Transferring your existing pension benefits

Transferring your existing pension benefits 

Most SIPPs can accept transfers from other registered pension schemes.

By consolidating your existing pension funds in one place, you can take full advantage of the investment control offered by your SIPP. You can also arrange to take the benefits and income in a way that best suits your circumstances.

For more information contact your SIPP provider

Points you should consider before transferring

When thinking about a transfer, you should consider the benefits that you may be giving up.  If you are unsure whether transferring an existing pension fund is a good idea, you should seek financial advice.

If you transfer any benefits to a SIPP you do so at your own risk.  It is important that you speak to your existing provider before making any transfer applications.  Transfers of existing pension benefits may incur transfer charges and could also result in your investments not being fully invested during the transfer period.

How can I invest?
There are a number of ways you can invest in a SIPP:

Make contributions yourself

Transfer shares from a company share scheme

Have your employer make pension contributions