Combine your pensions

Two or more pensions? it could be time to combine

It’s never been easier to combine your pensions and we can guide you through every step.




Why combine?

  • We won’t charge you to combine, but check your current provider doesn’t charge you a fee for leaving.
  • Save money – you could pay less on pension charges by combining with us.
  • Personalised support throughout the process and dedicated guides on our pension transfers site.
  • Less pensions will mean less paperwork and better control of your pensions.

Call us on 0345 608 0383

It only takes a 15 minute call to start combining

Let us call you at a time that suits

Arrange a call back

Speak to our specialists for a free consultation on whether combining is right for you.

You can call us Monday to Thursday (9am–8pm), Friday (9am–6pm) or Saturday (9am–1pm). Or let us call you.

For more information on combining your pensions visit our pension transfers site.


Am I eligible?

  • You can combine your pensions with a contribution of £10,000 (which can be made of more than one transfer)
  • There is no minimum age to combine your pension
  • You are under age 75 when you start your new policy
  • You are a resident in the UK

Pensions transfers require careful consideration. They aren't right for everyone and there are a number of things you need to understand before deciding if it is the right thing to do. Our online service and dedicated telephone support team provide helpful information to help you understand what type of pension plans and guarantees or benefits you may have, to help you make an informed decision on whether transferring is in your best interests. If you do decide to move any of your pensions they will be transferred on a non-advised basis. We do not offer financial advice as part of this process and you will be responsible for making sure that this is the right thing for you to do.

If you would like financial advice we can discuss the options available to you either through a Scottish Widows Adviser or we can help you find an independent financial adviser.

Do you know where all your pensions are? Scottish Widows

Did you know

On average people expect to have 11 different jobs in their lifetime. That’s a lot of pensions (Source DWP)

 

Why pay multiple pensions charges? Scottish Widows

Did you know

44% of people in the UK don’t know they can combine their pensions. (Source You Gov)





3 steps to combine


1 Speak to us


2 Processing and set up


3 Pension transferred



Call now 0345 608 0383

It only takes 15 minutes to start combining your pensions

Let us call you at a time that suits

Arrange a call back

You can call us Monday to Thursday (9am - 8pm), Friday (9am - 6pm) or Saturday's (9am - 1pm). Or let us call you.



Trace your old pensions

Trace a lost pension? Find out how in our Pension Basics in 30 seconds.

24secs

If you can’t find an old pension or remember who it was with, the Government have a pension tracing service that can help you track them down.

Pension Tracing Service


Find out more

20 minutes to find out more on our Pension Transfers site.

Take 15 minutes to call our experts and see if combining your pension is right for you – 0345 608 0383

We won’t be able to offer financial advice as part of this process but will be able to help you make an informed decision on whether transferring is in your best interests.

If you would like financial advice before combining your pensions we can discuss the options available to you through a Scottish Widows Adviser or we can help you find an independent financial adviser but remember there may be a charge for this advice.

You can also get free guidance on the Pensions Advisory Service or the Money Advice Service websites.

The Pensions Advisory Service the Money Advice Service



What our customers say

I can’t praise them enough. They made it so easy doing everything over the phone

They were exceptionally professional

This was the first time anyone had spent time trying to understand my situation & needs

Source: CSR International – Pension Consolidation research- Feb 2017

Pensions are a long-term investment. The retirement benefits you receive from your pension plan will depend on a number of factors including the value of your plan when you decide to take your benefits which isn't guaranteed, and can go down as well as up. The value of your plan could fall below the amount(s) paid in.