Moneyfarm Pension Reviews, Transfers, Drawdown and More

Moneyfarm is one of Europe’s leading digital wealth managers, known for bringing professional investment management to the mass market. By combining "robo-advice" technology with human expertise, Moneyfarm offers a middle ground between purely DIY platforms and expensive traditional wealth managers.

In 2026, Moneyfarm continues to lead the digital revolution in retirement planning, particularly through its sophisticated SIPP (Self-Invested Personal Pension) and its acquisition-backed "Find, Check, and Transfer" service.

If you are wondering whether MoneyFarm is the right option for your pension investments, get in touch below and one of our independent financial advisers will impartially review this for you.

Moneyfarm Pension Products

Moneyfarm focuses on a managed approach where their experts do the heavy lifting. Their primary pension product is the Moneyfarm SIPP.

• Managed Portfolios (Classic): These are actively managed portfolios built using low-cost ETFs. Moneyfarm’s investment team regularly rebalances these to stay in line with your risk profile.

• Fixed Allocation Portfolios: A lower-cost alternative where the asset mix is set at the start and only rebalanced annually, rather than actively managed.

• Socially Responsible Investing (ESG): For those who want their retirement savings to align with environmental and social goals, Moneyfarm offers diversified ESG portfolios.

• Thematic Investing: For larger pots (typically £10,000+), members can add specialised "themes" like technology or sustainability to their core portfolios.

Putting a Moneyfarm Pension into Drawdown

As you reach retirement age, Moneyfarm provides a seamless transition into Flexi-Access Drawdown (FAD).

• How it Works: From age 55 (rising to 57 in 2028), you can take up to 25% of your pot as a tax-free lump sum. The remainder stays invested in your chosen risk-rated portfolio, allowing for continued growth while you take a flexible income.

• Guidance Included: Unlike many "execution-only" platforms, Moneyfarm provides access to Investment Consultants who can help you understand the tax implications of your withdrawals.

• No Extra Fees: Moneyfarm does not charge additional fees for entering drawdown or for making regular/ad-hoc withdrawals.

Alternatives to Drawdown

If you prefer more certainty or a different structure, your options include:

• Annuities: While Moneyfarm is an investment platform, you can transfer your funds to an annuity provider if you reach a stage where you want a guaranteed income for life.

• UFPLS (Uncrystallised Funds Pension Lump Sum): This allows you to take one-off "chunks" of cash directly from your pot without a formal drawdown setup. Each chunk is 25% tax-free.

• Delaying Retirement: You can leave your pot untouched beyond your target retirement date, allowing it to potentially benefit from further market growth.

Reviewing an Existing Moneyfarm Pension

If you already have a Moneyfarm pension, or if you hold older "legacy" pots elsewhere, a 2026 review is essential:

1. Portfolio Re-alignment: Ensure your risk level (on a scale of 1–7) still matches your life stage. As you get closer to 2028, you may want to move toward a more cautious allocation.

2. Fee Benchmarking: Moneyfarm uses a tiered fee structure. If your pot has grown, you might automatically be eligible for a lower percentage rate. A review ensures you are maximising these "economies of scale."

3. Performance Check: Comparing your managed portfolio’s returns against benchmarks to ensure it is meeting your long-term expectations.

Transferring To and From Moneyfarm

Transferring INTO Moneyfarm

Moneyfarm is a specialist in pension consolidation.

• Find, Check, and Transfer: Through their 2024/2025 integration of Profile Pensions, Moneyfarm offers a service to track down "lost" pensions from previous employers and check them for valuable guarantees.

• Speed: Transfers are generally handled electronically via the Origo network, typically completing in 2 to 4 weeks.

• Minimum: You need a minimum of £500 to open or transfer a pension to Moneyfarm.

Transferring OUT of Moneyfarm

• Portability: You are free to move your Moneyfarm pension to another provider at any time.

• No Exit Fees: Moneyfarm does not charge exit fees. You simply provide your new provider with your account number and the process is handled in the background.

Pros, Cons, and Customer Reviews (2025-2026)

The Pros

• Simplicity: The app and dashboard are among the best in the UK for ease of use.

• Expert Guidance: Unlimited access to investment consultants for all members.

• Cost-Effective for Large Pots: Management fees drop as your balance increases, reaching as low as 0.35% for very large portfolios.

• Automated Advice: Their algorithm ensures you are always in a portfolio suited to your risk tolerance.

The Cons

• No DIY Fund Picking: You cannot choose individual stocks or niche funds; you must use their managed portfolios.

• Minimum Investment: The £500 minimum is higher than some "micro-investing" apps.

What Customers are Saying

"I’ve had my SIPP with Moneyfarm for 5 years. The app is incredibly clear, and I love that I can pick up the phone and speak to an expert whenever I have a question about my risk levels." — Trustpilot Review, Jan 2026

"Transferring my old workplace pots was effortless. They found two pensions I’d completely forgotten about. Performance has been solid, and the fees are much lower than my old provider." — Smart Money People Review, Nov 2025

How Our IFA Service Can Help

At Money Helpdesk, we connect you with Independent Financial Advisers (IFAs) who provide the objective, comprehensive advice that a digital platform cannot. While Moneyfarm provides "investment guidance," an IFA can offer a legal recommendation on your total financial plan.

Our IFA service helps you by:

1. Independent Fee Analysis: We compare Moneyfarm’s tiered fees against flat-fee providers to ensure you are in the most cost-effective home for your specific pot size.

2. Whole-of-Market Search: If Moneyfarm’s "managed only" approach isn't right for you, we help you find a SIPP that offers the DIY control or specific funds you need.

3. Complex Tax Planning: Ensuring your contributions don't trigger a tax charge if you are a high earner (Tapered Annual Allowance).

4. Legacy Asset Protection: We double-check your old pensions to ensure you aren't losing "Guaranteed Annuity Rates" before you consolidate into Moneyfarm.

Get started here to book a free, no-obligation chat with an IFA who can offer impartial advice about whether MoneyFarm is the right solution for your pension needs.