Transfer your drawdown pension
Transferring your existing drawdown pension to the Vantage SIPP (Self Invested Personal Pension) is easy and in many cases you don't even need to sell your existing investments.
Before transferring, you should check whether any penalties will be applied to your existing plan, and that the transfer will result in at least comparable benefits. Drawdown in the Vantage SIPP is arranged on a non-advisory basis. If you receive advice on your current drawdown plan, this won't continue if you transfer to the Vantage SIPP unless agreed separately.
Transfer and benefit from...
- Pension freedom rules and flexible access to your pension
Investors in drawdown in the Vantage SIPP can take advantage of new pension freedoms. If you are currently in capped drawdown you can keep the cap on your income, or move to flexible drawdown and take unlimited income.
- NEW lower costs
No set up fee, no fees from us to transfer- in, no fee for drawing a regular income or one off withdrawals and no fee to switch from capped drawdown to flexible drawdown. Plus, exclusive super-low annual charges on top-performing funds and competitive annual management charges, together with online share dealing from £5.95 to £11.95 a deal. The charge for holding investments is up to 0.45% per annum, and the investments you choose may have their own charges. Find out more about drawdown charges and interest rates.
- Wide investment choice
Choose from over 2,500 funds (unit trusts and OEICs) run by leading fund managers, as well as shares, investment trusts, gilts, corporate bonds, covered warrants, ETFs, and cash.
- Complete control
Choose all your own pension investments, hold them under one roof and manage them online, by phone, smartphone, tablet or post, whenever you wish. You can also continue drawdown beyond age 75.
- Award-winning service
We've been voted Best SIPP Provider by readers of What Investment for the past eight years running and awarded the Gold Standard for Retirement in 2014. Our drawdown specialists are on hand to answer any questions you may have. There is no automated service, just friendly professional support.
Drawdown in the Vantage SIPP is offered without advice as standard. Drawdown is a more complex option than an annuity, and if you are at all uncertain about its suitability, we strongly recommend you seek financial advice.
Our advisory team would be happy to help you, for more information about their services please contact them on 0117 317 1690 or visit the advisory services section of our website.
How to transfer
To transfer your drawdown pensions into the Vantage SIPP, request your free drawdown illustration and information pack, which includes just one short form for you to fill out and return to us, and we will handle the transfer for you.
Request a transfer pack
Drawdown is a more complex option than an annuity. What you do with your pension is an important decision: you could run out of money. Make sure you understand your options and check they are suitable for your circumstances: take appropriate advice or guidance if you're unsure. Our service is not personal advice but we can offer advice if you specifically request this. The Government's free Pension Wise service can also help - more on Pension Wise.
Have a question?
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