Accounts & headline costs
Sections ↑Hargreaves Lansdown’s March 2026 fee reset reduced the standard platform rate and share-dealing charge while adding a share-holding platform fee to the Fund and Share Account. The result needs to be read by investment type and wrapper: funds use percentage tiers, shares use a capped percentage charge and trades use a separate activity-based price.[1][2]
HL essentials
| Measure | Value | Context |
|---|---|---|
| Founded | 1981 | Company history behind the current UK investment platform.Source 3 |
| Clients | More than 2 million | Current company presentation; client definitions can differ across reports.Source 3 |
| Platform assets | More than £172 billion | Company-reported scale figure.Source 3 |
| Core wrappers | Fund and Share Account, ISA, SIPP and Junior accounts | Eligibility, charges and tax rules differ by account.Source 3Source 1 |
| UK operating company | Hargreaves Lansdown Asset Management Limited | Published company and FCA details in the site disclaimer.Source 4 |
Main account routes
| Account | Published purpose | Charging distinction |
|---|---|---|
| Fund and Share Account | Taxable investment account | Funds and shares now both carry platform charges under the new structureSource 2Source 1 |
| Stocks and Shares ISA | UK tax wrapper | Share charge capped per account; tax eligibility and allowance rules applySource 1Source 3 |
| SIPP | Self-invested pension | Same headline platform reduction, with pension access and administration rulesSource 1Source 3 |
| Junior ISA | Account for eligible children | HL states no online account/dealing charge under the new scheduleSource 1 |
| Cash and savings routes | Separate savings products and cash services | Not the same protection or return structure as market investmentsSource 3 |
Products & platforms
Sections ↑Investment and service routes
| Route | Published capability | Boundary |
|---|---|---|
| Funds | Large fund supermarket and research | Fund manager charges and dealing fee can applySource 3Source 1 |
| UK and overseas shares | Online share dealing | FX, stamp duty or market taxes can be materialSource 1 |
| ETFs and investment trusts | Exchange-traded products | Included in the capped share-holding chargeSource 1 |
| Regular investing | Selected monthly investment route | Zero dealing charge applies only to the qualifying serviceSource 1 |
| Research and tools | Company research, watchlists and account tools | Information service does not guarantee investment outcomeSource 3 |
Fees & holding costs
Sections ↑Fund and share account charges
| Holding type / band | Annual charge | Key boundary |
|---|---|---|
| Funds — first £250,000 | 0.35% | Calculated separately by account and investment valueSource 1 |
| Funds — £250,000 to £1 million | 0.25% | Band above the first tierSource 1 |
| Funds — £1 million to £2 million | 0.10% | Band above £1 millionSource 1 |
| Funds — above £2 million | 0% | No HL platform percentage on the excess; fund charges remainSource 1 |
| Shares, ETFs, investment trusts and bonds | 0.35%, capped at £150 a year per account | Applies to ISA, SIPP and Fund and Share Account under the new scheduleSource 1 |
Dealing and currency charges
| Charge | Published figure | Basis |
|---|---|---|
| Online share trade — 0–19 prior-month trades | £6.95 | Activity tier determined by the previous monthSource 1 |
| Online share trade — 20+ prior-month trades | £3.95 | Frequent-trader tier for the next monthSource 1 |
| Online fund trade | £1.95 | Introduced under the March 2026 scheduleSource 1 |
| Selected regular investing | £0 dealing charge | Only the eligible regular-investment routeSource 1 |
| FX — first £10,000 | 0.99% | Applied to the relevant foreign-currency transaction valueSource 1 |
| FX — £10,000–£25,000 / above £25,000 | 0.50% / 0.20% | Tiered transaction-size scheduleSource 1 |
A customer with £100,000 of shares in one HL account reaches £350 under a pure 0.35% calculation, but the published share-holding cap limits that account’s annual platform charge to £150. The cap is account-specific: holdings split across wrappers should not be assumed to share one ceiling.[1]
The 2026 reset improves price clarity only when the portfolio composition is known. A fund-heavy portfolio is driven by percentage bands and fund expenses; a share-heavy portfolio is driven by the £150 account cap, trade count and FX; a mixed portfolio can pay both structures.[1][2]
Deposits, withdrawals & transfers
Sections ↑HL requires settled cash and a nominated bank account in the same name as the investment account. An account valuation may include proceeds that cannot yet be withdrawn. Changing an address also creates a separate bank-detail restriction: HL says the nominated bank account cannot then be changed for 21 days.[6]
Withdrawal stages and timing
| Area | Published position | Practical detail |
|---|---|---|
| Settlement before withdrawal | HL’s help page quotes averages of two working days for shares and four for funds | These are help-page averages, not a universal settlement rule for every market or fund.Source 6 |
| Request before noon on a working day | Normally paid the same day | The ordinary route is free Faster Payment; security checks and available settled cash still matter.Source 7 |
