I’m kind of 50/50 on this one, there are plenty of scams where they hijack the users browsers, whereas highjacking a phone or iPad is much harder.
The extra real estate of an iPad which I use with Santander or NatWest for example is really useful and yes you can more easily view statements as well
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Might be a silly question, but I’m just wondering how tax contributions will be managed? [Eg will Monzo automatically claim for the basic rate government top up and then individuals apply for the higher contributions top ups like other providers?] seems to be missing from the info online at the moment.
I imagine when they allow the option to pay into it, there’ll be more info about that. 
I notice that you will not be able to add funds to a Monzo Pension once transferred. When will you be able to?
As they are not taking employee contributions it will be easy for them to apply for the top up from HMRC.
Couldn’t agree more.
All these new features from Monzo are amazing and Monzo really is becoming my financial hub (daily account, savings, investments etc). However as more and more features are added, the single point of failure (my iPhone) becomes more of a problem.
- Make the Monzo app available for Mac/Apple Silicon
- Provide better web access - not everyone has a Mac or iPad.
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Hey Adam! Not a silly question. When we launch the contribution feature, we will automatically claim for the basic rate and then if you are a higher/additional rate tax payer you will need to claim back the additional relief yourself. We’ll explain this in the journey when it’s live 
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Hey Steven We’re working on this at the moment and it will be live over the coming months. We’ll let Monzo customers know when it’s ready.
This is a great idea! It’s not something we have on our roadmap at the moment but is something we have discussed previously as a way to bring customers even more visibility of their future finances. Let’s see
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Hi Dave. This isn’t on our roadmap right now, sorry about that
Yes. This seems commonplace for the new world financial apps. My SIPP is currently with Freetrade and they can’t accept payments from my company either. I bet you don’t support taking out the 25% tax-free lump sum either, do you?
I guess I’ll end up going back to H&L or someone like that. Which disappoints me.
I work in software and there are kind of two schools of thought one is ‘best of breed’ where you buy the best software on the market for your need say accounting, then worry about how to integrate them, or you go for an integrated product which might do one or two things well and the rest meh!
So for me the H&L or II or Charles Stanley is the best of breed approach, whereas what Monzo are trying to do is an intergrated approach.
Given the current volatiity in the market I’m not sure I would want to see how much my SIPP had fallen every time I open my banking app… so for me I like to keep things seperate
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Was there ever an answer as to why pensions aren’t showing form some people?
Just another pointer to consider before everyone jumps on a new pension is to check the management charges between your current provider and Monzo.
Monzo will charge up to 0.63% for their services. My current provider is 0.21%.
I was looking forward to the possibility of having my pension easily visible and manageable (I mean it already is tbh) but 0.42% difference is mega.
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Also worth considering that Monzo is a percentage charge whereas other providers have fixed charges. So, for example, the place I’m with works out at 0.12% if you’ve £100,000 with them and less as it goes up in terms of percentage.
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Several other % providers also have a cap on fees which Monzo doesn’t seem to have?
Gotta make that sweet sweet cheddar somehow… I am with II as I like the idea of fixed fees, also they bill you the fees rather than take it from your investments which is frankly wrong and should have been banned years ago
It’s better to pay them from the SIPP money than directly as you get the tax relief on the payment. So, for example, a £10 charge only costs you £8 if you pay it from within the SIPP.
Sorry but you haven’t considered the opportunity cost.
Imagine I am 30, retiring at 60 and pay £100 in fees from my investments, you are right, this benefits from the tax relief, however assuming a 5% return for 30 years I have lost investment gains of £346.77.
Now if I had paid the fees in cash my SIPP would be worth £446.77 more of which wait for it 25% is available tax free i.e. £111.
Which was the reason why I said it should have been banned as it literally robs you of potentially thousands of pounds of extra value.
That assumes you’re maxing out you pension contributions though doesn’t it? I’d imagine most people don’t and they’d simply add the fee on top of their regular contributions?