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
✓ Manage your pension online or on 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
The transfer process usually takes 2-6 weeks and our customer care team will be on-hand to support you with any questions you may have.
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.
Awards
Since 2016, we've been looking after our customers' hard-earned money and have picked up over 60 awards along the way.
"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
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. 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 44.59% return so far (up until 31st March, 2025). 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. These figures are after all fees have been taken (based on 0.60% p.a Wealthify management charge), and are based on the performance of Plans worth more than £100 and will be different for Plans below that amount.
Original Plan performance by year
This table shows by how much each of our investment styles have grown each year
| Investment Style | 31/12/2019 - 31/12/2020 | 31/12/2020 - 31/12/2021 | 31/12/2021 - 31/12/2022 | 30/12/2022 - 30/12/2023 | 31/12/2023 - 31/12/2024 | 31/03/2024 - 31/03/2025 |
|---|---|---|---|---|---|---|
| Cautious | 2.70% | 0.47% | -11.19% | 4.65% | 1.10% | 2.52% |
| Tentative | 3.88% | 3.72% | -10.82% | 6.21% | 3.39% | 2.63% |
| Confident | 4.87% | 6.66% | -10.33% | 7.76% | 6.11% | 2.89% |
| Ambitious | 5.11% | 9.66% | -9.39% | 9.46% | 9.11% | 3.25% |
| Adventurous | 5.06% | 12.75% | -9.14% | 11.35% | 12.27% | 3.47% |
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 Ethical Confident Plans from the very beginning (28 February 2018), you’d have enjoyed a 19.5% return so far (up until 31st of March, 2025). 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. These figures are after all fees have been taken (based on 0.60% p.a Wealthify management charge), and are based on the performance of Plans worth more than £100 and will be different for Plans below that amount.
Ethical Plan performance by year
This table shows by how much each of our investment styles have grown each year
| Investment Style | 31/12/2019 - 31/12/2020 | 31/12/2020 - 31/12/2021 | 31/12/2021 - 31/12/2022 | 30/12/2022 - 30/12/2023 | 31/03/2024 - 31/03/2025 | 31/12/2024 - 31/12/2025 |
|---|---|---|---|---|---|---|
| Cautious | 4.14% | 0.73% | -14.93% | 4.80% | 0.77% | 0.77% |
| Tentative | 6.45% | 4.11% | -15.65% | 6.85% | 2.82% | 2.82% |
| Confident | 9.04% | 7.63% | -16.51% | 8.81% | 5.02% | 5.02% |
| Ambitious | 11.16% | 11.18% | -17.42% | 11.08% | 7.31% | 7.31% |
| Adventurous | 13.43% | 14.65% | -18.72% | 13.63% | 9.92% | 9.92% |
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.
Pension Transfer FAQS
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 most types of pensions to Wealthify, apart from:
- Pensions with a defined benefit (DB), guaranteed annuity rate (GAR), guaranteed minimum pension (GMP), or final salary promise;
- Pensions with protected benefits such as Protected Tax-Free Cash, or Protected Pension Age;
- Pensions you’re already taking an income from;
- Overseas pensions, including Qualifying Recognised Overseas Pension Schemes (QROPS);
- Crystallised plans.
Please note we can only accept defined contribution plans that have no safeguarded benefits or guarantees.
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.