Fees and Charges
Penny charges a fee of 0.75% per year of the value of your pension. This fee is called the Annual Management Charge (AMC).
Penny does not charge any other fees.
When your old pensions transfer into your new Penny Pension, you will stop paying fees to your old pension providers, and only pay Penny’s fee.
Please note - if you choose Penny's Ethical Plan, then the fee is 0.78% per year.
Please note that we are unable to assess if an existing provider is charging you less than Penny will charge, so you could end up paying more. We recommend that you research the fees of your existing pension policies in order to ensure that transferring your pensions to Penny is right for you.