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

Simple transfers usually take 5 weeks to complete but complex transfers may take longer.

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. If you’re transferring a final salary pension worth more than £30,000 then you will need to get independent financial advice. Your advisor will need to sign a Financial Advice Declaration form (PDF, 66 KB) before we can start the 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?

Simple transfers usually take 5 weeks to complete but complex transfers may take longer.

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.