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Your Investment Options


Funds you have chosen

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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?

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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 %

You have not yet selected any funds

Transferring into a new 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.

Before you apply to transfer

You may be able to transfer from an existing registered pension plan into a new Aviva Pension. Before you continue, you should check that we can accept your pension and your current benefits. In the table below, we show when we won't accept a transfer and also highlight valuable benefits you could lose where we do accept a transfer – so make sure you check with your current provider.

We won't accept a:

  • Defined contribution pension with a guaranteed annuity rate
  • Defined contribution pension with any other safeguarded benefits or guarantees
  • Defined benefit pension
  • Pension you've already started taking an income from

By transferring, you may lose benefits such as:

  • The chance to take more than 25% of your pension tax-free
  • A loyalty bonus
  • Built-in/enhanced life insurance benefits or waiver of premiums
  • Enhanced death benefits
  • The chance to retire early

If your existing pension is invested in a with-profits fund, a market value reduction could be applied when you transfer, which would reduce the value of your fund.

Key documents

Please take the time to read these documents and save them for future reference. You should compare the features, charges and fund options of the Aviva Pension against your current policy to determine if transferring is the right decision.

Remember, there is no guarantee you will be better off by transferring.

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 (60KB)

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

Aviva Pension

External account providers and interest rate

PDF (69.8KB)

The cash account is where your money is held until you allocate it to investments. Interest on money held in the cash account is applied at our variable rates, which may be zero or negative. If the variable interest rate is less than we charge for managing your Aviva Pension, the amount in the cash account will go down.

Aviva Pension

Platform charges

PDF (82KB)

Investment platforms can have different types of charges and use different terms to describe them. Find out more about platform charges in our platform charges factsheet.

Things to remember

Before you continue with your application, please take note of the key details about this product:

  • The minimum you can transfer into the Aviva Pension is £5,000 or £1,000 if you're making regular payments of at least £25 per month.
  • The transfer process normally takes 3-6 weeks, depending on your current provider. The process itself is simple – you apply to transfer your pension online, so there's no need to send forms by post. You can also follow your progress using the transfer tracker in your online account.
  • The annual Aviva Charge of no more than 0.4% is payable on all monies in funds or cash in the Aviva Pension. It is calculated daily and taken monthly from the cash account. Fund Investments may be sold to cover a charge if cash is not available.
  • Charges are the Aviva Charge plus the fund manager charges for any funds you have selected. Information on fund charges can be found in the Key Investor Information Documents.

There may be other charges you'll need to be aware of – you can read more about these on our charges page.

Before you 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. You may be charged for financial advice.

Important information

  • Please be aware that this is an investment product and isn't designed to hold cash in the long term.
  • The value of investments can go down as well as up. You may get back less than the amount that has been paid in.
  • You should think of your pension as a medium to long-term investment for a period of at least 5 years.
  • Once you have paid into your pension you can't normally access your funds until you're 55. (From 6 April 2028 this will be 57 unless you have a protected pension age).
  • Once you've transferred your pension to us, it's unlikely your current provider will be able to take it back if you change your mind. If you no longer wish to have an Aviva Pension and your current provider will not take the transfer back you must find another UK registered pension scheme to transfer into.
  • We don't charge you anything for opening and transferring to the Aviva Pension but there may be a charge from your existing pension provider.

What about tax?

  • Each tax year you can get income tax relief on your contributions to all registered pension schemes as long as your total gross contributions are not more than the greater of your UK taxable earnings or £3,600.
  • You don't get tax relief on pension transfers as you've already received this when you first paid the contributions into your pension.
  • Your pension transfer will not be counted towards your annual allowance.
  • You have an annual allowance of £60,000, 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 (although this can be offset with any unused allowance from the previous three tax years).
  • Flexibly accessing benefits from your pension will make you subject to the money purchase annual allowance of £10,000.
  • 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.

When dealing with your order to buy or sell Investments, we will use all reasonable endeavours to achieve the best possible result for you under the circumstances.

To see the latest version of our Best Execution Policy, which can be found within the Order Execution Policy, please click here.

We have a policy to prevent conflicts of interest that might affect your investment. You can read a summary of this here.

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
  • You'll need your existing plan number and a recent valuation to complete the transfer

Aviva Financial Advice

If you're looking for help with your investment options, the Aviva Financial Advice Team can help you establish if financial advice is suitable.

Contact us

Still need some help? Just give us a call.

0800 285 1088

Monday to Friday: 8:00am - 5:30pm

Weekends and bank holidays: Closed

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

Annual allowance

This is the maximum amount of pension saving you can make to all your pension schemes in any tax year before a tax charge applies - currently this is £60,000. This includes contributions from employers/companies, as well as contributions you pay yourself. You may be able to carry forward the unused annual allowance balance for the three previous tax years. Individuals with income (including the value of any pension contributions) of over £260,000 and who have an income (excluding pension contributions) in excess of £200,000 will be subject to a tapered annual allowance. The rate of reduction in the annual allowance is £1 for every £2 of income over £260,000, up to a maximum reduction of £50,000.

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 tax to pay. Different rates of tax and thresholds between rates may apply in Scotland and Wales.

Tax relief

Each tax year you can get income tax relief on your contributions to all registered pension schemes as long as your total gross contributions are not more than the greater of your UK taxable earnings or £3,600. Currently this is 20%. So if you contribute £80 the Government will contribute £20, making the total contribution £100. We (Aviva) claim this tax relief for you and add it to 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 flexibly access your pension savings your annual allowance in respect of money purchase (defined contribution) pension arrangements is reduced to £10,000. This is known as the Money Purchase Annual Allowance. The provider of your pension arrangement will notify you if this applies. You will still have an annual allowance of £60,000 in total, but no more than £10,000 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 pension

A defined contribution pension is where you and your employer, and possibly 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 benefits pension scheme

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 typically 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 Wrap UK Limited. Registered in England No. 4470008. Aviva, Wellington Row, York, YO90 1WR. Authorised and regulated by the Financial Conduct Authority. Firm Reference Number 231530.

MyAviva is owned and operated by Aviva Insurance Limited.