Pension Transfers

Fees, benefits, hidden terms and conditions – they differ with every pension provider. If you’re thinking about transferring or switching your pension to a new provider – talk to us. We’ll make sure it’s the best decision for you and could even save you from making a costly mistake.

Call us now on 0161 413 7051 or arrange a call back.

Important information: Our website offers information about investing and saving, but not personal advice. If you’re not sure which services are right for you, please request advice from Hilltop’s financial advisers. Remember that investments can go up and down in value, so you could get back less than you put in.

Why transferring your personal pension could be beneficial

With compulsory pension auto-enrolment, many people have found themselves with several pension funds. They are not fully aware of the details of what they get charged by the provider. With thousands of products available, it could be beneficial to take professional advice to find the most suitable product for you and transfer to a new provider.

  • Transferring your pensions into one policy could make it easier to keep track of your pension pot value.
  • Switching to a pension fund with lower charges could help your retirement fund grow quicker.
  • Assessing your attitude to financial risk could show that your current pension product is in a riskier fund than you’d like. Transferring to a more suitable risk level could be beneficial.
  • Your current pension policy may not offer you the options you are looking for, transferring to a pension that provides those facilities could help with retirement planning.
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Provider fees can be hampering your pension

Pension provider fees can make a significant difference in the amount of money you can enjoy in retirement. The difference between 2% and 0.5% may look small. Still, in terms of impact on your pension funds, it could be the difference between a comfortable or a challenging retirement.

Our pension fee calculator can show you the vast differences pension provider fees can make over time on your pension. Enter your current pension value, your age and the age at you wish to retire, and see the difference fees can make.

Would like to get a personalised forecast? Speak with our pension specialists today and start your pension assessment.

Calculate

* Performance calculated using fixed 5% growth rate and monthly compound interest. The examples shown are for representative purposes only and should not be used as a pension forecast or advice.

What does our pension review service cover?

pension advice Advice
Alongside the assessment of your current product, we could also put together a financial retirement plan.
Pension performance Planning
Our advisers can work with you to put together a financial retirement plan that will help you to enjoy your retirement without the worry of running out of money.
Pension drawdown Drawdown
Thinking about taking your pension money flexibly but not sure how or whether it’s right for you?
Pension consolidation Consolidation
If you have multiple pension plans with different providers, you may have a difficult time keeping track of them properly.
UK pension providers

We work with the biggest and most reputable UK pension providers

Talk to us

Pop the kettle on and give us a call

Even after you’ve done your research, you’ll probably still have some questions. Why not give one of our friendly team a call and explore whether financial planning advice might be right for you.

Call now on 0161 413 7051
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Mon to Thurs 9am – 5pm and Fridays 9am – 4pm

Frequently asked questions

Should you have any queries about our services, or if you can’t find what you’re looking for simply get in touch with our friendly team who are here to answer any questions you might have.

Consolidating your pensions from different employers is run in the same format as a regular pension consolidation service. It’s generally not recommended to combine out of your current workplace pension, but in some cases, you can combine and transfer your other funds into your current workplace pension. Please speak with our team to find out all of your options.

Retirement Income Planning is the process of assessing how much income you will need in retirement and then making decisions and actions on how to achieve the targeted income. Your financial advisor will work with you to make a detailed retirement plan to help achieve your goals.

To combine your pensions, a financial advisor will need your authority to speak with your pension providers and then your authority to act on your behalf to transfer your pensions into the recommended product.

By initially giving the financial advisor the power to speak with your providers (Letter of Authority) the financial advisor will request the relevant information they need to make any recommendations on if consolidation is right for you, where to combine and potentially transfer your pensions.

For the full process of combining your pensions, please speak with our team.

A 25% Tax-free lump sum is calculated on the total value of your defined contribution pensions, rather than specific to each policy. The advisers at Hilltop will be able to give you guidance on your options.

Tax treatment depends on the individual circumstances of each client and may be subject to change in future.

Capital at Risk.

Depending on your current pensions, you could lose money when combining your pensions, if they have exit fees included or any guaranteed rates included. By speaking with our advisers, they can check to see if any of your current pensions have any clauses attached and help you to make the right choices about pension consolidation. If we don’t think that pension consolidation is in your best financial interests, we will tell you that too.

Capital at Risk.

There are several ways of consolidating your pensions. But, we believe the best way to consolidate them and to ensure you’re getting the best pension policy for your circumstances is to speak to our team.

We will quickly assess your current pensions and offer advice and recommendations on where to consolidate your funds. The advice we give is always in your best financial interests, and by speaking with us, we can take some of the decision processes from you and guide you to a more suitable pension, rather than a fit for all pension you may see online.

Capital at Risk.

Combining your pensions could have many benefits. Putting your pensions into one policy can help you to keep track on the value of your funds, quickly see the performance of your fund and also you could benefit from lower management charges than having multiple pensions.

With all your funds in one place, you could furthermore reduce the chance of losing track or forgetting about that smaller pension pot that you accrued with an old employer. Pension consolidation isn’t for everyone, though, so please speak with one of our advisers before moving your pensions.

Capital at Risk

You could drawdown from a personal pension from your 55th birthday. In some circumstances i.e. ill health, your pension provider may allow you to take money from your pension, but this is at their discretion.

Capital at Risk

Hi there!

We just need to take a few more details to understand what we can help you with and when is convenient for us to call you back. Gives you a chance to pop the kettle on ☕

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What would you like our expert advice on?

Pensions

Investments

Insurance

pension advice

Other

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Is there any advice in particular?

Review

Pension drawdown

Drawdown

Pension consolidation

Consolidation

Pension performance

Transfers

Not Sure

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Finally, just pop your details here and we’ll be in touch