Transfer your pensions to Nutmeg


Why should you transfer your pension?

These days, we tend to move jobs quite often. Transferring your various pensions to one provider could save you money on fees and also allows you to see all your retirement savings in one place. But remember that some old pensions, especially final salary schemes, have valuable benefits that would be lost if transferred, so you may need to do some homework.

With Nutmeg you can bring your pensions and other investments into one easy-to-use online account. Set up a new personal pension from scratch in minutes or transfer in your pensions from other providers. You simply fill in the details of the pensions you’d like to transfer and we’ll take care of the rest.

You can transfer SIPPs, personal pensions and other defined contribution pensions to Nutmeg so long as you haven't started to take income from them - known as drawing down from your pension.

We can’t accept transfer of defined benefit, or ‘final salary’, workplace pensions. Find out more about the different types of pension.


How long does it take?

The majority of pension transfers will take no longer than three weeks to complete. Some pensions might take a little longer, around 2–3 months.

When you start a Nutmeg pension, there are no set-up fees. You may want to check any exit fees with your current pension providers, or any benefits you may lose as a result of switching. Here’s a list of what to check before you transfer your pension.


How to get started

You can create a sample portfolio for your pension pot by following the 'Invest now' button at the top of this page. For now, you’ll have to do this on a desktop or tablet. By entering the value of your current pensions you’ll see an illustration of what you might receive when you retire as well as the portfolio that we’ll manage for you. Once signed up, you’ll be asked to enter the details of your current pension or pensions to begin the transfer process.


I can’t find my pension information — what should I do?

If you’ve got pensions from previous employers which are lost or long-forgotten, don’t worry — you’re not alone. Nutmeg provides a handy Find and Combine service in partnership with MyFutureNow, which can help you collect all your pensions in one place.

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