Set up automatic enrolment with Revolut Business & Smart Pension

Sarah Hiraki

 · December 05, 2019  · 12/05/2019

It may already be December, but we’re still not finished with big announcements for 2019. We’re proud to be releasing yet another amazing perk to our lineup through a partnership with Smart Pension.

If you're a UK business, you’ll be able to set up your business account and pension auto-enrolment in minutes, through our partnership and new direct debit functionality!

Who is Smart Pension?

Smart Pension is on a mission to transform pensions, savings and financial well-being, across all generations, around the world. They offer an advanced technology platform optimised for speed and security, and payroll integration. Smart Pension is authorised by the pensions regulator, and combines reliable pension services with an innovative platform that makes it easy to stay on top of your company pension program.

Save on pension fees when you open a business account

When you sign up for a Revolut Business account before April 30th 2020, your employees receive a preferential rate on their pension fees. Workplace pensions and automatic enrolment are compulsory for businesses across the UK, and the introduction of Direct Debits combined with the Smart Pension partnership means that paying pension your pension contribution and meeting your auto-enrolment obligations has never been easier. Will Wynne, co-founder and MD at Smart Pension, said: “This is a great fintech partnership. Both organisations’ aim is to use technology to make life easy for people.”

And we’re just as excited.

“Our new partnership with Smart Pension makes it easy for our business customers to meet auto-enrolment requirements for eligible members of their companies. Not only can account holders take advantage of this preferential rate from Smart Pension, but they can set up both a business account and get pensions up and running in minutes. This partnership is a game-changer for our customers,” said Vaidas Adomauskas, Head of Business Product at Revolut.

A year of new releases for Revolut

2019 has already been a huge year for Revolut, and things just keep getting better. For business account holders, we’ve added free accounts, 24/7 customer support, end-to-end expense management in app, multi-accounts login, and an integration with QuickBooks.

To keep up with the latest from Revolut, make sure to follow us on social media and right here on our blog.

Open a business account today