BeeHive with pending pension transfers

How does PensionBee work?

At PensionBee we provide full transparency and control over your savings by helping you combine your old pension pots into one new online plan, where you can check your balance, contribute and withdraw in a few clicks. It’s free to get started, just tell us who your old providers are and we’ll arrange to transfer your money. If we discover that your old pension provider charges an exit fee of more than £10, or that your pension comes with special benefits, we’ll ask your permission before we complete the transfer.

My pensions were dotted around all over the place. I didn't know what they were worth or where they were. By bringing my pots all into one easy online plan, PensionBee has made sure that I never lose track again.

Customer Lynn

Lynn

41, PensionBee customer

BeeHive with pending pension transfers
BeeHive with pending pension transfers

What happens next?

Once we have reviewed your pension policy paperwork, we’ll organise the transfer and your own personal account manager – also called a BeeKeeper – will keep you updated every step of the way. Your money will be invested and managed by one of the world's biggest money managers – BlackRock, State Street, HSBC or Legal & General – depending on the plan you choose to invest your pension into.

The thought of having to contact pension providers to bring my pensions together into one pot has always seemed daunting, PensionBee have taken this task and made everything so simple and fuss-free.

— Michelle Thompson, Trustpilot

Your own pension dashboard with all your pensions in one place

Hi Priyal, thanks for sorting out my pension. I can see all my pensions have now transferred, fantastic!

1m ago

customer Lynn
Lynn
PensionBee customer
Priyal
Priyal
BeeKeeper

Hi Lynn, you're welcome! Let me know if there is anything else I can help you with :)

Just now

Do you have more questions?

When you join PensionBee you’ll get personal customer support from your very own BeeKeeper who’ll look after you and your pension. Should you have any questions during the sign up journey, or beyond, you can always call or message your BeeKeeper, who will be happy to assist you.

Absolutely brilliant. They have an excellent customer service team who are extremely knowledgeable, and are always there to assist you with any queries regarding the process of transferring multiple pensions into one pot.

— Viktoria, Trustpilot

What our customers say about us

Testimonials from PensionBee customers
What our customers say about us
David Angus, PensionBee customer

The BeeKeepers helped make signing up seamless. The whole process was so easy and painless that I didn't even really have to think about it!

— David (29), Marketing professional

Lynn James, PensionBee customer

My pensions were dotted around all over the place. I didn't know what they were worth, where they were. PensionBee have brought my pots all into one easy online plan. Simple.

— Lynn (39), Managing director

Juan Askew, PensionBee customer

PensionBee sorted a historical mess I had very quickly and easily. I didn't think I had the time to fix things, but PensionBee offered the perfect solution.

— Juan (48), PR consultant

PensionBee featured in…

Transfer your pension to us, totally free

With PensionBee there’s no set up fee. Plus we can help you find and combine your old pensions for free, where others will charge you up to 2.95% of your pot. You can transfer almost any type of pension to us, including:

A pension that puts the planet first

Our Future World Plan invests in companies generating revenue through low-carbon activities, with a special focus put on businesses that are environmentally friendly. It’s serious about building a better future - for you and the environment - as it aims to strike the perfect balance of performance and sustainability.

Learn more about the eco-friendly investment strategy

Watch our CEO chat to Meryam Omi, Head of Sustainability and Responsible Investment Strategy at Legal & General.

A smart alternative to a SIPP

PensionBee isn’t a SIPP, as our focus is on complete simplicity. Our three money managers invest your savings, so you carry less stress and responsibility.

Transferring your pension to PensionBee

  • Easy and clear from the outset
  • Funds from three of the world’s biggest money managers
  • One low management fee
  • 100% FSCS protected should a money manager fail

Transferring your pension to a traditional SIPP

  • Detailed investment knowledge required
  • Hundreds of funds to pick from
  • Platform fees, management fees and share dealing fees
  • Pensions usually only protected up to £50,000

See how our costs compare

Platform fee *

Average fund fee *

Av effect market spread *

Adviser fee *

Total fee

PensionBee Tracker

Platform fee *

0.35%

Average fund fee *

Included

Av effect market spread *

Included

Adviser fee *

-

Total fee

0.35%

PensionBee Tailored

Platform fee *

0.49%

Average fund fee *

Included

Av effect market spread *

Included

Adviser fee *

-

Total fee

0.49%

Fidelity

Platform fee *

0.35%

Average fund fee *

0.15%

Av effect market spread *

0%

Adviser fee *

-

Total fee

0.50%

Hargreaves Landsdown

Platform fee *

0.45%

Average fund fee *

0.15%

Av effect market spread *

0%

Adviser fee *

-

Total fee

0.60%

Adviser

Platform fee *

0.45%

Average fund fee *

0.15%

Av effect market spread *

0%

Adviser fee *

0.60%

Total fee

1.20%

* Fees charged on a £250,000 pension pot. For Fidelity and Hargreaves Lansdown we’ve taken the average fund price. Fund prices range from 0.06% to up to 2% depending on the fund you choose. We also do not charge you any on going extra fees on top of your plan.

Our plans are designed to grow your retirement money over time.

Below is the performance of our Tracker plan since 2002.

Source: State Street Global Advisors. Factsheet available here

Warning: Past performance is not indicative of future performance. The unit price displayed does not include PensionBee's fees of up to 0.5% per annum, which will reduce returns. Note that fees are 0.25% for amounts over £100,000. Unit prices are presented in £ sterling and the value of your pension may be impacted by currency fluctuations.

Start financing your retirement from 55

From the age of 55 you can start making pension withdrawals, and you can take up to 25% totally tax-free. Anything over this will incur a tax charge, but our handy calculator inside the BeeHive will tell you how much this could be.

Drawdown allowance

Drawdown
allowance

  • Tax-free allowance: 25%
  • Taxable income: 75%

Make withdrawals in a few simple steps

Our drawdown option gets activated as soon as you hit your 55th birthday. From then on it’s just a case of visiting your BeeHive and answering some simple questions. Paying out your money typically takes around two to three weeks.

Make withdrawals Make withdrawals

Access your savings in one place

PensionBee combines all your old pensions into one online plan. This makes withdrawals much simpler, as all your money is together. Plus you get personal customer support from your dedicated BeeKeeper.

Access your savings

Put more money in your pocket

Unlike other providers we won’t charge you excessive fees. There’s no drawdown costs unless you transfer to us and take your whole pot within 12 months.*

*If your pot has been with PensionBee for less than a year, then a full withdrawal of your pension will cost £400 (+ VAT).

A fair fee

Is PensionBee safe?

If our money managers fail your pension will be protected by the Financial Services Compensation Scheme up to 100%. In addition PensionBee is Financial Conduct Authority approved , and we only offer the best security.

Put your pension in the palm of your hand

We give one you simple pension and one clear balance that you can check any time. Plus we’re partnering up with the biggest names in fintech, to make saving even easier.

Download from the app store
Download from the app store
Download from the app store

Put your pension in the palm of your hand

We give one you simple pension and one clear balance that you can check any time. Plus we’re partnering up with the biggest names in fintech, to make saving even easier.

Download from the app store
Download from the app store
Download from the app store