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Your Investment Options


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Transfer an existing pension

Funds you have chosen

What percentage of the amount you are transferring would you like to assign to each investment?

Percentage remaining - will be left in cash
100.00 %

Why would I leave my money in cash?

You can hold your money in cash and choose your investments later. If you want to withdraw money immediately, the amount you want to withdraw needs to be available in your account as cash, with no transactions pending.

Please note, you also need cash to pay for any charges and investments may be sold to cover a charge if cash is not available.

100.00 %

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Apply for the Aviva Pension

You're nearly there. We just need you to read our key documents and some important information about this pension before you can apply.

Key documents

Please take the time to read these documents and save them for future reference.

If you've not already viewed our Aviva Pension page, head there to learn more about its features, charges and how it works.

Aviva Pension

Terms and conditions

PDF (467KB)

Read our terms and conditions before applying for the Aviva Pension. We may make changes to this document from time to time. If we make changes after you have taken out an Aviva Pension, an updated copy will be provided in your MyDocuments folder in MyAviva.

Aviva Pension

Key features

PDF (234KB)

This document contains information on everything from charges and risks, to minimum contribution details and general information.

Aviva Pension

Service information

PDF (90KB)

Learn more about the services we provide, who regulates us and more details about our product offering.

Before we continue

While we can give you all the facts about our products and services, we can't give you personalised financial advice and nothing on our website is a personal recommendation.

We also don't assess the suitability of the investment - meaning you won't receive the protection that applies when investments are subject to assessment - so make sure you're certain the Aviva Pension is right for you and you're aware of the risks before you apply. If you are not sure if the Aviva Pension is right for you then you should seek financial advice before going ahead.

Important information

  • The value of investments could go down as well as up. You may get back less than the amount that has been paid in.
  • You should think of your investment funds as a medium to long-term investment for a period of at least 5 years.
  • If you haven't yet chosen an investment option, please be aware that this is an investment product and isn't designed to hold cash in the long term.
  • Once you have paid into your pension you can't normally access your funds until you're 55 (under current rules).
  • You have an annual allowance(Help?)of £40,000, which may potentially reduce for high earners. If you invest more than this into your pension(s) in any one tax year, the excess will be taxed at your marginal rate(Help?)(although this can be offset with any unused allowance from the previous three tax years). Subject to the annual allowance(Help?)limit, tax relief (Help?) is given on up to 100% of your annual earnings or up to £3,600 if your annual earnings are below this amount.
  • Taking taxable income from your pension changes your annual allowance to a money purchase annual allowance(Help?)of £4,000.
  • Information on taxation is based on our understanding of current UK legislation and practice. However, tax rules may change in the future and will depend on your individual circumstances.

By continuing with this application you confirm that you've read our Fair Processing Notice (PDF 107KB), which explains how we share your data and what your rights are in relation to the personal information we use to process your application.

Ready to apply

You'll need a MyAviva account before you can apply. If you don't have a MyAviva account yet, registration is free and only takes a few moments.

  • You must be a UK resident aged 18 or over to apply
  • Make sure you have your National Insurance number at hand for the application process

Transfer an existing pension

Want to transfer an existing pension? Let's get started.

There are risks involved and you may need advice for which you will be charged. Capital at risk.

Financial advice

If you're looking for help with your investment options, our financial advice support team can help you decide whether financial advice is right for you.

Get financial advice

Contact us

Still need some help? Just give us a call.

Monday to Friday: 8:00am - 6:30pm

Saturday: 8:30am - 12:00pm

For our joint protection telephone calls may be monitored and will be recorded and saved for a minimum of five years.

Annual allowance

The maximum amount you can invest into defined contribution pensions each year and receive tax relief on – currently this is £40,000.
Individuals with income (including the value of any pension contributions) of over £150,000 and who have an income (excluding pension contributions) in excess of £110,000 will be subject to a tapered annual allowance. The rate of reduction in the annual allowance is £1 for every £2 of income over £150,000, up to a maximum reduction of £30,000.

Marginal rate

Income Tax is split into bands and you pay different rates based on these bands. The marginal rate of tax is the highest rate of income tax you're liable to pay in a particular tax year from all your sources of income. Any increase in income may affect your marginal rate, meaning you could have more to pay. The Government sets the levels of tax rates on an annual basis and these may be different under rules for different parts of the UK.

Tax relief

When you pay into your pension, you get tax relief at the basic rate of tax (currently 20%) on contributions up to the greater of £3,600 and 100% of your annual earnings, subject to an overall maximum (annual allowance) of £40,000. So a monthly payment of £100 will only cost you £80 as the Government pays the other £20. We (Aviva) claim this for you and add it your pension savings - this is called 'relief at source'. If you pay tax at more than the basic rate, you will need to claim the extra relief through your annual tax return. Note that tax rules and allowances in different parts of the UK may differ.

Money Purchase Annual Allowance (MPAA)

If you take any taxable benefits (such as starting income drawdown, or taking a lump sum other than your tax-free cash) by flexibly accessing a defined contribution (money purchase) pension plan, you will be subject to a money purchase annual allowance of £4,000 yearly for all future contributions to defined contribution pension plans. You will still have an annual allowance of £40,000 in total, but no more than £4,000 of this can be used to contribute to defined contribution pension plans, with the remainder being available for other types of pension investment.

Defined contribution

A defined contribution pension is where you, your employer or a third party like your spouse or civil partner can all make agreed contributions to your pension fund. By the time you retire, the size of the pension fund will depend on contributions made, length of time invested, investment returns and charges taken.

Defined benefit

This is a pension scheme in which the members are entitled to a certain level of pension benefit. It is defined by a formula which uses the member's length of pensionable service in conjunction with their salary to help determine benefits upon retirement. A final salary pension scheme is probably the most common type of defined benefits pension scheme.

Product provided by: Aviva Pension Trustees UK Limited. Registered in England No. 2407799. Aviva, Wellington Row, York, YO90 1WR. Authorised and regulated by the Financial Conduct Authority. Firm Reference Number 465132.

Aviva UK Digital Limited introduces to Aviva Pension Trustees UK Limited for pensions. Aviva UK Digital Limited is registered in England No. 09766150. Registered office: St Helen's, 1 Undershaft, London EC3P 3DQ. Authorised and regulated by the Financial Conduct Authority. Firm Reference Number: 728985.