Switch your SIPP from Hargreaves Lansdown and save on fees

Just launched: Transfer your SIPP from Hargreaves Lansdown to InvestEngine — and see how much you could save in fees.

If you’ve built up a pension pot with HL, chances are you’re paying both platform and dealing charges. At InvestEngine, you don’t pay either.

• £0 platform fees
• £0 dealing fees
• Only the cost of your chosen ETFs (typically 0.07%–0.25%)

More of your money stays invested — and more of it has the chance to grow.

Why transfer your SIPP?

A SIPP (Self-Invested Personal Pension) gives you control over how your pension is invested. But many platforms charge their users for that control.

Hargreaves Lansdown, for example, charges:

• 0.45% annual platform fee on funds (no cap)
• Up to 0.45% on shares, capped at £200
• £11.95 dealing fee per trade

These costs can add up significantly over time.

Fee comparison examples (illustrative only)

These are not real customer scenarios, but typical examples based on HL’s fee structure. ETF costs apply on InvestEngine.

Use our fee comparison tool to calculate your own potential savings.

What to expect when transferring

We’ve made it as straightforward as possible:

• Fully digital process — no paper forms
• Takes around 2–4 weeks, on average
• Transfer in-specie your existing ETFs, with other investments transferred as cash. 
• You’ll get updates throughout
  

Important: Transferring your SIPP doesn’t affect your annual contribution allowance. You can still pay in up to £60,000 this tax year, or 100% of your earnings (whichever is lower).

Also, InvestEngine only supports ETFs available on its platform. If you hold other types of investments, or ETFs not offered by InvestEngine, HL will sell them during the transfer. 

Before you begin

A few checks to make first:

• Is your current SIPP transferable? (Hargreaves Lansdown is ✅)
• We will transfer your ETFs in-specie (keeping your existing investments) whereas other investments will be sold and transferred as cash
• Are there any exit charges or loss of features to consider? (Hargreaves Lansdown doesn’t usually charge exit fees for SIPPs, but it’s worth checking)

Then gather your account details, including your HL policy number — and you’re ready to go.

DIY investing with no platform or dealing fees

With InvestEngine, you’re in control of your portfolio — and your costs.

• Choose from 760+ ETFs from leading providers like iShares, Vanguard, and Invesco
• Use fractional investing to put every pound in your account to work, even on high-priced ETFs
• Use Savings Plans and AutoInvest to fully automate your investing 

You can also set up a Savings Plan to invest regularly, helping you build your pension over time with less effort.

Common questions

Is my money safe during the transfer?
Yes — transfers follow regulated processes between authorised providers. If you transfer as cash, your investments will be sold and moved to InvestEngine before being reinvested, meaning you’ll be out of the market for a short time. In-specie transfers move the assets themselves, so you’re not uninvested.

Are there tax implications?
No — a SIPP transfer doesn’t count as a withdrawal and won’t affect your tax status or benefits.

Can I transfer more than one pension?
Yes — you can consolidate multiple pensions into your InvestEngine SIPP, giving you better oversight and potentially lower fees.

Start saving on your SIPP today

We’ve just launched transfers from Hargreaves Lansdown and it’s never been easier to switch. Here’s what you’ll get: 

✅ No platform or dealing fees
✅ Fully online process
✅ Automate your long-term investing
✅ Powerful tools to make sure you stay on track

Compare your fees or start your transfer now.

Important information

Capital at risk. The value of your portfolio with InvestEngine can go down as well as up. You may get back less than you invest. Past performance is not a reliable indicator of future results.

ETF costs apply. This communication is for general information only and does not constitute personal advice.

Tax treatment depends on your personal circumstances and may change in future.