SET UP A PENSION

Start a new pension

You can set up your new pension in minutes and we’ll make sure your money works as hard as you do.

Why Profile Pensions?

Personalised Pension Plan

We tell you where to invest your pension, choosing funds from the whole of the market, and offer an ongoing service to make sure it stays invested in the best place for you.

Make regular or one off contributions

You choose when and what to pay into your new pension. You can make changes to your Direct Debit in your secure online account or with help from your Pension Adviser.

Competitive, all-inclusive fee

No hidden costs. Our annual fee is between 0.83%-0.87% (depending on the pension plan we choose for you). This includes platform, fund and ongoing advice fees.

Reasons to set up a new pension

Setting up a new private pension today could give you financial freedom in the future. When you start a new pension with us, you’ll get:

  • A secure online account where you can view your personalised pension plan and your pension’s performance

  • The ability to make one-off or set up regular payments so that you can contribute to your pension in a way that works for you

  • Access to your dedicated Pension Adviser at any time, straight from your online account

  • Tax relief from the government automatically applied, which means a 25% top-up on your contributions for basic rate taxpayers

  • Our ongoing service, where we continue to monitor your pension for you, making sure it’s invested in the best place for you

  • Flexible access in retirement, including pension drawdown income from age 55 (rising to 57 in 2028)

  • The option to leave the money to a loved one as your beneficiary 

Start a new pension quickly and easily

01

Start a new pension

Sign up by answering a few quick and easy questions that will help us understand your pension priorities. From here we’ll choose the best funds for you from the whole of the market and introduce you to your dedicated Pension Adviser.

02

Contribute to your pension

03

Monitor your pension

What is a private pension?

A private pension is where you make personal contributions as a way of saving for retirement. This can be in addition to the state pension and a workplace pension. A private pension can give you tax relief on your contributions, allows you to make regular or one-off contributions and gives you a flexible pension. 

You can usually begin to access a private pension from 55 (rising to 57 in 2028), where you can take a tax-free cash sum from your pension pot of up to 25%. The remaining money in your pension continues to be invested, but is also available as flexi-access drawdown, or you can use the remaining money to purchase a pension product like an annuity.

You can learn more about private pensions in our guide and you can also see an estimate of what your pension savings could be worth in retirement with our pension calculator, and the effect your contributions could have on your future.

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Start a new pension today