Transfer your pensions

Make life simpler by combining your pensions and transferring to our low-fee account.

For UK residents only. Investments can go down in value as well as up and you could get back less than you invest. Tax rules for pensions can change. Your eligibility to invest in a pension depends on individual circumstances. You cannot usually access your savings until the age of 55 (57 from 2028).
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Which? Recommended Provider for Self-Invested Personal Pensions

“I wish I could have invested with Vanguard years ago.”

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Why transfer to us?

Save time and money
With our low-cost self-invested personal pension (SIPP). You could spend less on fees, so more of your money can grow for your retirement.

Easy to manage
With an online account you can see all your retirement savings in 1 place.

Choose how to invest
Pick a ready-made retirement fund, build your own portfolio from our range of funds. Or we can manage the pension investments for you.

Low cost

We keep our fees low so you keep more of your returns.

No withdrawal fees

Unlike some pension providers, we do not charge a fee when you want to start using your pension savings.

No transfer fees

We do not charge a fee for transfers. Although your existing provider might, so you should check with them first. 

Before you start a transfer

Pension transfers are a complex area and may not be suitable for everyone. Your eligibility to invest in a SIPP and what tax you will pay depend on your personal circumstances.

Before taking the next step, read the following information.

Any self-invested personal pensions (SIPP).

Read

Our pensions transfer factsheet for more information.

Pension transfer ctsheet
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Already in drawdown?

Just because you've started taking money from your pension does not mean you have to stay with your current provider. Especially when you could save money by transferring to us.

Unlike some providers, we do not have a minimum withdrawal amount, so you can take your tax-free cash in lots of smaller chunks if you want to.

Our pension specialists are on hand to help, no matter what the question.

How investments are transferred

Your investments as they are – if you have Vanguard funds



This option is sometimes called re-registration or in specie. If you hold Vanguard funds with your current provider that we also offer, they will usually be transferred across to us directly as units or shares. 

Check if we offer the same funds

As cash

Any non-Vanguard funds will be sold by your existing provider and transferred to us as cash, where you can reinvest it in our range of over 85 funds.

If we choose and manage the investments in your pension for you

Once the Vanguard funds are transferred to us, we will sell them where needed and reinvest them in the funds in your portfolio.

Check with your current provider whether your investment can be re-registered to us; otherwise, they will be sold and transferred to us as cash.

We’ll reinvest any cash we receive in the funds in your portfolio.

During the transfer

Your investments will be out of the market for a period during the transfer process. This means you will not profit from any market rises or lose from any market drops.

Choose how to invest

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Get transfer ready

Check with your current provider

  • To confirm how much your pension is worth.
  • The terms and conditions of your scheme, for example, if you’ll lose any guaranteed benefits.
  • If it has an up to date name and address for you. Your personal details must match what you tell us. If not, your transfer could take longer.
  • If it charges exit fees.

What you’ll need

  • The name of your pension provider and your policy number.
  • The value of the transfer and if you already have Vanguard funds.
  • Your National Insurance number.

How to start a transfer

  • Apply online

    Tell us a few details about your current provider and investments. Please check your personal details like your name and address are up to date with your current provider as any differences can slow things down.

  • 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 

    Some providers need to see signed paperwork before transferring. If your provider is one of them we’ll give you a form to print, sign and post to us.

  • We'll let you know when it's all done

    We’ll email you and send you a secure message.

How long does a transfer take?

Some pension transfers could take as little as 10 working days or as long as 10 weeks or more. 

Read about transfer times

What to think about before you transfer a pension

Have another question?

Ask out chatbot, search our frequently asked questions or send us a message.

Go to help and support
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Free and impartial

A government service from MoneyHelper offering guidance to the over 50s on the options to take money from your defined contribution pension pots.

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Would you like to join us? It’s quick and easy. You can open a Personal Pension in 10 minutes.

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We are authorised and regulated by the Financial Conduct Authority.

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We are covered by the Financial Services Compensation Scheme.