Learn more about Personal Pensions
A Personal Pension is a long-term investment that you build-up during working life so that your retirement is not spent worrying about money. But with tax-rules, Government contributions and Pension restrictions on the age you need to be to cash in, it can often seem like a dark art.
We believe a Personal Pension should be no different to any other investment; it should help you reach your financial goals as quickly as possible and you should have complete visibility and control at all times. That's why our Fully-Managed Investment Portfolio in a Pension gives you exactly that.
It offers the ability to transfer any existing Personal Pensions from any other providers — for free — so it all sits in one place. It also gives you the same benefits of our other products such as access to a global team of experts managing your money, instant investment top-ups, and 24-7 access to its performance with our app.
How our Fully-Managed Investment Portfolios in a Personal Pension do more
Watch our short video to find out how hard your money will work in our Fully-Managed Investment Portfolios.
14,000 experts in over 200 locations
With access to more than 14,000 experts in over 200 locations around the world, our expert in-house team makes the investment decisions for our Fully-Managed Investment Portfolios.
Maximise your returns & reduce risk
Our access to a global team of experts with thousands of holdings allows us to blend multi-asset investment strategies and create unique opportunities for growth.
A Fully-Managed Service for you
We'll assess your personal circumstances and attitude to risk to offer you a suitable Fully-Managed Investment Portfolio Service for your Personal Pension.
See how easy it is to set up a Personal Pension with us
Tell us how much you’d like to invest
First, we’ll ask you how much you’d like to invest today, if you’d like to add a monthly investment and how long you plan to invest for. You can change your mind about your monthly amount later and with a Personal Pension you can withdraw once you reach 55 years old.
Answer a few questions about your spending habits
We’ll ask you how much you earn and spend each month. This is to make sure you can afford to invest, including any monthly amount you’ve chosen.
Estimate how much is in your emergency fund
We recommend you have around three month’s expenses saved up for emergencies as this can help you avoid taking on short-term liabilities for the unexpected. If you don’t, our Stocks & Shares ISA and General Investment Accounts could be the place to start, as you can access your money in 7-10 days.
Estimate your assets and liabilities
We’ll ask you how much you have in assets, such as a home, savings or other investments. We’ll then balance this against any liabilities you have, for example a mortgage, loan or credit card. If you have more debts than assets it might benefit you to pay these off before investing, especially if the debt is expensive.
Tell us if you’ve invested before
It’s important you understand how investing with us works, including how we manage your money and the potential risks involved. Depending on your experience, we’ll show you some simple explanations to help you learn more about our service.
Take our simple risk assessment
We’ll ask you 11 multiple choice questions about how long you plan to invest for, how you might later withdraw from your account and your attitude to risk and reward. There are no right answers here and we have a range of Portfolios to suit many different types of investor.
View the Portfolio that’s most suitable for you
Based on your score in our risk assessment, we’ll show you a Portfolio that matches your result. You’ll see where in the world we’d spread your money, the fund managers and asset classes we use, and the total cost to you.
Benefits of our Personal Pension
Join the thousands of people who have already chosen to invest their money with True Potential Investor and our Personal Pension account.
Global investment team
We have access to 14,000 experts in over 200 locations around the world.
Fully-Managed Investment Portfolios
Our expert in-house team manage your investment, so you can leave all the hard work to us.
No transfer fees
Easy to access
Our app has everything you need all in one place so you can track your investments 24/7 from a range of devices.
Unique to True Potential Investor, impulseSave® is a world-first investment feature that allows you to top up your accounts on the go from as little as £1.
Easy to set up
It only takes ten minutes to set up an account with us. Tell us a few details about you and your investment goals and we’ll do the rest.
Common questions about Personal Pensions
What is a Personal Pension?
A Personal Pension is a long-term, tax-efficient savings method that helps you set money aside for later life and retirement.
The money you invest can be used as an income when you retire.
When you pay into a pension, your contribution is boosted by tax-relief. For a Basic Rate tax payer, this is an additional 20%, Higher Rate tax payers get 40% relief and Additional Rate taxpayers 45%. Basic tax relief is claimed on your behalf, but the Higher and Additional Rates must be claimed on an annual tax return.
How much can I invest in a Personal Pension?
Whilst there is no limit on what you can invest in your Personal Pension, there is a limit on how much tax relief you can claim each year on your contributions. Tax Relief can be claimed on up to 100% of your earnings or £40,000, whichever is the lower.
For more information about pension transfers, visit our transfer to us page.
In fact, with auto enrolment many people now have more than one pension. If you’d prefer to have your retirement savings in one place, you may be able to consolidate your pensions by transferring them into one account. For more information about pension transfers , visit our transfer to us page.
Can I withdraw from my pension?
With a pension, you can usually withdraw your funds once you reach 55 years old.
You will typically be able to access 25% of the value of your pension pot tax free. The rest is subject to income tax rules at the time of withdrawal.
Need to find out more about fees? Read our FAQs
Some important information
With investing, your capital is at risk. The value of your investments will rise and fall at times and you could get back less than you invest.