Pensions 101 in under 60 seconds ⏱️
We know pensions can be confusing and it’s sometimes difficult to know where to start. But we want to change that.
With a little help from financial coach and Head of Personal Finance at Moneybox, Brian Byrnes, we’re bringing you a series of straightforward, no-nonsense videos full of useful tips and tricks to get you feeling pension positive! 💪
First up, Brian gives you the lowdown on everything you need to know to get started on your pension journey. Watch the video and stay tuned for the second instalment.
How does the Moneybox Pension work?
In addition to a workplace pension, a personal pension is a great way to grow a healthy pension pot. With the Moneybox Personal Pension, you can:
- Track down and combine your old workplace pensions into one personal pension, with the help of our trusty Pension Detectives 🔍
- Get a free 25% bonus from the government on your contributions. So for every £4 you save, the government will contribute £1 (Pension and Tax rules apply) 💰
- Save as much or as little as you like, whenever and as often as you like with weekly deposits, monthly payday-boosts, one-off deposits or round-ups ✔️
- Track the performance of your investment 24/7 in the app 📲
As with all investing, the value of your pension can go up and down, and you may get back less than you invest. If you’re planning to transfer your pension, it’s important to compare the charges and benefits between Moneybox and your old provider, and whether the risk and reward profile of the investments we offer matches your needs.