Transfer a pension
Why transfer pensions to the HL SIPP?
Award-winning app
See your overall pension value in one place, alongside your ISAs and investments. Check your account whenever you like, online and with the HL app.
Ready-made pension plan
A simple investment solution designed exclusively for the HL Self-Invested Personal Pension (SIPP) and managed by experts.
Value for money
Get the latest investment news, research and insight, with no set up, transfer, or withdrawal fee. The HL annual account charge is never more than 0.45%. Some investments may have their own charges. See full list of charges.
More choice
You’re free to choose from funds, shares, investment trusts and more to match your goals. Plus, access to all the main pension income options at retirement.
What to check before a pension transfer
- Ask your current provider if you'll need to pay any exit fees
- Check you won't be forfeiting any valuable benefits or guarantees
- Make sure that all your personal details (including current name and address) are up to date with your existing provider
- Find out if your pension will be transferred as cash or stock (you might not have a choice)
How to transfer a pension
The fastest way to transfer a pension to the HL Self-Invested Personal Pension (SIPP) is online. Alternatively, you can transfer by post.
The fastest way to transfer a pension to your HL SIPP is online. Alternatively, you can transfer by post.
1. Complete a transfer application
If you’re not already an HL client, you’ll be asked to
create an account online.
As part of this process, you’ll need to read
through our Terms & Conditions (including charges) and Key Features (including the
Transfer Checklist and Common Transfer Declaration).
As part of the transfer application process, you’ll be
asked to read through our Key
Features (including the Transfer Checklist and Common Transfer Declaration).
2. Let us take care of the rest
We’ll contact your current pension provider and start
your transfer, and keep you
updated along the way.
You’ll receive your HL client number in the post.
We’ll contact your current pension provider and start
your transfer. We’ll also keep you
updated along the way and let you know when your transfer is complete.
3. Transfer complete
Your pension pots will be combined with your existing SIPP account. You’ll keep the same client number and log in details (if you have online access). We’ll let you know once your transfer is complete.
Please note: While your transfer is taking place, it’s unlikely you’ll be able to make changes to your investments. This can mean missing opportunities to buy or sell. If your investments are sold and transferred as cash, you’ll be out of the market until your transfer completes. If markets fall, this will work in your favour. But if markets rise, you’ll miss out on those potential gains.
Most common companies to transfer from
See why Holli transferred to the HL SIPP
Holli is self-employed and recently transferred her old pensions to an HL SIPP to help her save for retirement. See Holli's full story
How to find a lost pension
To make sure you don't lose out, we're urging investors to check the whereabouts of all their pensions and claim back any that have been misplaced.
If you've moved jobs or changed address, you could have an old pension waiting to be found.
Pension transfer FAQs
Pension essentials
6 pensions you shouldn't transfer
Some pensions are typically better off left where they are. We explain what kind of pensions these are likely to be and how to find out if you have one.
Should I transfer my pension?
We explore whether transferring a pension could be the right choice for you and outline the steps involved.
Boring Money Awards 2024
Boring Money Awards 2024
The Personal Finance Awards 22/23
Help and support
If you have any questions about transferring a pension, you can speak to one of our UK-based client support experts.
Call us on 0117 980 9926
Switch your pension on
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