Combine your pensions

Take control with it all in one place

Download guide to combining pensions

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, or if you’re looking to upgrade your pension, you’ll be able to open a new self invested personal pension 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 combine your pensions can be a complex decision and is not 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, or 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.

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.

After you transfer to us, we make ongoing charges based on the total amount you have in your pension. It’s a good idea to compare the ongoing charges with what you’re currently paying before making any decision.

Reasons to combine your pensions with us

We can’t guarantee you’ll be better off by transferring your pensions 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.

  • Invest for your future, your way
    With our online investment service you can choose from a wide range of investments, including responsible funds, and find the tools you need to manage your account directly. Find out more about our online investment service
  • 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
  • Transfer investments
    You can transfer from an existing pension either in cash where value will be stable or by transferring your existing funds as unit transfers so they remain invested in the market. This means you will still be impacted by any rise or falls of the value of your investments whilst the transfer takes place. You will not be able to trade these funds while transfer is taking place

How it works

Whether you want to consolidate into an existing pension you have with us, or you want to combine your existing pensions in a new Aviva Pension, we are here to help.

Step 1

Apply online

You can apply to open and transfer to a new self-invested Aviva Pension online.

If you have an existing pension with us, you can call to transfer or you may be able to request a transfer online. Log in to MyAviva and view your pension summary to check your online options.

Step 2

Leave it to us

You provide us with the details of the pensions you want to transfer, and we'll contact your provider and do the rest.

Step 3

Pensions combined

Your pension is credited with the value of your old pensions. It usually takes around 3 to 6 weeks from applying to seeing the money move across if moving cash. For unit transfers it may take a few weeks longer whilst we clarify details of the existing investments and whether we have equivalent funds to offer on our platform.

Before you apply to transfer

There are some types of pensions and benefits we can’t accept online, and there are a few things you’ll need to consider before combining your pensions with us.

If you are looking to transfer to an existing pension with Aviva, please give us a call to find out what your policy can accept. Find the contact details here.

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 in cash will not be invested anywhere and you will not be impacted by any rise or fall in the value of investments during that time
  • For transfers made by unit transfer, the funds will be invested all the time so will continue to be impacted by any rise or fall in value whilst the transfer takes place. You will not be able to trade these assets whilst a transfer is taking place

Our defined benefit pension advice

Wondering if you should transfer your defined benefit pension from one provider to another? Our Gold Standard advice could help. You won’t pay a penny for your first meeting, and you don’t need your pension with us. Our advisers can only recommend Aviva products and services.

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.

Transfer to a new pension

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.

Find your product

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.

Pension articles

Take a look at our library of helpful articles and guides.