Lower charges
Reducing pension provider charges should mean more money for you when you need it
Keeping your charges as low as possible
Typically, pension provider charges range from 0.5% to 1.5% per year. In most cases we can negotiate lower rates, sometimes as low as 0.2%, which can make a big difference to the size of your pot.
This graph is based on a £50,000 sum at onset, growing at 6% per year for 15 years with provider annual management charges of 0.2%, 0.5%, 1% and 1.5% applied. No other charges considered.
21,693+
The clients we have already helped
Over £½
billion
The pension savings we manage
2009
The year we started giving advice
Love your pension sunny side up…
Charges are one of the big four things to consider when it comes to increasing the size of your pension. The other three are:
Performance
Contributions
Investment period
How much bigger could your pension be?
Take a 40-year-old with a £50,000 pot growing at 5%, on average, each year with annual charges of 1.2%. The graph shows how much their pension would be worth aged 60 if they did nothing, compared to tackling charges, performance and contributions (compounded). It then looks at the impact of leaving your money invested for a further five years.
With Pension Egg you can check your plans for free