Interactive Investor

Transfer my pension

Switch your pension to our low-cost SIPP and you could have thousands more in retirement.

Take retirement into your hands

Please remember, SIPPs are aimed at people happy to make their own investment decisions. Investment value can go up or down and you could get back less than you invest. You can normally only access the money from age 55 (57 from 2028). We recommend seeking advice from a suitably qualified financial advisor before making any decisions. Pension and tax rules depend on your circumstances and may change in future.

How to transfer your pension to our SIPP

You will need your National Insurance number and details of the pension(s) you want to transfer.

Follow our SIPP transfer step-by-step guide (PDF).


Open an ii SIPP account

It only takes a few minutes.


Start your transfer online

You can do this while opening an account - or you can log in and transfer at any time.


We will do the rest

We'll work with your current providers and keep you updated.

Things to consider before you transfer

Please check that you won’t lose any safeguarded benefits if you transfer. This could include guaranteed annuity rates or lower protected pension age than the Normal Minimum Pension Age (rising from 55 to 57 in 2028). Please also check any transfer-out fees.

Please note that if you plan to hold both drawdown and non-drawdown pots in your ii SIPP, you cannot allocate specific investments to each pot separately. This means that the value of each pot will change in line with the overall performance of all the investments held in your SIPP. 

Useful information about your transfer

Why transfer your pension to the ii SIPP?

  • Low cost - we charge a low, flat fee. Most providers charge a percentage fee that grows with your pension. Learn more
  • Convenience - if you transfer your other pensions to our SIPP, you'll be able to see everything in one place, and pay just one monthly fee. Learn more
  • Choice - we offer the widest choice of investments on the market.
  • Flexible retirement options - when you reach 55 (57 from 2028), we provide a range of options for taking an income from your pension. Unlike many other providers, there is no extra charge for this. Learn more
  • Security - your pension is safe with us. Your money is always kept separate from our own, and we are fully FSCS protected. Over 400,000 people trust us with their pensions and other investments.

Combining your pensions into a SIPP can make admin easier, as you won’t have to deal with lots of different providers from former workplace schemes. Plus, a SIPP offers a wide choice of investments, if you want more control over where your money is invested than you typically have with traditional pensions.

Our low, flat fees can also add up to a lot of savings in the long run. However, it’s important that you check whether you would lose any safeguarded benefits or pay any additional fees before moving your pension, as well as the level of your current monthly fees.

SIPP fees and charges

Our pension (SIPP) costs £10 a month, plus £9.99 a month service plan fee (£19.99 a month in total).

There is no transfer-in fee. Please check for any exit fees from your current provider(s).

  • You can contribute as little as £25 a month with our regular investing service. There are no investing fees when you contribute this way.
  • If you want to buy or sell shares and funds, your first monthly trade is free. After that, trades usually cost £7.99. 
  • Your monthly fee also includes our Stocks and Shares ISA and general Trading Account - so you can take control of your other investments too.
  • There are some activity based-fees for things like foreign currency exchange. View our charges page for a full list.

*Analysis shows you could be better off by £94k over 30 years of investing in an ii SIPP due to our low flat fees. This is just for illustration if all other factors were the same. The advantage of lower flat fees over time means that you could be significantly better off in the long run. By how much will always depend on your personal circumstances. More about our analysis

Open a SIPP by 31 January and pay no SIPP fee until August 2022 – saving you £60. Then just £10 a month extra. Terms apply