Transfer a SIPP

Why transfer to IWeb?

  • We can offer you a low-cost account with simple charges.
  • It’s simpler, see and manage your pension in one place.
  • It’s easy, complete and return our transfer form and we’ll do the rest.

Transfer timescales

Due to the unprecedented demand for our service transfers are taking longer than usual. Transfers are currently taking up to 12 weeks and there is currently a delay of 3 weeks to log your initial request. We are working hard to process transfers as quickly as possible and apologise for any inconvenience this may cause.

During the transfer process there could be a period of time when your investments or cash may not be accessed, therefore you may not be able to act on market movements.

Transferring a SIPP to IWeb?

If you’d like to switch your pension to IWeb there are a number of things you’ll need to consider before starting the transfer. If you are not sure about transferring, seek independent advice.

  • Not all pensions are transferable - please contact your current provider first to find out if you’re able to transfer.
  • Exit and transfer fees may apply with your existing pension provider.
  • You may lose out on potential pension benefits with your current provider if you choose to transfer out.
  • Costs vary between pension providers so it’s important to familiarise yourself with these differences.

Transfer charges

A transfer will cost £60 per pension (up to a maximum of £300). Your existing pension provider may also charge you a fee to transfer and/or close your existing pension.

Pensions are a long-term investment. The retirement benefits you receive from your pension account will depend on a number of factors including the value of your account when you decide to take your benefits which isn't guaranteed, and can go down as well as up. The value of your account could fall below the amount paid in. Tax treatment depends on individual circumstances and may be subject to change in the future.

Ready to transfer your SIPP?

  • Are you an existing IWeb SIPP customer?

All you need to do is complete a transfer form (PDF, 105 KB) and post it to us at the address below:

The IWeb Share Dealing SIPP Administration Team
AJ Bell Management Limited
4 Exchange Quay,
Salford Quays,
M5 3EE

How long does it take?

Once we’ve received your transfer form we’ll get in touch with your current pension provider. Timescales vary but it usually takes around 8 – 10 weeks to transfer your pension to IWeb.

Please be aware, we’re currently experiencing transfer delays of up to 3 weeks to log your transfer and up to 12 weeks to complete due to unprecedented demand for our service.

Dealing and stock broking administration services are provided by the IWeb Share Dealing Service which is operated by Halifax Share Dealing Limited. Registered in England and Wales No. 3195646. Registered Office: Trinity Road, Halifax, West Yorkshire HX1 2RG. Authorised and regulated by the Financial Conduct Authority under registration number 183332. A Member of the London Stock Exchange and an HM Revenue & Customs Approved ISA Manager.