Moneyfarm
Personal Pension

Match with a portfolio that’s built and managed for your investor
profile and let Moneyfarm help you prepare for your future, today.

Your capital is at risk. Investments can go down as well as up and you may get back less than you originally invested. Read more on understanding the risks

What is the Moneyfarm Pension

Life is too short to forget about the future you, but protecting and growing your money can be difficult.

Building an investment portfolio that reflects your personal goals, time horizon and financial situation is tricky to get right. At Moneyfarm, we do the hard work for you, matching you with an investor profile and portfolio that’s built, managed and regulary rebalanced to ensure you stay on track to achieve your retirement goals.

Invest with Moneyfarm for a low-cost, transparent and simple investment solution, that’s built to help you reach personal financial goals.

The Moneyfarm Pension

Why choose a Moneyfarm Pension?

Personalised

Match with a portfolio that’s specifically built and managed for your investor profile

Made and managed for you

Our team of experts manage your pension for you to ensure you’re on track to reach your goals

Target date

The investments in your pension will adjust as you get older, for free

Generous tax benefits

Supplement your pension contribution with generous tax benefits

Hassle-free

The hardest decision you have to make is when and how much you can invest in your pension

Low cost

Don’t let expensive fees eat into your retirement income – keep more of your money for the important stuff

Transfer for free

Manage all your pension savings in one place to make sure you’re on the right track to reach your goals

Transparent

Know what you’re invested in, how your pension is performing and how much you’re paying anywhere and any time

Income drawdown

For flexibility in retirement, withdraw at any time, without any additional fees

How the Moneyfarm Pension can help you

The Moneyfarm Pension is a personal pension plan designed to give you financial security throughout retirement. By investing your pension pot in the financial markets, you aim to protect your money from inflation and benefit from positive market trends.

The amount you get in retirement depends on how much money you put in your private pension throughout your working career and how your pension fund performs.

The pension landscape has been overhauled to provide more options and flexibility to Brits saving for their pension. With more choice, comes more decisions, which can make it more difficult for savers to know that’s right for them.

Start a pension

It takes just ten minutes to open a Moneyfarm pension. Invest in your future self and reap the rewards.

Start a pension

Transfer a pension

Sign up, fill in a form, and let us do the hard work for you. See all your pensions in one place.

Transfer a pension

How it works

Tell us about you

Fill in a questionnaire about your goals, time horizon, financial situation and attitude to risk.

Match with an investor profile

Prepare for your retirement with an investment portfolio that’s built to help you achieve your goals.

Add funds

Add money to your pension via direct debit, and build up your pension pot for retirement.

Remember the important things in life

Moneyfarm manages your investments for you, so you can focus on making memories today.

Tax benefits to the Moneyfarm Pension

Start saving into your Moneyfarm Pension to enjoy the generous tax benefits. We take on this cost for you so you’ll automatically get 20% tax relief on your contributions – no waiting for HMRC.

You’re able to claim relief relative to your pension contributions depending on how much tax you pay. If you’re a basic rate payer you will pay £8,000 for a £10,000 pension contribution, and a higher rate band will pay just £6,000.

If you’re a higher rate payer, make sure you don’t miss out on the tax benefits you’re owed. Fill in your tax return form to reclaim your relief. You’ll either receive it as a rebate at the end of the tax year, a reduction in your tax liability, or HMRC will change your tax code.

Start a pension
Basic rate of income tax
Tax relief 20%
To get £10,000 in your pension add £8,000
Auto relief or claim to HMRC? Auto
Higher rate of income tax
Tax relief 40%
To get £10,000 in your pension add £6,000
Auto relief or claim to HMRC? HMRC
Additional rate of income tax
Tax relief 45%
To get £10,000 in your pension add £5,500
Auto relief or claim to HMRC? HMRC

Transfer your Moneyfarm Pension

With the average Brit having 11 jobs in their career, it can be difficult managing all your pensions. If you don’t know exactly what you’ve got, how do you know if you’re on track to reach your goals? Don’t make life hard for yourself. Transfer your existing pensions to Moneyfarm for free and manage all your savings in one place – life shouldn’t always be full of surprises.

To consolidate your pensions, sign up to Moneyfarm and select the Pension account. You can download a pension transfer form, which you’ll need to print out, fill out, sign and send to the address stated. Depending on where you’re transferring your pension from, there may be additional paperwork to sign. If this is the case, we will get in touch.

