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Transfer a pension

Important information - If you’re thinking about transferring a pension, check you won't lose valuable guarantees or benefits or have to pay excessive exit fees. This website isn’t personal advice, if you’re not sure what’s right for you, please seek financial advice. Investments go down in value as well as up so you could get back less than you invest. You can normally only access the money in a pension from age 55 (rising to 57 from 2028). Pension and tax rules can change and benefits depend on your circumstances.

Why transfer pensions to the HL SIPP?

 Award-winning app

See your overall pension value in one place, alongside your ISAs and investments. Check your account whenever you like, online and with the HL app.

 Ready-made pension plan

A simple investment solution designed exclusively for the HL Self-Invested Personal Pension (SIPP) and managed by experts.

 Value for money

Get the latest investment news, research and insight, with no set up, transfer, or withdrawal fee. The HL annual account charge is never more than 0.45%. Some investments may have their own charges. See full list of charges.

 More choice

You’re free to choose from funds, shares, investment trusts and more to match your goals. Plus, access to all the main pension income options at retirement.

What to check before a pension transfer

  • Ask your current provider if you'll need to pay any exit fees
  • Check you won't be forfeiting any valuable benefits or guarantees
  • Make sure that all your personal details (including current name and address) are up to date with your existing provider
  • Find out if your pension will be transferred as cash or stock (you might not have a choice)

How to transfer a pension

The fastest way to transfer a pension to the HL Self-Invested Personal Pension (SIPP) is online. Alternatively, you can transfer by post.

The fastest way to transfer a pension to your HL SIPP is online. Alternatively, you can transfer by post.

1. Complete a transfer application

If you’re not already an HL client, you’ll be asked to create an account online.

As part of this process, you’ll need to read through our Terms & Conditions (including charges) and Key Features (including the Transfer Checklist and Common Transfer Declaration).
As part of the transfer application process, you’ll be asked to read through our Key Features (including the Transfer Checklist and Common Transfer Declaration).

2. Let us take care of the rest

We’ll contact your current pension provider and start your transfer, and keep you updated along the way.

You’ll receive your HL client number in the post.
We’ll contact your current pension provider and start your transfer. We’ll also keep you updated along the way and let you know when your transfer is complete.

3. Transfer complete

Your pension pots will be combined with your existing SIPP account. You’ll keep the same client number and log in details (if you have online access). We’ll let you know once your transfer is complete.

Please note: While your transfer is taking place, it’s unlikely you’ll be able to make changes to your investments. This can mean missing opportunities to buy or sell. If your investments are sold and transferred as cash, you’ll be out of the market until your transfer completes. If markets fall, this will work in your favour. But if markets rise, you’ll miss out on those potential gains.

Start my online transfer


Why transfer to HL?

Holli, age 33, is self-employed and recently transferred her old pensions to an HL SIPP to help her save for retirement. Read Holli's full story

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Having my pensions and investments in one place is like a dream. I only have to log in once.

Haydn transferred his pensions to HL to make managing his money easier.

Read Haydn's full story

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How to find a lost pension

To make sure you don't lose out, we're urging investors to check the whereabouts of all their pensions and claim back any that have been misplaced.

If you've moved jobs or changed address, you could have an old pension waiting to be found.

How to find lost pensions

Pension transfer FAQs

Pension essentials

6 pensions you shouldn't transfer

Some pensions are typically better off left where they are. We explain what kind of pensions these are likely to be and how to find out if you have one.

Read article

Should I transfer my pension?

We explore whether transferring a pension could be the right choice for you and outline the steps involved.

Read article

Guide to transferring a pension

Read more about transferring at your own leisure

Download the guide

Switch your pension on

Helping people save and invest for over 40 years

Trusted by 1.8 million clients

We’re a financially secure FTSE-listed company, authorised by the Financial Conduct Authority. And have won over 200 awards.

Expert knowledge and guidance

Get the latest investment news, research and insight. Plus tools to help you make decisions with confidence.

Ongoing support

Help from our UK-based client support team. Or personal financial advice from our highly qualified experts.

I can speak to someone on the phone and everything is explained in a very helpful and easy to understand way.

MR HARLEY

Best Buy Pension 2023
Best Buy Pension
Boring Money Awards 2023
Best Buy Pension 2022
Best Buy Pension
Boring Money Awards 2022
Investing & Pensions Gold Award 2022
Investing & Pensions Gold Award
The Times Money Mentor 2022

Help and support

If you have any questions about transferring a pension, you can speak to one of our UK-based client support experts.

Call us on 0117 980 9926

Read our FAQs

Email us