How Smart Pension works
Smart Pension is a workplace pension, set up for you by your employer
What is Smart Pension?
The Smart Pension Master Trust is a workplace pension scheme that helps you to save for retirement. It's easy to see how much you've saved and we'll take good care of those pension savings. After all, when you retire you will need an income.
Having a Smart Pension account helps you to save money from your salary. You put money in regularly and your current employer does too.
What is Smart Pension?
The Smart Pension Master Trust is a workplace pension scheme that helps you to save for retirement. It's easy to see how much you've saved and we'll take good care of those pension savings. After all, when you retire you will need an income.
Having a Smart Pension account helps you to save money from your salary. You put money in regularly and your current employer does too.
How Smart Pension works
Through your Smart Pension account, we make it easy for you and your employer to save money for your future. We do this through the Smart Pension Master Trust.
We make it easier to manage a workplace pension
Nobody wants to spend lots of time, every day, trying to stay on top of what's gone into a pension. So, when you do sign in to your Smart Pension account, you will see:
- how much money you've saved so far
- what your employer has added to your pension
- which choices you can make about investing your savings
- and what your planned retirement date is
Technology is evolving faster than ever these days. Our technical experts believe that's a good thing. The software that looks after any pension is complex. It has to be. But we built Smart Pension in a way that lets us bring you the best of 'what's new' in that technology, all tried and tested.
For example, when smart speakers became popular, we made sure you can use Amazon’s Alexa and Google Home to ask simple questions about your Smart Pension account - and we'll carry on making sure that Smart Pension is a pension that works for you.
We will keep your savings safe for your retirement
Smart Pension is an award-winning business. Our team of experienced financial experts look after all the 'behind the scenes' technology. To be sure we're doing that well, the Smart Pension Master Trust is run by a board of independent trustees and our pension experts work with well known fund managers, like J.P. Morgan, Legal and General Investments and HSBC. The Smart Pension Master Trust is authorised and supervised by The Pensions Regulator.
How Smart Pension works
Through your Smart Pension account, we make it easy for you and your employer to save money for your future. We do this through the Smart Pension Master Trust.
We make it easier to manage a workplace pension
Nobody wants to spend lots of time, every day, trying to stay on top of what's gone into a pension. So, when you do sign in to your Smart Pension account, you will see:
- how much money you've saved so far
- what your employer has added to your pension
- which choices you can make about investing your savings
- and what your planned retirement date is
Technology is evolving faster than ever these days. Our technical experts believe that's a good thing. The software that looks after any pension is complex. It has to be. But we built Smart Pension in a way that lets us bring you the best of 'what's new' in that technology, all tried and tested.
For example, when smart speakers became popular, we made sure you can use Amazon’s Alexa and Google Home to ask simple questions about your Smart Pension account - and we'll carry on making sure that Smart Pension is a pension that works for you.
We will keep your savings safe for your retirement
Smart Pension is an award-winning business. Our team of experienced financial experts look after all the 'behind the scenes' technology. To be sure we're doing that well, the Smart Pension Master Trust is run by a board of independent trustees and our pension experts work with well known fund managers, like J.P. Morgan, Legal and General Investments and HSBC. The Smart Pension Master Trust is authorised and supervised by The Pensions Regulator.
How do I manage my Smart Pension?
Sign in to check on your savings or manage your Smart Pension's account settings:
- see how much you’ve saved so far
- check how much your employer has paid into your account
- choose where to invest your money
The value of your savings may go down as well as up.
Make choices about how to save for retirement
You can boost what you're saving for retirement by adding a little more money to your Smart Pension account each month. You can also make one-off payments from your salary, and the government will be helping too. Depending on your tax situation, you'll also be getting tax relief on your savings.
If you have other pensions, you can combine them into your Smart Pension account if you want to. You can learn more about this on our Move your pension savings page.
How do I manage my Smart Pension?
Sign in to check on your savings or manage your Smart Pension's account settings:
- see how much you’ve saved so far
- check how much your employer has paid into your account
- choose where to invest your money
The value of your savings may go down as well as up.
