We don’t charge any administration fees for you to transfer pension savings into your pension pot with us, however some providers do charge you to transfer money out.
There is an annual management charge made up of 3 elements:
- a management charge of 0.5% of the value of your pension pot each year
- a potential rebate on the management charge of between 0.1% on savings over £6,000 and 0.3% on savings over £50,000
- an annual charge of £2.50 deducted during the scheme year (which runs from 1 April to 31 March), if you have investments with us as of 1 April.