Transfer for income drawdown

Before you invest

To transfer in and set up a new Aviva Pension, you'll need to be eligible. There are also some important things to be consider when transferring.

You can open an account if:

  • You're aged 18 or over
  • You're a permanent resident in the UK or you or your spouse or civil partner work overseas for the UK Government

You'll need to:

  • Transfer a minimum of £5,000, or £1,000 if you are making regular payments of at least £25 a month
  • Understand that the value of your investment can go down as well as up and you could get back less than has been paid in
  • Understand your cash won't be invested when we're processing your transfers so won't be affected by any rise or fall in value during that time, but any unit transfers will remain invested so will continue to be affected by changes in the investment value
  • Understand any special guarantees or benefits you might lose by transferring
  • Understand your current provider might not take your pension pot back if you change your mind about transferring
  • Be comfortable managing your account and investments online

If you're looking to invest in shares or other exchange traded investments, you'll be able to do this from any available cash once your account is open, rather than selecting your investments as part of your account opening application. Find out more about the main risks of investing in shares and other exchange traded investments by reading our important information for investors (PDF 56 KB).

By applying for this product, you’re confirming that you have read the important policy documents and our Fair Processing Notice (PDF 73 KB), which explains your data rights.