PensionBee review: any good for your pension? (2025)

Описание: In a nutshell: PensionBee review

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PensionBee is one of our top picks for pension providers, it’s pretty awesome all round, and perfect for those looking for an easy to use, and understand, option for their pension. They make pensions super simple.

It’s great for basically everyone, whether you’re employed full time, part time, self-employed, running a business, and even retired and looking to start withdrawing from your pension.

Overall, it’s a massive 5 stars from us. Let's dive into the details.

PensionBee is a personal pension provider, which means you can set up and manage your pension yourself, rather than a pension from work, called a workplace pension. Although, confusingly, they’re both types of private pensions. And often, the word private pension is used to mean a personal pension.

With PensionBee, you can start a brand new pension, or transfer a pension from a previous job over, or multiple pensions if you have them, to combine all your old pensions into a single pension, making it much easier to manage, and not risk forgetting about them in future. It happens more often than you think.

PensionBee will handle the whole pension transfer process, and go out and find your pensions, and handle all the paperwork to go with it. Usually after a few weeks, they’ll appear in your PensionBee account.

Once you’ve signed up, you simply pick from an easy to understand range of pension plans, which is where your money will be invested by experts with the aim of growing them further over time, such as their fossil fuel free plan, which doesn’t invest any money in fossil fuel companies, or simply pick their standard plan. There’s even a plan for more ethical investing.

You’ll then be able to manage your pension whenever you like using their mobile app, or on their website. It’s simple, and easy to use.

There’s help on hand from their customer service team whenever you need it too, on the phone, online and email, and you’ll get a dedicated account manager, called a BeeKeeper, who’s there to guide you through any questions you might have on pensions and the PensionBee process. The only negative is that they can’t provide financial advice, you’ll need to speak to a financial advisor for that.

When you save money into your pension, you’ll get a massive 25% bonus from the government on everything you save, added automatically to your pension, and if you pay 40% or 45% tax, you can claim this back at the end of the tax year too. This is called tax relief, learn more in the video description.

If you’re self-employed, you’ll need to sort your own pension, and PensionBee is a great choice. You can save money from your personal bank account, all tax-free, or save money from your business bank account if you run a limited company, and benefit from saving Corporation Tax on top. You can’t do this with a lot of personal pension providers.

When it comes to retiring, or withdrawing your money later in life, PensionBee provides a drawdown service, which is where you can simply withdraw money as and when you like, for instance monthly, while keeping the rest of your money growing within your pension pot.

Or, they can help you find the right pension annuity for you, which is trading in your pension pot for a guaranteed monthly income.

Overall, it’s great for a pension across your whole life, whatever job you have, or type of work, all the way through to withdrawing your pension when you retire.

And finally, when it comes to fees, it’s low cost too. There’s one simple annual fee, which depends on the pension plan you pick, and ranges from 0.50% to 0.95% per year of your pension pot, and this fee reduces by 50% on anything you have saved over £100,000.

We’re giving PensionBee a big 5 stars, we’re big fans. It’s super easy to use, the mobile app is simple to understand, the pension plans are great, growing nicely over time, and they can find and move over any old pensions you have. It’s low cost, and the customer service is excellent too. We can’t fault it.

If PensionBee is for you, get £50 added to your pension for free when you sign up with Nuts About Money (link above).