| Request after noon or on a non-working day | Normally the next working day | The clock starts after funds are available to withdraw.Source 7 |
| Recent debit-card funding | HL may refund the card instead of paying the nominated bank | The stated card-refund timeframe is 3–5 working days.Source 7 |
To move investments to another provider, the normal starting point is the receiving provider’s transfer application; it contacts HL on the customer’s behalf. That differs from selling investments and withdrawing the money personally. For complete closure through the cash route, HL says to cancel Direct Debits, sell remaining holdings, nominate the receiving bank and withdraw the settled balance.[8][9]
Protection & regulation
Sections ↑How the service holds assets
| Item | Published treatment | Why it matters |
|---|---|---|
| Client investments | Held through nominee arrangements | Customer beneficial ownership and platform legal title are distinctSource 5 |
| Client cash | Held under applicable client-money or banking arrangements | The exact destination affects which protection framework appliesSource 5 |
| Account records | Maintained by the platform | Records support reconciliation if an operational problem occursSource 5 |
| Market loss | Not eliminated by custody arrangements | Segregation and compensation are not investment-performance insuranceSource 5 |
Company and regulatory map
| Company | Published role | Reference |
|---|---|---|
| Hargreaves Lansdown Asset Management Limited | Principal UK platform and investment-services company | Company 01896481; FCA reference 115248Source 4 |
| Hargreaves Lansdown Group Limited | Parent/group company | Corporate ownership and group functions; not the account contract by itselfSource 4 |
| HL nominee / custody arrangements | Legal holding structure for investments | The exact nominee relationship sits behind the customer accountSource 5 |
| HL platform scale | 2m+ clients; £172bn+ | Company-reported service scale, separate from legal protectionSource 3 |
Opening an account & support
Sections ↑Support, closure and complaints
| Area | Published position | Practical detail |
|---|---|---|
| Ordinary support | HL help centre and official contact routes | The help centre separates account security, tax records, funding and pension access.Source 11 |
| Account closure | Sell remaining investments and withdraw the cash | Cancel Direct Debits and establish the nominated bank account first; pensions require their own access process.Source 9 |
| Formal complaint | Use HL’s complaints procedure | For ordinary investment complaints the published final-response period is eight weeks; different payment-service complaint rules can apply.Source 10 |
Transfer administration and complaints are separate from investment performance. The published service procedure provides a route for operational problems; neither the platform’s size nor a published response deadline is evidence of actual response quality in an individual case.[10]
Company background & evidence
Sections ↑HL describes more than two million clients and more than £172 billion on its platform. Those figures help explain the scale of the service but do not replace the account-level calculation. A portfolio split between funds, shares and foreign securities can face several charging layers at the same time.[3][1]
- Headquarters
- Bristol, United Kingdom
- Founded
- 1981
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
Hargreaves Lansdown Asset Management Limited
United KingdomSource 4
| Issuer & identifier | Recorded status | Date & scope |
|---|---|---|
| Financial Conduct Authority115248 | Not verified | Checked 9 Oct 2026Company-published FCA reference for the principal UK investment-services entity. Evidence status: the cited company disclosure does not constitute a retrieved current authority match; not_verified is not a finding that the company lacks authorisation.Source 4 |
Hargreaves Lansdown Group Limited
United KingdomSource 4
No separate licence entry is recorded in this panel.
Additional Information
Sections ↑Sources & further reading
- Hargreaves Lansdown charge changes from March 2026 Hargreaves Lansdown · Accessed 9 Oct 2026
- Fund and Share Account charges and interest Hargreaves Lansdown · Accessed 9 Oct 2026
- Hargreaves Lansdown service and client scale Hargreaves Lansdown · Accessed 9 Oct 2026
- Hargreaves Lansdown legal and regulatory disclosure Hargreaves Lansdown · Accessed 9 Oct 2026
- How HL holds investments and cash Hargreaves Lansdown · Accessed 9 Oct 2026
- Withdrawal prerequisites: same-name bank, address changes and settlement Hargreaves Lansdown · Accessed 15 Oct 2026
- HL withdrawal timings and debit-card refund exception Hargreaves Lansdown · Accessed 15 Oct 2026
- Transfer to another provider Hargreaves Lansdown · Accessed 15 Oct 2026
- How to close an HL account Hargreaves Lansdown · Accessed 15 Oct 2026
- HL complaints-handling procedure Hargreaves Lansdown · Accessed 15 Oct 2026
- HL account, funding, documents and support help centre Hargreaves Lansdown · Accessed 15 Oct 2026
This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.