You can transfer existing pensions from other providers into your Chest Pension. Here's how.
Why consolidate your pensions?
See all your pensions in one place
Potentially lower fees
Easier to manage and track
Unlock higher cashback rates (if you transfer over £10,000)
How to transfer
Make sure your Chest Pension is set up
Go to Combine Pensions in the app
Enter your old provider's name, policy number, and approximate value
Review and submit your transfer request
We'll contact your old provider and handle the rest
You can transfer multiple pensions at once if you have several old pots.
Timeline
Pension transfers typically take 4-8 weeks. The exact time depends on your old provider – some are faster than others. You can track the status of your transfer in the app.
What you can transfer
Other SIPPs
Personal pensions
Old workplace pensions (defined contribution)
What you cannot transfer
Final salary / defined benefit pensions (we recommend getting financial advice before considering this)
Current workplace pensions where your employer is still contributing
Before you transfer – important checks
Before transferring an old pension, check:
Exit fees or penalties – some providers charge these
Protected benefits – you may have guarantees (like a guaranteed annuity rate or protected tax-free cash) that could be lost on transfer
Employer contributions – if your employer is still paying in, you'd lose these by transferring
If you're unsure whether transferring is right for you, consider speaking to a financial adviser.
Tax implications
Transfers between pensions do NOT count toward your annual allowance. You're simply moving existing pension savings, not making a new contribution.
Still need help?
If you have questions about transferring pensions, contact us at hello@joinchest.com.