What is the new Hargreaves Lansdown platform fee?

The platform fee moves to 0.35%. That rate applies to the value of eligible holdings, so a £20,000 portfolio costs £70 a year before dealing. This sits alongside lower share-dealing costs, a £1.95 fund trade charge, and a higher ISA share-charge cap. Always check your account type and holdings.

How do the new fund dealing costs work?

Each fund buy or sell now carries a £1.95 charge. If you switch funds often, these charges add up. Ten trades in a year would add £19.50 to your bill. Buy-and-hold investors who trade sparingly will see a smaller impact from the new fund dealing costs.

How do the changes affect ISA platform charges?

ISA investors get the 0.35% platform rate, which can lower ongoing costs. The ISA share-charge cap rises, which may change how quickly you reach the cap. The impact depends on your trading volume and portfolio size. Add the percentage fee and dealing to estimate your personal ISA platform charges.

What should SIPP investors consider in these fee changes?

SIPP fee changes follow the new structure, pairing the 0.35% platform rate with the fund dealing charge. The effect depends on your pension balance and trading pattern. Long-term investors who rarely switch funds may save, while active allocators should watch dealing frequency to manage total SIPP costs.

Global Market Insights

January 27: Hargreaves Lansdown Cuts Platform Fee, Adds Fund Trade Charge

ByHuzaifa Zahoor January 28, 2026January 28, 2026

Hargreaves Lansdown fees are set for a major reset that matters for UK savers. The platform will cut its core fee to 0.35%, trim share-dealing costs, add a £1.95 charge for each fund trade, and raise the ISA share-charge cap. We explain what these moves mean for ISA platform charges, SIPP fee changes, and fund dealing costs. We also outline who may pay less or more, and how to keep your total bill down.