Unfortunately not. Only you, the policyholder, can make contributions to your Moneybox Personal Pension. However, you can transfer in old workplace pensions that are no longer being contributed to by your employer.
Think of the Moneybox Pension as a Personal Pension that runs alongside your workplace pension! It’s ‘in addition to’ your workplace pension rather than ‘instead of’ your workplace pension.
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.
