At Smart Pension, we believe in two things. Building better futures for our members and doing the right thing.
That’s why we’ve never applied a monthly fee for our members with small pension pots who no longer make regular payments. We believed this was the right thing to do because over time a fixed monthly fee could reduce a smaller pension pot to nothing.
We’re pleased to say that from 1 April 2022 we’ll extend this to all of our members, whether they currently make regular payments into their account or not. If they have £100 or less in their Smart Pension account, we won’t deduct a monthly member fee.
We believe this change will make it easier for our members to understand how much they pay.
Please note that annual management charges will continue to apply.
You can find out more about this change by visiting our charges page.