The rules for SIPP transfers are exactly the same
as those for personal pensions, meaning
that it is generally possible for a member of a SIPP to transfer
their benefits to any occupational pension scheme
they join, a personal or stakeholder pension, an FSAVC
(if this is active) or indeed another SIPP.
SIPPs can accept transfers from the following types of UK
pension plan:
A SIPP can also accept a transfer from an overseas pension
arrangement although this does depend on the specifics of the
situation.
Since 1 October 2008, it has been possible to transfer Protected
Rights funds into a SIPP. Protected Rights is the name
given to the fund accumulated from National Insurance rebates
whilst contracted out of the State Additional Pension.
Q & A's
Generally Protected Rights have to be held separately from a
SIPP, because they need to be held within certain types of
investment vehicle. This restriction may be subject to change in
the future. Please check the position with your SIPP provider.
Yes. This has been possible since 1 October 2008.
No, unless the arrangement is in drawdown. SIPPs can accept
transfers in drawdown from other personal pension plans, including
SIPPs.
