Pension Consolidation
Consolidate your pensions into one easy-to-manage pot.
✓ Fee-free consolidation: We won’t charge you for transferring to or from a Wealthify Personal pension, but always check if your existing pension provider has an exit charge.
✓ Track your progress: See all your retirement savings in one place, making it easier to know if you're on track for the retirement you want.
✓ More investment options: Have more control over where your money is invested with Wealthify's range of Original and Ethical investment Plans.
Minimum £1000 deposit. With investing, your capital is at risk. The tax treatment of your investment will depend on your individual circumstances and can change.
How to consolidate your pensions
Ready to find and combine pensions? Transfer one at a time — or add multiple pots if you want to combine more.
Set up your new Pension
Create your account, tell us some details about yourself and your pension(s), then answer some suitability questions so we can find your ideal investment style.
Tell us about your provider
This includes your existing pension provider’s name, account reference number, and approximate value of the pension you’d like to transfer to Wealthify.
We transfer everything for you
Once you’ve authorised the transfer, we’ll contact your existing provider, before transferring your pension's current cash value into your new Wealthify Pension.
We build and manage your Pension
Our team of investment experts build your Pension Plan for you, monitoring and optimising its performance to keep your retirement goals on track.
Why consolidate my pensions?
Wondering “should I consolidate my pensions?” Here are some of the potential benefits:
✓ Simplicity: Instead of multiple accounts and paperwork to keep on top of, there’s only one pot to manage — which can be easily done through our app.
✓ Visibility: If you have multiple pensions, they can quickly be forgotten. Having them together means you won’t lose sight, with a clear view of your total pension savings in one place.
✓ Potential cost savings: We don't charge transfer fees, and our SIPP annual management fee is just 0.6% for balances below £100,000 (dropping to 0.3% above that). Investment costs also apply.
✓ Expert management: Our team of experts build your Pension based on your preferences, with ongoing monitoring helping to keep performance on track.
✓ Award-winning: We’ve won Best Private Pension at the 2025 Good Money Guide Awards, and Best Pension Provider (Small Portfolio) at the 2026 YourMoney.com Investment Awards.
✓ Better control: With Wealthify, it’s easy to adjust your contributions, change your investment style, and check your performance via our in-app or online dashboard.
Our awards
Pension pot calculator
Not sure if you should consolidate pensions? See how much your combined pot could grow by retirement with this handy tool.
Our free pension pot calculator will give you an idea of how much you could end up with based on your contributions and expected retirement age. You can even play around with different figures to see how this affects your projected value.
With investing, your capital is at risk. The tax treatment of your investment will depend on your individual circumstances and may change in the future.
Read our Pension Consolidation guide
Consolidating pensions may seem complicated at first, so we’ve created this useful guide to give you information on:
- What pension consolidation is.
- The benefits of consolidating your pensions.
- Important things to consider before consolidating your pensions.
- The benefits of consolidating your pensions.
- Important things to consider before consolidating your pensions.
This guide doesn't offer personal advice, speak to a financial adviser if you're unsure about whether investing is right for you.
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PENSION CONSOLIDATION
If you're considering consolidating your pensions to bring them all together in one place — here’s what you need to know.
WHEN CAN I ACCESS MY PENSION?
Hoping to retire young or want to spend some of your pension savings before you retire? Here’s everything you need to know about accessing pensions early.
Pension FAQs
You can access your pension when you turn 55 (rising to 57 in 2028). Subject to current pension rules, you'll be able to withdraw 25% of the total amount tax-free, with the rest being taxed based on your individual circumstances. However, you don’t have to take any of your pension if you don’t want to. If you’re still working, for example, you can leave the money in your pension – and continue to contribute – until you retire.
The way you take your money out of your pension (a process known as moving your pension into drawdown), will vary depending on the type of pension you have.
If you have a defined benefit pension, you will receive a specific income for life, which should increase every year. If you have a defined contribution scheme, then you’ll be able to choose how you want to withdraw your funds using one of the following methods:
- Take your whole pension in one go as a lump sum.
- Withdraw money whenever you need it.
- Receive a regular income.
Wealthify doesn’t offer a pension tracing service.
However, if you're looking to transfer your pension to us, we will need to know who your pension is with and a reference number.
Normally, pension providers will issue you an annual statement that comes through the post — even if it's a lost pension you no longer pay into.
Your policy number should be included in the letter. If you know the pension provider but can’t find a statement, you may still be able to find your pension by contacting the provider.
In the case of a workplace pension (a pension set up by your employer), if you don’t know who the provider is, then your first port of call should be contacting your employer.
If you need help finding a lost workplace or personal pension, please visit the Pension Tracing Service, which is a free, government-run service.