With investment, your capital is at risk.
\nTransferring pensions into the Best SIPP can give you more control over your retirement investments. If you don’t already have a Best SIPP, the minimum combined value of pensions you are transferring (together with any new contributions) must be £10,000.
\nThere are some considerations you should think about before transferring. Please see further details and the Important information below.
","contentType":null,"key":"1c6e069c-c213-4b92-bcfd-39fb2f7d2d13","properties":null},"settings":{"purpleBlockStyle":false,"contentType":null,"key":"be647a27-5522-441d-88e9-c70b49259a13","properties":null},"blockType":"fullTextBlock"},{"content":{"link":{"url":"https://my.account.bestinvest.co.uk/onboarding/accounts/transfer/sipp","name":"https://my.account.bestinvest.co.uk/onboarding/accounts/transfer/sipp","target":"_blank"},"subtitle":"Transfer to the Best SIPP today","title":"Begin your Best SIPP transfer","contentType":null,"key":"77b356ed-85a9-44b6-9513-4bae57925763","properties":null},"settings":{"purpleBlockStyle":false,"contentType":null,"key":"e3b8b78b-3515-48c8-a407-3c0424efef47","properties":null},"blockType":"contentCtaBlock"},{"content":{"link":{"url":"/accounts/ssas-pension","name":"Learn more"},"subtitle":"It’s easy to maximise your SSAS pension investments at Bestinvest ","title":"Do you have a SSAS?","contentType":null,"key":"414d012f-b7eb-4de7-b6a2-fbdd5dcdd0b3","properties":null},"settings":{"purpleBlockStyle":false,"contentType":null,"key":"1fcfdee2-d06f-4ea3-9054-1ebc5dc0eb9c","properties":null},"blockType":"contentCtaBlock"},{"content":{"faqs":[{"content":{"anchorText":"","answer":"You can transfer a number of types of pension to a Best SIPP, after you’ve checked your pension transfer considerations. Types of pensions we transfer include stakeholder pensions, personal pension plans and existing SIPPs. Some of the providers we have transferred from include:
\nIt takes 8-12 weeks depending on your provider and the assets you hold.
","question":"How long does a pension transfer take?","contentType":null,"key":"f2352da6-193d-4a34-be47-9f662d953d66","properties":null},"contentUdi":"umb://element/f2352da6193d4a34be479f662d953d66"},{"content":{"anchorText":"","answer":"Before you consider transferring a pension, it is important to ask yourself:
\nNo. It is free to transfer pensions to Bestinvest. One of the many benefits of consolidating your pensions in the Best SIPP is that we will also pay up to £500 for any exit fees applied by your existing providers (subject to terms and conditions).
\nWe will accept the transfer in of some occupational schemes, but they should be checked carefully before transferring to make sure that you will not lose any valuable benefits. If your occupational pension scheme is worth more than £30,000 it may be a legal requirement that you receive financial advice before a transfer can take place. At Bestinvest we say it’s always a good idea to seek financial advice before transferring any type of pension scheme because you might be giving up benefits which may not be safeguarded such as scheme specific tax free cash.
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SIPPs are not suitable for everyone. If you don’t want to invest across different asset classes or don’t think you will make use of the investment choices that SIPPs give you then a SIPP might not be right for you. Self-directed investors should regularly review their SIPP portfolio, or seek professional advice, to ensure that the underlying investments remain in line with their pension objectives.
\nBefore you consider transferring a pension, it is important to ask yourself: Will I lose any valuable benefits or features from my existing pension plan? Will I incur any penalties on my existing pension if I transfer? Is it an occupational final salary pension scheme? (in which case it is very unlikely to be advisable to transfer) Have I considered the charges on my current plan? (a new arrangement may be more expensive – especially if you have a stakeholder pension).
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