Pension Transfer
Transferring your old pensions to Wealthify couldn’t be simpler and comes with a whole host of benefits:
✓ Low annual management fee of 0.6% per year which includes the expert management of your Plan, taking the hassle out of saving for retirement
✓ When your pot reaches £100,000 get a reduced fee of 0.3% on any balance above that, meaning you get to keep more of your money
✓ More clarity and control - online or using our award-winning app
The value of your pension could go down as well as up. Tax treatments depend on your individual circumstances (and could change in the future)
How to transfer your Pension
Set up your account
Use our Pension Plan creator to choose from 1 of 5 investment styles and see how much your pension could be worth.
We will help assess your suitable risk level with a few questions about your attitude to money.
Enter pension details
You will need your existing pension provider name, account reference number, and the approximate value of your pension.
Add as many pensions as you want if you are looking to consolidate pensions.
Leave it to us
Simply authorise your pension transfer to allow us to contact your existing provider, to transfer your pension's current cash value ready for us to invest into your new Wealthify Pension Plan.
Our customer care team will be on-hand to support you with any questions you may have.
Your cashback gets paid!
The transfer process usually takes 2-6 weeks.
Once your transferred pensions have been invested for a minimum of 12 months, receive cashback from £25-£1,000. Minimum £1,000 of transfer(s). Offer details
Cashback when you transfer
Whether it was Alan from Accounts’ awkward small talk, or the promise of a dream role elsewhere; we’ve all had our reasons for leaving a job. But leaving your job behind doesn’t have to mean leaving your old workplace pensions behind, too — especially with our latest transfer offer!
Thanks to Wealthify’s simple pension transfer process, you could earn:
- £25 for transfers totalling £1,000 - £4,999
- £100 for transfers totalling £5,000 - £12,499
- £200 for transfers totalling £12,500 - £24,999
- £400 for transfers totalling £25,000 - £49,999
- £800 for transfers totalling £50,000 - £99,999
- £1,000 for transfers over £100,000
Minimum transfer(s) value of £1,000 required. You must remain invested until the end of the 12-month period following your transfer. Terms & Conditions apply.
Awards
"Wealthify have been superb for my pension...
Wealthify have been superb in bringing my multiple modest pension pots together. They were really helpful when one pension provider was unresponsive. Using Welathify has led to a much better return on my investment than would have happened without their pension product. I also like how they communicate what's happening with the fund and why the investment strategy changes. I feel my pension is in excellent hands."
Jessica
"Great pension service...
Moved some pensions together and have not looked back... the new pension is growing steadily. I have and will continue to recommend. From feeling a little lost and out of control to very in control, a very useful app so everything is at your finger tips."
David
"A trustworthy company and experts in their field...
I love the way they continually keep you up to date with what they are doing to maximise your Pension"
Marc
"Pension transfer perfect solution...
Transferred some old pensions. Quick and easy process. Saved on charges and all in one place now"
Christine
Backed by Aviva
We’re backed by Aviva, one of the UK’s largest financial services institutions which has looked after British consumers for more than 325 years. This means you get the best innovation in smart simple investing together with the security of knowing that we’re here to stay and operate to the highest standards.
Wealthify operates independently from Aviva, and our Pension Plans are made up of funds chosen by our own experts.
How have Wealthify Investment Plans performed?
The past performance data shown represents real transactions we've carried out for actual customer Plans across each of our five Investment Styles. When it comes to investment performance, if you’d invested in one of our Original Confident Plans from the very beginning (29 February 2016), you’d have enjoyed a 44.91% return so far (up until 2nd of September, 2024). You can see projections for how your pension could grow moving forward by using our Transfer Plan builder as you start your transfer.
Original
Ethical
Of course, we experienced the ups and downs of the market along the way and you could get back less than you put in. Although we cannot rely on past performance to predict future results investing for the long-term (5 years or more) typically delivers positive returns.
Plan performance by year
| Investment Style | 31/12/2018 - 31/12/2019 | 31/12/2019 - 31/12/2020 | 31/12/2020 - 31/12/2021 | 31/12/2021 - 31/12/2022 | 30/12/2022 - 30/12/2023 | 30/11/2023 - 30/11/2024 |
|---|---|---|---|---|---|---|
| Cautious | 6.43% | 2.70% | 0.47% | -11.19% | 4.65% | 4.94% |
| Tentative | 9.35% | 3.88% | 3.72% | -10.82% | 6.21% | 8.08% |
| Confident | 11.93% | 4.87% | 6.66% | -10.33% | 7.76% | 11.54% |
| Ambitious | 14.35% | 5.11% | 9.66% | -9.39% | 9.46% | 15.04% |
| Adventurous | 17.09% | 5.06% | 12.75% | -9.14% | 11.35% | 18.68% |
How have Wealthify Investment Plans performed?
