Personal Pension - Our DIY option

Our do-it-yourself option could be a good choice if you want to choose and manage your own pension investments. You can review and switch funds easily.

  • Pay in from £80 a month or an £800 lump sum
  • Stop, start or change your payments online
  • Choose from hundreds of pension funds from leading fund managers

Apply now

What is our DIY option online Personal Pension?

Our DIY option online Personal Pension is also known as our Active Money Personal Pension (AMPP).

It’s a flexible and tax-efficent way to save for your retirement. If you’re a confident investor, you’ll be able to find what you’re looking for quickly and easily.

Looking for a simpler way to save for your retirement? Take a look at our easy option online Personal Pension. It’s simple to switch to the easy option at any time if you change your mind.

A pension is normally a long term investment and, as with any investment, its value can go down as well as up and may be worth less than you paid in.

Want even more investment choice? Try our Self Invested Personal Pension

Why open our DIY option Personal Pension?

  • We'll claim government tax relief for you

    The government gives you 20% tax relief on your pension payments, topping up your pension payments for you. We'll automatically claim this and add it to your plan.

How your payments are topped up by basic rate tax relief

You pay inTax relief addsYour pension gets
£80 £20 £100
£200 £50 £250
£300 £75 £375

If you're a higher or additional rate taxpayer, you'll qualify for extra tax relief. You can claim any additional tax relief by contacting HM Revenue & Customs.

Laws and tax rules may change in the future. The information here is based on our understanding in April 2017. Your personal circumstances also have an impact on tax treatment.

  • Better deals

    You’ll have access to funds with competitive charges because we’ve negotiated deals with leading fund managers.
  • Access to all the latest information

    Keep an eye on your investments using the latest fund prices and performance information, and factsheets.
  • Manage your pension online

    Review or make changes to your investments. Login to our online services or use our mobile app.
  • Transfer other pension pots

    Transferring a pension to us is simple and you could be in control of your combined pension in just a few weeks.

Bringing your pensions together into one plan may not be right for you, e.g. you could be giving up important benefits. There’s also no guarantee of a better pension by transferring into one plan.

Once you’ve set up regular payments, you can pay in whatever you like, whenever you like as long as you meet minimum payments and HM Revenue & Customs limits.

Apply for your DIY option Personal Pension

  • Decide how much to pay in
  • Choose the funds you want to invest in

Apply now

The DIY option could be for you if you’re confident making your own investment decisions

 You’ll need to:

  • Understand your retirement income goals and how much risk you’re prepared and able to take.
  • Choose the types of fund you want to invest in to help you meet your goals.
  • Regularly review and monitor your investments to make sure they’re still appropriate for your goals.

Remember, your investment can go up or down in value and may be worth less than you paid in.

Compare pensions - which pension is right for you?

 The easy option Personal PensionThe DIY option Personal Pension
Choosing where to invest It's easy - you just choose the Strategic Lifestyle MyFolio Managed Profile which is right for you based on your chosen risk level. You can choose from hundreds of pension funds.

Risk Our experts will make sure that the funds you're invested in don't take any more or any less risk than they should. You need to regularly review your risk level to make sure it continues to match the profile you're in. You need to regularly review your investments to check they continue to match how much risk you're prepared and able to take.

If the DIY option Personal Pension option isn’t for you, our easy option Personal Pension offers a simpler way to save for your retirement. It’s easy to switch your investments into the easy option if you change your mind. If you’re looking for even more choice, our Self Invested Personal Pension could be for you.

A bit about tax

AMPP Key Features guide You can find out more about tax relief limits in your