App-first pension consolidation with one pot and one clear fee
PensionBee's charges are one part of the picture. Is your pension pot actually on track?
See if you're on trackFree to check. No card required. Takes about two minutes.
PensionBee took the most painful job in UK personal finance, finding and combining old pensions, and made it an app onboarding flow. Transfers are handled for you, the fee is a single number, and drawdown is built in.
You pay for that simplicity. The default Global Leaders plan at 0.70% is roughly triple the cost of holding a global tracker in a cheap SIPP. Whether that premium is worth it depends on whether you would actually do the consolidation yourself. For many people, the answer is no, and PensionBee is the difference between sorted and never done.
Best for: People with scattered old workplace pots who want them combined into one simple plan.
| Annual charge | 0.50% to 0.95% depending on plan, halved on the portion above £100k |
|---|---|
| Workplace scheme charge | Not applicable (personal pension) |
| Fund charges | Included in the single annual charge |
| Contribution charge | None |
| Transfers in | Free, and PensionBee does the legwork of finding old pots |
| Drawdown | Included from age 55 (57 from 2028), no drawdown fees |
Verified July 2026 against PensionBee's published information. Workplace scheme terms vary, so check your own scheme documents.
PensionBee scores 4.6 out of 5 on Trustpilot (Excellent) from over 10,000 reviews, 81% five-star.
The highest-rated pension provider on the Origo Pension Transfer Index. Reviewers repeatedly mention painless transfers and an app that finally makes their pension make sense.
The main pushback is price: 0.70% on the default plan is more than a DIY SIPP holding a cheap tracker.
PensionBee's annual charge is 0.50% to 0.95% depending on plan, halved on the portion above £100k. Fund charges are included in the single annual charge. There is no charge on contributions. Charges verified July 2026 against PensionBee's published information.
PensionBee charges 0.50% to 0.95% depending on plan, halved on the portion above £100k. For context, the charge cap on an auto-enrolment workplace default fund is 0.75% a year. In a workplace scheme the charge is not applicable (personal pension). Plans range 0.50% to 0.95%: Tracker 0.50%, Preserve 0.50%, Global Leaders 0.70% (default if you are under 50), Climate 0.75%, 4Plus 0.85%, Shariah 0.95%.
Transfers in are free, and PensionBee does the legwork of finding old pots. Drawdown is included from age 55 (57 from 2028), no drawdown fees. UK providers cannot charge an early exit fee if you are 55 or over on a personal pension, and exit charges on other contracts are capped at 1%.
PensionBee scores 4.6 out of 5 on Trustpilot (Excellent) from over 10,000 reviews, 81% five-star. The highest-rated pension provider on the Origo Pension Transfer Index. Reviewers repeatedly mention painless transfers and an app that finally makes their pension make sense. The main pushback is price: 0.70% on the default plan is more than a DIY SIPP holding a cheap tracker. It suits people with scattered old workplace pots who want them combined into one simple plan.
Your annual statement shows the charge as a percentage and, since 2018, providers must also show it in pounds and pence. Average transaction costs of around 0.04% apply, standard across the industry. If your pension came through an employer, the scheme booklet will state the charge your employer negotiated, which is often lower than the standard rate.
Considering a SIPP instead? Compare costs on our UK broker comparison, or read the SIPP guide.
Delphina pulls your pensions, ISAs and savings into one 30-year projection and shows you whether PensionBee and the rest of your money add up to the retirement you want.
Free to check. No card required. Takes about two minutes.
Pension transfers can be irreversible. This page is information, not financial advice.