Transferring your pension pot

Did you know the average worker has 11 pension pots? Managing multiple pots can be complex, and could cost you time and money.

You can now bring existing pots you have elsewhere into NEST which makes tracking your pension savings more straightforward.

Simplify your pension savings with NEST

Combining all your pension pots into NEST will make your retirement savings easier to manage. Having just one pot means you’ll be able to keep track of how much you’ve saved for your retirement in just one place. It will also help you, keep an eye on costs.

If you decide to transfer money into NEST, we’ll make it easy to follow the progress of your transfer. We don’t charge for transferring money into NEST. The value of your transfer will only be subject to the same low 0.3% annual management charge (AMC) that we apply to all NEST accounts.

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Thanks to our in-house investment expertise, you can feel assured your money will be taken care of. Our award-winning investment approach is tailored to your retirement date. This means we take the right risks at the right time, with the aim of achieving the best possible outcome for you at retirement. We also offer selected fund choices to suit a range of needs and circumstances.

How to transfer money into NEST

We make it straightforward to combine your pots with NEST. Simply follow the steps below.

  1. Log into your secure NEST account.
  2. Click on ‘Transfers’. From here you can request a transfer form which will be sent to you via post.
  3. When you receive the form from NEST, you’ll need to send it to your other pension provider for them to complete.
  4. When you get the form back from your other pension provider, check you’re happy with the information, sign it and post it back to NEST using the address provided on the form.
  5. NEST will then arrange to transfer your savings. We will provide you with updates during the transfer process through your secure NEST online account.


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Is transferring right for you?

There are lots of different factors to consider when deciding whether or not to transfer pensions. It’s important to be aware that transferring money into NEST may not be in everybody’s interests.

You should check any costs and charges with other providers

Consider taking independent financial advice or contact an independent organisation such as the Pensions Advisory Service

Find out what else to consider when transferring funds into NEST

Transferring savings out of NEST

You can transfer money into UK registered pension schemes as well as qualifying recognised overseas pension schemes. We won’t charge you if you choose to move your savings out of NEST. It’s important to check any charges for transferring into another scheme with the other provider.

NEST makes it easy and transparent to transfer money into other schemes if you want to. If you do decide to transfer you could miss out on the benefits of our award-winning investment strategy, industry-recognised good governance and easy to use online design.

There are lots of different factors to consider when deciding whether or not to transfer pensions. If you aren’t sure you should consider taking independent financial advice.

Find out what else to consider when transferring money out of NEST

Help transferring your pot

You can get help on transferring money in or out of NEST, including what you need to complete a successful transfer, in our member help centre.

How to transfer your pension pot

Log into your account

Access your online account and find out how much your pot’s worth and move money in and out of NEST.

Log into your NEST account