Can I transfer my SIPP to another pension provider?
You can transfer your SIPP to any other UK-registered pension scheme or qualifying recognised overseas pension scheme (QROPS). We’d be very sorry to see you go, but if you want to transfer your SIPP to another provider at any time, then please call us on 0345 54 32 600 and we’ll explain the process to you.
If you've already accessed your SIPP, the part of the SIPP you've accessed must be transferred in full to the new pension scheme. If part of your SIPP hasn't been accessed, you can choose how much of the unaccessed part you want to transfer.
You can choose to transfer your SIPP in cash, by selling investments first, or you can choose to transfer your investments as they are. It costs £75 +VAT to transfer cash to another pension provider, and £75 + VAT to transfer investments – plus a £25 (no VAT) charge per holding you transfer. Transferring to a QROPS costs £250 + VAT – and keep in mind a QROPS transfer will need to be checked against your remaining lifetime allowance in case a tax charge applies.