One of the UK's best priced personal pensions
Combine your old pension pots into one easy-to-manage Moneybox Personal Pension
Benefit from low fees* with one of the UK's best-priced personal pensions
Claim your 25% bonus from the government as tax relief on contributions
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. Capital at risk. *Moneybox, Pension fees comparison 20/04/26.
"My Moneybox pension blows other pension providers out of the water. The low fees are fantastic."
Tony, Moneybox pension customer since 2022
Get £100-£5,000 cashback for your future
Transfer in, deposit, or do both to add £10,000 or more into a Moneybox Personal Pension by 31 July 2026 to earn your cashback.
Capital at risk. Pension, tax rules, and offer T&Cs apply.
The smart way to save for retirement
Low fees
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Find lost pensions
We've tracked down nearly £1bn in old pension pots
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Combine old pensions
We've made it easier than ever to consolidate your pension into one easy-to-manage Moneybox Personal Pension and take control of your retirement.
One of the UK's best-priced personal pensions - compare our fees
Do you have old pensions sitting elsewhere? High fees could be shrinking your retirement savings. Combine your old pots into one Moneybox Personal Pension – some of the of the lowest personal pension fees in the UK – and save up to £725 on service fees every year.
Pension value | Moneybox Annual fees | Monzo Annual fees | Vanguard Annual fees | Interactive Investor Annual fees | Hargreaves Lansdown Annual fees | AJ Bell Annual fees |
|---|---|---|---|---|---|---|
£10,000 | £15 | £25 | £48 | £72 | £35 | £25 |
£25,000 | £62 | £63 | £48 | £72 | £88 | £63 |
£50,000 | £75 | £125 | £75 | £72 | £175 | £125 |
£100,000 | £150 | £250 | £150 | £156 | £350 | £250 |
£250,000 | £150 | £250 | £375 | £156 | £875 | £625 |
£500,000 | £150 | £250 | £375 | £156 | £1500 | £875 |
£1,000,000 | £150 | £250 | £375 | £156 | £2750 | £875 |
Moneybox fees shown are for the Moneybox funds (Pension default option). Correct as of 26/05/2026. Figures show the Annual Costs Charged by the provider for their SIPP or Personal Pension. It does not include any dealing or FX fees a provider may charge, or any fees directly charged by the asset invested in such as fund or ETF fees.
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Save your way
With a Moneybox Personal Pension, you can set up a weekly and monthly deposits, as well as make one-off deposits.
Moneybox funds
Introducing the Moneybox funds, giving you an easy way to invest your pension and grow your wealth for retirement. This is the default option for your pension, unless you select otherwise.
Moneybox Cautious
Fund fee | 0.29% (transaction costs also apply.)
The risk is low, but so are the potential returns. It may be suitable if you're almost at retirement age.
Moneybox Balanced
Fund fee | 0.29% (transaction costs also apply.)
You place similar weighting on risk and return. It may be suitable if you're starting to approach retirement age.
Moneybox Adventurous
Fund fee | 0.29% (transaction costs also apply.)
You're happy to accept higher risk for potentially higher returns. It may suit you if you're further away from retirement age.
Fees
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.
Other providers' funds
Select from a range of other providers' funds within the Moneybox app.
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.
Fees
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.
Moneybox guide to pensions
Save for retirement using the “half your age” rule
Head of Personal Finance, Brian Byrnes, explains.
Investing with a Moneybox Pension
Investing for retirement can be quick and easy. Here’s how it works.
How to make the most of your pension savings
Make your pension work harder.
What is pension tax relief?
Breaking down the jargon around tax relief.
Pension FAQs
The questions people ask most often before opening a Moneybox Personal Pension.
What is a pension?
The Moneybox Pension is a personal pension that puts you in control of your retirement savings. You choose how your money is invested from our range of expertly curated funds.
You can pay in regularly or as a lump sum, and the government adds tax relief on top of your contributions.
Who can open a pension?
You can open a Moneybox Pension if you're a UK resident aged 18 or over and have a National Insurance number. There's no upper age limit to open one, but tax relief on contributions stops at age 75.
What if I have a workplace pension?
You can open a Moneybox Personal Pension alongside a workplace pension. They're separate, and you can pay into both within your annual allowance.
If you're considering opting out of a workplace pension to pay into a personal pension instead, it's worth knowing that you'd lose any employer contributions. We can't accept transfers from a pension associated with your current employer.
If you're unsure what's suitable for your circumstances, consider speaking to an independent financial adviser.
What's the difference between the Moneybox Personal Pension and a workplace pension?
A workplace pension is set up by your employer, who also contributes to it. Your investment choices are usually limited to a small set of pre-built funds.
The Moneybox Pension is a personal pension you open yourself. You choose how your money is invested from our range of funds, designed to match different attitudes to risk. You can also use it to consolidate old pensions in one place.
What do I need to know about opening a SIPP?
Three things to know before opening a SIPP:
Your money is invested, so its value can go up and down and you may get back less than you put in.
You can't access the money until the minimum pension age (currently 55, increasing to age 57 from 2028).
You get tax relief on contributions up to your annual allowance, but tax treatment depends on your circumstances and may change in the future.
How many pensisons can I have?
There's no limit on the number of private pensions you can hold. You can pay into more than one in the same tax year, but your total pension contributions across all schemes can't exceed your annual allowance without losing tax relief on the excess.Most people find it easier to manage their retirement savings in one place. You can transfer eligible old pensions into your Moneybox Personal Pension to consolidate.
Is a pension the right choice for me?
We don't offer personal financial advice or make recommendations based on individual circumstances.
But many people find a personal pension useful if they want more control over how their pension is invested, want to consolidate older pensions in one place, or are self-employed and don't have access to a workplace scheme.
Some things to consider before opening one: whether you already have a workplace pension and would lose employer contributions by opting out, your attitude to investment risk, and how long you have until you plan to access your pension.
If you're unsure, speak to an independent financial adviser before making any decisions.
What funds can I invest in?
The Moneybox Personal Pension offers a curated range of Moneybox funds, designed to match different attitudes to risk.
The funds vary by their mix of stocks and bonds:
Cautious is mainly invested in bonds, with lower risk and lower potential returns.
Adventurous is mainly invested in stocks, with higher risk and higher potential returns.
Balanced sits in between. Full fund information, including holdings and historical performance, is available in the app once you've opened your pension.
What fees will I pay?
You'll pay an annual platform fee on the value of your pension, capped at a maximum amount once your portfolio reaches a qualifying size.
Fund fees, charged directly by the fund provider, also apply and are reflected in the unit price of each fund.
There are no fees for opening the pension, paying in, or transferring an old pension to Moneybox.
See the chart above for how our annual platform fee compares with other major UK providers as at 20 April 2026.
It’s important to know
As with all investing, your capital is at risk. The value of your pension can go up and down, and you may get back less than you invest. When deciding whether to transfer your pension, it’s important to compare the charges, investment options & benefits between Moneybox and your old provider. Moneybox cannot accept a transfer from a pension your employer is currently paying into. You can only access your pension once you reach the minimum pension age.
Tax treatment depends on individual circumstances and may be subject to change in the future.