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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?

✔  Our low, flat fee could give you £20,000 more in retirement, compared with other SIPP providers.*

✔  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.

  • Your £9.99 service plan fee gives you access to the widest range of investments on the market.
  • The SIPP fee is just £10 a month extra, bringing the total cost to £19.99 per month.
  • SIPP customers can add a  Stocks & Shares ISATrading Account and Junior ISA at no extra cost.
  • Once you start drawing from your pension, there is an additional £10 drawdown fee. We are removing this fee from 1 October 2020.
  • We give you a free trade every month, and there are no trading fees with our regular investing service.

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

Transfer to our SIPP by 30 September 2020 and pay no SIPP fee until April 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.