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Getting your pensions into one place

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If you’ve got pension pots with previous employers, you can normally transfer them into your new plan. Keeping your pension savings in one place could make them easier to manage, cost you less and give you greater choice, but it might not be right for everyone. There are a few things you need to consider before you make a decision, including:

  • the charges for each plan
  • whether there are any penalties for transferring
  • whether there are any benefits or guarantees you might lose if you move your money
  • what options are available at retirement

If you are considering transferring your plan to us, we recommend you read the Guide to pension transfers.


You can find lost pension pots through the Pension Tracing Service.

Getting advice

We would always recommend taking financial advice to make sure that transferring is the right thing for you. You can find an adviser in your local area at

We will only accept a transfer payment from a pension scheme that has safeguarded benefits or is invested in a With Profits Fund, if you have received financial advice that recommends you make the transfer.

Safeguarded benefits include some sort of guarantee about the rate of secure pension income that you, or your survivors, might receive. Examples include:

  • Defined Benefit scheme (referred to as final salary schemes)
  • Has a Guaranteed Annuity Rate
  • Has a Guaranteed Minimum Pension

You may be able to transfer from a defined benefit pension scheme without advice if the value of your transfer is under £30,000. You should be aware of the risks of transferring from a defined benefit pension scheme and understand the consequences of doing so. Please contact our helpline on 01737 230487 for further information.

We also cannot accept a transfer from a plan that is in income drawdown or flexi-access drawdown. You can check if any of these apply to you on your most recent pension statement from your previous provider.

If you decide you want to transfer other pension pots into this pension plan you can complete and return the NRDC Transfer In Form.

The timescales to complete your transfer can vary. If your previous provider uses the pension provider paperless transfer service your pension transfer could be completed within 10 working days.

If completion of your transfer request needs to go through the post it will take longer, sometimes up to 8 weeks. This depends on your previous provider’s requirements and they may ask you to complete further forms to transfer your pension plan.


Guide to pension transfers

This explains what you should think about when deciding whether to transfer an old pension plan.


Finding lost pensions

You can find lost pension pots through the Pension Tracing Service.