Transfer your pension to the Vantage SIPP

If you want to take control of your existing pensions in the search for better performance and the resulting higher income when you retire, the HL Vantage SIPP could be for you.

I don't think I made a better financial decision in my life than to transfer to the HL SIPP

Mr Briskham, Bristol

Thousands of people with existing pensions are voting with their feet and switching to the HL Vantage SIPP.

In 2008, a survey revealed that 99% of our clients who had switched to the HL Vantage SIPP would recommend it to a friend. The potential for better growth is not the only reason people are switching:

• Low charges - no set-up fee, no transfer-in fee and no additional annual fee on more than 2,200 funds.
• Discounted funds - up to 5.5% initial savings on top performing funds.
• Monitor and manage your pension online, by phone and by post. You can always check the value of your pension.
• Award winning service - if you have a question you can speak to our Bristol based pensions team. They will answer your questions in plain English.
• Investment ideas and research - get frequent information on investments we believe have potential as well as updates on many investments you already hold.

The level of service you have provided relating to the transfer of existing pensions into the HL SIPP has been excellent. Thank you and well done.

Mr Barr, Angus

Transferring your pension to the HL Vantage SIPP is easy. Simply complete the Transfer Authorities section of the application form then leave the rest to us. We'll contact your existing pension provider to arrange the transfer of your pension and then let you know when you can start enjoying the freedom of our SIPP.

What pensions can I transfer into the Vantage SIPP?

We can accept most types of pension (£5,000, min), normally without the need for you to take advice. These include:

• Personal Pensions Plans
• Stakeholder Pension Plans
• Retirement Annuity Contracts
• Other SIPPs
• Free Standing Additional Voluntary Contribution Plans (FSAVCs)
• Executive Pension Plans (EPPs)
• Most Paid Up Occupational Money Purchase Plans

If your pension is not listed above then please contact our helpdesk on 0117 980 9926 for more information.

Before transferring to the SIPP you should check whether the benefits such as your tax free cash entitlement are comparable with those offered by your existing pension and should make sure you are aware of any penalties you may be charged or any bonuses or guarantees you may lose.

If you have had an annual income of £130,000 or more since April 2007 and make regular contributions to a pension, changes announced in the 2009 Budget may affect you. Switching regular contributions to a new pension may mean future regular contributions are subject to a £20,000 limit. Download our Budget factsheet for more details.