YOU'RE APPLYING TO TRANSFER A PENSION

TAKING MONEY FROM YOUR PENSION



 

You can usually start taking money from your pension when you reach age 55. This will increase to 57 in 2028. You may be able to access your money earlier if you can't work because of ill health. Or if you have a protected pension age on the pension you're transferring into.
 

Have you had any guidance or advice?
 

Choosing how to take money from your pension is a big decision. So we recommend you get some guidance or advice. Here's how they can help you.

 

Guidance
 

You can get free and impartial guidance from the government's Pension Wise service. It's provided by MoneyHelper and gives guidance on the phone.
 

If you want to use the service, we can arrange your appointment with a Pension Wise specialist. They'll talk through your options and help you to make an informed decision. At the appointment, you'll discuss:
 

  • pension transfer basics
  • why you want to transfer your pension
  • your pension and retirement options
  • the tax on each option
  • what you might want to do next.


Advice
 

You can get advice about your pension from a financial adviser. They'll talk to you about your current situation and your future plans. They can then recommend what they think could be best for you based on your needs. Advisers will normally charge for advice.


Guidance from Pension Wise
 

Let us set up your free Pension Wise appointment


If you'd like us to book an appointment with Pension Wise at a time that suits you, call us on:

0345 608 0380
 

We’re open Monday to Friday, 9am-5pm.
 

Book online


If it’s easier, you can make your own appointment with Pension Wise. To find out more or to book directly with them, visit the MoneyHelper website.

If you still want to transfer your pension after speaking to Pension Wise, just come back to this website.

 

Advice from a financial adviser

 

A financial adviser can recommend the pension option they think could be best for you based on your needs. You can find out how to get a financial adviser on the Scottish Widows website. Advisers will normally charge for advice.

 

If you still want to transfer your pension after getting advice, just come back to this website.



Has anything changed?


It’s great that you’ve had some guidance. But if your circumstances have changed, it might be worth speaking to Pension Wise again. You don't have to though.


If you’d like us to book you a free appointment with Pension Wise, call us on 0345 608 0380. Lines are open Monday to Friday, 9am-5pm.


If it’s easier, you can make your own appointment on the MoneyHelper website.

If you’re happy with the guidance you’ve had, you can continue with your transfer application.

 

Has anything changed?

It's great that you've had some advice. But if your circumstances have changed, it might be worth speaking to your financial adviser again.

Remember you can get free and impartial guidance from the government's Pension Wise service. It's provided by MoneyHelper and gives guidance by phone.

If you’d like us to book you an appointment with Pension Wise, call us on 0345 608 0380. Lines are open Monday to Friday, 9am-5pm.

If it’s easier, you can make your own appointment on the MoneyHelper website.

If you’re happy with the advice you've had, you can continue with your transfer application.


Are you sure you want to continue without guidance or advice?


You don’t have to have guidance or advice. But they could help you make an informed decision.

 

If you’d like us to book you a free appointment with Pension Wise, call us on 0345 608 0380. Lines are open Monday to Friday, 9am-5pm.

 

If it’s easier, you can make your own appointment on the MoneyHelper website.

You can find out how to get a financial adviser on the Scottish Widows website. A financial adviser can recommend what could be best for you based on your needs. Advisers will normally charge for advice.

If you’re happy to go ahead without any guidance or advice, you can continue with your transfer application.

 

Your personal details

 

To transfer any pension into your Scottish Widows Workplace Pension (where references to the scheme apply to the Scottish Widows Appropriate Personal Pension Scheme), complete this online application.

 

If your Scottish Widows Workplace Pension policy number begins with ‘ZU’, you may be able to transfer other pensions into it by calling us on 0800 032 1260 Monday-Friday 8am-6pm or email  us to request an application form. 

 

To transfer a pension into your Scottish Widows Retirement Account, use this application instead.

 

 

Step 1 of 6 First, tell us about you. We’ll use these details to confirm who you are.


Please type your title below
Age in months
AGE
We’ll use your mobile number to stay in touch about your transfer by text.
Please note, we‘ll only use this to keep in touch with you during the transfer process.

IMPORTANT NOTES

Our Data Privacy Notice

Your Data Protection is very important to us, and it is important that you understand how the personal information you give us will be used. Therefore, we strongly advise that you read our privacy notice, which you can find at www.scottishwidows.co.uk/legalprivacy or you can ask us for a copy.

 

 

The Pension you'd like to transfer into

Step 2 of 6 Tell us about your Scottish Widows pension. This is so we know which pension you'd like to move your other pensions into.

 


Let’s find your pension


Help us find your pension with us by telling us your policy number.  

Where can I find this?

You can find this on your annual benefit statement or policy schedule.

Pensions you want to transfer
 

Step 3 of 6 Here, we ask about the pension you’d like to move to us. 

