The Moneybox Pension

Can I move any type of pension to Moneybox?

We’re not able to accept every type of pension, unfortunately. We can’t accept a pension you are currently contributing to – we can only accept old pensions. Additionally, if your old pension is a ‘defined benefit’ scheme or has any special benefits (for example greater than 25% tax free cash), we wouldn’t be able to accept this liability.

We are also unable to accept pension transfers if your pension is associated with employment from a country outside of the UK.

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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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