Transferring pensions couldn’t be easier
Make life simpler, today and when
you retire, by bringing all your pensions together in one place.
Simple steps to bring all your pensions together
How to transfer
You’ll first need to sign up or log on to the Investment Hub.
Step 1
Let us know about all the companies you have a pension with that you want to transfer.
Step 2
Our teams will then manage the next steps and keep you up-to-date while managing the transfers for you.
Step 3
Once that’s all done, you’ll be able to see all your existing pensions and how much money you have in the Investment Hub.
A few things to consider
Some pensions come with valuable benefits or guarantees which you'll lose if you transfer. You should always check before transferring.
We won’t charge you to transfer your pension to us. However, your existing pension provider might have an exit charge. Be sure to check with them first.
Before transferring your pension, compare your current fees and charges with our pension costs, to make sure you’re financially better off.
You should always check your pensions details before transferring
As with all investments, your capital is at risk, and you may get back less than you invest. Investments should be held for the medium to long term (5+ years).
You normally can't take your pension savings until the minimum pension age has been reached. You are free to transfer to another provider at any time.
The tax treatment of your investment depends on your individual circumstances and may be subject to change in the future.
Useful information
There’s no fixed amount of time we give to complete pension transfers.
However, if you’re transferring cash, it usually takes around 3 to 6 weeks from applying to it being in your Santander Personal Pension.
If you’re transferring investments without selling them, it usually takes a little longer.
We’ll always keep you updated so you know where we are with transferring your pensions.
All pensions must come from a UK registered pension scheme.
We can’t transfer any pensions that include the below.
- Safeguarded benefits, including final salary (known as defined benefits).
- Guaranteed Minimum Pension (GMP).
- Guaranteed annuity rates.
- Drawdown pensions arrangement
And if you're a member of your employer pension scheme, any employer payments paid for you will stop if you transfer it.
You should check with each of your existing providers before you start a transfer to see if any of these apply to you.
Sorry, we’re not able to accept pensions where benefits have already been paid from your existing pension scheme.
Why invest with Santander?
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people choose to invest with us
£6.4 billion
invested using the Investment Hub
Around 850
funds available on the Investment Hub
25+ years
experience providing investments