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SIPP Pension Transfer

ii SIPP

Transfer my pension

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

how to transfer   open a SIPP

Why transfer to the ii SIPP?

✔  Retire with up to £94,000 more thanks to our low, flat fees. Take more of what you earn into retirement by paying less in charges at ii.*

✔  There's no fee to transfer in, and it's free to leave.

✔  Choose from more than 40,000 UK and global investment options – including funds, trusts and ETFs.

✔  Flexible pension drawdown options available

✔  Combine old pensions for simpler retirement planning

quote Having everything under one roof makes things much easier, as I no longer have to deal with multiple providers.
Read Jessica's story »

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.

Download our ii SIPP Transfer In Guide (PDF)

1

Open an ii SIPP account

It only takes a few minutes.

open a SIPP

2

Start your transfer online

You can do this later if you want.

log in & transfer

3

We will do the rest...

including working with your current providers. We will update you regularly.

SIPP transfer FAQs

Transferring your pension as a cash payment usually takes 2 to 6 weeks to complete. If you’d like to transfer in your existing investments then the transfer will take longer - typically 8 to 12 weeks, depending on the type of investments you hold. 

For cash transfers, stocks must be sold before making the transfer. Timings also depend on how quickly your current provider works with us to arrange your transfer.

Here are some things your current provider may want to know:

  • What is the SIPP pension scheme reference number?
    0083 5804 RJ
  • Is the SIPP a registered pension scheme under the Finance Act 2004? 
    Yes
  • Who is the scheme provider?
    Interactive Investor Services Ltd
  • What is the address of the scheme provider?
    Exchange Court, Duncombe Street, Leeds, LS1 4AX
  • Who is the scheme's authorised practitioner/administrator?
    BW SIPP LLP
  • What is the address of the scheme administrator?
    163 West George St, Glasgow, G2 2JJ
  • Who is the scheme trustee? 
    Investor SIPP Trustees Ltd (company no. 10670459)
  • What are the transfer cheque payee details? 
    Investor SIPP Trustees Ltd "re YOUR NAME"

Some pension providers may ask you to return your original policy document to them or include a written declaration with your transfer application if you’re unable to find your documentation.

  • Personal Pension Plans
  • Pensions in drawdown
  • Other SIPPs
  • Executive Pension Plans
  • Defined Benefit Occupational Pension Schemes
  • Free Standing Additional Voluntary Contributions (FSAVCs)
  • Small Self-Administered Schemes (SASS)
  • Stakeholder pension plans
  • Occupational Money Purchase Schemes
  • Retirement Annuity Plans
  • Recognised Overseas Pension schemes

Before you decide to transfer a SIPP to us, it's important that you make sure it's right for you. You should ensure that you won't lose any valuable benefits, such as safeguarded benefits, guarantees or bonuses. You should also find out what your exit fees will be before starting. 

If you're unsure, we recommend seeking the advice of a qualified financial adviser.

Yes - you can transfer an existing SIPP into an ii SIPP - the same way you'd transfer another pension.

To start, you will need to open an ii SIPP account. You can either start your SIPP transfer while opening an account, or you can do it later by logging in to your online account. 

Once the transfer process has started, we will keep you up-to-date with progress.

Yes, a personal pension is one of the pension types you can transfer to an ii SIPP. 

Are your old pension providers keeping you in the dark about fees? Find out more

SIPP fees and charges

With our SIPP you’ll pay a low, flat fee. Most providers charge percentage fees that grow with your pension value.

Richard Wilson, CEO, interactive investor says:

quotemark
4 out of 5 pensions transferred to ii come from the major pension and life companies. Those companies tend to have complex and opaque charges, and hope their customers won’t notice when they are being quietly ripped off. Our customers won’t fall for that. They want a simple, transparent service where they have full control of their financial future.
quotemark

Open a SIPP by 31 December and pay no SIPP fee until July 2021.

This means your service plan fee of £9.99 covers you for all of your investment accounts. Following the offer period, the ii SIPP fee is only £10 a month more, and could save thousands compared to other pension providers who charge a percentage fee.  Terms apply

open a SIPP

The ii SIPP is aimed at clients who have sufficient knowledge and experience of investing to make their own investment decisions and want to actively manage their investments. A SIPP is not suitable for every investor. Other types of pensions may be more appropriate. The value of investments made within a SIPP can fall as well as rise and you may end up with a fund at retirement that’s worth less than you invested. You can normally only access the money from age 55 (age 57 from 2028). Prior to making any decision about the suitability of a SIPP, or transferring any existing pension plan(s) into a SIPP we recommend that you seek the advice of a suitably qualified financial adviser. Please note the tax treatment of these products depends on the individual circumstances of each customer and may be subject to change in future.

* Independent research

Independent research by the Lang Cat: To see how investing with our fair flat fees over 30 years in a SIPP compares with other providers, the Lang Cat used: the average SIPP balance and typical contribution amounts seen with existing ii investors; Fund trades: one buy and one sell each year into funds, with 100% of portfolio is assumed to be invested in funds (Open Ended Investment Companies); a 5% annual return in the portfolio; 0.66% average OCF applied to all companies listed. More details

Promotional SIPP offer terms and conditions

  1. No SIPP fee shall be payable on all new ii SIPP accounts opened on or after 1 October 2020 for six calendar months (the "Fee Free Period"). After the Fee Free Period has ended, the SIPP fee you will be required to pay will be as set out in our then current Rates and Charges.
  2. The Fee Free Period is open to new and existing customers who open a new ii SIPP account on or after the qualifying date.
  3. These terms and conditions should be read in conjunction with the ii SIPP Terms. In the event of a conflict between these terms and conditions and the ii SIPP Terms, these terms shall prevail.
  4. All other fees associated with managing your ii SIPP account shall continue to apply.
  5. We reserve the right to alter, withdraw or amend the Fee Free Period and/or these terms and conditions at any time without prior notice.
  6. All participants opening an ii SIPP account on or after 1 October 2020 agree to be bound by these terms and conditions.
  7. Interactive Investor Services Limited (“IISL”) is the promoter of this Fee Free Period offer. The registered office for IISL is Exchange Court, Duncombe Street, Leeds LS1 4AX.