This is so we can get in touch with your other provider and start the process. 


If you’d like to transfer more than one pension, you can add more details below


Pension details

 

This may be the name of your employer. If you have a personal pension, type ‘individual’ here.
Where you can find this

You can find this on your annual benefit statement or schedule

Here’s what we need

Check the transfer value of your pension before you apply. You can do this by contacting your provider. This will help make sure your transfer process goes smoothly.

£

Pension 2

This may be the name of your employer. If you have a personal pension, type ‘individual’ here.
Where you can find this

You can find this on your annual statements. This is not the same as a scheme name.

Here’s what we need

Check the transfer value of your pension before you apply. You can do this by contacting your provider. This will help make sure your transfer process goes smoothly.

£

Pension 3

This may be the name of your employer. If you have a personal pension, type ‘individual’ here.
Where you can find this

You can find this on your annual benefit statement or other letters from your provider.

Here’s what we need

Check the transfer value of your pension before you apply. You can do this by contacting your provider. This will help make sure your transfer process goes smoothly.

£

Pension 4

This may be the name of your employer. If you have a personal pension, type ‘individual’ here.
Where you can find this

You can find this on your annual benefit statement or other letters from your provider.

Here’s what we need

Check the transfer value of your pension before you apply. You can do this by contacting your provider. This will help make sure your transfer process goes smoothly.

£

Pension 5

This may be the name of your employer. If you have a personal pension, type ‘individual’ here.
Where you can find this

You can find this on your annual benefit statement or other letters from your provider.

Here’s what we need

Check the transfer value of your pension before you apply. You can do this by contacting your provider. This will help make sure your transfer process goes smoothly.

£

Pension 6

This may be the name of your employer. If you have a personal pension, type ‘individual’ here.
Where you can find this

You can find this on your annual benefit statement or other letters from your provider.

Here’s what we need

Check the transfer value of your pension before you apply. You can do this by contacting your provider. This will help make sure your transfer process goes smoothly.

£

Pension 7

This may be the name of your employer. If you have a personal pension, type ‘individual’ here.
Where you can find this

You can find this on your annual benefit statement or other letters from your provider.

Here’s what we need

Check the transfer value of your pension before you apply. You can do this by contacting your provider. This will help make sure your transfer process goes smoothly.

£

Pension 8

This may be the name of your employer. If you have a personal pension, type ‘individual’ here.
Where you can find this

You can find this on your annual benefit statement or other letters from your provider.

Here’s what we need

Check the transfer value of your pension before you apply. You can do this by contacting your provider. This will help make sure your transfer process goes smoothly.

£

Pension 9

This may be the name of your employer. If you have a personal pension, type ‘individual’ here.
Where you can find this

You can find this on your annual benefit statement or other letters from your provider.

Here’s what we need

Check the transfer value of your pension before you apply. You can do this by contacting your provider. This will help make sure your transfer process goes smoothly.

£

Pension 10

This may be the name of your employer. If you have a personal pension, type ‘individual’ here.
Where you can find this

You can find this on your annual benefit statement or other letters from your provider.

Here’s what we need

Check the transfer value of your pension before you apply. You can do this by contacting your provider. This will help make sure your transfer process goes smoothly.

£

  


Check your details

Step 4 of 6 Please check the details you have given us below are correct. If you’d like to change any of these, you can do this by clicking the edit button below.

Title:                                                   ##title##
Name:                                                 ##forname## ##surname##   
Date Of Birth:                                    ##day##/##month##/##year##
National Insurance Number:           ##nino##
Address:                                             ##line1##
                                                            ##line2## 
                                                            ##line3##
                                                            ##line4##
Post code:                                          ##postcode##       
Country:                                             ##country##
Email:                                                 ##email##

Contact Number:                              ##contactno##

 

 

Your Scottish Widows pension:      ##planno##

 

Pension 1

Pension provider:                             ##pensionprovider1##
Scheme name:                                  ##schemename1##
Member of policy number:              ##referencepension1##

Pension value:                                  ##valuepension1##

Pension 2

Pension provider:                            ##pensionprovider2##
Scheme name:                                 ##schemename2##
Member or policy number:             ##referencepension2##

Pension value:                                 ##valuepension2##

Pension 3

Pension provider:                            ##pensionprovider3##
Scheme name:                                 ##schemename3##
Member or policy  number:            ##referencepension3##

Pension value:                                 ##valuepension3##

Pension 4

Pension provider:                            ##pensionprovider4##
Scheme name:                                 ##schemename4##
Member or policy  number:            ##referencepension4##

Pension value:                                 ##valuepension4##

Pension 5

Pension provider:                            ##pensionprovider5##
Scheme name:                                 ##schemename5##
Member or policy  number:            ##referencepension5##

