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Transfer your pension into a TD SIPP

If you’d like to control your own pension and would benefit from consolidating them in one place, here’s what you could take advantage of with the TD SIPP:

Control your own retirement strategy and investment decisions

Consolidate your pensions in one place making it easier for you to manage

Reduce paperwork with one consolidated pension statement

Access your pension online or using your tablet or mobile

No transfer in fees

Flexible pension options available

You can transfer the following types of pension into the TD SIPP:

  • Personal Pension Plans
  • Pensions in drawdown
  • Other SIPPs
  • Stakeholder Pension Plans
  • Retirement Annuity Plans
  • Free Standing Additional Voluntary Contributions (FSAVCs)
  • Executive Pension Plans (EPPs)
  • Occupational Money Purchase Plans
  • Small Self-Administered Schemes (SSAS)

Expand Top 7 questions your existing provider will ask if you decide to transfer your pension

  1. What is the TD SIPP pension scheme reference number?
    00605674RH
  2. Is the TD SIPP a registered pension scheme under the Finance Act 2004?
    Yes
  3. Who is the scheme provider/administrator?
    AJ Bell Management Ltd
  4. What is the their address?
    Trafford House, Chester Road, Manchester M32 0RS
  5. Who is the scheme trustee?
    Sippdeal Trustees Ltd
  6. What are the transfer cheque payee details?
    Sippdeal Trustees Ltd ‘re your name’
  7. Some pension providers ask you to return your original policy document to them or include a written declaration with your transfer application if you’re unable to find your documentation.

What would a TD SIPP cost me?

It’s important that you know the ongoing costs of a SIPP.

Who provides the TD SIPP

TD Direct Investing provides investment dealing services, online account opening and payment facilities for the TD SIPP

AJ Bell Management Limited carries out the administration of the SIPP and is the Scheme Administrator.

Sippdeal Trustees Limited, a subsidiary of AJ Bell Management Limited, is the trustee and the legal owner of the TD SIPP assets with you (the customer) remaining the beneficial owner.

AJ BELL

Step by step Transfer Factsheet

Important Information and step by step guide.

Download

Lost your pension?

There is a government tracing service to help you find any pension schemes you may have lost track of.

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Pension transfer checkpoint


Whilst there are many benefits to transferring existing pension schemes into the TD SIPP it may not always be beneficial to do so. Before you decide to transfer to the TD SIPP you should check the following:

  • Will you lose any valuable benefits such as guarantees or bonuses or the potential to take a higher level of tax free cash than the standard 25% of your pension fund?
  • Will your existing provider make a charge for transferring out or charge a transfer penalty?
  • Does your policy offers guaranteed annuity rates? – Guaranteed annuity rates will often allow an individual to obtain a higher level of income at retirement than might otherwise be available. You may lose a valuable benefit if you transfer out from a scheme offering guaranteed annuity rates. For example, some providers offer guaranteed rates in the region of 10% - considerably higher than the rates generally available in the market now. You many need to receive advice from a suitably qualified financial adviser before the transfer can proceed.
  • Will any market value adjustment (MVA) apply on transfer from your existing provider? - This may be the case if you are invested in a With Profits fund which could result in the reduction of the value of your pension fund available to transfer. Some providers offer MVA free dates when it is possible to transfer without the penalty applying.
  • Is your employer contributing to your current pension scheme? - If they are you’ll need to check whether they will be prepared to contribute to the TD SIPP instead.
  • Do you belong to a certain occupation, such as a sportsperson? - Your existing pension may give you the right to take retirement benefits earlier than age 55 (known as a protected pension age). This benefit would be lost on transfer to the TD SIPP. The TD SIPP does not accept transfers from defined benefit schemes, e.g. final salary pensions.

During the transfer process there is a period of time you will not have access to your assets while the transfer is being completed. If you require further information, please call our Client Services Team on 0345 607 6001.

Transfer your current pension to TD

It’s simple to transfer. Transferring your pension as a cash payment usually takes 10 – 15 days to complete from receipt of your transfer request. If you’d like to transfer in your existing investments then the transfer will take longer but normally within 6 – 8 weeks depending on the type of investments you hold.

Request a transfer valuation of the pension(s) you wish to transfer
  • Request a transfer valuation and discharge form from your existing pension provider(s).
  • Check whether there are charges for leaving your existing pension provider.

Before you transfer your pension into a TD SIPP, we recommend that you read our SIPP Key Features Document, Terms of Service and are familiar with our Rates and Charges.

 
Complete the Key Features Illustration

To help you decided whether a SIPP is right for you.

 
Request a transfer valuation and discharge form from your existing provider

Check whether there are any charges for leaving your existing pension provider

 
 
Complete the Application

Here's details of what you'll need to complete your application.

 
Print, sign and send us the transfer form

This can be printed here along with any forms your existing provider has sent to you.

We will contact your current providers

We will contact your providers to process the transfer(s).

Understanding the risks


The TD SIPP is aimed at investors who have sufficient knowledge and experience of investing to make their own decisions and want to actively manage their investments. The TD SIPP is not suitable for every investor. Other types of pensions may be more appropriate.

The investments made within a TD SIPP can fall as well as rise and you may end up with a fund at retirement that’s worth less than you invested. You can normally only access the money from age 55 (57 from 2028).

Before you decide if opening or transferring an existing pension plan(s) is right for you, we recommend that you seek the advice of a suitably qualified financial adviser. Please note that AJ Bell Management Limited and SIPPdeal Trustees Limited are not able to offer advice. TD Direct Investing is not able to offer advice on your pension.

Please note the tax treatment of these products depends on the individual circumstances of each customer and may be subject to change in future.

If you are uncertain about the tax treatment of the products you should contact HMRC or seek independent tax advice.

The TD SIPP is administered by AJ Bell Management Limited. AJ Bell Management Limited is Incorporated in England and Wales under registration number 3948391. Registered Office: Trafford House, Chester Road, Manchester, M32 0RS. Authorised and regulated by the Financial Conduct Authority (Financial Services Register Firm Reference Number 211468). Sippdeal Trustees Limited is a wholly owned subsidiary of AJ Bell Management Limited, Incorporated in England and Wales under registration number 4050222. Registered Office: Trafford House, Chester Road, Manchester, M32 0RS. Sippdeal Trustees Limited does not conduct any regulated activities, and is, therefore, not regulated.

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