Your path to a comfortable retirement.

Your pension is the key to unlocking a world of possibilities. Whether you’re dreaming of travelling the world, pursuing passions, or simply enjoying quality time with loved ones, with our expert guidance, you can invest in your retirement wealth with confidence.

Learn more about our pension services or get help from one of our investment consultants today.

With investing, your capital is at risk. Tax treatment depends on your individual circumstances and may be subject to change in the future.

Moneyfarm image
Moneyfarm image

Your path to a comfortable retirement.

Your pension is the key to unlocking a world of possibilities. Whether you’re dreaming of travelling the world, pursuing passions, or simply enjoying quality time with loved ones, with our expert guidance, you can invest in your retirement wealth with confidence.

Learn more about our pension services or get help from one of our investment consultants today.

With investing, your capital is at risk.

Moneyfarm image

Grow your pension wealth with us.

Our pension offers a tax-efficient way to grow the wealth that will provide you with income during your retirement.

Grow your pension wealth with us.

Our pension offers a tax-efficient way to grow the wealth that will provide you with income during your retirement.

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Expertly managed

Our expert investment team will manage your pension for you and keep you updated.

Matched to you

A pension built around you, matched to your risk profile and life goals.

Cost-effective

Know exactly what you're paying for with our straightforward fees and watch your savings achieve their full potential without hidden costs eating into your future.

Expertly managed

Our expert investment team will manage your pension for you and keep you updated.

Matched to you

A pension built around you, matched to your risk profile and life goals.

Cost-effective

Know exactly what you're paying for with our straightforward fees and watch your savings achieve their full potential without hidden costs eating into your future.

Expertly managed

Our expert investment team will manage your pension for you and keep you updated.

Matched to you

A pension built around you, matched to your risk profile and life goals.

Cost-effective

Know exactly what you're paying for with our straightforward fees and watch your savings achieve their full potential without hidden costs eating into your future.
Discover more

Capital is at risk

Expertly managed

Our expert investment team will manage your pension for you and keep you updated.

Matched to you

A pension built around you, matched to your risk profile and life goals.

Cost-effective

Know exactly what you're paying for with our straightforward fees and watch your savings achieve their full potential without hidden costs eating into your future.

All your pension wealth under one roof.

All your pension wealth under one roof.

If you’ve had more than one job, chances are you may have different pension pots spread around. That’s why we offer a hassle-free transfer service to consolidate your pensions and bring them all under one roof, making tracking and planning your retirement easier than ever. Just make sure to check you won’t lose any guarantees or penalties or incur any fees before you decide to transfer. For more information see our key considerations page.

If you’ve had more than one job, chances are you may have different pension pots spread around. That’s why we offer a hassle-free transfer service to consolidate your pensions and bring them all under one roof, making tracking and planning your retirement easier than ever. Just make sure to check you won’t lose any guarantees or penalties or incur any fees before you decide to transfer. For more information see our key considerations page.

Transfer a pension to MoneyfarmTransfer a pension to Moneyfarm

Capital at risk

Capital at risk

Pension Drawdown.

Pension Drawdown.

Our free pension drawdown service helps you make confident, stress-free decisions to stay in control of your retirement income.

Our free pension drawdown service helps you make confident, stress-free decisions to stay in control of your retirement income.

What is pension drawdown?

What is pension drawdown?

Pension drawdown is a flexible option for accessing your pension in retirement. You can withdraw lump sums, generate a steady income or do both.

You can typically withdraw up to 25% of your pension pot tax-free, whilst leaving the rest invested. This means your pension can continue to grow over time. As with all investments, there is a chance that your pension could fall in value.

Moneyfarm’s drawdown service allows you to access your pension anytime after the age of 55 (this is set to change to 57 on 6 April 2028).

Pension drawdown is a flexible option for accessing your pension in retirement. You can withdraw lump sums, generate a steady income or do both.

You can typically withdraw up to 25% of your pension pot tax-free, whilst leaving the rest invested. This means your pension can continue to grow over time. As with all investments, there is a chance that your pension could fall in value.

Moneyfarm’s drawdown service allows you to access your pension anytime after the age of 55 (this is set to change to 57 on 6 April 2028).

Speak with a consultant

Tax treatment depends on your individual circumstances and may be subject to change in the future.

Speak with a consultant

Tax treatment depends on your individual circumstances and may be subject to change in the future.

