Transfers

Transfer to other IVCM product: NIL
Cash Transfer to UK registered pension scheme:£305
In-specie transfer to UK registered pension scheme:£555
Cash transfer to QROPS (Includes due diligence):£860
In specie transfer to QROPS (Includes due diligence):£995
For more information on fees, please refer to the Fee Schedule
Yes, you can transfer your SIPP to another provider. We offer a wide range of products within our organisation that may be of interest to you. We do not like to see our clients leave our product range, however, there is an entitlement to transfer out. Please refer to our Fee Schedule for further information on costs.
Yes, you can although HMRC require the SIPP provider to carry out thorough due diligence on the QROPS and provider prior to transfer. If you transfer your existing SIPP with us to one of the IVCM QROPS range, we shall rebate your SIPP establishment fee against the establishment costs of your QROPS. We would recommend you receive regulated professional advice in the country of your residence.
Our SIPP, as a UK registered pension scheme is highly portable and is recognised in many other countries as such for tax purposes.
It is not possible to transfer an ISA directly into a SIPP however, it might be possible to use cash currently held within an ISA to make a contribution to boost your retirement savings. We strongly recommend that you take specific financial advice before deciding on this course of action.
If you are an existing member of the IVCM Heritage SIPP, IVCM Heritage Emirates NBD SIPP or Brooklands SIPP, then you may transfer your Overseas 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 and Brooklands SIPP are now closed for new business. It is important to note that not all overseas pension schemes permit transfers to other pension schemes so this is a point you should check. When transferring a pension we also recommend that you seek financial advice from a qualified Financial Adviser, to ensure that the SIPP and associated charges are suitable.
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.
We do not accept transfers from Occupational or Defined Benefit pension schemes.
If you are an existing member of the IVCM Heritage SIPP, IVCM Heritage Emirates NBD SIPP or Brooklands SIPP, then you may transfer your personal pension plan to it. However, if you are not an existing member, then you can only transfer your Personal Pension Plan to our International Expat SIPP, as the IVCM Heritage SIPP, IVCM Heritage Emirates NBD SIPP and 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.