when you transfer pensions to the Vantage SIPP
by 5 November.
Please ensure you won’t lose valuable guarantees or benefits or incur excessive exit fees
If you're happy making your own investment decisions and you want to take control of your pensions, transferring them to the Vantage SIPP is easy - we'll do all the legwork for you. Before transferring, please ensure you won’t lose any valuable guarantees or benefits or incur excessive exit fees.
The more you transfer, the larger the cheque:
|You Transfer||We pay you|
|£250,000 - £499,999||£500|
|£100,000 - £249,999||£250|
|£50,000 - £99,999||£100|
|£25,000 - £49,999||£75|
|£10,000 - £24,999||£50|
|£5,000 - £9,999||£20|
The offer must close on 5 November, so if you wish to transfer please act now to ensure you qualify. You must use a qualifying form to receive cash back.Transfer now and receive up to £1,000 cash back
You can transfer most types of pension to the Vantage SIPP (the total combined value of pensions being transferred must be £1,000 or more), normally without needing advice. These include:
If you have a final salary pension, or another type not listed above, please call our Pensions Helpdesk on 0117 980 9926 for more information.
Simply fill in a two-minute transfer form and return it to us at the FREEPOST address on the form. We will then arrange the transfer for you and let you know when you can start enjoying the freedom of managing your SIPP. Before you transfer, please ensure you have read and understood the Vantage SIPP Key Features (including the Transfer Checklist and Common Transfer Declaration), Terms & Conditions and Important Investment Notes.
You should also check whether benefits such as your tax-free cash entitlement are comparable with those offered by your existing pension and make sure you are aware of any penalties you may be charged, or any bonuses or guarantees you may lose by transferring.
Unsure where to invest? The Vantage SIPP lets you choose your own investments but there's no need to choose today - we will transfer your pension as cash so you can decide when the transfer completes. This means it will be unaffected by stock market rises or falls during this period.
A SIPP is a type of pension for people happy to make their own investment decisions. Investments go down in value as well as up so you could get back less than you invest. The rules mentioned are those currently applying and could change in the future. You can normally only access the money from age 55. Tax reliefs depend on your circumstances. This website is not personal advice, if you are unsure an investment is right for you, please seek advice.
Graham Houghton (54) from Somerset recently transferred a stakeholder pension, which contained protected rights, to the low cost Vantage SIPP.
"I've held ISAs with Hargreaves Lansdown for several years, as do my wife and children. The level of service I’ve received and quality of administration prompted me to transfer my pension to the Vantage SIPP.
Holding everything under one roof saves valuable time and makes managing them much easier. It’s also a relief to receive paperwork from just one company. Switching my pension to the Vantage SIPP has given me more control over where it’s invested.
As I’m getting closer to retirement I wanted to diversify the investments in my pension, to help manage the risk. Investment choice was limited in my stakeholder pension and I felt the life-styling option was restrictive. The Vantage SIPP gives me much more choice, allowing me to hold a good spread of investments. I hold funds which invest in UK shares, emerging markets and corporate bonds. The Hargreaves Lansdown website is full of information to help me find the best investments.
Applying presented no problems and my transfer ran very smoothly. I’ve read how other investors are happy with the service from Hargreaves Lansdown, and it’s true - I’m more than happy with the way things are going and the underlying service has been great.
Switching to the Vantage SIPP has also helped me keep a closer eye on my pension. With my stakeholder I would typically just look at the statements that arrived in the post. Now I regularly view my SIPP online to see how the funds are performing."