Why consider Pension?
A Self-Invested Personal Pension (SIPP) lets you choose how you want to invest the money you save for your retirement. You also receive an extra boost from HMRC
For every £100 you add to your SIPP, the government automatically gives you an extra £25*.
Withdraw up to 25% of the money built up in your pension as a tax-free lump sum when you’re 55.
Use the &me app to control how your money is invested and keep track of your performance.
Having your pensions together is more convenient and a good way to reduce your overall charges.
&me consultants on your side
Your &me consultant is always on hand to help at no extra cost.
Powered by M&G Wealth
&me is powered by a range of M&G Wealth managed portfolios, meaning you benefit from a lifetime of expertise.
*It’s possible that you may get more or less than this amount depending on your tax status.
As with all investing, please remember that your money can go down as well as up.
As your money grows, your fee % shrinks
Start investing with a minimum of £500.
Below are our competitive annual fees for managing your money.
Up to £10,000
£10,000 to £20,000
£20,000 to £50,000
£50,000 to £100,000
£100,000 to £250,000
£250,000 to £500,000
The &me Classic portfolios are a lower-cost way to invest with &me. Our passive portfolios invest in equities and bonds across different regions such as US equities and UK corporate bonds and also hold some cash. Investment experts from M&G Wealth decide which investments to use and how much to invest in each asset class on your behalf, based on a range of factors including the potential to generate long-term returns for investors.
Below are the rest of the fees for our Classic portfolios. We invest your money in many different funds. These funds charge fees. We try to keep these fees as low as we can on your behalf. The cost of buying an asset is usually more than the price you can sell it for. The difference in these two prices is called the market spread. We include this information here to give you a clear idea of the total fees you pay when you invest. There is no market spread fee on the Targeted portfolio range.
We invest your money in many different funds. These funds charge fees. We try to keep these fees as low as we can on your behalf.
The cost of buying an asset is usually more than the price you can sell it for. The difference in these two prices is called the market spread. We include this information here to give you a clear idea of the total fees you pay when you invest. There is no market spread fee on the Targeted portfolio range.
For example, if you invest £20,000 you’ll pay:
|&me Management Fees||0.65%||£10.83|
|Investment Fund Fees||0.19%||£3.17|
|Market Spread||Up to 0.04%||£0.67|
|Total||Up to 0.88%||£14.67|
More information about Pensions
If you still have questions, get in touch and we’ll be happy to help.
Yes. Everyone has the same pension allowance no matter how they’re employed. And if you own a limited company, you can even have your business pay directly into your &me personal pension which reduces your company’s tax bill.
If you currently earn less than £40k each year, the maximum amount you can add to your pension savings is the same as your annual salary. If you earn between £40k and £240k, then the limit of what you can contribute is £40k. If you haven’t added the maximum amount over the past three years, it’s possible you could add more than £40k. We recommend speaking with one of our &me investment experts who can check this for you.
The minimum pension amount you can transfer to the &me SIPP is £500.
The current rule is that a tax charge applies if you have more than £1.05 million in your pension savings when you want to start taking money. If this affects you, we recommend speaking with one of our &me consultants who can check you’re being as tax-efficient as possible.
If you have less than £1.05 million, you have the option to take 25% of your pension as a tax-free lump sum when you reach the age of 55. You can then use the rest to give you an income, which will be subject to regular income tax charges.
It slightly differs if you pass away before or after 75.
If under 75, we’ll arrange for your &me pension value to go to your beneficiaries free of tax unless you have more than £1.05 million in your pension.
If after 75, any money paid to your beneficiaries is treated as income and they’ll be taxed accordingly.