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Transfer your pension to a SIPP

Transfer to Vantage

Give your pension a better chance to grow

Enjoy control, wide investment choice and low costs - voted 'Best SIPP Provider' nine years running.

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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.

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

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 a pension

Simply fill in a two-minute pension transfer form and return it to us at the FREEPOST address on the form. Or apply to transfer online if you already have an online account with us. We will then arrange the transfer for you and let you know when you can start enjoying the freedom of managing your SIPP. Most pensions are transferred electronically, taking just 9 working days on average.

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

Important information

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 (57 from 2028). 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.

Win what you invest Win what you invest Five chances to win up to £10,000. Open, top up or transfer to a SIPP to be entered into our prize draw. Act by 31 August. Terms apply

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0117 980 9926

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