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.
While we support many types of transfers, there are some pensions we cannot currently accept. Below you’ll find answers to the most common questions about pension transfers.
Can I transfer a Defined Benefit pension?
No, Trading 212 is currently unable to facilitate a transfer of a Defined Benefit (or final salary) pension.
Can I transfer my workplace pension?
Yes, you can transfer your workplace pension. However, if your employer is actively contributing to it, you may want to consider keeping that pension open to continue receiving their contributions.
You can check with your current provider to see if they allow partial transfers.
Can I transfer a pension with safeguarded benefits?
No, we are unable to facilitate transfers with safeguarded benefits. This includes:
- Defined Benefit (Final Salary) pensions
- Deferred Annuities
- Guaranteed annuity rate (GAR)
- Hybrid policies
- Guaranteed Minimum Pension (GMP)
Will I lose my protected retirement age if I transfer?
Yes. We can accept a pension transfer with a protected pension age, but the protection allowing early access to your pension will be lost once the transfer is completed.
Can I transfer a pre-A-Day pension?
No, we are unable to process a transfer of a pre-A-Day pension (established before April 6, 2006).
Can I transfer a beneficiary pension?
No, we are currently unable to facilitate this type of transfer.
Can I transfer a QROPS?
No. Trading 212 only accepts pension transfers from UK-registered pension schemes. We are unable to accept transfers from QROPS (Qualified Recognised Overseas Pension Schemes).