New HL fee structure from 01/03/26

Notepad_Phil

Just added a new thread onto the Savings & Investments board ( https://forums.moneysavingexpert.com/categories/savings-investments ) about changes to the HL fee structure. And so just in case anyone has a HL SIPP and doesn't visit that board then I thought I should post here too to as there are quite a few changes and I've not seen any sight of emails about them yet.

The new fee structure starts  from the 1st March. The details can be found via https://www.hl.co.uk/accounts/fee-changes but some of the main changes are:

• Account charges. We are reducing our annual account charges from 0.45% to 0.35% on Stocks and Shares ISA and SIPP accounts.
• For Fund and Share Accounts, we’re reducing account charges for holding funds, from 0.45% to 0.35%, and introducing a charge of 0.35% to hold shares. You can see full charging tiers below.
• New account charge limits for shares (includes investment trusts, exchange traded funds (ETFs) and bonds). You will never pay more than £150 per year in account charges for holding shares in each of our SIPP, Stocks and Shares ISA or Fund and Share Account.
• Dealing charges. We are reducing the amount you pay to buy or sell shares with us, from £11.95 to £6.95 per online trade. You can see full dealing tiers below.
• We’re introducing a charge of £1.95 per trade to buy or sell funds online.

A few big changes and lots of smaller ones which still leaves HL looking to be on the expensive side of platforms for funds and maybe now looking more expensive for shares too..

The original thread can be found at https://forums.moneysavingexpert.com/discussion/6652155/new-hl-fee-structure-from-01-03-26

spaniel101

Email incoming this morning

RL11

Just posting to make it come up when searching for Hargreaves Lansdown fees

Rattusnorvegicus

The free money wasnt worth the effort to move providers, but this just might....

My yearly fees on a six figure sum is £120 total. 

Price for holding shares is still more than 0.25% , and the dealing charge is more than £5...

Max is £150 in fees.

so its still a no from me.

But at least they are heading in the right direction.

Newbie_John

I've recently switched to Barclays as it's very similar with much lower fees - 0.25% instead of 0.45% or 0.35% from March, but then there's that £1.95 new fee (£0 at Barclays) to purchase fund which would have affected me as I don't do regular investment rather than different amounts each month/s…

It a great platform with a lot of info, and this is move in right direction as the number of new platforms with 0% fees is growing.

RL11

I'd never considered Barclays either but it doesn't look like there is a cap on fees (it's 0.25% of everything) plus an admin fee of £150 on their SIPP, so would work out £100 per year more expensive than HL's new fees for me

Rattusnorvegicus

yup i ran their fee calculator and it said it'd cost me £500 just for a quiet year.

So Barclays is a no from me.

I pay £120 right now, so in no way is Barclays cheap.

FIREDreamer

https://forums.moneysavingexpert.com/discussion/comment/81856116#Comment_81856116

@Newbie_John how do you see a list of transactions on Barclays? It’s easy on Hargreaves but I cannot find anything on Barclays - it’s basic and pretty awful.

FIREDreamer

https://forums.moneysavingexpert.com/discussion/comment/81856301#Comment_81856301

… but £2,500 pays quite a few years’ fees until you move elsewhere.

😃

Rattusnorvegicus

https://forums.moneysavingexpert.com/discussion/comment/81857206#Comment_81857206

On the other hand you could goto somewhere that charges £120/year and invest the £2,500 instead of burning it on the sipp companies new porsche.

Since youre a FIRE individual, please make it make sense for me.

FIREDreamer

https://forums.moneysavingexpert.com/discussion/comment/81858268#Comment_81858268

My last sentence did say “… but £2,500 pays quite a few years’ fees until you move elsewhere.”

There is only a few weeks tie in for Barclays so the exposure to a higher platform charge is minimal.

So a £2,000 profit at least here.

I will probably move this to iWeb SW afterwards.