Our platform

Free for most employers, easy to use and helps you to comply with UK auto enrolment law

How our platform supports you

Direct integration with popular payroll providers

The latest technology for your employees

An easy to use employer account and dashboard

Customer support over the phone, by email and live chat

Why you can trust us

The Smart Pension Master Trust is authorised and supervised by The Pensions Regulator.

What it costs

We have changed the way we charge members of the Smart Pension Master Trust. Our new charging structure for employers who have signed up with us directly is an annual management charge of 0.30% and a monthly fee of £1.25.
Find out more.

Employers and advisers – free of charge in most cases

We do apply some employer charges depending on how the account is managed. These charges are reviewed annually and any updates will be published on this website.

Reconciliation service fee: £25 per hour

Most companies do this themselves and don't need this service. The service involves reviewing the account on your behalf to reconcile contribution data to your payroll records, and if applicable, identify any inconsistencies that need correcting.

BACS fee: from £10 per submission

If you pay your contributions using Direct Debit, there's no charge. If you want to pay by BACS, there's a small charge for each submission depending on the size of your scheme. Under 10 members £10, 11-50 members £25, 51-100 members £45, over 101 members £65.

Persistent late payment: from £10 each time

If you submit your employees' pension contributions late, there may be a small charge for each subsequent submission. Under 10 members £10, 11-50 members £25, 51-100 members £40, over 101 members £60.

Members

We have changed the way we charge members of the Smart Pension Master Trust. Our new charging structure for employers who have signed up with us directly is an annual management charge of 0.30% and a monthly fee of £1.25. Find out more.

Our factsheets are updated on a quarterly basis, therefore, the current factsheets do not currently reflect the revised annual management charges. We expect our new factsheets to be available in February 2021. Current standard charges are shown here:

Smart Lower Risk Fund

0.30%
AMC

This fund has been created so that it will typically suit most of our members who are approaching their target retirement age and would like an even lower level of volatility than the smart growth funds and the de-risking fund.

Smart Growth Fund - Lower Risk

0.30%
AMC

This fund carries the lowest risk of loss but also reduced likelihood of a high return, but it may be suitable if you are concerned about volatility.

Smart De-risking Fund

0.30%
AMC

This fund has been created so that it will typically suit most of our members who are approaching their target retirement age and would like a lower level of volatility than the smart growth funds.

Smart Growth Fund - Moderate Risk

0.30%
AMC

This fund has been created so that it will typically suit most our members, it has the medium level of risk of these funds.

Smart Growth Fund - Higher Risk

0.30%
AMC

This fund carries a higher risk of fluctuation to your savings but has the potential for high growth, though this is not guaranteed

Smart UK FTSE 100 Equity Index Fund

0.30%
AMC

Aims to track the return of the FTSE 100 Index, which contains the largest listed companies on the UK stock market.

Smart World (ex UK) Developed Equity Index Fund

0.30%
AMC

Aims to track the performance of the FTSE Developed (ex UK) Index, which provides broad exposure to large and mid-cap companies in the developed world, excluding the UK.

Smart North America Equity Index Fund

0.30%
AMC

Aims to track the return of the FTSE World North America Index, which provides broad exposure to companies in the North American equity market.

Smart World Emerging Markets Equity Index Fund

0.67%
AMC

Aims to track the return of the FTSE All-World Emerging Index, which provides access to key emerging economies including Brazil, Russia, India and China.

Smart All Stocks Index - Linked Gilts Index Fund

0.30%
AMC

Aims to track the return of the FTSE Actuaries British Government Index Linked All Stocks Index, which features UK government bonds with returns linked to the Retail Price Index (RPI).

Smart Overseas Bond Index Fund - GBP Hedged

0.40%
AMC

Aims to invest in different types of bonds, including corporate and government bonds both in the UK and overseas.

Smart Cash Fund

0.30%
AMC

Aims to maintain capital and provide a return in-line with money market rates by investing in a range of money market securities denominated in sterling.

Smart Income Fund

0.30%
AMC

Aims to provide long-term investment growth up to and during retirement, to facilitate the drawdown of retirement income.

Smart Annuity Fund

0.30%
AMC

Aims to invest in a way which matches the broad characteristics of investments underlying the pricing of a typical non-inflation linked annuity.

Smart Sharia Fund

0.56%
AMC

Aims to create long term appreciation of capital through investment in a diversified portfolio of securities which meets Islamic investment principles.

Smart Ethical Global Equity Index Fund

0.42%
AMC

Aims to track a filtered index, which excludes companies that operate in industries that breach certain ethical criteria.

Smart Future Fund

0.30%
AMC

This fund aims to replicate the asset allocation, performance and risk profile of our Smart Growth Moderate fund, whilst incorporating additionalscreening criteria that revalues the weighting of each investment depending on their Environmental, Social, and Governance (ESG) score. It aims to limit the additional risks associated with ESG factors.

In some cases, we have a different arrangement with employers. But to find out which charges are relevant to them, members can always sign in to their Smart Pension account or contact customer services and ask for details.


Helping your employees to have confidence and control over their retirement.

Smart Retire is an innovative savings product that gives its members control over their retirement savings. Find out how it can help your employees approaching retirement.