Moneybox Funds fees
No matter which Moneybox fund you choose, your fees stay exactly the same. Your total pension cost comes down to just two things - our service fee and the fund charges. Simple, transparent and nothing unexpected.
Moneybox funds (Pension default option) | |
|---|---|
Service fee | 0.15% (capped at £150 a year) |
Fund fee | 0.29% |
For example, if you had £10,000 invested in Moneybox funds, you would pay £44 a year in fees (assuming no growth or withdrawals). That £44 is calculated as £15 for the 0.15% service fee, plus £29 for the 0.29% fund fee. Funds from other providers are also available, with higher service fees and fund fees set by each provider.
Moneybox Funds
We want you to feel confident about how your money is invested from day one. That's why when you open or transfer a pension to Moneybox, you can invest in one of our three Moneybox Funds (our defaults) or choose from a wider range of third-party funds.
Our Moneybox Funds are managed by Amundi - Europe's largest asset manager, and designed to match your risk level and stage of life.
Adventurous
Higher risk for potentially higher returns. It may suit you if you’re further away from retirement age.
Balanced
Balanced weighting on risk and return. It may be suitable if you’re starting to approach retirement age.
Cautious
The risk is low, but so are the potential returns. It may be suitable if you’re almost at retirement age.
Other providers' funds
We want you to feel in control of how your money is invested. As well as our carefully chosen Moneybox Funds, you can also choose from other providers' funds to build a custom allocation that works for you.
Global Shares
Shares | Fund fee 0.12% (transaction costs also apply.)
Track the global stock market with shares in more than 1,600 companies like Apple and Amazon.
Global Health & Pharmaceuticals Shares
Shares | Fund fee 0.31% (transaction costs also apply.)
Champion the healthcare sector by investing in companies like Johnson & Johnson and Pfizer.
Islamic Global Shares
Shares | Fund fee 0.62% (transaction costs also apply.)
Follow the principles of Islamic finance by excluding industries such as alcohol and tobacco.
Other providers' funds fees
If you go with other providers' funds, slightly different fees apply - here's the full breakdown.
Other providers' funds | |
|---|---|
Service fee | 0.45% (no annual cap) |
Fund fee | Set by the provider |
For example, if you had £10,000 invested in Fidelity Global Shares, you would pay £57 a year in fees (assuming no growth or withdrawals). That £57 is calculated as £45 for the 0.45% service fee, plus £12 for the 0.12% fund fee.
You may also want to consider other features, such as the investments available or options to withdraw at retirement.