Bitcoin Could Become Part of UK Pensions as Over a Quarter of Brits Consider Crypto for Retirement

• 27% of UK adults open to crypto in pensions

• 23% would consider withdrawing part or all of a pension to invest in crypto

• Over £3.8 trillion held in UK pensions; security and regulation are top concerns (41% and 37%)

crypto in UK pensions: Aviva survey shows 27% open to crypto in retirement funds — learn what this means for savers and risks. Read more.

Over a quarter of Brits said they’d add crypto to their retirement portfolios, while 23% would even withdraw existing pension funds to invest in the space.

How could crypto enter UK pensions?

Crypto in UK pensions could expand as retail interest and regulatory progress converge, but implementation depends on product availability, trustee policies, and consumer protections. Aviva’s poll shows meaningful demand, yet security, volatility, and regulatory clarity remain major barriers to broad adoption.

What did Aviva’s survey of UK adults reveal?

Aviva surveyed 2,000 UK adults via Censuswide (June 4–6) and found 27% of respondents are open to including crypto in retirement funds. The data showed 23% of all respondents would consider withdrawing part or all of their pension to invest in crypto, and roughly 20% have held or hold crypto today.

Around two-thirds of those who have ever held crypto continue to own some. Younger cohorts appear most active: nearly one-fifth of adults aged 25–34 reported withdrawing pension funds to invest in crypto, contributing to 8% of all respondents who said they had already done so.

Crypto interest is largely driven by potential high returns: just over 40% of those open to crypto cited higher potential returns as their primary motivation.

Why are UK savers cautious about crypto?

Security and lack of regulation topped risk concerns. Forty-one percent cited hacking or phishing risks, 37% flagged insufficient regulation or protection, and 30% pointed to crypto volatility as a major worry.

Aviva’s managing director of wealth and advice, Michele Golunska, warned that pensions carry structural benefits many investors may overlook. “We mustn’t forget the value of the good old pension. It comes with some powerful benefits, like employer contributions and tax relief, that can make a real difference to your long-term financial wellbeing.”

How might regulation and market access affect uptake?

The UK has proposed a regulatory framework to align crypto firms with traditional finance standards, increasing transparency and consumer protections. Meanwhile, global moves — such as a recent US executive action allowing 401(k) plans to include crypto — show how policy changes could unlock trillions in retirement assets for crypto exposure.

What does this mean for pension balances and capital flows?

More than four in five UK adults hold pensions valued collectively at about £3.8 trillion ($5.12 trillion). If even a small share shifted into crypto, inflows could be material for digital-asset markets. However, actual capital movement depends on product availability through regulated pension wrappers and trustee approvals.

Which practical steps should savers consider?

1. Assess risk tolerance and retirement time horizon.
2. Review pension provider policies and availability of regulated crypto products.
3. Compare potential returns against tax relief and employer contributions you might forgo.
4. Prioritise secure custody solutions and consider dollar-cost averaging.

Frequently Asked Questions

Can I currently put crypto in a UK pension?

Some pension schemes and self-invested personal pensions (SIPPs) may allow crypto exposure, but choices are limited and depend on trustees and regulated product offerings. Check scheme rules and consider professional advice before transferring or withdrawing pension funds.

Is withdrawing pension money to buy crypto common?

Not widespread, but Aviva’s poll found 23% of respondents would consider it and 8% reported having already withdrawn pension funds to invest in crypto. Younger adults (25–34) are most likely to have taken this step.

Key Takeaways

• Significant interest: 27% open to crypto in pensions, 23% might withdraw existing pensions to invest.
• Major barriers: Security, regulation, and volatility remain top concerns for UK savers.
• Policy matters: Regulatory clarity and product availability will determine whether pensions channel substantial capital into crypto.

Conclusion

Interest in crypto in UK pensions is clear, but structural benefits of traditional pensions and unresolved risks mean adoption will likely be cautious. Savers should weigh potential returns against lost contributions and protections, and watch regulatory developments closely. COINOTAG will continue to track policy and market changes.