Transferring your pension savings to Smart Pension
This page will tell you everything you need to know about transferring your pension savings from your previous pension provider to Smart Pension
Your future contributions
As your employer has moved their pension scheme to us, all future pension contributions will be paid into your new Smart Pension account. This means you will no longer pay contributions into your former pension scheme and if you do nothing your pension savings will be held in two places, rather than one.
What are the benefits of moving my pension savings into one place?
A better experience
We use cutting-edge technology to give you a fast, easy-to-use, modern service.
We believe that we can help you to create a world that we all want to retire in, supporting profitable companies that build a sustainable, safe and stable future for society and our planet.
Financial wellbeing for members
Meaningful financial support is provided for all members because it's important to us that they feel comfortable with their money.
Smart Pension app
Manage your pension savings anywhere, at any time with the tap of a finger. You can find the app on the App Store and Google Play.
A digital retirement dashboard for you to access your pension savings flexibly when you retire.
It may be cheaper
You may find that it is cheaper to move all of your pension savings into one place. To find out more, take a look at your charges comparison document. This can be found on your transfer email.
Watch our pension transfer video
Watch our video to find out more information about transferring your pension savings and what you should consider.
What you need to consider
There are a few things you need to think about before you decide to transfer savings over to us, they are:
You should read our transfer guide to make sure you’re happy to transfer your pension savings to us.
We also recommend that you speak to a financial adviser to make sure transferring is right for you. You can find an independent financial adviser by visiting MoneyHelper.
We won’t charge you for transferring your pension to us, but other providers may have exit fees for leaving their schemes. This means the amount of money you transfer into your Smart Pension account could be less than the amount you currently have invested in your former pension scheme.
You may have certain taxation protection in relation to benefits that accrued prior to April 2006, which you may lose if you transfer out individually. If you think this may apply to you, please email us at email@example.com.
Use our online transfer service to move your pension
To begin adding pensions to your dashboard, sign in to your Smart Pension account, click the Combine pensions tile on your dashboard and then select View or combine pensions.
Please read our transfer guide and this page before deciding to move your pension savings over to us.
Frequently asked questions
Can I complete my transfer without using your online service?
If you'd prefer, you can complete your transfer by downloading the application form and returning it to us. Please read our transfer guide and this page before deciding to move your pension savings over to us.
What is the minimum value that I can transfer on an individual basis?
The minimum transfer value is £100 per pot.
How long will this process take?
The time it takes to transfer your pension savings will depend on your previous provider and their existing transfer processes. In some cases, the transfer process can take several weeks. We will keep you updated throughout the process.