When we do this, we have a hierarchy and start by selling from your largest investment by value and by asset class. Important information - It’s important to understand that pension transfers are a complex area and may not be suitable for everyone. If you're new to Fidelity, you can open your account here. Fidelity’s Self-Invested Personal Pension (SIPP) has many great features to help you grow your money and be ready for the future you want. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on our site. Employer SIPP form. If the contributions to your pensions exceed the annual allowance, a tax charge may become payable. Exit fees will be reimbursed for transfers and re-registrations and account closure fees will be reimbursed provided the conditions above are met. Fidelity’s retirement service or find an adviser through the money advice service online directory of regulated advisers. Where a re-registration or transfer is not possible and the customer chooses to sell their investments held through another provider and subsequently make new investment/s (minimum £10,000) through Fidelity, Fidelity will cover any account closure fees charged by the customer’s former provider (excluding any dealing charges) of up to £500 per customer. When the time comes to begin taking your pension. This is because such benefits are normally lost once you transfer and cannot usually be reinstated. Plus get £25 when you invest online. contribute to your SIPP by completing our form. Find out more about how many pensions you can have. Not unless you die or we are ordered to do so by a court (for example as part of divorce proceedings). When you move your investments (minimum of £1,000) to us, we’ll reimburse any exit fees that your former providers charge you, up to a maximum of £500 per customer. If your employer will be the primary payer to the SIPP, you can open an account with the For a comprehensive view of our fees and charges please visit our fees and charges pages. download our guide to moving investments. You will not have to pay tax on money while it remains in your pension pot. No, we only accept monetary contributions into the Fidelity SIPP as either a lump sum or regular payments. Anyone can contribute to your SIPP as a single or regular contributor using our  Kent Products included: ISAs, Investment Accounts, EBS SIPP, Fidelity Personal Pension, Fidelity SIPP, Unit Trusts, OEICs, SICAVs, Exchange Traded Funds, Investment Trusts and Shares. For more information, you can speak to Pension Wise, HMRC or a financial adviser to understand the amount of tax you may have to pay. The benefits of investing come rain or shine. If you are in any doubt whether or not a pension transfer is suitable for your circumstances we strongly recommend that you seek advice from an authorised financial adviser. The minimum transfer value is £1,000 unless the transfer is from another provider and you’re immediately going to start taking money from it, then the minimum is £50,000. Where a re-registration or transfer is not possible and the customer chooses to sell their investments held through another provider and subsequently make new investment/s (minimum £10,000) through Fidelity, Fidelity will cover any account closure fees charged by the customer’s former provider (excluding any dealing charges) of up to £500 per customer. Defined-contribution occupational schemes, Pension schemes already paying a retirement income (pension drawdown plans), Free-standing additional voluntary contribution (FSAVC) plans. Update your operating system We believe that it is essential that you receive financial advice in order to make an informed decision. To get the best experience of our website and enhanced security, please update your web browser. If you die after the age of 75, any money you pass on will be taxable. Other fees or charges unconnected with the transfer will not be reimbursed. your partner) will be the primary payer, open your account with the We'll be in touch with all of our customers to inform you of these changes formally, or to find out more now, you can read our Doing Business With Fidelity document. Before going ahead with a pension transfer, we strongly recommend that you undertake a full comparison of the benefits, charges and features offered. Where a re-registration or transfer is not possible and the customer chooses to sell their investments held through another provider and subsequently make new investment/s (minimum £10,000) through Fidelity Personal Investing, Fidelity will cover any account closure fees charged by the customer’s former provider (excluding any dealing charges) of up to £500 per customer. Your pension pot grows free of UK tax and you can normally take up to 25% tax free cash from age 55, with the rest of your withdrawals subject to income tax at your marginal rate. You can hold any number of investments in your SIPP. If the customer is transferring investments to more than one provider from their former provider at the same time, Fidelity will only reimburse the fees which are incurred as a result of direct transfer or re-registration to Fidelity. These generally do not provide guarantees of future income at retirement but may still be valuable. In order to request exit fees re-imbursement you will be required to complete an exit fees re-imbursement form which you can download here, or request over the phone by calling us on 0333 300 3351. In order to request exit fees re-imbursement you will be required to complete an exit fees re-imbursement form which you can download by clicking here, or request over the phone by calling us on 0333 300 3351. SIPPs give you control over how your pension savings are invested and your savings generally grow free of UK income and capital gains tax. Before you apply to transfer a pension you’ve taken retirement benefits from, you must speak to Fidelity's retirement service. If you move your assets to another provider within 18 months of completing your transfer, Fidelity reserves the right to reclaim the value of the cashback given to you as part of this offer. There is no limit on the number of SIPPs that you can have. There is no need to contact us, as the amount will be automatically paid to you by the method confirmed in the offer. Bringing your pensions together could make them easier to manage. Until then, your money will be held within your SIPP in the investments you have selected and you cannot withdraw it unless you have a medical condition that prevents you from working.

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