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PensionBee

Last verified: Q1 2026 · Source: provider fee page
Fee model
0.50% for most plans, 0.95% for 4Plus plan. Reduces to 0.4% above £100k on some plans.
Percentage (varies by plan) · SIPP available · Retail only
Annual platform fee by pot size
£25,000 pot
£125/yr
0.50% effective
£50,000 pot
£250/yr
0.50% effective
£100,000 pot
£400/yr
0.40% effective
£250,000 pot
£1,000/yr
0.40% effective
£500,000 pot
£2,000/yr
0.40% effective
£1,000,000 pot
£4,000/yr
0.40% effective
Platform fee only. Fund charges (OCF) are additional: Included in the headline fee (all-in charge)
Note: PensionBee fees vary by plan. Figures shown use the Tracker plan (0.50%). Other plans charge differently: Tailored (0.75%), Match (0.70%), 4Plus (0.95%). Some plans reduce to 0.40% above £100k. Always check the specific plan you're considering on PensionBee's website.

PensionBee's value proposition is simplicity: consolidate your old pots in minutes, pick one of nine pre-built plans, and let them manage everything. The mobile app and transfer process are the slickest in the UK pension market. The trade-off is cost — 0.50% is significantly more expensive than Vanguard (0.15%) or a flat-fee SIPP, and there's no option to pick your own funds. PensionBee is ideal for people who want a 'set and forget' pension with minimal decisions and are willing to pay for the convenience. For hands-on investors or those with larger pots where the fee difference compounds into thousands of pounds, a self-directed SIPP is usually better value.

Strengths
  • +Fastest pension consolidation in the UK
  • +Excellent mobile app
  • +Simple all-in fee (no hidden OCF)
  • +Easy to understand — no investment jargon
Limitations
  • –More expensive than self-directed platforms
  • –No individual fund or share selection
  • –Limited to 9 pre-built plans
  • –Fee doesn't reduce as much for larger pots
Details
Fund range9 pre-built plans — no individual fund or share selection
Minimum investmentNo minimum
Typical fund OCFIncluded in the headline fee (all-in charge)
SIPPYes
Compare PensionBee with
vs HLvs Vanguardvs iivs AJ Bellvs InvestEnginevs Nutmegvs Fidelityvs NEST
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.