What are the fees for a Monzo Pension?

You’ll pay fees to both us and the fund manager that makes the funds your pension invests in. The funds we offer are all managed by BlackRock.

In total you’ll pay 0.63% of your investments value in fees annually.

Monzo fees

We charge a fee of 0.45% annually (or 0.35% if you’re a Max or Perks customer). Fees build up daily, and we’ll collect them on the same day each month straight from your pension. We’ll collect the first set of fees a month from when you opened your pension.

BlackRock fees

BlackRock charges a fee of 0.18% annually for managing the fund your pension invests in. BlackRock’s fees are taken from your pension fund directly, so you won't see them come out, but it’ll reduce the value of the fund you’re invested in instead.

You can read more about your pension fees in the fees document.