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cash back (terms & details below)
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 email@example.com 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|
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.
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.
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.
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.
Source: HL survey, February 2016, 233 responses