How to transfer a pension to us

We accept transfers to a Vanguard Personal Pension from most UK registered pension schemes.

If you already hold Vanguard funds with your current provider these can usually be transferred to us directly as units or shares.

There is no minimum pension transfer value.

We do not charge a fee for transfers. You should check if your current provider charges you for exit fees.

How much of your pension you can transfer

If you haven’t started withdrawing from your pension, you can transfer part or all of it. For pensions already in drawdown we accept full transfers only.

Final salary and defined benefit schemes

If you’re looking to transfer a pension from a final salary or defined benefit scheme worth more than £30,000, you’ll need to have the transfer signed off by an authorised financial adviser. 

We also require your adviser to complete and sign our Adviser Declaration confirming they have recommended the pension transfer. This regulatory requirement is there to protect you and make sure you're fully aware of what you're giving up.

We currently do not accept Qualifying Recognised Overseas Pension Schemes (QROPS). They are overseas pension schemes that HMRC regards as eligible for transfer from pension schemes registered in the UK.

If your pension has any safeguarded benefits

Some pensions come with valuable benefits like guarantees which you'll lose if you transfer to us. This usually applies to older pensions, final salary, or career average pension schemes – but you should always check before transferring.

Things to look out for include:<

  • guaranteed income

  • guaranteed annuity rates 

  • additional death benefits

  • earlier retirement benefits

  • guaranteed investment return or annual bonus

  • protected tax-free cash

You can read a full explanation of safeguarded benefits in our Pension Transfers Factsheet

If you started withdrawing money from your pension before 6 April 2015, you may be in capped drawdown. We cannot accept transfers of pensions in capped drawdown.

Transferring a pension may not be suitable for everyone. As with all financial decisions there are important factors you need to consider. If you’re in any doubt about transferring a pension you should speak to an authorised financial adviser.

How to start a transfer

  • Apply online

    We ask you for some personal and pension details and open a Vanguard account for you (if you do not already have one).

  • We contact your current provider

    They confirm the value of the pension and what cash and investments it contains. There s no need to contact us during the transfer. If we need more information from you, we ll contact you.

  • Your current provider will process your transfer

    This can take anywhere from 1 to 10 weeks but it can sometimes take longer.

  • We'll let you know when it's done

    We send you an email and secure message. 

Need more help?

Our UK-based team is ready to answer your questions

Do you have a Vanguard account?


Getting help in difficult circumstances

Please contact us if you’re having financial difficulties, navigating a difficult time in your life, or if your mental wellbeing is affected. This happens to many in these uncertain times. We’re here to help.

Have a complaint?

Let us know how we can help.

Contact us