Your Smart Pension and the State Pension

Your Smart Pension account is unlikely to have an impact on any State Pension you’re entitled to

National Insurance contributions count towards the State Pension

Auto enrolment encourages you to save money for the future. But while you and your employer are making contributions into a Smart Pension, your National Insurance contributions and credits will be counting towards your State Pension.

As long as you’ve paid in enough National Insurance contributions (or received enough credits), you’ll be eligible to claim your State Pension when you reach the State Pension age. Or, if you want to, you may decide to ‘defer’ your State Pension, and put off claiming it for a year or more.

Learn more about the State Pension on GOV.UK

National Insurance contributions count towards the State Pension

Auto enrolment encourages you to save money for the future. But while you and your employer are making contributions into a Smart Pension, your National Insurance contributions and credits will be counting towards your State Pension.

As long as you’ve paid in enough National Insurance contributions (or received enough credits), you’ll be eligible to claim your State Pension when you reach the State Pension age. Or, if you want to, you may decide to ‘defer’ your State Pension, and put off claiming it for a year or more.

Learn more about the State Pension on GOV.UK

When would you get the State Pension?

State Pension ages are set by the government. The State Pension age is 65, increasing to 66 in October 2020 for both men and women. It’s then scheduled to rise to 67 between 2026 and 2028.

This means you may have a State Pension age that’s not the same as your Smart Pension retirement age. It gives you a chance to review your Smart Pension retirement age and decide if you’d like to stagger the point in time at which you start receiving money from those savings.

When would you get the State Pension?

State Pension ages are set by the government. The State Pension age is 65, increasing to 66 in October 2020 for both men and women. It’s then scheduled to rise to 67 between 2026 and 2028.

This means you may have a State Pension age that’s not the same as your Smart Pension retirement age. It gives you a chance to review your Smart Pension retirement age and decide if you’d like to stagger the point in time at which you start receiving money from those savings.

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.

National Insurance contributions count towards the State Pension

Auto enrolment encourages you to save money for the future. But while you and your employer are making contributions into a Smart Pension, your National Insurance contributions and credits will be counting towards your State Pension.

As long as you’ve paid in enough National Insurance contributions (or received enough credits), you’ll be eligible to claim your State Pension when you reach the State Pension age. Or, if you want to, you may decide to ‘defer’ your State Pension, and put off claiming it for a year or more.

Learn more about the State Pension on GOV.UK

National Insurance contributions count towards the State Pension

Auto enrolment encourages you to save money for the future. But while you and your employer are making contributions into a Smart Pension, your National Insurance contributions and credits will be counting towards your State Pension.

As long as you’ve paid in enough National Insurance contributions (or received enough credits), you’ll be eligible to claim your State Pension when you reach the State Pension age. Or, if you want to, you may decide to ‘defer’ your State Pension, and put off claiming it for a year or more.

Learn more about the State Pension on GOV.UK

National Insurance contributions count towards the State Pension

When would you get the State Pension?

State Pension ages are set by the government. The State Pension age is 65, increasing to 66 in October 2020 for both men and women. It’s then scheduled to rise to 67 between 2026 and 2028.

This means you may have a State Pension age that’s not the same as your Smart Pension retirement age. It gives you a chance to review your Smart Pension retirement age and decide if you’d like to stagger the point in time at which you start receiving money from those savings.

When would you get the State Pension?

State Pension ages are set by the government. The State Pension age is 65, increasing to 66 in October 2020 for both men and women. It’s then scheduled to rise to 67 between 2026 and 2028.

This means you may have a State Pension age that’s not the same as your Smart Pension retirement age. It gives you a chance to review your Smart Pension retirement age and decide if you’d like to stagger the point in time at which you start receiving money from those savings.

When would you get the State Pension?

Smart Pension's fund choices

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Smart All Stocks Index - Linked Gilts Index Fund

0.75%
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 Annuity Fund

0.75%
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 Cash Fund

0.75%
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 De-risking Fund

0.75%
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 Ethical Global Equity Index Fund

0.87%
AMC

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

Smart Future Fund

0.75%
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.

Smart Growth Fund - Higher Risk

0.75%
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 Growth Fund - Lower Risk

0.75%
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 Growth Fund - Moderate Risk

0.75%
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 Income Fund

0.75%
AMC

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

Smart Lower Risk Fund

0.75%
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 North America Equity Index Fund

0.75%
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 Overseas Bond Index Fund - GBP Hedged

0.85%
AMC

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

Smart Sharia Fund

1.01%
AMC

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

0.75%
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

0.75%
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 World Emerging Markets Equity Index Fund

1.12%
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 Pension's fund choices

Smart All Stocks Index - Linked Gilts Index Fund

0.75%
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 Annuity Fund

0.75%
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 Cash Fund

0.75%
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 De-risking Fund

0.75%
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 Ethical Global Equity Index Fund

0.87%
AMC

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

Smart Future Fund

0.75%
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.

Smart Growth Fund - Higher Risk

0.75%
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 Growth Fund - Lower Risk

0.75%
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 Growth Fund - Moderate Risk

0.75%
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 Income Fund

0.75%
AMC

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

Smart Lower Risk Fund

0.75%
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 North America Equity Index Fund

0.75%
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 Overseas Bond Index Fund - GBP Hedged

0.85%
AMC

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

Smart Sharia Fund

1.01%
AMC

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

0.75%
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

0.75%
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 World Emerging Markets Equity Index Fund

1.12%
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.