Can my existing income drawdown plans be combined after being transferred?

No, HMRC rules mean that existing income drawdown plans transferred to Hargreaves Lansdown must remain separate.

Each plan will have its own pension year and three yearly GAD calculation review dates. Each arrangement will be subject to separate reviews and GAD calculation charges.

The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.

Hargreaves Lansdown is authorised and regulated by the Financial Services Authority.