OFFER EXPIRED
A new lease of life for your old pensions
You could enjoy between £25–£1,000 cashback when you transfer to Wealthify
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 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
To get this offer, you'll need to click to register for offer using the button on this page. Registration closes on 9th December 2024, you'll then have 6 months to come back and start your pension transfer(s). Minimum transfer(s) value of £1,000 required. You must remain invested until the end of the 12-month period following your registration. Terms & Conditions apply.
With investing, your capital is at risk. Tax treatments depend on your individual circumstances and may change in the future.
Make sure transferring is right for you
Transferring to Wealthify is simple, but to ensure you’re getting a pension that’s right for you, there are a few things to check:
✓ Fees: At Wealthify, there's a low annual management fee of 0.6% for balances below £100,000 — dropping to just 0.3% for any portion above that. Please understand how your current fees compare with ours.
✓ Charges: We don’t charge you for transferring to or from Wealthify. However, always check to see whether your existing pension provider has an exit charge.
✓ Benefits: Check you won't lose features such as loyalty bonuses.
ⓘ You can usually find this information on your existing statements, online account, or over the phone.
Other things to know:
- In your interest, we can't accept transfers of pensions with safeguarded benefits such as Defined Benefit pensions, those with a guaranteed income, or those where you can get more than your 25% tax-free cash.
- We can’t accept transfers from pensions you’re already taking an income from.
- While the transfer takes place, your pension will be ‘out of the market’, as your existing provider needs to sell your investments before transferring it as cash.
- Combining two or more pensions doesn’t guarantee more money in retirement and investment performance is never guaranteed.
You can register for the offer, giving you 6 months to begin your pension transfer(s). Or, if you've decided that transferring your pension to Wealthify is right for you, you can redeem the offer by starting your transfer.
With investing, your capital is at risk. Tax treatments depend on your individual circumstances and may change in the future.
Why transfer your pensions to Wealthify?
✓ Hassle-free transfer: all you need to do is just tell us a few basic details about the pension you'd like to transfer to us, then we'll do the rest for you.
✓ Low fees: Wealthify has a simple annual management fee (0.6% per year up to £100,000, dropping to just 0.3% for any portion above that) but we don't charge you to deposit money, transfer or close your Plan.
✓ Investment styles that suit you: we build your Pension Plan based on your attitude to risk, with five different investment styles available, from Cautious to Adventurous.
✓ No investing experience needed: our investment experts set up and manage your pensions for you, making sure you're on track to reach your retirement goals.
✓ Ethical Plans: transfer your pensions to us and choose an Ethical investment theme to invest in organisations committed to having a positive impact on society and the environment.
✓ All your pensions in one place: you can do this by consolidating pensions.
✓ Instant government top-up: Once transferred, Wealthify automatically adds the 25% government top-up to all new contributions you make to your pension, giving you one less thing to worry about.
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.
How to transfer your pension
SET UP YOUR ACCOUNT
Use our simple Pension Plan creator to see how much your pension could be worth when you reach your retirement age.
Tell us a few details about yourself to help us create your account. We will help assess your suitable risk level based off a few suitability questions.
ENTER PENSION DETAILS
We will need your existing pension provider name, account reference number, and the approximate value of your pension.
You can transfer one at a time, or add multiple if you are looking to consolidate pensions.
LEAVE IT TO US
Simply authorise the pension transfer to allow us to contact your existing pension provider, to transfer your pension's current cash value ready for us to invest into your new Wealthify Pension Plan.
The transfer process usually takes 2-6 weeks. Please remember that the offer registration closes on 9th December 2024 — and you'll still have 6 months to start your transfer(s) after this closing date.
KEEPING YOUR MONEY SAFE
We know the only thing more important than making your money work harder, is making sure it’s safe — here’s how we take care of yours.
Secure
Your login details will always be kept secure – but never shared with anyone else.
Support
Our friendly Customer Care Team are always happy to help via email, Live Chat, or on 0800 802 1800.
Strength
Wealthify is owned and backed by Aviva: one of the UK's largest financial institutions.