Make choices about how to save for retirement
You can boost what you're saving for retirement by adding a little more money to your Smart Pension account each month. You can also make one-off payments from your salary, and the government will be helping too. Depending on your tax situation, you'll also be getting tax relief on your savings.
If you have other pensions, you can combine them into your Smart Pension account if you want to. You can learn more about this on our Move your pension savings page.
Where can I get help with my Smart Pension?
Your employer or a financial adviser can help you
Smart Pension does not offer financial advice. That's because there are many things our team wouldn't know about your personal situation.
If you want some financial advice, then you can find an independent financial adviser (IFA) on unbiased.co.uk or The Money Helper Service. If you need some facts about your wages, salary, or individual tax situation, then you could ask your employer.
Our customer services team is also here to help you
Many people find answers to their questions in our Help centre. But the Smart Pension customer services team is also here to lend a hand.
If there's something specific you'd like to know, please get in touch.
- try our live chat online
- submit an online enquiry form
- or simply pick up the phone and dial 0333 666 2626
Where can I get help with my Smart Pension?
Your employer or a financial adviser can help you
Smart Pension does not offer financial advice. That's because there are many things our team wouldn't know about your personal situation.
If you want some financial advice, then you can find an independent financial adviser (IFA) on unbiased.co.uk or The Money Helper Service. If you need some facts about your wages, salary, or individual tax situation, then you could ask your employer.
Our customer services team is also here to help you
Many people find answers to their questions in our Help centre. But the Smart Pension customer services team is also here to lend a hand.
If there's something specific you'd like to know, please get in touch.
- try our live chat online
- submit an online enquiry form
- or simply pick up the phone and dial 0333 666 2626
Instant changes to your
pension savings
You won’t need to check in on your pension savings every day. They're designed to be a long-term investment. But if you do need or want to get an update, then the secure Smart Pension makes it easy to get that information straight away. There’s no need to make a phone call or to wait for a letter.
Our app will give you real time information about your pension savings. It puts your future into the palm of your hand.
Instant changes to your
pension savings
You won’t need to check in on your pension savings every day. They're designed to be a long-term investment. But if you do need or want to get an update, then the secure Smart Pension makes it easy to get that information straight away. There’s no need to make a phone call or to wait for a letter.
Our app will give you real time information about your pension savings. It puts your future into the palm of your hand.
Instant changes to your
pension savings
You won’t need to check in on your pension savings every day. They're designed to be a long-term investment. But if you do need or want to get an update, then the secure Smart Pension makes it easy to get that information straight away. There’s no need to make a phone call or to wait for a letter.
Our app will give you real time information about your pension savings. It puts your future into the palm of your hand.
Instant changes to your
pension savings
You won’t need to check in on your pension savings every day. They're designed to be a long-term investment. But if you do need or want to get an update, then the secure Smart Pension makes it easy to get that information straight away. There’s no need to make a phone call or to wait for a letter.
Our app will give you real time information about your pension savings. It puts your future into the palm of your hand.
Smart Pension's fund choices
Smart All Stocks Index - Linked Gilts Index Fund
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 Annuity Fund
Aims to invest in a way which matches the broad characteristics of investments underlying the pricing of a typical non-inflation linked annuity.
Smart Cash Fund
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 De-risking Fund
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 Ethical Global Equity Index Fund
Aims to track a filtered index, which excludes companies that operate in industries that breach certain ethical criteria.
Smart Future Fund
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.
Smart Growth Fund - Higher Risk
This fund carries a higher risk of fluctuation to your savings but has the potential for high growth, though this is not guaranteed
Smart Growth Fund - Lower Risk
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 Growth Fund - Moderate Risk
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 Income Fund
Aims to provide long-term investment growth up to and during retirement, to facilitate the drawdown of retirement income.
Smart Lower Risk Fund
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 North America Equity Index Fund
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 Overseas Bond Index Fund - GBP Hedged
Aims to invest in different types of bonds, including corporate and government bonds both in the UK and overseas.
Smart Sharia Fund
Aims to create long term appreciation of capital through investment in a diversified portfolio of securities which meets Islamic investment principles.
Smart UK FTSE 100 Equity Index Fund
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
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 World Emerging Markets Equity Index Fund
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.