We’ll take it from there. We’ll talk to your existing provider and move your pensions over to your Moneyfarm account. This process should take three-four weeks, although this depends on your provider. It won’t cost you a thing to transfer your pension to your Moneyfarm account, although your existing provider may have some transfer out charges.

Transfer a pension

How much will my Moneyfarm Pension cost

At Moneyfarm, we believe everyone should have access to simple and low-cost investment solutions – especially when they are protecting their money for their family’s future.

Our fees are low-cost to ensure that you keep more of your money for your retirement. Whether you invest £10,000 or £1 million, our investor-friendly fee structure will suit your needs.

Your investments are charged at an account level, not for each product. You will be charged a management fee and fund fee, that’s it. You can find our fees on our pricing page. There will be no surprise flat fees or charges for rebalancing, transferring or for meeting targets.

Whether you invest £10,000 or £1 million, our investor-friendly fee structure will suit your needs.

We’re here for you

Whether you need help, reassurance, or just a good old-fashioned conversation, our investment consultants are here to talk you through every part of your investment journey.

You’ll love our investment consultants, who are here to talk you through your portfolio performance, in the way that’s right for you.

0800 433 4574

hello@moneyfarm.com

How a target date product can help you

Whenever you invest, your risk profile affects what goes into your portfolio. The longer you have, the more risk you can afford to take and the higher your scope for return. As your time horizon changes, so should the composition of your portfolio. At Moneyfarm, your pension is built with exchange traded funds (ETFs) to keep your investments low-cost and transparent.

The Moneyfarm Pension is a target date product, which means we rebalance your portfolio to keep you on track to achieve your financial goals. Once you invest in your Moneyfarm Pension, you can get on with the important things in life, knowing we have your back.

Pension

How to use your pension

Pension freedoms have unlocked the freedom and choice in the pension system, but this can leave many Brits scratching their heads when it comes to planning how to use their pension savings. Once you reach the age of 55 you can take 25% of your pension savings tax free which means you can then:

  • Buy a flexible income drawdown
  • Buy an annuity
  • Withdraw it and keep it as cash
  • Do a mixture of the three

Keeping your money in cash might seem like a safe option, but you’re leaving the value of your money exposed to inflation. If you aren’t earning an inflation-beating return on your cash, your money will be losing purchasing power over time.

Whilst many savers like the stability of an annuity income, the low interest rate environment mean the returns offered from providers can be small and there is no flexibility.

Once you’ve made your decision, you can’t change your mind and you have to make sure you pick the right options if you want to pass on your savings when you die. Income drawdown offers savers much more flexibility. You won’t have to save up your annuity income for any urgent home repairs, or to make the impromptu group City Break for your friend’s birthday.

You decide how much you want to spend, and then to spend it. By keeping your money invested in the financial markets, you hope to benefit from market trends for longer. But be careful – once you use up your savings, your money is gone.

If you have any questions, don’t hesitate to get in touch with our qualified investment consultants.

How to use your pension

Start a pension

It takes just ten minutes to open a Moneyfarm pension. Invest in your future self and reap the rewards.

Start a pension

Transfer a pension

Sign up, fill in a form, and let us do the hard work for you. See all your pensions in one place.

Transfer a pension

Pension calculator

Retirement doesn’t come cheap, but the sooner you start saving for your future, the less it impacts your day-to-day living. But how much should you be saving with each pay cheque?

Remove the guesswork and use the free Moneyfarm Pension Calculator to find out how much you should be putting away each month to achieve that dream retirement.

Calculate your pension

Our other wealth management products

General Investment

The Moneyfarm General Investment Account takes you closer to your goals. We’ll match you with a portfolio that can help your money grow. You’ll love our low fees and customer service.

Find out more

Stocks & Shares ISA

A tax-efficient way to invest, so you keep more of your money and get one step closer to your goals. The Moneyfarm ISA is flexible, transparent and low-cost. You’ll love how easy it is to transfer your ISA.

Find out more

Your portfolio.
In your pocket.

Download APP

Start a pension

It takes just ten minutes to open a Moneyfarm pension. Invest in your future self and reap the rewards.

Start a pension

Transfer a pension

Sign up, fill in a form, and let us do the hard work for you. See all your pensions in one place.

Transfer a pension