Transfer in limits removed

If you have built up benefits in another pension scheme you may be able to transfer these into your Personal Account at the discretion of the Trustee and the Company.

Previously the maximum amount you could transfer was £300,000.

Changes from 1 May 2024

From 1 May 2024, this limit has been removed. There are now no limits to the amount you can transfer into your Personal Account from other registered pension schemes.

For more information about transferring benefits from another scheme into your Personal Account see the ‘Transfers in’ section of this website.

Before making any big financial decision, like transferring your pension benefits, you should seek independent financial advice. If you do not have a financial adviser, details of those near to you can be found at register.fca.org.uk.

Please note, transfers from Defined Benefit (DB) arrangements are not allowed.