How it works
We start by transferring your old pensions and investing them into a brand new online plan.
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Sign up in minutes, for free
Simply download the PensionBee app or sign up online with some basic details, including your National Insurance number. Joining us is free and we'll only start charging you an annual fee once we begin managing your pension.
You can pick from our range of pension plans or we'll invest you in Tailored, our most popular option, which automatically moves your money into safer assets as you grow older. You can change your plan at any time.
Tell us about your pensions
Just give us some basic pension information - like a provider name or policy number - then confirm that you’d like to transfer.
Not sure how to find your old pension details? Read our how to guide. You can even tell us about your current employer pension, but we won't usually transfer it to PensionBee until you move jobs or your employer stops contributing.

Leave the rest to us
That’s all we need to start contacting your old providers! On average, switching to PensionBee typically takes around 12 weeks. Your personal BeeKeeper will provide regular updates every step of the way.
If we discover that an old pension provider charges an exit fee of more than £10, or that your pension comes with special benefits or guarantees, we'll ask your permission before we complete the transfer.


Start combining your pensions in minutes
Get startedNext, we'll give you access to your BeeHive where you can...

Manage your pension online
As soon as your pensions are transferred and invested into your new plan you’ll be able to view your live balance, as well as check the performance of your pension under the ‘Analytics’ tab. You’ll also have access to your retirement planner, which forecasts how much you’re on track to have saved by the time you retire.
Inside your BeeHive you can add more pensions, select your beneficiaries and switch plans. It’s also the place where you can find the contact details for your personal BeeKeeper and update your details whenever they change.

Make flexible contributions
You can pay money into your new PensionBee plan even before your pensions are transferred. There’s no minimum contributions so you can save as often or as little as you like, by Direct Debit or standing order. We'll also automatically claim your 25% tax top up from HMRC and add it to your balance, so long as you're eligible for pension tax relief.
If you’re the director of a limited company you can make employer contributions into your pension, as well as personal contributions via your BeeHive. You can also ask your employer to pay contributions directly into your PensionBee pension, if you’re part of a workplace pension scheme.


Withdraw with ease
As soon as you reach the age of 55 (57 from 2028) you can take your pension from any of our plans online, through PensionBee drawdown. There are no forms to sign as everything is done digitally, and paying out your cash typically takes 7-10 working days.
Alternatively, if you’d prefer to receive a regular income throughout your retirement, you can buy a pension annuity through our partner, Legal & General.

Pay just one simple annual fee
With PensionBee you'll pay one simple annual fee between 0.50% and 0.95%, depending on the plan you choose. If your pension pot size is larger than £100,000 we'll also halve the fee on the portion of your savings over this amount.
We'll automatically deduct a portion of your annual fee from your pension on a daily basis, and we’ll display your fee in pounds and pence in your annual statement. If you ever choose to leave PensionBee we won’t charge you an exit fee, and we also provide a 30-day cancellation policy.
Your pension is protected, every step of the way.
Experienced money managers
Our pension funds are managed by some of the largest and most experienced money managers in the world, including State Street Global Advisors, BlackRock, Legal & General and HSBC.
Bank-grade encryption
We protect your data with the strongest, most up-to-date technology and processes. All of your information is encrypted using 128-bit Transport Layer Security (TLS) and our security is tested annually by independent experts.
Permission-only data sharing
We'll never share your personal information with anyone without your permission. Our systems and processes are set up to adhere to the UK General Data Protection Regulation (UK GDPR) requirements.
Secure identity checks
We meticulously vet the identity of all employees and customers to reduce the risk of identity fraud, or any other unauthorised access to your information or account.
Independently vetted
Our information security practices are certified to the internationally recognised ISO 27001 standard as well as the UK Government's Cyber Essentials Plus Scheme.
ICO registered
PensionBee has been registered as a data controller with the Information Commissioner's Office since 2015. Our registration number is ZA131262 and you can view the entry on the ICO's website.