Hargreaves Lansdown: Pension & retirement services explained

Take control over your financial future with Hargreaves Lansdown

Pay in up to £40,000 a year and get tax relief
Start your SIPP from £25 a month
Transfer your pension from other providers easily

Capital at risk

Hargreaves Lansdown (HL) is a leading “investment supermarket” for private investors. Trusted with £82 billion worth of investments by more than 980,000 clients, HL is well known in the UK.

With HL, you can start a self-invested personal pension (SIPP) to begin growing your pension pot. Or, if you’re approaching retirement age, HL offers three retirement income options: annuity, drawdown, or a mix-and-match approach.

Read on to find out more about HL, and whether it might provide the right pension arrangements for you.

What does Hargreaves Lansdown do?

By giving you the tools and information, HL aims to help you make your own educated decisions. From the website to the app, to the specialised helpdesk, HL’s goal is to make it easy for you to manage your investments and pensions.

For those looking to save for retirement, HL offers:

Vantage SIPP (self-invested personal pension)

For those who are about to retire, HL offers:

Annuity (a guaranteed income for life, in return for a pot of pension savings)
Drawdown (where you “draw down” funds from your invested pension pot to give you an income)
UFPLS (“uncrystallised funds pension lump sums” – where you take money from parts of your pension not previously accessed)

Hargreaves Lansdown’s Vantage SIPP

SIPPs are one of the most tax-efficient ways for you to save for retirement. With HL’s SIPP, you stay in control of your pension online 24/7. There are tools, research information, and watchlists which you can call upon to help make decisions at any time.

Manage online, by phone, by post, or through the HL app
‘What Investment’ readers have voted HL ‘Best SIPP Provider’ for 10 consecutive years
Choose from a wide range of investments
Easily transfer old pensions to a SIPP
6 days-a-week call service to answer any questions
Flexible access allows you to take money out from age 55 (57 from 2028)

Learn more about Hargreaves Lansdown’s retirement options

An integral part of the UK’s pension system, an annuity is a type of retirement income product that you can purchase with some (or all) of your pension pot. It pays you a regular income for the rest of your life, or an agreed period.
- Access to annuity quotations from the whole of the market.
- ‘Best Rate Promise’
- No charge for buying and selling funds
- Free analysis and updates from the HL research team
Take a variable income from your pension pot, whilst keeping some of it invested.
- Good if you want to access your pension and keep invested
- Allows you to take out tax-free cash at the start
- Allows the option for taking unlimited taxable withdrawals
Investment trusts are similar to funds as they offer exposure to a professionally managed portfolio.
- Choose from over 400 investment trusts and Real Estate Investment Trusts (REITs)
- Free limit orders and stop losses

How safe is my investment?

HL is a FTSE 100 company that has been managing investments for more than 35 years. It’s regulated by the Financial Conduct Authority (FCA) and is bound by its rules on investment business.

Compare SIPP providers

1 - 7 of 7

Name	Product	Brand description	Min investment	Min monthly investment	Number of funds	Offer	Link
Wealthify Pension Wealthify Pension			£50	£0	10 Portfolios		Go to site Capital at risk Platform details	loading Fetching your data...
OFFER Interactive Investor SIPP Interactive Investor SIPP	OFFER		£0	£25	3000	Enter a prize draw to win £100,000 if you open an ii SIPP by 31 July and deposit £5,000 min. T&Cs apply.	Go to site Capital at risk Platform details	loading Fetching your data...
Hargreaves Lansdown SIPP Hargreaves Lansdown SIPP		Hargreaves Lansdown is the UK's biggest wealth manager. It's got three different retirement options. Capital at risk.	£100	£25	2500		Go to site Capital at risk Platform details	loading Fetching your data...
BONUS Penfold SIPP Penfold SIPP	BONUS		£0	£0	4 Portfolios	Bonus of up to £1000 for your pension when tranferring to Penfold	Go to site Capital at risk Platform details	loading Fetching your data...
Moneyfarm SIPP Moneyfarm SIPP		Moneyfarm has pensions that are matched against your risk appetite, goals and planned retirement date. Capital at risk.	£1,500	£0	7		Go to site Capital at risk Platform details	loading Fetching your data...
AJ Bell SIPP AJ Bell SIPP		AJ Bell has two different pension options, a self managed pension and one that is managed for you. Capital at risk.	£1,000	£0	2000		Go to site Capital at risk Platform details	loading Fetching your data...
Charles Stanley SIPP Charles Stanley SIPP			£0	£0	>10,000	Get up to £1,500 cashback when you transfer your cash and/or investments to Charles Stanley Direct. T&Cs apply. Capital at risk.	Go to site Capital at risk Platform details	loading Fetching your data...

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Pensions are long-term investments. You may get back less than you originally paid in because your capital is not guaranteed and charges may apply. Keep in mind that the tax treatment of your pension and investments will depend on your individual circumstances and may change in the future. Capital at risk.

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.

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Written by

Charlie Barton

Publisher

Charlie Barton was a publisher at Finder. He specialised in banking and investments products, including banking apps, current accounts, share-dealing platforms and stocks and shares ISAs. Charlie has a first-class degree from the London School of Economics, and in his spare time enjoys long walks on the beach. See full bio

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Hargreaves Lansdown: Pensions & retirement options