Key considerations before you transfer.

Key considerations before you transfer.

It’s important to make an informed decision when it comes to transferring your pensions. To help you with this, we suggest that you perform a few checks. 

Firstly, check that you won’t lose any guarantees or safeguarded benefits if you transfer. This could include things like guaranteed annuity rates, guaranteed income or additional death benefits.If you’re concerned about losing such benefits, we recommend seeking financial advice before proceeding with any transfer.

Take a look at your current pension scheme to assess the fees you’re paying and whether any exit fees or penalties that your existing provider may charge should you choose to transfer.

Please note that we do not transfer defined benefit schemes (such as final salary or average salary schemes), nor can we replace your workplace pension scheme where your employer is currently contributing. We also won’t transfer a pension if you have already started to take benefits from it. 

Rest assured, we’re committed to ensuring that your pension transfer experience is smooth, transparent, and meets your individual needs.

It’s important to make an informed decision when it comes to transferring your pensions. To help you with this, we suggest that you perform a few checks. 

Firstly, check that you won’t lose any guarantees or safeguarded benefits if you transfer. This could include things like guaranteed annuity rates, guaranteed income or additional death benefits.If you’re concerned about losing such benefits, we recommend seeking financial advice before proceeding with any transfer.

Take a look at your current pension scheme to assess the fees you’re paying and whether any exit fees or penalties that your existing provider may charge should you choose to transfer.

Please note that we do not transfer defined benefit schemes (such as final salary or average salary schemes), nor can we replace your workplace pension scheme where your employer is currently contributing. We also won’t transfer a pension if you have already started to take benefits from it. 

Rest assured, we’re committed to ensuring that your pension transfer experience is smooth, transparent, and meets your individual needs.

Pension calculator.

Pension calculator.

Discover how much you should be saving with our pension calculator.

Discover how much you should be saving with our pension calculator.

About you


Your current situation

 
£
 
£
 

 

£
 
£
 

Your goal

 
£
 
Include state pension
 

Results:


Your pension

Retiring at 66 with your current monthly contribution of £200, your annual income will be £20,616 off your target.



Retirement income (annual):

Current:

£29,384

Target:

£50,000


Retirement pot:

Current:

£508,936

Target:

£1,095,646

Your contribution

By increasing your current monthly contribution and transferring your pension to Moneyfarm you'll be able to achieve your target retirement income.



Current monthly contribution of£200

A new monthly contribution of£427


Ideal monthly contribution of

£627

Your options

  • Lower your target income

  • Delay your retirement

Or, let Moneyfarm help you:


  • Open a pension plan of £427 to increase your contribution

  • Transfer your current pension to Moneyfarm and increase your contribution by £427

Reach your target with us
How we calculated these figures

The figures here take into account of inflation at 2% and show the buying power of your pension in today’s money. We use the tax year 2024/25 for the relevant figures. If you have any questions, contact our Investment Consultants on 0800 433 4574 or email hello@moneyfarm.com.

This calculator aims to give you an indication of how much you may need to contribute to a pension to achieve your desired retirement income. The calculator should not be regarded as personal advice, nor is this a reliable indicator of future performance. As with all investments, your capital is at risk and the value can fall and rise, therefore you may get back less than you invest. One consensus is that you should aim for two - thirds of your final salary to maintain your current standard of living when retired.

The State Pension age in the UK is currently 66 years old for both men and women, while the age in which you can access a Private Pension is 55 (Increasing to 67 and 57 respectively from 2028).

This calculation assumes that your investments will grow by an annualised 5% during the accumulation phase - before your desired retirement age. Once retired, your investments will grow by an annualised 3%. We assume a Fixed Allocation portfolio, with an estimated total fee of 0.62% - including the Moneyfarm fee, underlying fund fee and the spread. We assume you will receive the full state pension of £11,501 a year during retirement and that you will live to the age of 82.6 based on the latest dataset published by the Office of National Statistics (National life tables – life expectancy in the UK: 2020 to 2022).

The drawdown time period is assumed to be from the age you would like to retire to your life expectancy as per above.

Regular contributions are assumed to be personal contributions increased in line with inflation and include the tax relief associated with a basic rate taxpayer. If you are a higher or additional rate taxpayer you may be eligible for higher amounts of tax relief.

