Ready to combine

Please answer the following questions so we can make sure you’re ready to combine your pensions.

Q1

Are you aware that this service does not include financial advice?

Yes No / Not Sure Change answer

This service is ‘non-advised’ which means it does not include financial advice. You need to be confident about making decisions about combining your pensions on your own.

Visit our help and support section to find advice.

Continue without advice

Q2

Have you checked you can transfer your plans using this service?

Yes No / Not sure Change answer

It is important to check your existing pension plans and what we can accept because there are certain types of pensions and benefits we will not accept. To check you can transfer please visit ‘Can I do it?

Q3

Have you checked your existing plans and considered what you might be giving up?

Yes No / Not sure Change answer

It is important to check your existing pension plans to consider what you might be giving up so you can compare them with the Scottish Widows plan you will be transferring into. Please visit 'Is this right for me?' to do this.

Q4

Do you have all the details you need to combine your pension pots?

Yes No / Not sure Change answer

You need to give us some details as part of the pension combining process.
These are:

  • Your National Insurance number
  • The existing policy provider's name
  • The policy number of each plan you want to combine with us
  • Scheme name (if it’s a workplace pension)
  • The transfer value of each plan
  • Your Scottish Widows pension policy, if you have one

We can help you find the details.

Continue to question five

Q5

Are you already a Scottish Widows pension customer?

Yes No / Not sure Change answer

If you don’t have a pension with us, you’ll need to set up our flexible and easy to manage Scottish Widows Retirement Account. It gives you flexibility on how you can invest and take money when you retire.

We support you setting this up over the phone on 0345 845 0545. Lines are open Monday to Thursday 9am–8pm, Friday 9am–6pm and Saturday 9am–1pm.

If you’re not sure you have a pension with us, call 0345 608 0380.

Find out about our Retirement Account.

Q6

What kind of pension do you have with Scottish Widows?

If you’re not sure, we can help you find out what type of plan you have with us. Please call 0345 608 0380. Lines are open Monday to Thursday 9am–8pm, Friday 9am–6pm and Saturday 9am–1pm.

Workplace Pension Retirement Account Other type of pension Change answer

You’ll need to set up our flexible and easy to manage Scottish Widows Retirement Account. It gives you extra flexibility on how you can invest and take your money when you retire.

We support you setting this up over the phone on 0345 845 0545. Lines are open from Mon–Thurs 9am–8pm, Friday 9am–6pm and Saturday 9am–1pm.

More about Retirement Account

Q7

Do you agree with the following eligibility statements?

  • My employer is currently paying into my Scottish Widows Workplace Pension (either a Group Personal Pension or Group Stakeholder Pension).
  • The pension I want to transfer to you is NOT a defined benefit pension. This is sometimes called a 'final salary' pension. It does NOT have guarantees that we can't accept. It is NOT part of a block transfer. It is NOT the result of a pension sharing order.
  • My employer is NOT paying into the pension I want to transfer.
  • I am a UK tax payer and live in the UK.
  • I am under 75.
  • I am NOT taking income from the pension I am looking to transfer.
  • I am NOT transferring a pension from an overseas scheme.
  • I am NOT transferring part of a pension plan.

Check ‘Can I do this?’ if you’re not sure.

Yes No / Not sure Change answer

Help is at hand.

Combining your pensions can be a complicated decision,
if you need more information or support, just call us on:

0345 608 0380

Lines are open from Mon–Thurs 9am–8pm, Friday 9am–6pm and Saturday 9am–1pm.

Q8

Have you checked these important factors?

  • I have checked ‘Is it right for me?’ to see if I will lose any features and benefits in the pension I’m transferring.
  • I understand that if I go ahead with the transfer, my previous plan will no longer exist.
  • I understand that Scottish Widows will not charge me to transfer. But, my previous provider may apply an exit penalty.
  • I understand that money from the plan I transfer will go into the same investment option(s) in my Scottish Widows Workplace Pension. I can change this at any time. To review my investment options I can look at my annual statement, my policy documents, or log in to my workplace pension site.
  • I have compared the plan I wish to transfer with my Scottish Widows Workplace Pension.

