A current pension is the one you and/or your employer are paying into right now.

Penny can get information on this pension and display it within the app just like your other ones, but Penny will never transfer your current pension - this means you can keep contributing to your current pension every month with your employer. 💰

When we receive information about your current pension from the pension provider, you will be able to see the value of the pension on the day we found it in your Penny app. This value will remain static and not update with your contributions to it.

The reason for this is that we do not have access to this data. So don't worry if you're contributing but can't see the value increase within your Penny app.

If you leave your current job, your pension will become inactive, or 'paid up', and you can then transfer the pension into your Penny account alongside all your others. ✅

To tell us a pension is inactive simply select the policy in the Penny app > "Mark Pension as not active". It will then be added to our transfer queue to be transferred into your Penny Pension. 😊