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Transfer existing pensions with other providers to a Halifax Ready-Made Pension.
We make saving for the future easy and we serve millions of customers across the UK. With our Ready-Made Pension, you can build your retirement savings and track your pension performance alongside your other accounts.
We do the hard work, so you don’t have to.
While there are benefits to combining your pensions, there are a few things you may want to understand before continuing.
Here are some examples of why you wouldn’t be able to transfer your pensions.
This can depend on whether we have all the correct details and how quickly your current provider responds to our requests.
However, we’ll keep in touch with you along the way, and will contact you about your application if:
Making sure your personal and contact information is up-to-date and accurate is important and will help reduce unnecessary delays.
We don’t charge for transferring your pension to us, but your existing provider might charge you for transferring out. Please check this.
Also, it’s always worth comparing your current fees and charges with those for our Ready-Made Pension. For a full breakdown of costs see our Ready-Made Pension Charges page.
Some older pensions have safeguarded benefits or guarantees that you would lose if you transferred. With that in mind, we can’t accept pensions with:
It’s important to review any features you have with your current pensions, and how valuable they are to you. Bear in mind that you’d give these benefits up when you transfer. If you’re unsure of anything, please check with the providers of the pensions you want to transfer.
The types of features to look out for include:
We can’t give you financial advice.
If you want financial advice, you could speak to an Independent Financial Adviser. Unbiased and Vouchedfor will help you find an adviser near you. You normally pay for advice.
Remember - you can get free and impartial guidance from the government’s Pension Wise service, which is provided by Money Helper. If you’re over 50, you’ll also benefit from a free 60-minute appointment.
Alternatively, our partners Schroders Personal Wealth could also help. They provide personalised advice on a range of different products and services. It all starts with a free, no obligation chat, then a financial plan that’s tailored to you. To be eligible, you’ll have at least £100,000 in sole or joint savings, investments or personal pensions, or sole income of at least £100,000. Fees and charges may apply.
Halifax is a division of Bank of Scotland plc. Bank of Scotland plc, Registered in Scotland No. SC327000. Registered Office: The Mound, Edinburgh, EH1 1YZ. Bank of Scotland plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 169628.