Exclusive client offer. Pocket a £200 voucher when you open a SIPP with £10,000+ by 10 December. Terms apply. Learn more
Transfer your pension to the HL SIPP
Combine your pensions with the award-winning HL SIPP
More choice, better control, award-winning support. Simplify your retirement savings by transferring old pensions to the UK's largest direct SIPP provider.
Important information: Before transferring a pension, check for exit fees or loss of guarantees or benefits. Investments can go down as well as up, so it’s possible to get back less than you invest. You can usually access pensions from age 55 (57 from 2028). Pension and tax rules can change, and benefits depend on your circumstances. This isn’t personal advice. Ask for financial advice if you're not sure whether transferring is right for you.
Important information: Before transferring a pension, check for exit fees or loss of guarantees or benefits. Investments can go down as well as up, so it’s possible to get back less than you invest. You can usually access pensions from age 55 (57 from 2028). Pension and tax rules can change, and benefits depend on your circumstances. This isn’t personal advice. Ask for financial advice if you're not sure whether transferring is right for you.
Why transfer to the HL SIPP?
Transfer your pension to the HL SIPP for wider investment choice, easier management, and more flexibility at retirement.
More investment choice
Choose from a wider range of investments than many pensions, including the Ready-Made Pension Plan, managed by experts.
Easier management
Check your pension and investments securely online or through the HL mobile app, anytime. Get support from our award-winning helpdesk 6 days a week.
Flexible withdrawals
Take up to 25% tax-free cash from age 55 (57 from 2028) and a guaranteed or flexible income from the rest.
Pocket your £200 John Lewis voucher
Add £10,000 or more to a new HL SIPP and you’ll get a £200 John Lewis e-voucher on us.
To qualify:
You must be an existing HL client and not already hold an HL SIPP.
Open your account with a cash payment or start your pension transfer by 10 December 2025.
If transferring, your pension must be received by us by 31 January 2026.
Need more time for your transfer to complete? Contact us for a transfer extension. You'll then have until 28 February 2026 to start your transfer and until 30 April 2026 for your transfer to complete.
We’ll email your voucher by 14 March 2026, or 10 June 2026 if you requested a transfer extension. See full terms
It’s free to transfer to us. Check for exit fees from your current provider and whether you’d lose any valuable benefits.
What should I check before transferring?
That you won’t lose any valuable benefits – some pensions have special guarantees or benefits that are lost if transferred, including guaranteed annuity rates, lower protected pension age and matching employer contributions.
If any exit costs apply – it’s free to transfer to HL and there’s no set up cost from our side, but your current provider may apply an exit fee.
If your investments can be transferred as they are – this only applies if you plan to move the investments in your pension without selling them.
Whether transferring is right for you – you can always ask us for financial advice.
How to transfer your pension to the HL SIPP
In most cases, you'll be able to do this by filling out a form online. You'll just need to confirm a few details, including the name of your current pension provider and account number.
You don't need to tell your current provider you're transferring - we'll do that for you.
During the application, you’ll be asked if you want to transfer your pension as cash or keep it invested.
You’ll also get the opportunity to pick new investments, including the HL Ready-Made Pension plan (a simple, managed option). We’ll place these deals for you once the transfer is complete, or you can make your selections later.
Once we’ve got your transfer details, we'll work with your current provider to move your pension to HL. If we need any more information from you, we’ll get in touch, and keep you updated as the transfer progresses.
No charge to transfer
FREE
We don't charge anything when you transfer your accounts to us, and you won't pay set up fees. Your current provider may charge exit fees, so check this first.
Our standard account charge is no more than 0.45%. Buying and selling funds is free. Other investment charges may still apply.
Award-winning service
Over 200 awards, including 'Best Investment App' and 'Best for Customer Service' for 2025.
Over 40 years experience
We’ve been helping people to save and invest for a better future since 1981.
Ready to help
Our UK-based team answers calls in under a minute and provides help and ongoing support 6 days a week.
The Ready-Made Pension Plan: Your simple investment solution
Transfer your pension and let HL’s experts take care of your investments.
This ready-made investment option is designed for those who want a straightforward investment choice, which automatically adjusts risk exposure in line with retirement age.
It’s designed to help grow your pension in the early years and aims to provide greater protection from market falls in the run-up to retirement.
Transfer to the UK's largest direct SIPP provider
Join over 550,000 SIPP clients who've taken control of their pension savings.
Discover why Holli transferred her pensions to HL
"Consolidating all my old pensions into the HL SIPP has made it much easier to manage my retirement savings."
Holli’s story – how HL’s SIPP helped self-employed Holli get all her pensions in one place
FAQs
Common questions about transferring pensions.
Yes, you may be able to transfer only part of your pension to HL. This is called a partial transfer. It allows you to move some of your pension from your current provider while keeping the rest where it is - so it can still receive contributions (if you or your employer want to continue paying into it).
However, not all providers offer partial transfers. Please check with your current provider before starting a transfer to HL.
You can transfer a defined benefit (DB) pension, such as a final salary scheme, into a personal pension like a SIPP - but it’s usually not recommended. DB pensions offer a guaranteed income and often include benefits for a spouse or partner after your death.
If the transfer value is more than £30,000, you must take advice from a regulated financial adviser. If you're transferring to HL, you’ll need to show that your adviser recommends the transfer.
For a defined benefit pension (like a final salary scheme), the transfer value - also called the cash equivalent transfer value - is the lump sum you’d get if you moved your pension to another provider. Keep in mind, transferring a DB pension usually means losing valuable guarantees and benefits.
For a defined contribution pension, the transfer value is usually an estimate. The final amount will depend on your investment value at the time of transfer.
Yes, if you're 55 or older (rising to 57 from 2028). Let us know before you transfer, and we’ll explain your options and send the right application forms.
Keep in mind, pension and tax rules can change, and benefits vary depending on your personal circumstances.
For help understanding your pension and withdrawal options, consider using the government’s free and impartial Pension Wise service.
There are no charges to transfer your HL SIPP as cash or stock, and no fee to close your account. However, dealing charges may apply if we need to sell your investments.
Before transferring, make sure:
You won’t lose any valuable benefits or guarantees.
You won’t face high set-up fees with your new provider.
You understand that selling your investments means being out of the market during the transfer. If markets rise, you could miss out on gains; if they fall, you could benefit.
If you transfer your HL SIPP to a non-mainstream provider, we may need more information for your protection, which could delay the process.
For more information please view our SIPP charges or call our Helpdesk on 0117 980 9926.
Watch out for pension scams. Always check that your new provider is genuine. Scammers target people looking to transfer or withdraw pensions, often with convincing but fake investment opportunities.
Warning signs include:
Cold calls, emails, or texts
Pressure to act quickly
Promises of guaranteed or unusual returns
Offers of free pension reviews or early access (usually not allowed before age 55)
These scams often involve unregulated firms, and if you fall victim, you may not be able to get your money back.
Learn more at www.fca.org.uk/scamsmart or visit HL’s Security Centre.
We've won over 200 awards for our services
