![](https://images.ctfassets.net/ro61k101ee59/6CQzT4ACCzABJ7w58Y7YNM/1bd03383fd23045027b7b926560b091a/image__47_.png?w=2400&q=75)
A new home for your old pensions
We can find and combine most workplace and personal pensions with just a few details, giving you a clearer view of your future money.
Available to all customers soon.
The value of your pension could go up or down and you could get back less than you put in. You need a free Monzo current account to open a Monzo Pension. 18-70 years old only. UK residents only. Ts&Cs apply.
Combine pensions the simple way
![](https://images.ctfassets.net/ro61k101ee59/34MnykzocvUEywo7P7byIS/47b4a98683fec04368d0a25caf843f8f/Where-you-worked-and-when_white_w560_03.gif?w=560&q=75)
Tell us where you worked and when
That's all we need to get started. But it's quicker if you know more.
![](https://images.ctfassets.net/ro61k101ee59/47kt5FyfNYhDcKdKYgRW0A/3b2155d8f4c9c32170904e6663358a5f/We-do-the-magic-of-finding_white_w560_03.gif?w=560&q=75)
Leave the detective work to us
We'll do some digging to find your pensions.
![](https://images.ctfassets.net/ro61k101ee59/7odOSts9HLcMwWWziF3YPl/e3bf1b4794272ad984be4e732c1918f0/We-ve-found-them-and-are-combining-them_white_w560_04.gif?w=560&q=75)
Get a clear picture of your future
Once we find and combine your pensions, you'll see them as one.
![](https://images.ctfassets.net/ro61k101ee59/7F1fcTHEwd375hX4nJmqEW/6f4445630e3ea3f031b47af95aa0e927/Education_carousel_white_w560_3.gif?w=800&q=75)
Make pensions less puzzling
Our bite-sized lessons break down pensions for you. Each one is only around 90 seconds, but packed full of key info to help you understand more about your future money. Find them in the app.
![](https://images.ctfassets.net/ro61k101ee59/1uM92kCk0Zb5HrtL1wWW6A/cd2cfc6ce93537724f6386b869e435f5/image__43_.png?w=800&q=75)
Your guide to self-invested personal pensions (SIPPs)
A Monzo Pension is a self-invested personal pension (or a SIPP). This guide breaks down the things you need to know about a SIPP, and more importantly the SIPP you can open with us - what it is, who it's for, rules around SIPPs, plus so much more.
![](https://images.ctfassets.net/ro61k101ee59/26a5MYV2xbSfAxKf62IFqi/92875b0c4f21b691a5a72d231e27d969/document.png?w=800&q=75)
Important documents
Sometimes the best things in life are found in PDF links. Check out all of the important documents about the Monzo Pension.
- Investment terms & conditions for Monzo Pension - terms between customers and Monzo for the investment services for Monzo Pension
- FNZ Securities Limited SIPP Operator Terms - terms between customers and FNZ Securities for pension scheme operation
- Key features document - key features of the Monzo Pension
- Monzo Pension Fees
- BlackRock LifePath Target Date Fund factsheets: 2030/ 2035/ 2040/ 2045/ 2050/ 2055/ 2060/ 2065
Questions? Get the answers
What is a self-invested personal pension?
A Monzo Pension is a type of pension called a self-invested personal pension. It gives you the ability to save for your retirement. But unlike a workplace pension, you have the ability to control how much goes in and when.
A SIPP can be a tax-efficient way to boost your retirement savings. You can have a SIPP alongside other investments, such as ISAs and workplace pensions. The taxes you pay depend on your circumstances and rules could change in the future.
A SIPP is not designed to replace your workplace pension, if you’re employed, it’s meant to complement and work alongside it.
If you’re self-employed, a SIPP is one way of saving for your retirement.
You won’t be able to add money to your Monzo Pension just yet. We’re working on this so you’ll be able to do it soon.
Should I combine my pensions?
You usually get a new pension with each new job you have. So it’s easy for pensions to rack up. And over time, this can be difficult to keep track of.
By combining your pensions into one place, you’ll be able to see exactly how much you’ve built up – and work out if you’re on track for the future.
You’ll also cut down on future admin as you’ll only need details for one pension when you retire.
And you’ll know exactly what you’re paying for your pensions too. Each provider has their own fees, so it’s tricky to work out what you’re paying when you have several pensions. With a Monzo Pension, you’ll pay transparent fees – 0.63% of your pension value (a 0.18% fund fee and a 0.45% platform fee). Got Plus, Premium, Perks or Max? You’ll pay a lower 0.35% platform fee. Your fees accrue daily, and are charged monthly.
Can I combine any type of pension?
You can combine old workplace and personal pensions.
You won’t be able to transfer your current workplace pension that you’re paying in to. If you’ve already started taking money from a pension, you won’t be able to transfer that. And if your old pension has safeguarded benefits, we won’t transfer that either.
Does this affect my current workplace pension?
No, not at all. You should continue paying into your current workplace pension as normal.
When you pay into your workplace pension, so does your employer. So you get more for your money by contributing to that, rather than a personal pension.
What information do I need to combine my pensions?
The more information you’re able to tell us, the sooner we’ll be able to combine your pensions.
It’s best if you know your pension provider name, reference number and rough pension value.
But don’t worry if you don’t have all this information. We can still look for your pension – even if all you know is where you worked and when.
What fees will I pay for a Monzo Pension?
You’ll pay 0.63% of your investments value in fees (that’s a 0.45% platform fee and 0.18% fund fee). £10,000 in your pension? You’d pay £62.91 a year (with no growth or withdrawals).
Plus, Premium, Perks or Max subscriber? Then you’ll pay a lower platform fee of 0.35%.
Your fees accrue daily, and are charged monthly.
How do the funds consider environmental, social and governance (ESG) factors?
These funds mostly invest in other funds. Of the money they invest in other funds, at least 80% is invested in those which consider their investments' ESG ratings and status. Not all of the funds' investments will consider ESG factors.
For more information on how the fund carries out its ESG policy, see the fund prospectus.
I'm still not sure. Where can I get more support?
You should be sure combining your pensions is right for you.
Before you make the move, make sure you know your old pension's fees. If you transfer your pension to one with higher fees, it'll impact the value of your pension over a long-term period.
Still need a little support? The government's Money and Pensions Service can help if you have any questions around pensions or money guidance, and debt advice too. And if you're still unsure, speak to a financial adviser, or if you're over 50, you can get free and impartial guidance through Pension Wise.
iShares® and BlackRock® are trademarks of BlackRock, used under licence. BlackRock has no obligation or liability in connection with any product or service offered by Monzo.