Transfer a pension
Transferring pensions into the Best SIPP
Transferring pensions into the Best SIPP can give you more control over your retirement investments. If you don’t already have a Best SIPP, the minimum combined value of pensions you are transferring (together with any new contributions) must be £10,000. Simply complete the form below to download the necessary paperwork and start the pension transfer.
Frequently asked questions
Which pensions can I transfer to Bestinvest?
Can I transfer a defined benefit or final salary pension?
How long does a pension transfer take?
What do I need to consider before starting a pension transfer?
- Will I lose any valuable benefits from my existing pension plan?
- Will I incur any penalties on my existing pension if I transfer it?
- Have I considered the charges on my current plan?
Will it cost me anything to transfer my pensions to Bestinvest?
*Exit fees may apply if you leave Bestinvest.
Before you consider transferring a pension, it is important to ask yourself: Will I lose any valuable benefits or features from my existing pension plan? Will I incur any penalties on my existing pension if I transfer? Is it an occupational final salary pension scheme? (in which case it is very unlikely to be advisable to transfer) Have I considered the charges on my current plan? (a new arrangement may be more expensive – especially if you have a stakeholder pension).
SIPPs are not suitable for everyone. If you don’t want to invest across different asset classes or don’t think you will make use of the investment choices that SIPPs give you then a SIPP might not be right for you. Self-directed investors should regularly review their SIPP portfolio, or seek professional advice, to ensure that the underlying investments remain in line with their pension objectives.