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Transfer your pension to a SIPP

Cash back Cash Back

Take control of your pensions

Make your pensions easier to manage & receive
cash back (terms & details below)

Transfer now

Please ensure you won't lose valuable guarantees,
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.

Investments can go down as well as up so there is always a danger that you could get back less than you invest. Nothing here is personalised advice, if unsure you should seek advice.

Reasons to transfer:

  • Easy to transfer - simple to transfer old pensions to a SIPP, making them easier to manage and giving them the best chance to grow.

  • We make it easy for you - manage your SIPP yourself online, by phone, post, or using one of our apps. Gain access to our free expert research, articles, tools and insights.

  • Great value - transferring to our Vantage SIPP means you benefit from our low costs. We don't charge for transferring in. See our charges.

  • Service on hand when you need it - our Pensions Helpdesk is open 6 days a week and here to help with any question, no matter how big or small. Calls answered on average in 11 seconds (April to June 2016). Contact us.

  • Choose from a wide range of investments - whether you're an experienced investor, just starting or want to leave it to an expert, we can offer the right investments for you. See where you can invest.

Transfer now

Receive £20 to £500 cash back

Transfer £5,000 or more by 16 December 2016 and we will pay you £20 to £500. The money is a thank you from us and won’t come from your account. The more you transfer, the more you receive - see below. Terms apply.

To qualify automatically you must apply by 16 December 2016. However, if you need more time to decide please let us know and we will extend your deadline by six months. To request more time simply call our Helpdesk on 0117 980 9926 or email with your full name and address.

You will receive your cash back after the offer closes and all your transfers complete. All we ask is you keep your account with us for at least a year. We may ask you to repay the cash back if you transfer away or close your account within that time.

ISAs, funds and shares transferred to the Vantage Service also qualify for cash back. Certificated share transfers do not qualify for cash back.

You transfer We pay you
£5,000 - £24,999 £20
£25,000 - £49,999 £50
£50,000 - £99,999 £100
£100,000 - £149,999 £250
£150,000+ £500

Which pensions can you transfer?

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:

  • Personal and stakeholder pensions
  • Retirement Annuity Contracts (RACs)
  • Other SIPPs
  • Most Additional Voluntary Contribution plans (AVCs) including Free Standing AVCs
  • Executive Pension Plans (EPPs)
  • Most paid-up occupational money purchase pensions
  • Old protected rights pensions accrued from contracting out of the State Second Pension or SERPS (State Earnings Related Pension)
  • Pensions in drawdown

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.

What should you consider when transferring pensions?

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. Please also ensure you won't lose any valuable guarantees or benefits or incur excessive exit fees.

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.

How to transfer your pension to a SIPP in three simple steps:

  1. Download a short transfer form and send it to our freepost address. If you already have an account with us, you can apply to transfer online.

  2. We’ll contact your current provider and organise the transfer with them. Most transfers require no further paperwork and take just nine working days on average.

  3. We’ll update you throughout and let you know when the transfer completes.

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.

99.6% of clients find transferring easy or very easy.

Source: HL survey, February 2016, 233 responses