With a Dodl pension, investing towards your retirement goals couldn't be easier. 


Preview of app showing pension account

What is a pension?

It’s a special type of investment account which lets you save and invest for the retirement you're dreaming of.

How does a pension work?

You're in control

Pay in up to your earnings each tax year and control how your pension savings are invested. Choose anything from Dodl's straightforward range of investments, including the pension builder fund.

Tax relief top-up

When you save into a pension you’ll get basic tax relief – a 25% top-up from the government for paying into a pension. (If you’re a higher taxpayer you can claim extra tax relief via your self-assessment.)

Your investments, wrapped

Pensions have the added benefit of being a 'tax wrapper' meaning your investments can grow and earn income tax-free while they're in your pension.

It's never too early

The earlier you start saving into a pension, the longer you have to keep it invested – and the more you could potentially grow your retirement savings.

Know the pension limits

Pension allowance

You can pay in up to your earnings each year, but be aware of the upper limit on this of £60,000. (Your limit could be lower if you're a higher earner or you've taken money out of a pension.) 

Withdrawing your pension

You can only take money out of your pension once you reach the pension age (currently 55 but increasing to 57 from 2028).  

Rules apply!

Your personal circumstances affect how you're taxed and how much tax relief you’ll get. Tax and pension rules could change in future.

Investing carries risk

Because you can’t access your pension savings for a long time, investing them can make a lot of sense – so you can potentially grow your retirement pot. But as with all investing, your money is at risk.

This page covers some of its most important points but before you open a Dodl pension, make sure you read its key features.


Read the key features

Why choose a Dodl pension? 

Because Dodl keeps things simple. You can open your pension and start your investing journey with as little as £25 a month. And here are just a few more reasons…

  • Combine your pensions

    Time to get a handle on your pension pot? It's easy to transfer your unloved pensions to Dodl and get them working harder for your retirement.


    Preview of app showing how to start a transfer
  • Part of AJ Bell

    You get all the AJ Bell experience and expertise, squeezed into one easy-to-use, no-nonsense investment app.


    AJ Bell logo
  • Low-cost investing

    Invest for less with just a 0.15% account charge - making Dodl one of the best value investment apps around.


    Piggy bank icon on red background
  • Hassle-free choices

    Keep the choice but lose the hassle, with Dodl’s straightforward range of investments, including the simple, low-cost pension builder fund.


    Phone preview showing Dodl investment range in the app

     While investing with Dodl is…a doddle, it carries risk. The value of your investments can go down as well as up and you could end up with less than you put in.

    Pension charges

    Like all Dodl accounts, you'll only pay one simple low-cost charge for your pension. Here's how it works.

    How much?

    0.15% of the value of your investments per year (min £1 per month).

    How will I pay it?

    It’s collected from the available cash in your pension once a month, so it’s spread over the whole year.

    Anything else?

    The investments you choose have their own charges to buy/sell or hold them.

    More on charges

    How to get started

    It’s as easy as 1-2-3 to get started with a Dodl pension.


    Open your account

    Sign up and open your shiny new pension in minutes


    Add cash to it

    • Add a one-off amount from as little as £100
    • Set up a direct debit, adding a regular amount each month
    • Transfer a pension to Dodl


    Start investing

    Build up your tax-free investment portfolio from the range of funds, themes and shares


    Before you go for it, check transferring is the right thing for you and your retirement goals. Be sure to compare the charges and benefits offered by your current pension provider and Dodl.

    Like what you’re hearing? Get Started

    Help’s on hand

    Head to the help centre to have all your questions answered. And you can chat to Team Dodl anytime in the app or at

    Get a little help

    You can always learn more before (and after) taking your first investing steps with Dodl. Pop the kettle on, get comfortable and head to the Dodl learn tab, where you can master the basics of investing.

    Get started today

    It's important to know

    You have to be a UK resident for tax purposes to open an account with Dodl.

    The past performance of investments isn't an indicator of their future performance and their value can go down as well as up. This means you could get back less than you originally invested. 

    Dodl doesn’t offer any advice so if you’re not sure about the risks involved with investing, you should speak to a suitable financial adviser. 

    How you're taxed depends on your circumstances, and tax rules can change in future.