The past performance data shown represents real transactions we've carried out for actual customer Plans across each of our five Investment Styles. When it comes to investment performance, if you’d invested in one of our Original Confident Plans from the very beginning (29 February 2016), you’d have enjoyed a 44.91% return so far (up until 2nd of September, 2024). You can see projections for how your pension could grow moving forward by using our Transfer Plan builder as you start your transfer.
Original
Ethical
Of course, we experienced the ups and downs of the market along the way and you could get back less than you put in. Although we cannot rely on past performance to predict future results investing for the long-term (5 years or more) typically delivers positive returns.
Plan performance by year
| Investment Style | 31/12/2018 - 31/12/2019 | 31/12/2019 - 31/12/2020 | 31/12/2020 - 31/12/2021 | 31/12/2021 - 31/12/2022 | 30/12/2022 - 30/12/2023 | 30/06/2023 - 30/06/2024 |
|---|---|---|---|---|---|---|
| Cautious | 7.90% | 4.14% | 0.73% | -14.93% | 4.80% | 5.20% |
| Tentative | 9.74% | 6.45% | 4.11% | -15.65% | 6.85% | 7.10% |
| Confident | 11.82% | 9.04% | 7.63% | -16.51% | 8.81% | 8.80% |
| Ambitious | 14.13% | 11.16% | 11.18% | -17.42% | 11.08% | 10.80% |
| Adventurous | 16.74% | 13.43% | 14.65% | -18.72% | 13.63% | 12.90% |
Can I combine my pensions?
You may have several pensions with different providers, which can happen when you change jobs and leave an old workplace behind. Combining these old pensions together with one provider is known as pension consolidation and can make it easier to keep track of your pension pot.
Thankfully, combining your pensions with Wealthify is easy! Just let us know which pensions you want to combine, and we'll bring them all together into your Wealthify Pension.
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.
New to Wealthify Pensions?
If you're just setting out on your journey to get better control over your pensions, you don’t have to commit all of your hard-earned pensions at once. If you’d prefer, you can elect to transfer just part of your pension and transfer the rest at a later date if that feels right for you.
Simply start your transfer and select how much of your existing pension(s) you’d like to transfer using our Plan Builder.
FAQs
No, it is free to transfer your pension(s) into Wealthify. Your old provider may charge exit fees or transfer fees, so you may want to check this with them before you go ahead.
In the majority of cases, no. We can begin a pension transfer on your behalf without you needing to do anything. However, things happen, and if your old provider objects or needs further confirmation, then we’ll get in touch to let you know what’s needed.
We don’t charge you anything to transfer, but your old provider may charge exit fees or transfer fees, so you may want to check this with them before you go ahead.
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With this offer, you could earn between £25-£1,000 in cashback by transferring an old workplace or personal pension to us – even if you’re already an existing customer of Wealthify.
To be eligible for this offer, you will need to register your interest by clicking the ‘Register for this offer’ button on the relevant landing page.
Once you’ve registered for the offer, you will have six months to start your transfer(s).
Subject to the offer’s Terms & Conditions, the amount of cashback you could earn is as follows:
£25 for transfers totalling between £1,000 and £4,999
£100 for transfers totalling between £5,000 and £12,499
£200 for transfers totalling between £12,500 and £24,999
£400 for transfers totalling between £25,000 and £49,999
£800 for transfers totalling between £50,000 and £99,999
£1,000 for transfers over £100,000
Please note that you can transfer as many pensions as you like, although the cashback amount will be limited to a maximum of £1,000 per person. You are able to transfer multiple pensions to boost the amount of cashback you could receive (up to a maximum of £1,000), but you will not be able to top-up your pension with cash (contributions) to reach the requirements to get the cashback.
For example, if you transferred two pensions worth £50,000 each, then you would be eligible for the maximum amount of £1,000 cashback (as their combined value is £100,000).
Terms & Conditions apply.
With investing, your capital is at risk. Tax treatments depend on your individual circumstances and may change in the future.
PENSIONS TIPS AND INSIGHTS
"When we’re younger, most people don’t give much thought to pensions and retirement. Stop and think though, because a pension is an investment in YOUR future self to live the lifestyle YOU want beyond work. It’s your reward for a lifetime of effort and discipline — your financial freedom in later life. The great thing about investing in a pension early, is time. Time is your friend, as it allows your pension plan to navigate the inevitable highs and lows of the stock market, giving it a long enough to benefit from the magic of compounding, too. Crucially, time unlocks the key to successful investing: staying the course and staying invested in the market. So, with that in mind: start early, pay yourself first — and retire on your terms."
Colleen McHugh, Chief Investment Officer
