If you’re building up pension savings with NOW: Pensions and have pensions elsewhere, you may be able to transfer them into our pension. We don’t charge you to transfer your pension savings in or out.
Alternatively, if you’re no longer working for your employer but still have pension savings with us, you could transfer them out to another pension provider.
If you’ve got other pensions, you may be able to transfer these in. We’ll need to check we can accept the transfer, as not all pension savings can be transferred in.
You can transfer your pension savings out to another provider as long as:
We don’t charge you to transfer your benefits out, although it’s possible the pension provider you’re transferring to will make a charge. You should check this before starting your transfer.
Transferring is a big step and you’ll need to think about it carefully. It’s worth getting help from a regulated independent financial adviser. Financial advice can seem expensive, but it could be money well spent if it gets you a better retirement income. For some types of pension, you may have to take financial advice before you can transfer them to another provider.
Your adviser must:
The following organisations don’t give financial advice, but they do offer free, impartial information and guidance to help you understand your pension savings. They don’t offer personalised financial advice.
