Why do I need to set up a Direct Debit for my pension?

To make contributions to your pension, and to help us verify your identity, you will need to link your Moneybox with a UK current account held in your name and set up a Direct Debit. 

Setting up a Direct Debit does not mean you need to make payments into your account, and we will only ever collect funds if you instruct us to do so in-app.

It’s worth noting that you can only link one UK current account to your Moneybox, and we are unable to accept links with a business account, savings account, or a UK current account held in someone else’s name.