Awards
We're really proud of all the awards we've won since launching in 2016; not because we enjoy the recognition, but because it means we're doing something right (and that our customers are happy). These awards also help spread the word about Wealthify — meaning other people can start enjoying it, too!
SIPP FEES
When saving over long periods of time – as is often the case with pensions – fractions make a difference. Sure, an extra 0.01% per year might not seem like much now. But over a lifetime, that small number could add up to a big one, essentially eating into your retirement savings.
That’s why SIPP fees matter — and why we’re completely transparent with ours: one annual management fee of 0.6%, regardless of how much your pension’s worth. And, unlike some traditional providers, we won’t charge you for depositing or withdrawing money, transferring funds, or closing your Plan.
This 0.6% annual management fee is payable monthly based on the value of your investments and covers everything we do, including setting up your account, looking after your money, and optimising your investments.
As with most investments, average investment costs can apply but we aim to keep these as low as possible: around 0.16% per year for Original Plans and 0.7% per year for Ethical.
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.
HOW YOUR PENSION IS INVESTED
We invest your money using passive and active investments funds from leading providers to build your Plan.
These funds contain a collection of investments – including shares, bonds, commodities and other investments, giving you a low-cost way to build a diversified investment Plan.
Even though the mix of funds will change over time, our team of experts optimise your Plan regularly, keeping it on track and in line with your chosen investment style.
STRENGTH IN DEPTH
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.
Wealthify operates independently but Aviva own a majority shareholding, which 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.
Aviva’s investment in Wealthify allows us to achieve all the things we always wanted to, but at an accelerated pace and with greater confidence.
PENSION TRANSFER FAQS
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).
To get this offer, you need to click the 'register for offer' button. You'll then have 6 months to come back and start your pension transfer(s). You must remain invested until the end of the 12-month period following your offer registration date. Offer registration closes on 9th December 2024. Terms & Conditions apply.
With investing, your capital is at risk. Tax treatments depend on your individual circumstances and may change in the future.
If you are transferring multiple pensions to us, all transfer requests will also need to have been made within six months of registering your interest in the offer. The cashback will only be paid once all transfers have been completed successfully and in accordance with the offer’s Terms and Conditions.
To be eligible for the cashback, you must remain invested until the end of the 12-month period following your offer registration date.
After these 12 months have passed, the cashback will be paid to you within a period of 30 days. It will be paid directly into the bank account associated with your Wealthify account, or into your Self-Invested Personal Pension (SIPP).
However, if you have not registered for the offer before choosing to transfer a pension to Wealthify, then the cashback cannot be paid.
Read the full Terms & Conditions for the offer here.
If you haven’t made the request to transfer your pension(s) to us within six months of registering your interest in this offer, we won’t be able to pay you any cashback.
The cashback will also only be paid once your transfers have been successfully completed — and will only be paid 30 days following the 12-month period after registration.
Once this offer ends at 23:59pm on 9th December 2024, you will still be able to transfer your pension(s) to us if you wish. However, unless you have registered your interest in this cashback offer, you will not be eligible for any cashback upon completing your transfer under the 2024 Pension Transfer Offer.
However, we frequently run cashback offers just like this one, so keep an eye on our website, social media profiles and your email inbox to be the first to find out about these.
Read the full Terms & Conditions for the offer here.
Transferring your old pensions is easier than you might think – all we need to know is who your old providers are, reference numbers, an estimated value, and your permission to get in touch with your old providers regarding your pensions.
You can usually find this information on your latest pension statement. We’ll do the rest and consolidate them into your Wealthify Pension. If you’re an existing customer, simply head to your Dashboard and use the ‘transfer in’ button on your home screen.
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.
You can transfer in most types of pensions, although there are exceptions. For example, the government doesn’t allow the transfer of a public service pension. Similarly, if your pension has defined benefits – such as guaranteed annuity rates or a final salary promise – then we won’t be able to accept this, so please check before requesting a transfer. We also cannot accept a transfer if you’re already taking an income from it.
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.
No, unfortunately, we’re not able to accept pensions that are already in payment or if you’ve already taken income from.