Can I transfer Guaranteed Minimum Pension (GMP) into SIPP?admin2019-09-13T13:08:25+04:00
If you are an existing member of the IVCM Heritage SIPP, IVCM Heritage Emirates NBD SIPP or Brooklands SIPP, then you may transfer your Guaranteed Minimum Pension to it. However, if you are not an existing member, then you can only transfer your Guaranteed Minimum Pension to our International Expat SIPP, as the IVCM Heritage SIPP, IVCM Heritage Emirates NBD SIPP or Brooklands SIPP are now closed for new business.
When transferring a pension we strongly recommend that you seek financial advice from a qualified Financial Adviser, to ensure that the SIPP and associated charges are suitable. It is also important to note that on transferring a GMP into a SIPP, you lose your entitlement to be provided with a guaranteed minimum pension amount.