Transferring your money

As you change jobs throughout your life, you’re likely to end up with multiple pensions pots from different providers - each with its own login details and fees.

It’s easy to lose track of your pots. There are 2.8 million lost or forgotten pensions in the UK today. If you think one of them might be yours, you can track it down.

Losing track of your pots could mean losing out on money at retirement, so it helps to have an easy way to keep on top of your retirement savings.

Bringing your other pots together with Nest could make it easier to manage your pension. Watch the video below to find out more.

Making it easy to manage your pension savings

Transfer into Nest

To get started, log in to your account.

Can I transfer my pension?

Yes, transferring your pension to another provider such as Nest is usually possible. This includes transferring old pensions from previous jobs into one pot or switching to a new provider. There are, however, some things to keep in mind:

Be aware of any charges that apply. Nest won’t charge you to transfer your pension in or out, but other providers might.
Make sure you understand how much each provider charges to manage your pension. Nest charges a competitive annual management fee of 0.3%.
Make sure you understand any other benefits you may be giving up.
Seeking professional financial advice before transferring is always a good idea.

Should I transfer my pension?

Should I transfer my pension into one pot?

Transferring your pensions into one pot can make it easier for you to manage your pension savings. However. there are a number of things to consider, so it’s always a good idea to seek expert financial advice before making a decision.

Should you transfer your pension when changing jobs?

When you change jobs, your employer may enrol you into a pension with a new provider. This is a great time to consolidate your savings into one manageable pot.

You get a pot for life when you transfer into Nest, which means you keep the same account details no matter how many times you change jobs. This makes managing your money a lot easier because you don’t have to keep track of multiple accounts at once.

Should I transfer my pension to Nest?

With over 11 million members, Nest’s award-winning pension scheme is rated 5 stars by Defaqto, the UK’s most trusted source for financial product information.

If you want to make your money easier to manage, transferring your other pots into Nest may well be the right decision for you. And it’s easy to do, as long as you have an existing pension with us from your current or previous employer.

How do I transfer my pension?

Transferring your pension savings is usually simple. All you need to do is notify your chosen pension provider.

If you’re transferring other pension pots into Nest, just give us the details of your other pensions and we’ll do the rest.

Want to find out more? Read about how to transfer your pension pots into Nest.

Pension transfer FAQs

What is a pension transfer value?

Your pension transfer value is the amount of money your pension scheme would send to your new provider if you decided to move to another scheme.

How long does a pension transfer take?

It varies. However, 2-4 weeks is typical for a standard pension transfer.

How much does it cost to transfer a pension?

We won’t charge you anything to transfer in or out of Nest. But other providers might charge fees. It depends on the specific details of your transfer.

Woman sitting down, looking at tablet device

Tracking down any other pensions you might have

It’s possible you have multiple pension pots but you’re not sure how many you have, how to track them down or what you should do with them.

Identifying your pension pots

Transfer your other pensions into Nest

See how bringing your other pots together with Nest could make it easier to manage your pension.

Transferring into Nest

Transfer your savings out of Nest

If you decide to transfer your savings out of Nest, we’ll make this process as simple as possible and we won’t charge you a penny.

Transferring your money out