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    I'm trying to find out if I can move my current UK pension into a Crypto based fund?

    16 June 2021

    Question by Carlo

    Hello I'm trying to find out if I can move my current UK pension into a Crypto based fund like a Crypto ETF or just basically a fund that invests in Crypto currencies. I have been told that you can not in the UK. Is this true and if not do you know which pension fund does? Thank you for your help.

    Answered by Boring Money

    Hi Carlo, good question and since the appreciation in the value of cryptocurrencies, we have seen an influx in the interest in the asset class. Unfortunately, our industry regulator (Financial Conduct Authority) has not allowed UK based investors to use their tax wrappers to hold these investments as they are deemed as too higher risk for retail investors.

    Investing in crypto assets, is extremely risky and is essentially short-term speculation on an asset with little intrinsic value, whereas pension investments are about long-term investments. If you are going to invest in this sector, I can only suggest investing with extreme caution and with a small % of your investable assets and use a well known crypto wallet such as coinbase.

    Answered by

    Boring Money

    Here to help you understand your options and make smart money choices.

    Important stuffHolly and the team have worked in the finance industry for many years but we are not regulated to give you personal financial advice. For every story on this website about a good investment, or something which went up by 10% or made someone £200, we could also share a story about a bad investment, something which fell in value or lost someone £200. We aim to provide general information and pointers – and btw we are totally agnostic about which providers you might pick – but if you have complex affairs, want personalised advice or need specific recommendations, please look at advice pages and see if regulated digital or traditional financial advice would be the best solution for your needs. Boring Money Ltd is a limited company registered in England and Wales under registration number 09459832 and we have our registered office at 10 Lower Thames Street, London, England, EC3R 6AF.
    Risk warningAs is always the case with investing, your capital is at risk. The value of your portfolio can go down as well as up and you may get back less than you invest. Tax treatment depends on your individual circumstances and may change in the future.
    Boring Money Ltd is a limited company registered in England and Wales under registration number 09459832 and we have our registered office at 10 Lower Thames Street, London, England, EC3R 6AF.
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