Moving pensions?
Author
Discussion

geeks

Original Poster:

11,704 posts

169 months

Sunday 5th January 2025
quotequote all
I have two tiny work place pensions from where I changed job etc, both have around £1200 in then each, as I am not really fussed about what happens to them is this something I can move into a Vanguard personal pension? Is it really worth doing for such diddly amounts?

okgo

42,213 posts

228 months

Sunday 5th January 2025
quotequote all
Yes, easily. And up to you.

trickywoo

14,214 posts

260 months

Sunday 5th January 2025
quotequote all
Yes get them moved.

Small amounts can easily be eroded to nothing through excessive fees and underperformance.

geeks

Original Poster:

11,704 posts

169 months

Sunday 5th January 2025
quotequote all
Thanks both, I'll have a poke around smile

mids

1,615 posts

288 months

Sunday 5th January 2025
quotequote all
Yep, it's all very easy. It only took 13 days to move a small work pension from Aviva into my Vanguard SIPP, just give them the details and they do everything for you.

C69

1,307 posts

42 months

Sunday 5th January 2025
quotequote all
Do you already have a Vanguard personal pension?

If not, bear in mind that Vanguard's new Account Fee structure comes into effect at the end of this month. You'll be paying £4 per month if the value of your pension is less than £32k. So, if you've got £2,400 total in your account, you'd be paying a 2.00% platform fee.

mikeiow

8,175 posts

160 months

Sunday 5th January 2025
quotequote all
okgo said:
Yes, easily. And up to you.
I suspect it is easiest if both ends are part of Origo Options ....& I imagine most half-decent pension companies will be.

I moved 3 of my smaller pots perhaps 15+ years ago. Very straightforward, & easier to ensure those small sums do some work if they are part of a pension you actively care about!