Can I transfer my existing pensions into my SIPP?

Any benefits that you have built up in other UK pension plans can be transferred into your SIPP, although in some cases there may be charges for doing so and you may be giving up beneficial rights if you do this. You should be aware that some pension schemes which offer defined benefits or guarantees may have those guarantees surrendered if you complete the transfer.

Amalgamating your existing pensions into a SIPP allows you to implement a consistent investment plan as well as the added bonus of easier management over your retirement plan, all while accessing a wide range of investment classes.

Can I transfer funds from other pensions into my SIPP?

Yes. SIPPs are one of the most flexible pensions available on the market. However it may not always be in your best interests so it is strongly recommended you seek advice from a financial adviser before doing so. It is important to note that by transferring out of some pension schemes you may be relinquishing other entitlements. Furthermore, some pension providers may charge a fee for doing so.