Find and combine your lost pensions in a few easy steps with Moneybox
Ever changed jobs? You could have lost pensions. Consolidate your lost pensions and benefit from one of the lowest fees in the UK.
Pension savings are designed for the long term and payments you make into your pension won’t be accessible until the minimum pension age (currently 55, increasing to age 57 from 2028). Pension and tax rules apply.
Join the award-winning Moneybox Personal Pension
What is a Moneybox Personal Pension?
Whether you’re just starting to think about the future or want to bring your old workplace pensions together, Moneybox makes it straightforward. Our award-winning personal pension offers:
Fees capped at £150 a year – no matter the size of your pension
Customisable allocations
A simple range of options to access your savings
An easy way to find and combine your old workplace pensions in minutes
A 25% bonus from the government when you add to your pension savings.
Why choose Moneybox for your retirement?
Expertly curated funds
Get your savings working harder with Moneybox funds – capped at £150 a year. Plus, customise allocations.
Easy management
Open and manage your Moneybox Personal Pension on desktop or in app.
Straightforward fees with nothing hidden
Our pension Service fee is just 0.15% a year, capped at £150 - however large your pension pot grows. No trading fees, no transfer fees, no surprises. Straightforward pricing, so more of your money goes where it belongs - towards your retirement. Other providers' funds available.
Moneybox's Personal Pension service 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 and save up to £725 on service fees every year.
Pension value | Moneybox Annual service fees |
|---|---|
£10,000 | £15 |
£25,000 | £62 |
£50,000 | £75 |
£100,000 | £150 |
£250,000 | £150 |
£500,000 | £150 |
£1,000,000 | £150 |
Moneybox fees shown are for the Moneybox funds (Pension default option). Correct as of 26/05/2026. 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.
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 can choose how your money is invested from our range of our expertly curated funds, or pick from a choice of global or socially responsible tracker 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 Personal Pension if you're a UK resident aged 18 or over with a National Insurance number. 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 pre-built fund range.
The Moneybox Personal Pension is a pension you open yourself. You choose how your money is invested from our range of funds, designed to match different attitudes to risk.
What do I need to know about opening a personal pension
Three things to know before opening a personal pension
1. Your money is invested, so its value can go up and down and you may get back less than you put in.
2. You can't access the money until the minimum pension age (currently 55, increasing to age 57 from 2028).
3. 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 pensions can I have?
There's no limit on the number of private pensions you can hold, and you can pay into more than one in the same tax year. But your total contributions across all schemes are subject to limits.
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 a personal pension can be a useful option if you want more control over how your pension is invested, want to consolidate older pensions in one place, or are self-employed without access to a workplace scheme.
A few 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 until you plan to access your pension. We can't accept transfers from a pension associated with your current employer.
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 funds designed to match different attitudes to risk, as well as a choice of global or socially responsible tracker funds.
The curated 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 of each fund, is available in the app when you open your pension.
What fees will I pay?
There are no fees for opening the pension, paying in, or transferring an old pension to Moneybox.
You'll pay an annual service fee on the value of your pension, calculated daily and charged at the end of each month. The rate depends on which funds you're invested in.
Moneybox funds: 0.15% per year, capped at £150 a year.
Other funds: 0.45% per year on the first £100,000, then 0.15% per year on any amount above that. No cap applies.
You'll also pay a fund provider fee, which varies by fund. You can see the fees for each fund in the app.
See the chart above for how our annual service 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.