You can unlock higher cashback rates by consolidating your pensions with Chest. Here's how it works.
How to get higher rates
When you transfer existing pensions into Chest and reach a consolidated value of over £10,000 in transferred assets, you'll unlock higher cashback rates across all brands.
The threshold
To qualify for higher cashback rates, you need to have transferred in at least £10,000 of pension assets from other providers. Only transferred assets count toward this threshold - contributions made directly to Chest don't count.
When higher rates apply
Once your transferred assets have been successfully received and invested, higher cashback rates will be applied to all your cashback transactions. There's nothing extra you need to do - the higher rates will appear automatically when you browse brands in the app.
How much higher?
Higher cashback rates vary by brand but offer a meaningful boost compared to standard rates. Check the Cashback section in the app to see the rates available to you.
How to transfer pensions
To start consolidating pensions and working toward higher cashback rates:
Go to Combine Pensions in the app
Enter details of your existing pension(s)
We'll handle the transfer for you
Once transferred and invested, your higher rates will apply
See our article on transferring a pension into Chest for more details on the transfer process.
Still need help?
If you have questions about cashback rates or consolidation, contact us at hello@joinchest.com.