Using MyPensionCare can be described in two steps below:
Building up a pension pot
Whenever you want to buy online, log in to your MyPensionCare account, search for the retailer
you want to buy from and select them. You will be automatically redirected to their website
where you can make your purchase as usual, at no extra cost to you.
Once your purchase has been made and approved by the retailer, they will pay us a commission
which will automatically be paid into your pension plan or to a pension pot open in your name with our pension provider partner.
partner.
Building a pension fund has never been easier. You'll benefit from pension tax relief, which
means that for every commission earned, the Government will add 25% of that amount and
from age 55, under the Pension Freedom Act 2015, you'll be able to access your pension if you
wish.
Receiving free cash every year until the age of 75.
From age 55 or after a minimum of 5 years' membership (whichever is greater), we will
automatically pay you on the membership anniversary date by BACS each year up to the age of 75.
Each participating retailer pays us a small commission to generate web traffic and customers. We invest a portion of these commissions in a common pot and share it with you until you reach the age of 75, your account is locked or your membership is terminated.
The sharing is based on the length of your membership and the amount earned for each qualifying transaction made at participating retailers.