Got lots of pension pots?

Combine them in our low-cost SIPP and get investing

Want to consolidate your pensions?

How many pensions do you have? It's not unusual, if you’ve been working a while, to have several workplace pensions to your name – each begun with a different employer. A lot of pensions means a lot of paperwork. But admin isn’t the only problem. When your retirement savings are scattered, it’s hard to get a picture of your overall pension pot and know whether you’re saving enough.

But by combining your pensions in an AJ Bell Youinvest SIPP, you can see – and control – everything in one place. You'll know exactly how your pension is performing, and exactly what you're paying in charges. Before you start, take a look at our checklist to help you decide whether moving a pension is right for you.

Consolidating your pensions

Why combine your pensions with us?

  • Control – our SIPP lets you manage your pension yourself 24/7, both online and on the go with our mobile app
  • Low cost – it’s free to open a SIPP and transfer in an existing pension, and you can buy investments from just £1.50
  • Choice – you’ve a much greater range of investments than a traditional pension scheme. That includes our no-hassle AJ Bell funds, and time-saving investment ideas
  • Convenience – you’ve just one pension to keep an eye on, meaning less paperwork and fewer logins to remember
  • Extra retirement options – when the time comes to access your SIPP, you’ve greater choice about how you do it, such as via drawdown

How to move your pension to AJ Bell Youinvest


Open a SIPP with us online in under 10 minutes.


Enter the details of the account(s) you want to transfer.


We’ll contact your current pension provider(s) to get the transfer started.

Ready to get started? Open a SIPP

Already have a SIPP with us? You can start the transfer process by logging in and from the 'My account' menu, choosing 'Transfers', then 'SIPP'

From there, our transfers team will handle all the admin. Most transfers won't need you to complete any paperwork, but we'll be in touch if we need any from you. We’ll let you know when the transfer of each pension is complete. Find out more about transferring a SIPP.

Moving-your-pension checklist

Before you move a pension to an AJ Bell Youinvest SIPP, it's important to make sure you won't lose money, or any valuable benefits by doing so. Here is everything you should check:

  • If you transfer out, will you be charged an exit penalty or face a market-value adjustment (MVA)?
  • Will you lose any valuable benefits? Examples include a guaranteed annuity rate, the right to take more than 25% of your fund tax free, or a pension paid to your spouse when you die
  • Does your employer pay into your existing pension, and if so, will they pay into a SIPP?
  • Does your existing pension already let you access the investments you want? How do its costs compare to those of a SIPP?
  • Do you have a final salary (also known as 'defined benefit') pension, which guarantees a lifelong retirement income? If so, you’re probably better off not switching. If you aren’t sure, check with a suitably qualified financial adviser. To transfer a final salary pension worth £30,000 or more, you and your adviser will need to complete this financial advice declaration form.

Remember that if you do decide to transfer, selling your investments first means you’ll be out of the market and could lose out on potential gains. You can transfer investments to an AJ Bell Youinvest SIPP without selling them first.

Is a SIPP right for me?

That depends on whether you’re happy making your own investment decisions. In a SIPP, you’ll be responsible for managing your pension yourself, and need to be comfortable that the value of your investments can change and you could lose money as well as make it. You'll also need to have the time to monitor your investments to make sure your savings are on track. If you’re not sure if a SIPP is for you, it’s a good idea to take advice from a suitably qualified financial adviser.

How do I track down ‘lost pensions’

Not sure how to find an old pension? The government’s free Pension Tracing Service may be able to help. Visit or call 0345 6002 537 for more information.

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We make investing easier

For nearly twenty years, AJ Bell Youinvest has helped people invest in the life they want to live. We’re part of AJ Bell, one of the largest investment platforms in the UK, with £68.7 billion in assets under administration.

Our awards

We're a Which? Recommended Provider four years running – in 2019, 2020, 2021 and 2022. We are also proud to be named a Which? Recommended Provider for SIPPs for three years in a row – 2020, 2021 and 2022.

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