Transfer your pensions
Take control with it all in one place
Bring your pensions together with us
If you’ve got several pensions, it could make sense to bring everything together in one place you can trust. Even if the amounts are small, it all adds up.
Easier to manage
With your pensions combined, you can manage everything in one place
Better understanding
See the total value of your pensions at any time to help plan for the future
Look after your money
With several pensions it’s easy to lose track or forget about your hard-earned savings
If you already have a pension with us, you may be able to transfer straight into that. If you don’t, you’ll be able to open a new one and move your pension savings into it.
The value of your pension can go down as well as up and you may get back less than has been paid in. There's no guarantee you'll be any better off by transferring.
Is transferring right for you?
Deciding whether to move your pension can be a complex decision and transferring is not right for everyone. So you’ll need to ask yourself some important questions.
Does your pension have any special features?
You might find that your existing pension has valuable extra benefits or guarantees, which you'll lose if you transfer. So, please check your paperwork and, if you're not sure, talk to your current pension provider. Things to look out for include more than 25% tax-free cash, loyalty bonuses, enhanced life insurance or death benefits, early access to your money or pension, and a pension with a guaranteed income.
How do fees and charges compare?
Before moving your pension, compare your current fees and charges with ours. We work hard to keep ours as low as possible, but you should make sure it all adds up before making the move. You should also find out if there are any exit charges or any potential inheritance tax implications for moving your pension.
Our charges
We don’t charge you anything for opening and transferring to the Aviva Pension with the online investment service.
After you transfer to us, we make ongoing charges based on the total amount you have in your pension.
If you’re transferring to an older existing pension with us there may be a charge for transferring in, so please check when you get in touch.
It’s a good idea to compare the ongoing charges with what you’re currently paying before making any decision.
Reasons to transfer your pension to us
We can’t guarantee you’ll be better off by transferring a pension to us – as with any pension, the value can go down as well as up – but there are lots of reasons it could be a good move.
- No fee
Whether you want to move one or lots of pensions to a new Aviva Pension, we won’t charge you a thing for making the arrangements and setting it all up. There may be charges if you’re transferring into an older pension with us
- Easier to manage
You’ll be able to keep track of your retirement in one place, whether that’s keeping your details up-to-date or checking on the performance of your investments - Better understanding
Bringing your pensions together in one place gives you a clearer picture of what you’ve got. That can make it easier to keep track of your savings progress, as well as planning for your future
- Look after your money
Bringing old, smaller, or multiple pensions together means you’re not running the risk of losing touch with your hard-earned savings. And every little bit can add up to help give you the lifestyle you want in retirement - Invest for your future, your way
When you transfer to us, you can choose how your money is invested. You’ll find a range of options depending on how you’re most comfortable saving for your future. It’s your money, working the way you want it to
How it works
Whether you want to transfer into an existing pension you have with us, or you want to open a new Aviva Pension and transfer into that, we’re here to help.
Get in touch
You can either call us to talk about transferring to an existing pension with us, or apply to open and transfer to a new Aviva Pension online.
Leave it to us
Once you’ve provided the details of the pension you’d like to move to us, we’ll get in touch with your provider to make all arrangements for the transfer.
Pensions combined
Your pension is credited with the value of your old pension. It usually takes around 3 to 6 weeks from applying to seeing the money move across.
Before you apply to transfer
There are some pensions we won't accept for transfer and there are a few things you’ll need to consider before combining your pensions with us.
You won’t be able to move a:
- Defined contribution pension with a guaranteed annuity rate
- Defined contribution pension with any other safeguarded benefits or guarantees
- Defined benefit pension
- Pension you’ve already started taking an income from
You’ll need to be aware that:
- There may be a charge from your existing pension provider for leaving them
- During a transfer, your money will not be invested anywhere and you will not be impacted by any rise or fall in the value of investments during that time
Important documents for new customers
If you want to open a new Aviva Pension to transfer into, make sure you understand what it is and how it works.
We will always adhere to our 'best execution practices' as set out in our latest order execution policy (PDF 149 KB). What's more we also have a policy to prevent conflicts of interest (PDF 103 KB) that might affect your investment. And if there's ever one we can't prevent we promise to let you know.
Don't have an Aviva Pension
We'll open a new Aviva Pension for you and move your pension savings there.
Already have a pension with us?
To see if we're able to make transfers into your existing pension, please find your pension product and give us a call.
Looking for something else?
If you’re not sure that transferring your pension is right for you, or if you are looking for something else, we might be able to help.
Retirement articles
Take a look at our library of helpful articles and guides.
Thinking about taking an income from your personal or workplace pension?
We look at the things to consider before you take your money from your personal or workplace pension, including the potential impact of coronavirus on your pension fund.
Read more
The pandemic and your workplace pension
If you’re wondering what the coronavirus pandemic could mean for your workplace pension, read on.
Read more
Has lockdown affected your monthly budget?
Lockdown has brought many changes to our lives, but how has it changed your spending and saving habits?
Read more
Understanding your pension statement
What’s in your pension statement and how often is comes will all depend on the type of pension you have.
Get to know your statement
Pension scams to look out for
With so many scammers around, there are things you can look out for to keep your hard-earned pension money safe.
Spot the scams
Understanding inheritance tax
Planning what to leave your loved ones? See if you can reduce any inheritance tax that may be due.
Get to grips with inheritance tax
Are you paying more tax than you need to?
There are practical things you can do to reduce your tax bill to make year-end tax planning much less taxing.
Get tips on tax
Investing in property to fund retirement
Food for thought if you’re considering renting out a property to fund your retirement or you’re already a private landlord.
More on renting properties
Make the most of pension tax relief
See how to make the most of the tax relief you get from the government for paying into your pension.
Maximise your tax relief
How much income will you need?
When you’re retirement planning, having a clear idea about how much income you’ll need – and for how long – is key.
See how much you'll need
Moving your pension into one pot
Transferring all your pensions into one could save time and provide a clearer picture when you’re making retirement plans.
More on transferring your pension
From gardening to gin making
Read more
Financial tips for a golden gap year
See how to free up some cash so you can finally see those places you've only ever dreamed of visiting.
Use your pension to see the world
Three mental health problems most likely to affect retirees
Read more on the three mental health problems most likely to affect retirees and how to get help.
Look after your mental health
Staying healthy and active in retirement
This new-found spare time may leave you feeling anxious. But thinking how fill to your time shouldn’t be limiting, but limitless.
Tips on staying well
Volunteering in retirement
Giving something back can be rewarding. That’s why so many people choose to stop working and start volunteering instead.
See the value of volunteering