Pension value:                                 ##valuepension5##

Pension 6

Pension provider:                            ##pensionprovider6##
Scheme name:                                 ##schemename6##       
Member or policy number:             ##referencepension6##

Pension value:                                 ##valuepension6##

Pension 7

Pension Provider:                            ##pensionprovider7##
Scheme name:                                 ##schemename7##       
Member or policy number:             ##referencepension7##

Pension value:                                 ##valuepension7##

Pension 8

Pension provider:                             ##pensionprovider8##
Scheme name:                                   ##schemename8##       
Member or policy number:              ##referencepension8##

Pension value:                                  ##valuepension8##

Pension 9

Pension provider:                             ##pensionprovider9##
Scheme name:                                   ##schemename9##       
Member or policy number:              ##referencepension9##

Pension value:                                   ##valuepension9##

Pension 10

Pension Provider:                              ##pensionprovider10##
Scheme name:                                   ##schemename10##       
Member or policy number:               ##referencepension10##

Pension value:                                    ##valuepension10##


Here, we take you through the small print

Step 5 of 6 Next, we need your permission to go ahead with the transfer. This part of the process is sometimes called a ‘declaration’.


What this section is for

What you tell us here will become part of your contract with us.

That’s why, for legal reasons, we must give you some official wording. If you complete this form, you're letting us know that you’re happy with the statements below.

You’re also letting us know that you’ve checked if your other providers will charge you to transfer. You're happy to pay these as part of your transfer.

Declaration to Scottish Widows

I understand that this application forms part of my contract with Scottish Widows, along with the Rules of the Scheme, the policy provisions, the policy schedule and any document amending the policy schedule.

I understand that my transfer payment will be invested in the same way as the current investment option(s) applicable to my existing Scottish Widows Scheme.

I have been made aware of the 'Important Notes for Applications' document and the Key Features Document (Workplace Pension Planning KFD) and understand that Scottish Widows will rely on them when administering my contract.

Group Stakeholder Pension key features

Group Personal Pension key features (includes with profits)

Group Personal Pension key features (excludes with profits)

You’re happy for us to start your transfer

I authorise, instruct and apply to you to transfer sums and assets from the plan(s) as listed in this application directly to Scottish Widows and to provide any instructions and/or discharge required by any relevant third party to do so.

We can talk to your providers and your employers, and they can talk to us

I authorise Scottish Widows, the current provider, any contributing employer named in this application to obtain from each other, and release to each other, any information that may be required to enable the transfer of sums and assets to Scottish Widows.

You're happy for us to ask a credit agency to check that your details are correct

I accept that in order to comply with regulatory obligations, Scottish Widows – and the current provider named in this application – may need to verify my identity and residential address, and may use credit reference agency searches and ask for my documents to verify my identity and address.

If you change your mind,  we’ll send back the payment we received

Until this application is accepted and complete, Scottish Widow’s responsibility is limited to the return of the total payment(s) to the current provider(s).

Once you’ve transferred to us, the income you’ll receive will come from us, not your old providers.

When payment is made to Scottish Widows as instructed, this means that I shall no longer be entitled to receive pension benefits from the whole of the plan(s) listed in this application where the whole of the plan(s) is transferring, or that part of the plan(s) represented by the payment(s) if only part of the plan(s) is transferring.


You're nearly there!


Step 6 of 6
Finally, just a couple more points to confirm. In this section, you’re agreeing with two things.


You gave us the right details.

I accept responsibility in respect of any claims, losses, expenses, additional tax charges or any penalties that Scottish Widows and the current provider may incur as a result of any incorrect, untrue, or misleading information in this application or given by me, or on my behalf, or of any failure on my part to comply with any aspect of this application.

This includes where I have been asked to provide any original policy document(s) in return for the transfer of funds and I am unable to do so.

You’ve checked our transfer pages and there’s nothing to stop you applying.

I confirm the current plan(s) are not subject to any existing or proposed trustee in bankruptcy orders, or earmarking or pension sharing orders, or other receiving orders. 
 
I confirm that I live in the UK.

What happens next?

When you submit this form,  you’re confirming you’ve been told the following:

  • Your transfer payment will be invested in the same way as your existing pension with us
  • When you transfer to us, your other pensions will be closed
  • We’re not giving you financial advice during this process.
  • You have the right to change your mind, this means:
  • If you change your mind about transferring your pension, you’ll tell Scottish Widows within 30 days of receiving your confirmation documents in the post. Scottish Widows will have to return your pensions to your previous providers.
  • If your previous providers do not accept your pensions back, you might have to set up a new policy.

Please click Submit once to request your pension transfer

Would you like to cancel?

If you cancel this form we won't keep your details


 Cancel my application

Need Help?

If you’d like to find out more about pension transfers, we're here to help.

Call our Pension Helpdesk

Our lines are open Monday to Friday, 9am-5pm.

0345 608 0380