Transferring Your Pension

Can I transfer existing pensions to Netwealth?

Yes, you can transfer pension benefits from other registered pension schemes or Qualifying Recognised Overseas Pension Schemes (QROPS) into your Netwealth Personal Pension.
There is no guarantee that transferring another pension arrangement to your Netwealth Personal Pension will increase your total retirement benefits. There could be a number of reasons why it might not be appropriate to transfer in existing pension benefits and we strongly suggest you take financial advice if you are considering this option.
To transfer your Pension to Netwealth download, print and fill out our Pension transfer form. Once you have filled out and signed the form, it needs to be sent in the post to Netwealth Investments Limited, 60 Charlotte Street, London W1T 2NU.
Please note: we are unable to accept any transfer from a defined benefit (final salary) pension scheme unless you have received advice in relation to the transfer from a suitably qualified financial advisor and they have recommended that you proceed with the transfer.

Is there a charge to transfer?

There is no charge to transfer into Netwealth.  However, your existing provider may levy a transfer or exit fee and you should check this with them before requesting the transfer.

How long does it take?

The transfer period from when you instruct us to completion of the transfer can take up to 10 weeks, due to the complex nature of pension transfers.

Can I transfer crystallised and uncrystallised monies into the Netwealth Personal Pension?

Both crystallised and uncrystallised monies can be transferred into your Netwealth Personal Pension.

What are the benefits of transferring?

There are a number of benefits to transferring existing pensions or SIPPs into your Netwealth Personal Pension, the main one being consolidation. Individuals often accumulate more than one pension and transferring these into a Netwealth Personal Pension offers a transparent and cost-efficient way to have everything managed in one place with an asset allocation consistent with your chosen level of risk..
Additionally, our pension account offers a great deal of flexibility in taking benefits including flexi-access drawdown and UFPLS (Uncrystallised Funds Pension Lump Sum).