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.

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.