MG Capital pensions combine generous tax relief, flexible investment options and award-winning online management — making it straightforward to save for the retirement you deserve.
We make saving for retirement simple, tax-efficient, and rewarding — with features designed around you.
Get 20% tax relief as a basic rate taxpayer — meaning a £800 contribution becomes £1,000 in your pension. Higher and additional rate taxpayers can claim even more through Self Assessment.
Pay in a regular monthly amount, make lump sum contributions, or both. Pause, increase or decrease contributions at any time — your pension, your rules.
Access MG Capital's full fund range — from cautious multi-asset portfolios to focused equity funds — or choose a ready-made portfolio matched to your risk profile.
Track your pension value, switch funds, update contributions and view your projected retirement income — all via our app or online portal, available 24/7.
Choose the pension type that best fits your employment status, goals, and desired level of control.
A straightforward, flexible plan ideal for the self-employed or anyone wanting to top up their workplace pension. Government tax relief added automatically.
MG Capital provides pension solutions for employers of all sizes — including full auto-enrolment compliance, employee communications and competitive investment options.
Our Self-Invested Personal Pension gives you the widest investment choice — the full MG Capital fund range plus third-party funds. Ideal for experienced investors.
One of the biggest advantages of a pension is tax relief. The government effectively tops up your contributions by the amount of income tax you pay — making pension saving one of the most tax-efficient things you can do.
For basic rate taxpayers, every £80 you contribute becomes £100 in your pension. Higher rate taxpayers can reclaim an additional 20% through their Self Assessment tax return, and additional rate taxpayers can claim a further 5% on top of that.
You can contribute up to 100% of your earnings (or £60,000, whichever is lower) per year and still receive tax relief — subject to the Annual Allowance.
| Tax Band | You Pay In | Tax Relief | Total in Pension |
|---|---|---|---|
| Basic (20%) | £800 | £200 | £1,000 |
| Higher (40%) | £600 | £400 | £1,000 |
| Additional (45%) | £550 | £450 | £1,000 |
Higher and additional rate taxpayers must claim the extra relief via Self Assessment. Basic rate relief is added automatically.
Opening an MG Capital pension is straightforward and takes just a few minutes online.
Register online or in the MG Capital app in under 5 minutes. You'll need your National Insurance number and basic personal details.
Select a Personal Pension, SIPP, or enquire about a Workplace Pension. Our questionnaire helps you choose the right option.
Choose a ready-made portfolio matched to your risk profile, or build your own from our full fund range.
Decide how much to pay in and whether you'd like to consolidate any existing pensions. We'll handle the transfer process.
The Annual Allowance is the maximum amount you can contribute to all your pensions in a tax year and still receive tax relief. Currently it stands at £60,000 per year (or 100% of your earnings if lower). If you exceed this, you'll face a tax charge on the excess.
Yes. We can consolidate your old workplace and personal pensions into a single MG Capital pension, making it easier to manage. We recommend checking for any valuable guarantees (such as defined benefit benefits or guaranteed annuity rates) before transferring, as these can be valuable and may not be replicated elsewhere.
If you stop working, you can still keep your pension invested and it will continue to grow. Even if you're not earning, you can still contribute up to £3,600 gross per year (£2,880 net) and receive basic rate tax relief. You simply won't have any employer contributions.
The current minimum pension access age is 55, rising to 57 in 2028. You can begin taking benefits from your pension at this age, whether or not you've retired. Up to 25% can typically be taken tax-free, with the rest taxed as income.
MG Capital is authorised and regulated by the Financial Conduct Authority. Your pension assets are held separately from MG Capital's own funds by independent custodians, so they are protected even in the unlikely event that MG Capital ceased trading. The FSCS also provides protection for eligible claims up to certain limits.
The best time to start saving for retirement was yesterday. The second best time is now.
For illustrative purposes only. Not financial advice.