What is a Monzo Pension and how does it work?
A Monzo Pension is what’s known as a self-invested personal pension or a SIPP. This means that you’re in control, rather than an employer.
With a Monzo Pension you’re able to:
find lost pension(s)
combine your pensions into one by transferring your old pension(s) into your Monzo pension
keep investing in your future (coming shortly) 🚀
We’ve teamed up with BlackRock, one of the world’s largest fund managers, to provide the funds you’ll invest in.
Your pension will invest in a ‘Target Date Fund’ (TDF) which focuses on growing your money when you’re young and protecting it as you near retirement. All you’ll need to do is let us know at what age you’re aiming to retire.
Monzo Pensions are only available for our customers between 18-70 and who already have an open Monzo personal account. You’ll also need to be a UK resident.
*The value of your pension could go up or down and you could get back less than you put in.
