Important information: The value of investments can go down as well as up so you may not get back what you invest. Eligibility to invest in a SIPP and tax treatment depends on personal circumstances and all tax rules may change in the future. The minimum age you can normally access your pension savings is currently 55, and is due to rise to 57 on 6 April 2028, unless you have a lower protected pension age. It’s important to understand that pension transfers are a complex area and may not be suitable for everyone.
You'll need the following:
Once you’ve opened your SIPP, you can then choose what investments you’d like to hold in your new account.
Transferring a pension to Fidelity
Bring an existing pension to Fidelity by going to our Transfer a Pension page to keep all your pensions in one place.
Select one of these options to get started. If you’re an existing customer, when you log in to open your SIPP, we’ll fill in your details so it’ll be easier for you.
If you already have a Fidelity account, log in here to open your SIPP.
If you're new to Fidelity, you can open your account here.
Not sure if this is right for you? Learn more about Fidelity’s flexible, award-winning SIPP, which can help you to save for retirement with significant tax benefits.
The minimum age that most customers can access their pension benefits is currently age 55, however, the Government is proposing to increase this to 57 from 6th April 2028. The Government has outlined its proposals in a consultation document which can be found here.
In the consultation the Government proposes that existing pension members, as at 11th February 2021, can have their retirement age of 55 protected for pension benefits in that particular scheme.
When a customer transfers their pension to or from another scheme the current proposals state that the protected retirement age would be lost.
In addition to this, customers who will be 55 after 6th April 2028, and open a pension after the 11th February 2021, could have to wait until they are at least 57 before accessing their pension savings without incurring additional tax charges (unless they are taking their pension due to ill-health).
As this is a consultation, it is not is not yet certain that the Government will go ahead with its proposals as outlined.
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The minimum age that most customers can access their pension benefits is currently age 55, however, the Government is proposing to increase this to 57 from 6th April 2028. The Government has outlined its proposals in a consultation document which can be found here.
In the consultation the Government proposes that existing pension members, as at 11th February 2021, can have their retirement age of 55 protected for pension benefits in that particular scheme.
When a customer transfers their pension to or from another scheme the current proposals state that the protected retirement age would be lost.
In addition to this, customers who will be 55 after 6th April 2028, and open a pension after the 11th February 2021, could have to wait until they are at least 57 before accessing their pension savings without incurring additional tax charges (unless they are taking their pension due to ill-health).
As this is a consultation, it is not is not yet certain that the Government will go ahead with its proposals as outlined.
Important information: This information is not a personal recommendation for any particular investment. It’s important to understand that pension transfers are a complex area and may not be suitable for everyone. Before going ahead with a pension transfer, we strongly recommend that you undertake a full comparison of the benefits, charges and features offered. To find out what else you should consider before transferring, please read our transfer factsheet. If you are in any doubt whether or not a pension transfer is suitable for your circumstances we strongly recommend that you seek advice from an authorised financial adviser.
