SIPP accounts are currently offered on a Beta basis and are available only to a limited number of users for testing purposes. During this period, features, functionality, and availability may be subject to change or withdrawal without notice.
We will announce when SIPP accounts become available to eligible UK-resident clients of Trading 212 UK Ltd.
A pension transfer allows you to move your pension savings from one provider to another. This is often done to consolidate multiple pensions into your Trading 212 SIPP to keep them in one place, reduce fees, or access a broader range of investment products.
How can I transfer my SIPP to Trading 212?
To begin the process, go to Menu > Portfolio Transfer > Pension Transfer in your Trading 212 app. We will then contact your current provider to start the transfer.
How can I transfer my SIPP to another broker?
To transfer your pension out of Trading 212, you must submit the transfer request directly with your new pension provider. They will then contact us to arrange the transfer on your behalf.
How long does a transfer take?
Processing times for pension transfers can vary, but we always aim to complete them as quickly as possible. The full timeline depends on how fast the other provider can process the request.
- Cash Transfers: These usually take 2 to 8 weeks.
- Stock Transfers: These typically take 4 to 12 weeks.
What are the SIPP Transfers Fees and costs?
We don't charge any fees for our SIPP or for transfers. However, other providers may have fees when transferring.
What types of transfers are supported?
You can submit both incoming and outgoing stock and cash pension transfers. Currently, we only support transfers of uncrystallised Defined Contribution (DC) pension plans.
- Stock transfers: Your investments are moved exactly as they are without being sold, keeping you invested in the market.
- Cash transfers: Your current provider sells your investments and transfers the proceeds to us as cash, ready for you to reinvest.
Can I consolidate multiple pensions?
Yes, you can consolidate multiple eligible pensions into your Trading 212 SIPP. You must submit a separate transfer request for each one.
Can I transfer part of my portfolio?
Yes, you can submit partial transfers, both incoming and outgoing.
Can I transfer my fractional shares?
No, you can only transfer whole shares. Fractional share transfers are not supported. If you submit a full transfer request, your fractional holdings may be sold on your behalf and transferred as cash.
What type of instruments can I transfer?
You can transfer all stocks and ETFs that are available in the Trading 212 SIPP.
Can I place orders with instruments that are part of my transfer?
No, you won't be able to place any orders on instruments that are part of an ongoing transfer as that may cause issues and delays with processing the transfer.
Are there any risks with transferring my portfolio?
The transfer process itself is secure. However, there are investment risks related to market movements during the transfer period:
- Stock transfers: Because your investments are frozen during the transfer process, you can’t react to market movements, like selling your assets if the market drops, until the transfer is complete.
- Cash transfers: If your investments are sold, you may miss out on market gains during the time it takes for the cash to arrive and be reinvested.
What should I do if I receive discharge paperwork?
Once you have completed and signed your section of the paperwork, you can send a scanned copy to info@trading212.com or post the documents to our London office (Aldermary House, 10-15 Queen Street, London, EC4N 1TX)
How can I cancel my transfer?
Transfers to Trading 212
You can cancel your transfer if it's in the transfer request review or transfer arrangements state. Once it progresses to any other state, you can no longer cancel.
Transfers from Trading 212
You can cancel your transfer during the transfer approval process. Once it progresses to any other state, you will need to wait until the transfer is complete before you can request a cancellation.
What is the 30-day cooling-off period?
After your pension transfer is complete, you have a 30-day cooling-off period. This gives you a chance to change your mind and request that the transfer be reversed.
We will do our best to send your pension back to your old provider, but be aware that they may not always accept the return of the funds. Once this 30-day period has passed, the transfer can no longer be reversed.
What if my current provider isn’t listed?
If your current pension provider is not listed when you search for all providers when submitting a transfer request. Please contact our customer service team with the name of the pension provider you wish to transfer from at info@trading212.com .