Pension Basics

Why do I need to set up a Direct Debit for my pension?

To make contributions to your pension, and to help us verify your identity, you will need to link your Moneybox with a UK current account held in your name and set up a Direct Debit. 

Setting up a Direct Debit does not mean you need to make payments into your account, and we will only ever collect funds if you instruct us to do so in-app.

It’s worth noting that you can only link one UK current account to your Moneybox, and we are unable to accept links with a business account, savings account, or a UK current account held in someone else’s name.

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It's important you know

Capital at risk. All investing should be regarded as 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.

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