I understand that I have the right to change my mind. I can cancel the transfer within 30 days of transferring. However, if I do, my previous provider does not have to accept the money back. I may need to make alternative arrangements

In some cases your existing pension provider will need your written authorisation to make the transfer to us. We will let you know if this is the case.

If you have applied to transfer a Lloyds Banking Group pension that has Protected Tax Free Cash and/or Protected Retirement Age, we will be in touch. We want to make sure you are happy to go ahead, because you will lose these features. We will not go ahead with your transfer until you confirm this.

We will base the value of your transfer on the date you confirm you are happy to go ahead. We estimate it could take from two to four weeks for us to complete the transfer.

Yes No / Not sure Change answer

Help is at hand.

Combining your pensions can be a complicated decision,
if you need more information or support, just call us on:

0345 608 0380

Lines are open from Mon–Thurs 9am–8pm, Friday 9am–6pm and Saturday 9am–1pm.

Q7

Do you agree with the following eligibility statements?

  • I have a Scottish Widows Retirement Account.
  • The pension I want to transfer to you is NOT a defined benefit pension. This is sometimes called a 'final salary' pension. It does NOT have guarantees that we can't accept. It is NOT part of a block transfer. It is NOT the result of a pension sharing order.
  • My employer is NOT currently paying into the pension I want to transfer.
  • I am a UK tax payer and live in the UK.
  • I am under 75.
  • My Retirement Account does NOT use self-invested options.
  • I am NOT taking income from the pension I am looking to transfer.
  • I am NOT transferring a pension from an overseas scheme.
  • I am NOT transferring part of a pension plan.

Check ‘Can I do this?’ if you’re not sure.

Yes No / Not sure Change answer

Help is at hand.

Combining your pensions can be a complicated decision,
if you need more information or support, just call us on:

0345 608 0380

Lines are open from Mon–Thurs 9am–8pm, Friday 9am–6pm and Saturday 9am–1pm.

Q8

Have you checked these important factors?

  • I have checked ‘Is it right for me?’ to see if I will lose any features and benefits in the pension I’m transferring.
  • I understand that if I go ahead with the transfer, my previous plan will no longer exist.
  • I understand that Scottish Widows will not charge me to transfer. But, my previous provider may apply an exit penalty.
  • I understand that money from the plan I transfer will go into the same investment option(s) in my Scottish Widows Retirement Account. I can change this at any time. To review my investments I can look at my annual statement or policy documents. For my options, I can read the Retirement Account Key Features.
  • I have compared the plan I wish to transfer with my Retirement Account.
  • An adviser may have set up my Retirement Account. They might get an on going fund based adviser charge or trail commission. So I pay a percentage of the money in this plan to them. I understand that if I add to this total with a transfer, this will increase how much I pay. I should talk to my adviser about this.

I understand that I have the right to change my mind. I can cancel the transfer within 30 days of transferring. However, if I do, my previous provider does not have to accept the money back. I may need to make alternative arrangements.

In some cases your existing pension provider will need your written authorisation to make the transfer to us. We will let you know if this is the case.

If you have applied to transfer a Lloyds Banking Group pension that has Protected Tax Free Cash and/or Protected Retirement Age, we will be in touch. We want to make sure you are happy to go ahead, because you will lose these features. We will not go ahead with your transfer until you confirm this.

We will base the value of your transfer on the date you confirm you are happy to go ahead. We estimate it could take from two to four weeks for us to complete the transfer.

Yes No / Not sure Change answer

Help is at hand.

Combining your pensions can be a complicated decision,
if you need more information or support, just call us on:

0345 608 0380

Lines are open from Mon–Thurs 9am–8pm, Friday 9am–6pm and Saturday 9am–1pm.

READY TO TRANSFER YOUR PENSIONS?

If you feel it's right for you to combine your pensions and you have your details ready, then you're ready.


Start your transfer online

READY TO TRANSFER YOUR PENSIONS?

If you feel it's right for you to combine your pensions and you have your details ready, then you're ready.


Start your transfer online