Open or transfer an ISA or Pension to Wealthify, and you could get between £50 - £500 cashback when you invest a minimum of £1,000. Registration ends 20th May. New customers only. T&Cs apply. Capital at risk. Find out more.

PENSION TRANSFER

Things to think about before transferring your pension to Wealthify.

• Whilst we keep our costs as low as possible, you should compare your current fees and charges with our pension costs to understand any differences, checking that everything makes financial sense for you before transferring.

• We won’t charge you if you transfer your pension to us. However, your existing pension provider might have an exit charge.

• Our investment experts will manage your Plan for you, taking the hassle out of saving for retirement. However, there are never any guarantees about how investments will perform.

• By combining two or more pensions, you're not guaranteed more money in retirement than you would if you kept them separate. However, by combining your pensions, you could save money on multiple fees.

• You can't transfer a pension to us that has safeguarded benefits or guarantees, which might include defined benefit pensions, defined contribution pensions with a guaranteed income, or benefits such as getting more than 25% of your cash tax-free. We also can't accept a transfer if you’re already taking an income from it. For other pensions, you should consider whether you may lose any valuable features, such as loyalty bonuses.

• Your pension will be transferred as cash only so the existing investments will need to be sold first, meaning for a period of time your pension will not be invested and you’ll be ‘out of the market’ while the transfer takes place.

With investing, your capital is at risk. The tax treatment of your investment will depend on your individual circumstances and may change in the future.

Secure

Your log-in details will be kept secure and never shared with anybody else.

Supported

Our award-winning Customer Care team are happy to help via Live Chat, or on 0800 802 1800.

STRENGTH

Wealthify is owned and backed by Aviva: one of the UK's largest financial institutions.

WHY TRANSFER YOUR PENSIONS TO WEALTHIFY?

Hassle-free transfer: all you need to do is just tell us a few basic details about the pension you'd like to transfer to us, then we'll do the rest for you.
Low fees: we charge a simple annual management fee of 0.6%, but don't charge you to deposit or withdraw money, transfer or close your Plan.
No investing experience needed: our investment experts set up and manage your pensions for you, making sure you're on track to reach your retirement goals.
Risk levels that suit you: we build your Pension Plan based on your attitude to risk, with five different risk levels available, from Cautious to Adventurous.
Ethical Plans: transfer your pensions to us and invest in organisations committed to having a positive impact on society and the environment.
Instant government top-up: Wealthify automatically adds the 25% government top-up to all contributions you make to your transferred pension, giving you one less thing to worry about.
All your pensions in one place: you can do this by consolidating pensions.

HOW TO TRANSFER YOUR PENSION

SET UP YOUR ACCOUNT

Use our simple Pension Plan creator to see how much your pension could be worth when you reach your retirement age. Tell us a few details about yourself to help us create your account. We will help assess your suitable risk level based off a few suitability questions.

ENTER PENSION DETAILS

We will need your existing pension provider name, account reference number, and the approximate value of your pension.

You can transfer one at a time, or add multiple if you are looking to consolidate pensions.

LEAVE IT TO US

Simply authorise the pension transfer to allow us to contact your existing pension provider, to transfer your pension's current cash value ready for us to invest into your new Wealthify Pension Plan. The transfer process usually takes 2-6 weeks.

WANT TO COMBINE MULTIPLE PENSIONS?

You may have several pensions with different providers, which can happen when you change jobs and leave an old workplace behind. Combining these old pensions together with one provider is known as pension consolidation.

Consolidating all your pensions can help give you more control over your retirement, by making it easier to keep track of your pension pot. Different providers have their own rules and fees, so having all your pensions together in one place can make it easier to manage.

Thankfully, combining your pensions with Wealthify is easy! Just let us know which pensions you want to combine, and we'll bring them all together into your Wealthify Pension. (Yes, it really is as straightforward as that!)

With investing, your capital is at risk. The tax treatment of your investment will depend on your individual circumstances and may change in the future.

PENSIONS TIPS AND INSIGHTS

"When we’re younger, most people don’t give much thought to pensions and retirement. Stop and think though, because a pension is an investment in YOUR future self to live the lifestyle YOU want beyond work. It’s your reward for a lifetime of effort and discipline — your financial freedom in later life.

The great thing about investing in a pension early, is time. Time is your friend, as it allows your pension plan to navigate the inevitable highs and lows of the stock market, giving it a long enough to benefit from the magic of compounding, too. Crucially, time unlocks the key to successful investing: staying the course and staying invested in the market.

So, with that in mind: start early, pay yourself first — and retire on your terms."

Colleen McHugh, Chief Investment Officer @ Wealthify

Blogs and articles

Read the latest from our experts to help you understand pensions, including how to find a lost one — and why having them all in one place could be right for you.

HOW YOUR PENSION IS INVESTED

We use mostly low-cost passive investments, such as ETFs and mutual funds. These let your money track a mix of whole markets like the FTSE100 and are proven to be more effective long-term than an active investment strategy. Our portfolios contain a mix of shares, bonds, commodities and other investments, which our experts optimise to keep your Plan on track and rebalance to keep in line with your chosen risk level.

STRENGTH IN DEPTH

Wealthify is backed by Aviva, one of the UK’s largest financial services institutions which has looked after British consumers for more than 300 years.

We operate independently of Aviva, which means you get the best innovation in smart simple investing together with the security of knowing that we’re here to stay and operate to the highest standards.

Being part of the Aviva group of companies allows us to develop our business, but at an accelerated pace and with greater confidence.

PENSION TRANSFER FAQS

Transferring your old pensions is easier than you might think – all we need to know is who your old providers are, reference numbers, an estimated value, and your permission to get in touch with your old providers regarding your pensions.

You can usually find this information on your latest pension statement. We’ll do the rest and consolidate them into your Wealthify Pension. If you’re an existing customer, simply head to your Dashboard and use the ‘transfer in’ button on your home screen.

No, it is free to transfer your pension(s) into Wealthify. Your old provider may charge exit fees or transfer fees, so you may want to check this with them before you go ahead.

You can transfer in most types of pensions, although there are exceptions. For example, the government doesn’t allow the transfer of a public service pension. Similarly, if your pension has defined benefits – such as guaranteed annuity rates or a final salary promise – then we won’t be able to accept this, so please check before requesting a transfer. We also cannot accept a transfer if you’re already taking an income from it.

In the majority of cases, no. We can begin a pension transfer on your behalf without you needing to do anything. However, things happen, and if your old provider objects or needs further confirmation, then we’ll get in touch to let you know what’s needed.

We don’t charge you anything to transfer, but your old provider may charge exit fees or transfer fees, so you may want to check this with them before you go ahead.

No, unfortunately, we’re not able to accept pensions that are already in payment or if you’ve already taken income from.