Why you might transfer your pensions into a new Aviva SIPP
The information on this page is about transferring into our SIPP. If you already have a pension with us, you may be able to transfer into an existing Aviva pension.
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Easier to manage
Bringing your pensions together into a self-invested personal pension (SIPP) with us means you can use MyAviva, your secure account, to manage your pension online and stay up-to-date on how your investments are performing.
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It’s your future, invest your way
You have control over how you invest in your SIPP with us, thanks to a range of investment options. Whether you’re new to investing, or have more experience, there’s an option for you.
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Lower charges
Older pensions sometimes have higher charges, so you may pay lower costs when you transfer to our SIPP, depending on how you invest your pension.
Things to think about before transferring your pension
- Exit costs and investment fees
We won't charge you to transfer your pension to us but it's wise to check if your existing pension provider charges an exit fee. Before you transfer, check how much your pension provider charges on your old pensions and compare that with our charges so you're aware of the difference. - Pension benefits and guarantees
Check your pensions for guaranteed or valuable benefits you could lose by transferring. These include: the ability to take more than 25% as a tax-free lump sum, loyalty bonuses, life insurance, or taking your pension before the normal minimum pension age of 55 (57 from 2028). We have more information on this in our FAQs. - You're not guaranteed to be better off
Although bringing all your pensions together can have many benefits, there's no guarantee that you'll be better off in retirement and if you decide to cancel your transfer, your current provider may not accept it back. - Employer contributions
If your employer pays into one of the pensions you're considering transferring to us, you'll need to talk to them before transferring, as a transfer may mean they stop paying into it.
Always remember, the value of a pension can go down as well as up – and you could get less than the amount that's been put in.
You should consider charges, investment choices and any valuable benefits that could be lost before combining any pensions.
If you’re unsure about transferring pensions, please speak to your financial adviser. If you don’t have one, you can find an up-to-date list of regulated advisers at MoneyHelper.
What are our SIPP charges?
There’s no charge to open an Aviva SIPP or transfer your investments to us. But your existing provider may charge you for leaving them, so check before making the move. Once you have a SIPP with us, these are the charges you can expect to pay.
Aviva Charge
You'll pay an admin charge of 0.35% on the total value of investments held across your Aviva Pension, Aviva Stock & Shares ISA and Investment Account together, up to £500,000.
For example, if your investments are worth £100,000, you'll pay £350 a year.
Other charges
There’ll be charges based on the investments you choose – like the Fund Manager Charge that will be included in the price of the investment to cover running costs.
If you decide to buy or sell shares or other exchange traded investments there is a fee of £4.99 for each trade.
We won't charge you for buying or selling funds.
To learn more about these and any other charges, read our charges page.
Your investment options for our SIPP
Share dealing
Pension transfer FAQs
How long does it take to transfer a pension into an Aviva SIPP?
Is there a charge to transfer into an Aviva SIPP?
Will transferring change when I can take my pension?
What do I need to check before transferring my pension?
Can I transfer all my pensions?
Can I transfer a pension that my employer pays into?
What happens to my pensions during the transfer?
Do I need to take advice to transfer my pension?
How it works
How to transfer your pension
The first stage of transferring any pension is to understand what you’d get out of it – and unearth any reasons why it might not be right. Our video gives an overview to transferring a pension, and what to keep an eye out for, in less than 3 minutes.
Important documents
Start your pension transfer
Just give us your pension details and we'll get the ball rolling.
Why choose us?
Support for pension transfers
Find and combine your pensions
If you've lost track of your pensions, our free Find and Combine service could hunt them down. No pension is too small and we’ll check for certain benefits and fees too. Then if you like, you can bring them together. Capital at risk.
Pension advice
Confused about how to plan for your retirement? You’re not alone – everyone approaching retirement has more pension options to choose from than ever before. If you have total pension savings of £150,000 or more, the Aviva Financial Advice* Team can guide you on all your financial planning options.
Advice is also available for defined benefit pensions, sometimes called final salary pensions. Find out more on the defined benefit advice page.
Put more pieces of the pension puzzle together
Should I combine my pensions into one pot?
Transferring all your pensions into one could save time and provide a clearer picture when you’re making retirement plans. Capital at risk.
Pensions for the self-employed: what you need to know
Don’t let saving for your future slip any further down your priority list: here’s what you need to know about paying into a pension if you’re self-employed. Capital at risk.
What's pension tax relief all about?
Understand how pension tax relief works, what it's based on and the impact it has on paying into your pension.
What you need to know about defined benefit transfers
If you have a defined benefit pension, you may be able to transfer it into a defined contribution pension. Read on to find out more.
Should I pay extra into my workplace pension?
Things to consider if you want to boost your retirement fund.
Six simple tricks to help you boost your pension
Giving your pension savings a little push can make a big difference. Capital at risk.