an even cheaper 0.15% option for a limited fund range.

Strengths
  • +Competitive tiered fees
  • +0% platform fee above £1M
  • +Wide fund and share range
  • +Low-cost Dodl app alternative
Limitations
  • –More expensive than flat-fee platforms for pots above ~£250k
  • –Dealing charges on shares (£5 online)
  • –Not as cheap as Vanguard below £250k
Details
Fund range2,000+ funds, shares, ETFs, investment trusts
Minimum investment£500 lump sum or £25/month
Typical fund OCF0.06%–1.5% depending on fund choice
SIPPYes
Compare AJ Bell with
vs HLvs Vanguardvs iivs PensionBeevs Fidelityvs InvestEnginevs Aviva
All providers
HLVanguardiiAJ BellPensionBeeFidelityAvivaNESTInvestEngineNutmeg
Things to consider
  • •Fees shown are platform fees only — you also pay fund-level charges (OCF) on top, which vary by fund choice.
  • •Fee structures change without notice. Always verify the current fee on the provider's website before making any decision.
  • •The cheapest provider is not necessarily the best fit — consider fund range, customer service, platform features, and the specific funds you want to hold.
  • •Transferring a pension may involve exit fees, loss of guaranteed benefits, or loss of employer contributions. Check before you transfer.
  • •This page is factual information based on published fee schedules, not a recommendation to use or avoid any 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.