The Moneybox Pension

Can I cancel my pension transfer?

To cancel a personal pension transfer, please get in touch with the team through the in-app chat by heading to Settings and tapping the ‘?’ in the top right , or at pensions@moneyboxapp.com. They’ll get in touch with your existing provider to cancel the transfer.

If your pension transfer is complete and we’ve already received the money, you have 30 days from the transfer closing to cancel this transfer. When the transfer closed you would have received an email with a cancellation notice attached. You’ll need to get this completed before we can proceed.  Please note that whilst we can forward this request on, there is no guarantee your old provider will take the pension back and you may need to transfer somewhere else.

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It's important you know

Capital at risk. All investing should be for the longer term. The value of your investments 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.

A 25% government penalty applies if you withdraw money from a Lifetime ISA for any reason other than buying your first home (up to £450,000) or for retirement, and you may get back less than you paid into your Lifetime ISA.

Your home may be repossessed if you do not keep up repayments on your mortgage.

Payments you make into your pension won’t be accessible until the minimum pension age (currently 55, increasing to age 57 from 2028). Tax treatment depends on individual circumstances and may be subject to change in the future.

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