How does the Moneybox Personal Pension work?
Everyone deserves a retirement full of possibility. That’s why we’ve made it easier than ever to get started with our easy, low-fee, award-winning personal pension. From first deposit to enjoying your savings in retirement, here’s how the Moneybox Personal Pension can support your financial goals.
The smart way to build a retirement full of possibility
One of the lowest fees in the UK.* Fees shouldn’t eat into your retirement savings. That’s why our service fee is just 0.15% and capped at £150 a year – no matter the size of your pension.
Expertly curated funds. Choose from one of three pre-made Moneybox Funds – managed by Amundi, the largest European asset manager – so you can feel confident you’ve made the smart choice.
Find other pensions in seconds. Use our pension search tool to find your old pensions. Just add your previous employer and dates worked there to get instant results.
Combine old pots. Consolidate your wealth into one easy-to-manage pension to see all your money in one place and pay one straight fee.
Claim a 25% bonus from the government as tax relief on contributions.
See into your financial future. Use our projections tool to reveal how much you could have at retirement.
Flexible access to your pension
With our drawdown service, you can make regular ad-hoc withdrawals or a lump sum – while the rest of your money stays invested, giving it the potential to keep growing even after you’ve started spending it.
Personal pension vs workplace pension
A personal pension is a pension you set up yourself, which could offer more flexibility. It’s different to a workplace pension, which your employer sets up and you both pay into. Having both could give you a better chance of living the life you want to in retirement.
Opening a Moneybox Personal Pension
It takes just a few minutes to open a Moneybox Personal Pension through the app or on web. Ready to build a retirement full of possibility?
*Moneybox, Pension fees comparison, as of 26/05/2026
As with all investing, your capital is at risk. The value of your pension can go up and down, and you may get back less than you invest. Tax treatment depends on individual circumstances and may be subject to change in the future. You can only access your pension once you reach the minimum pension age.
Taking benefits from your pension is a significant financial decision. We strongly recommend seeking free guidance from Pension Wise or advice from a financial adviser before making a choice.