Everything you need to know about transferring and consolidating your pensions. Understand the benefits, weigh up your options and make informed decisions with Moneyfarm at your side.
Check your existing pension for any guaranteed benefits or penalties before you transfer.
In the UK there are 2.8 million unclaimed pension pots worth a combined £26.6 billion. It’s estimated that one in four people have lost track of at least one pension. Are you one of them?
At Moneyfarm, we offer a hassle-free transfer service to consolidate your pensions and bring them all under one roof, making tracking and planning your retirement easier than ever.
We’ll get you set up with a pension suited to you, based on your goals and attitude to risk. We offer simplicity, 24/7 access to your account, and expert guidance from our consultants at any point.
Rest assured, we’re committed to ensuring that your pension transfer experience is smooth, transparent, and meets your individual needs.
Ensure you won't lose valuable guarantees like annuity rates, guaranteed income, or death benefits. Seek financial advice if unsure.
Assess your current pension fees and check for any exit fees or transfer penalties from your existing provider.
Please note that we can’t transfer defined benefit schemes, replace your active workplace pension, or transfer pensions already paying out benefits.
Ensure you won't lose valuable guarantees like annuity rates, guaranteed income, or death benefits. Seek financial advice if unsure.
Assess your current pension fees and check for any exit fees or transfer penalties from your existing provider.
On your own or with help from one of our consultants.
Choose our pension or let our questionnaire guide you.
Discover your investor profile based on your needs and goals.
Start your pension investing journey with our experts by your side.
Please note that we can’t transfer defined benefit schemes, replace your active workplace pension, or transfer pensions already paying out benefits.
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Check that you won’t lose any guarantees or safeguarded benefits if you transfer. This could include things like guaranteed annuity rates, guaranteed income or additional death benefits. Take a look at your current pension scheme to assess the fees you’re paying and whether any exit fees or penalties that your existing provider may charge should you choose to transfer. It’s also important to consider the investment options available to you. For more information on what you should know about your existing pensions before you transfer, please read our key considerations page.
Yes, we do accept employer contributions from self-employed and employed clients. You can register your employer by filling out the attached form and returning it to support@moneyfarm.com to start the process. If you’d like more information about the process you can always get in touch with our team of Investment Consultants.
Yes, this is possible. There are no requirements for additional contributions as long as the value of your pension reaches our minimum requirement of £500.
Standard Moneyfarm minimums apply also for transfers – you’ll need at least £500 to open a portfolio but we recommend at least £2,500 to benefit from full diversification.
No, unfortunately we cannot onboard clients that are not UK residents.
No, you won’t. When transferring your old pensions to Moneyfarm, our team will contact your providers on your behalf and set up the transfer for you. All you’ll need to do is complete the transfer form (once you open a Moneyfarm SIPP portfolio) and provide us with a few details about your old pensions: name of provider, your personal identifier (i.e. account number, policy number), and the amount you are looking to transfer (full or partial).
Pension transfer times can vary significantly, typically ranging from a couple of weeks to a couple of months. The duration depends on several factors including your current provider's processes, the type of pension scheme, and whether automated or paper-based systems are used.
Some providers, including Moneyfarm, use an automated platform called Origo, which can speed up transfers by eliminating paperwork. However, many providers still rely on paper forms, which can extend the process. Regardless of the method, both Moneyfarm and your current provider must conduct due diligence checks, which can affect the overall transfer time. Our team will keep you informed throughout the process and address any issues that arise.
You can transfer money from your other pensions into your Moneyfarm Pension, including from SIPPs and workplace pension schemes. Your pension savings are initially transferred as cash, and then reinvested once the money arrives in your Moneyfarm Pension.
You are able to transfer your Defined Benefit pensions to us but due to guarantees you will need to seek financial advice from an advisor to sign off the transfer. We do not offer this advice internally. If you are taking an income already, we would be unable to accept the transfer.
Whether you’ve had multiple jobs, are self-employed or are simply unsatisfied with your current pension provider, you might want to consider transferring your old pensions.
Keeping your pension pots in one place can help you take control of your finances and stay on track with your retirement goals, allowing you to monitor your performance and keep costs in check. You can now transfer your pensions to Moneyfarm in just a few minutes.
Simply open a Moneyfarm SIPP and provide us with a few details about your old pensions.
We’ll then get in touch with your pension providers so that you don’t have to.
