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Service preview
Citizen Fund Service
Use this service to view your participation account, monitor contributions apportioned from your everyday spending, and forecast your drawdown entitlement at lock-end and State Pension age.
Every British citizen will be issued an individual account with a unique reference (format: CFS-XXXXX-GB). Contributions are apportioned automatically via Open Banking at a base rate of 3%, with uplifts of up to 5% applied to qualifying categories.
Important
This is a concept preview. The screens below use indicative mock data for an illustrative account (Ref: CFS-28371-GB).
Calculator
Calculate your participation account
Enter your details to estimate your lock-end value, retirement value, and monthly dividend.
Must be between 18 and 67.
Total take-home spend across all categories.
Lock-end value (10 years)
£14,418
Retirement value (age 68)
£275,094
Annual dividend (at age 68)
£13,755
≈ £37.68 per day
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The 6 core screens
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Account holder: Sarah J. Thompson
Your participation account
Reference: CFS-28371-GB
Current account value
£12,847.32
+£128.55 gained in the current month
Contributions received today
Continuous contribution record
Consecutive days without drawdown
147 days
218 days remaining until Tier 4 (‘Disciplined’).
Accumulation period
| Time until lock ends | 11 months, 14 days |
| Projected value at unlock | £15,040.00 |
| Projected daily drawdown entitlement | £2.06 |
Account overview
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Contribution history
All contributions apportioned under the Citizen Fund Service (3% apportionment rate, with applicable uplifts).
| Merchant / Source | Contribution |
|---|---|
Tesco Metro Food Supply ETF Today, 18:42 · CFS-28371-GB-0042 | £47.32 +£1.42 |
Transport for London Public Transit ETF (4% uplift applied) Today, 08:14 · CFS-28371-GB-0041 Uplift tier | £8.20 +£0.33 |
British Gas Energy Grid ETF Yesterday · CFS-28371-GB-0039 | £142.00 +£4.26 |
Residential rent (HomeLet) Social Housing ETF 3 days ago · CFS-28371-GB-0036 | £1200.00 +£36.00 |
PureGym Ltd Citizen Wellbeing ETF (5% uplift applied) 5 days ago · CFS-28371-GB-0032 Uplift tier | £32.99 +£1.65 |
HM Treasury reinvestment dividend Distributed across portfolio Last week · CFS-28371-GB-0028 Treasury dividend | +£12.40 |
Contribution history
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Consecutive days deferred
147
You have deferred 147 consecutive days of eligible drawdowns. Each deferred day remains invested and continues to compound.
Effect of deferring today’s drawdown
If you defer today’s eligible drawdown of £5.50, the Treasury projects the following outcomes:
| Horizon | Projected value |
|---|---|
| At lock-end (11 months) | £5.94 (+£0.44) |
| At State Pension age (37 years) | £58.42 (+£52.92) |
Projections are indicative only and assume a 4.5% real annual return.
Deferral tier progression
| Tier | Range | Status |
|---|---|---|
| Tier 1 — Starter | 0 to 30 days | Attained |
| Tier 2 — Building | 30 to 90 days | Attained |
| Tier 3 — Committed | 90 to 365 days | Current |
| Tier 4 — Disciplined | 1 to 5 years | Pending |
| Tier 5 — Legacy | 5 years or more | Pending |
Cohort data: 68% of account holders aged 30 to 35 deferred their eligible drawdown today. Source: HM Treasury, quarterly cohort analysis, Q1 2026.
Drawdown deferral record
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Total allocation
Holdings breakdown
| Sector ETF | Value |
|---|---|
Social Housing ETF 32% of portfolio | £4,111 +4.2% |
Energy Grid ETF 12% of portfolio | £1,542 +5.1% |
Food Supply ETF 14% of portfolio | £1,799 +2.8% |
Infrastructure ETF 11% of portfolio | £1,413 +3.5% |
Retail Economy ETF 13% of portfolio | £1,670 +6.1% |
Leisure & Tourism ETF 8% of portfolio | £1,028 +1.9% |
Citizen Wellbeing ETF 6% of portfolio | £771 +4.8% |
Public Transit ETF 4% of portfolio | £513 +2.3% |
Portfolio holdings
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At lock-end (11 months)
£15,040.00
Daily drawdown entitlement of £2.06 will become available from the lock-end date.
At State Pension age (age 68)
Projected nominal value
£1.50m
Approximately £340,000 expressed in today’s pounds.
Projected daily drawdown at retirement
£205.00
Equivalent to approximately £74,825 per annum, for life.
