Moneyfarm has been voted Best Direct SIPP Provider in the YourMoney.com Awards.
What is the Moneyfarm Private Pension?
The Moneyfarm Pension is a fully managed self-invested personal pension (SIPP). This means your Moneyfarm Pension is built and continually managed by our investment team to ensure you stay on track to get the retirement lifestyle you’ve been working towards.
Our investment advice matches you to one of our portfolios, so that your pension reflects your retirement goals, time horizon and risk appetite.
The Moneyfarm Pension is a target date product, which means we automatically rebalance your portfolio as you get closer to retirement to keep you on track to achieve your financial goals.
Why choose a Moneyfarm Private Pension?
Moneyfarm’s cost-efficient investment advice matches you to a pension that’s built to reflect your investor profile and time horizon
Our investment team build and manage your portfolio, regularly rebalancing your pension to manage risk and maximise returns
Bring together old pensions for free. Managing your savings in one place makes it easier to keep on track with your objectives
Our technology ensures you’re always invested in a suitable portfolio. Let us know when your situation changes, and your portfolio will change with you
We adjust your pension investments as you get older and automatically de-risk your portfolio as you get closer to retirement
Flexible access to your pension when you reach retirement. Start withdrawing from your pension without any additional fees
Tax benefits to the Moneyfarm Private Pension
Start saving into your Moneyfarm Pension to enjoy the generous tax benefits. You can claim tax relief on your pension contributions depending on how much tax you pay.
When you invest with Moneyfarm, you’ll automatically get your 20% tax relief – no waiting for HMRC. This equates to a 25% boost to your pension contributions.
If you’re a higher or additional rate taxpayer you’re entitled to more. Fill in your tax return form to reclaim your relief. You’ll receive your additional relief as either 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
|To get £10,000 in your pension add||£8,000|
|Auto relief or claim to HMRC?||Auto|
|To get £10,000 in your pension add||£6,000|
|Auto relief or claim to HMRC?||HMRC|
|To get £10,000 in your pension add||£5,500|
|Auto relief or claim to HMRC?||HMRC|
How it works
Discover your investor profile
Answer questions about your financial knowledge, financial situation and attitude to risk to discover your investor profile
Match with the right portfolio
We’ll recommend the right pension portfolio for you to meet your retirement goals, built and managed by our team of experts
Add funds to your pension
Add money to your pension by setting up a direct debit and investing a lump-sum. You can even transfer old pensions for free
Receive ongoing investment advice
You’ll always invested in a suitable portfolio. If your financial situation changes, let us know, because your pension might need to adjust too
How much will my Moneyfarm Private Pension cost?
We keep costs simple and only charge you one fee at an account level; our management fee. The total cost of investing includes two further costs, the transaction cost (market spread) and underlying fund fee.
Whether you invest £10,000 or £1 million across your pension, ISA, or GIA, our investor-friendly fee structure will suit your needs. There will be no surprise flat fees or charges for rebalancing, transferring or for meeting targets.
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.
Slide to see how much our Pension would cost
Transfer your pension to Moneyfarm
Combining your old pots could make your pensions easier to manage and help you save on fees. With Moneyfarm transferring your pension is easy, free and efficient.
Just fill out the required information on the transfer form and we’ll take it from there. We’ll talk to your existing provider and move your pensions over to your Moneyfarm account. We’ll even cover any transfer-out charges your existing provider might bill you. This process should take three-four weeks, although this depends on your provider.Transfer a Pension
What our customers think
We’re here for you
Our Investment Consultants are here to talk you through every part of your investment journey – whether you have questions about your account, your performance or the the decision-making behind the latest rebalancing.
Technology makes our investment advice cost-efficient; our Investment Consultants make our service invaluable.
Pensions Frequently Asked Questions
It’s important you understand all the options available to you to make the right decisions with your retirement savings.
Here you can find some answers to the most frequently asked questions, our you can read more on retirement on our pension guide linked below.
What is a pension?
How do pensions work?
You can claim tax relief on your personal pension contributions relative to your income tax band. The investments in your pension will grow free from income tax and can be sold without incurring a Capital Gains Tax charge. You can usually take 25% of your total pension pot as a tax-free lump sum from the age of 55, and the remainder will be taxed according to your income tax band.
Once you’ve started to save into your pension, you will normally have to wait until you’re 55 before you can draw any money from it. You can then decide whether to go into income drawdown, buy an annuity with your savings, or do a combination of the two.