Pension App will soon begin accepting contributions into its pension accounts. This soft launch will allow users to make one off contributions with future plans to permit users to setup recurring monthly contributions. This new feature supports our mission to make pension management secure and accessible for everyone. Whether you are combining past pensions or building your savings, Pension App offers a seamless and straightforward experience.
Recent figures from HMRC show a small increase in pension savings among the self-employed. Individual contributions rose to £2.7 billion in 2023 to 2024, up from £2.3 billion the year before. The number of self-employed people making contributions also increased, from 350,000 to 360,000.Despite this, the overall number of people contributing to personal pensions fell slightly. And while the increase is encouraging, the level of retirement saving among the self-employed remains low compared with the wider population.
Pension App’s contribution feature is designed to make saving simple. Whether you are self-employed, working multiple jobs or simply looking to top up your pension independently, you can now contribute directly through your account. There is no paperwork or waiting for provider updates - everything can be managed online. With daily fund performance tracking and flexible investment options, you stay informed and in control of your pension. This update is part of our ongoing commitment to improve the tools and features we offer. We believe everyone should have access to pension management that is clear, easy to use and built around their needs.
Pension App users will be notified when the contribution feature becomes available. If you have not yet signed up, you can get started here.
With pensions, your capital is at risk.