The figures here are a guide and are not guaranteed. Your final pension fund and the income available will depend on factors including the growth your fund achieves, contributions you make in the future, charges, inflation, your retirement age, annuity rates at the time and the annuity options you choose. Your personal contribution could be less, as you may benefit from additional government tax relief. Contributions above the £60,000 per year allowance, or your annual income, will not receive tax relief; unless you are using unused allowances from previous tax years that have been carried forward.

This calculator does not take account tax charges which may apply to withdrawals or to contributions that exceed your allowances. Prevailing tax rates and reliefs are dependent on your individual circumstances and are subject to change.

Getting started is easy.

Getting started is easy.

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Answer a few simple questions

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Discover your perfect portfolio

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Invest according to your goals

Get started

Capital at risk

Moneyfarm image

Answer a few simple questions

Moneyfarm image

Discover your perfect portfolio

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Invest according to your goals

Discover more ways to build your wealth.

Discover more ways to build your wealth.

Explore your other options with us. Whether you're new to investing, more experienced or just looking to diversify, our products are designed to meet a broad range of needs and goals. Take the next step in your financial journey today.

Explore your other options with us. Whether you're new to investing, more experienced or just looking to diversify, our products are designed to meet a broad range of needs and goals. Take the next step in your financial journey today.

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General Investment Account

Get more choice and more opportunities with our General Investment Account. Make unlimited contributions, get quick access to your money and even open different portfolios for different goals.

Learn more

Stocks and Shares ISA

Invest up to £20,000 every year with tax-free growth. Choose an expertly managed portfolio or build your own with a Share Investing account.

Learn more

Pension

Retire your way, with an expertly managed pension tailored to your needs and goals. Enjoy up to 45% tax relief, free pension drawdown, and expert guidance when you need it.

Learn more

General Investment Account

Get more choice and more opportunities with our General Investment Account. Make unlimited contributions, get quick access to your money and even open different portfolios for different goals.

Learn more

Stocks and Shares ISA

Invest up to £20,000 every year with tax-free growth. Choose an expertly managed portfolio or build your own with a Share Investing account.

Learn more

Pension

Retire your way, with an expertly managed pension tailored to your needs and goals. Enjoy up to 45% tax relief, free pension drawdown, and expert guidance when you need it.

Learn more

General Investment Account

Get more choice and more opportunities with our General Investment Account. Make unlimited contributions, get quick access to your money and even open different portfolios for different goals.

Learn more

Stocks and Shares ISA

Invest up to £20,000 every year with tax-free growth. Choose an expertly managed portfolio or build your own with a Share Investing account.

Learn more

Pension

Retire your way, with an expertly managed pension tailored to your needs and goals. Enjoy up to 45% tax relief, free pension drawdown, and expert guidance when you need it.

Learn more

Tax treatment depends on your individual circumstances and may be subject to change in the future.

General Investment Account

Get more choice and more opportunities with our General Investment Account. Make unlimited contributions, get quick access to your money and even open different portfolios for different goals.

Learn more ❯
Stocks and Shares ISA

Invest up to £20,000 every year with tax-free growth. Choose an expertly managed portfolio or build your own with a Share Investing account.

Learn more ❯
Pension

Retire your way, with an expertly managed pension tailored to your needs and goals. Enjoy up to 45% tax relief, free pension drawdown, and expert guidance when you need it.

Learn more ❯

Tax treatment depends on your individual circumstances and may be subject to change in the future.

Gain deeper insight

Gain deeper insight

Slide 1 of 3

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Frequently asked questions.

What happens if I die after the age of 75?
What happens if I die before the age of 75?
How do the lump sum and death benefit allowance work?
How the does the lump sum allowance work?
What happens when you take money from a pension?
What is a tax-free lump sum?
What are Tax-free lump sum allowances for pensions?
I’m self-employed, can I use the Moneyfarm pension?
Can my employer make contributions to my Moneyfarm pension?
What is the annual pension allowance?
How much should I contribute to my pension?
How do pensions work?
What is a pension?
Can I transfer a pension?
Is there a minimum transfer value?
How do I transfer a pension?
Can I transfer a pension if I’ve started to take benefits?
What type of pensions can I transfer?
How long does it take to transfer a pension?
What happens to a pension when you die?
What annuity could I get with my pension when I retire?
How much tax will I pay on my pension?
What was the lifetime pension allowance before April 2024?