What are the fees for a Monzo Pension?

Calculated daily, collected monthly: We work out your fee each day based on your daily balance, add it up for the month, and round it down to the nearest penny.

Paid from each account: Fees are taken automatically once a month directly from the account that generated them (Investment fees from your Investment account, Pension fees from your Pension account).

Combined fee cap: Once your accounts reach your annual fee cap together, we stop taking Monzo Investment and Pension fees for the rest of the year.

Monzo Investment and Pension Fee: 0.25% a year (capped at £250 combined across your accounts).

Monzo Plans (Plus, Premium, Perks, or Max): If you subscribe to a plan that offers a lower fee, your investment fee is 0.20% a year (capped at £200 combined across your accounts).

If you have Aura: You won’t pay Monzo Investment fees on your ISA and GIA. Your Monzo Pension fee will still be at 0.25% (or 0.20% if you subscribe to a plan with a lower pension fee), and your fee cap (£250 or £200) applies only to your Pension balance.