Projected value over time
Breakdown of projected value
| Your own contributions | £1,110,000 |
| HM Treasury reinvestment dividend | £37,000 |
| Compound growth (4.5% real) | £348,000 |
| Total projected value | £1,495,000 |
Long-term forecast
HM TREASURY — FUND OVERSIGHT
CFS-OVERSIGHT-2036-Q1 · Grade 6 clearance
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Internal dashboard · Restricted
National fund oversight
Aggregate indicators
Total fund value
£4.2T
Citizens enrolled
48,129,440
Today's inflow
£2.1B
Today's drawdowns
£580M
NHS Partnership ETF
£84B
Community Projects ETF
£38B
Top 5 sectors by inflow (today)
Recent transactions log
| TIME | CITIZEN | SECTOR | AMT | ETF |
|---|---|---|---|---|
| 10:42:03 | C-40192 | Groceries | £1.20 | Food Supply |
| 10:42:03 | C-40193 | Transport | £0.45 | Rail Network |
| 10:42:02 | C-40194 | Hospitality | £2.80 | Hospitality |
| 10:42:02 | C-40195 | Utilities | £6.10 | Electricity Grid |
| 10:42:01 | C-40196 | Retail | £0.90 | Apparel |
Desktop operations terminal · Grade 6 clearance
All actions logged · CFS-OVERSIGHT-2036-Q1 · Last refresh 10:42:03 GMT
HM Treasury oversight
Service design rationale
Why the service encourages drawdown deferral
The Citizen Fund Service is actuarially sound only if account holders defer their daily drawdown during the accumulation phase. Every pound left invested is projected to become approximately ten pounds at State Pension age under the Treasury’s central scenario.
Behavioural evidence indicates that citizens systematically over-value small immediate payments relative to substantially larger future payments. If a typical account holder withdrew their £5.50 daily entitlement to fund routine discretionary spending, the real-terms loss at retirement would be approximately £60,000.
The service is therefore designed to make the default action — deferral — the most visible, rewarded and frictionless option. Formal behavioural instruments are applied as follows:
- A continuous contribution record, measured in consecutive days of deferral.
- Five tiers of recognition (Starter, Building, Committed, Disciplined, Legacy).
- Projection tooling showing the effect of each deferred drawdown at lock-end and at State Pension age.
- Anonymous cohort comparison against account holders in the same age bracket.
- Matched-contribution uplifts triggered at 1-year and 5-year deferral milestones.
- Legacy forecasting showing post-inheritance-tax estate value for account holders with dependants.
Continuous contribution record
Consecutive days without drawdown
Each day without a drawdown is logged. A drawdown resets the counter to zero. Evidence from comparable behavioural mechanisms indicates this format is an effective deterrent against low-value discretionary withdrawals.
Tier progression
Five tiers of recognition
Starter (0 to 30 days), Building (30 to 90 days), Committed (90 to 365 days), Disciplined (1 to 5 years), Legacy (5 years or more). Account holders may opt in to anonymous cohort leaderboards.
Projection tooling
£5.50 today compounds to £58 at age 68
Each drawdown confirmation screen displays the projected future value of the amount being withdrawn, at both lock-end and State Pension age, under the Treasury’s central scenario.
Cohort comparison
Anonymous peer statistics
Account holders are shown the percentage of their age cohort (in 5-year bands) who deferred their drawdown on the same day. Based on quarterly data published by HM Treasury.
Matched-contribution uplifts
1 and 5-year deferral incentives
On completion of a 1-year continuous deferral record, the following month’s contributions are matched at 150% of the base apportionment rate. On completion of 5 years, one qualifying sector ETF receives a permanent 1% uplift.
Legacy forecasting
Projected inheritance value
Account holders with registered dependants can view an indicative post-inheritance-tax projection of the residual estate value, recalculated each time a drawdown is taken.
Principle
The daily drawdown exists so that account holders do not feel trapped. The service design, however, positions deferral as the default, rewarded path. This is consistent with the approach taken in automatic pension enrolment, where an estimated 90% of eligible employees remain enrolled because the default is continued contribution and any exit requires an active choice.
This is service architecture, not paternalism. Every behavioural instrument applied — contribution records, tier recognition, cohort comparison, matched uplifts, legacy forecasting — is directed at preserving the actuarial integrity of the scheme.
How it works
Contributions are apportioned automatically
- 1
You spend as you would normally
No change occurs at the point of sale. Contactless payments, Direct Debits and Standing Orders continue to function as they do today. Every transaction is read from your bank’s Open Banking feed.
- 2
3% of each transaction is apportioned
Using the Merchant Category Code (MCC) assigned by your card scheme, 3 pence in every pound is routed to the corresponding sector Exchange-Traded Fund. Qualifying categories attract uplifts of 4% or 5%.
- 3
Your account is updated in real time
Each contribution appears in your account within minutes, together with the sector, the reference number, and any uplift applied. Statements are available to download as PDF or CSV.
- 4
After 10 years, your daily drawdown begins
The first 10 years form the accumulation period, during which the account is locked and compounds. From year 11, a daily drawdown entitlement is credited. At State Pension age the entitlement is projected to equal a full-time salary.
Read the full proposal
The Participation Economy — policy paper
The full policy document sets out how the Citizen Fund Service would operate: the apportionment mechanism, the sector ETFs, the Treasury reinvestment dividend, the distributional analysis, and the fiscal response.
Read the policy paper