.avif)
Your old pensions. One place.
Get rewarded for transferring a pension
Move old workplace and personal pensions into one with Chip. Under 50. Eligibility criteria, T&Cs and fees apply. App only. Capital at risk.
When you pay into a personal pension, your money is usually invested in stocks and shares. The value of these investments can rise or fall, so you might get back less than you put in. Returns aren't guaranteed. Pension tax rules may also change in the future, and any tax benefits you receive will depend on your individual circumstances.
Important to know
The Chip Personal Pension is provided by Chip Financial Wealth Ltd.
Pensions are a long-term investment and you can't usually access your pension until age 55 (rising to 57 in 2028). Minimum £5,000 transferred. Under-50s only. Your reward is based on the final settled value of your transfers and is cancelled if you transfer out before 1 February 2028. T&Cs and eligibility criteria apply.
How your reward is decided
Get up to £10,000 when you transfer in
We add up the final settled value of every transfer you request between 23 October and 31 January 2027. See what it could be worth in the table.
Your total settled value must be £5,000 or above to qualify. Your reward is based on the final settled value of your transfers, which may be higher or lower than the value when you request them.
How it works
£50 to £10,000 in rewards
To mark the launch of the new Chip Personal Pension, you can get rewarded from £50 all the way up to £10,000 when you bring an old pension over to us.
What you need to do
All you need to do is request your transfer by 31 January 2027, transfer a minimum of £5,000 (and not transfer out before 1 Feb 2028) to qualify.
Helping you stay on track
Available to members under 50 only. Reward paid 2 February 2028 if you don't transfer out before 1 February 2028. T&Cs and eligibility criteria apply.
Capital at risk.
When you invest in a pension the value of your investments can go down as well as up and you may get back less than your original investment.
Your pensions go from scattered to sorted
Open a pension
Open your Chip Personal Pension in the app, if you haven't already.
Transfer pensions
Request transfers totalling £5,000 or more by 31 January 2027. Several pensions count towards one total.
Stay with Chip
Keep your pension with Chip until 1 February 2028. Your reward lands in your Chip Instant Access Account on 2 February 2028.
Your reward is cancelled if you cancel a transfer or move money out of your Chip Personal Pension before 1 February 2028. T&Cs apply.
Worth checking first
Is transferring right for me?
For some people, bringing pensions together makes them easier to track and manage. But some older pensions may carry benefits you can't get back once you leave.
Before you transfer, check whether your current provider charges exit fees and whether you'd give up anything valuable, such as guaranteed annuity rates, protected tax-free cash or ongoing employer contributions.
If you're unsure, speak to your provider or a regulated financial adviser.
Chip does not provide financial advice.
Built around your retirement date
A pension that knows when you want to retire
Your Chip Personal Pension invests with LifePath funds managed by BlackRock, which automatically adjust their mix of investments as you age. They aim to grow your money while you’re younger, then gradually move towards lower-risk investments as you get closer to retirement.
LifePath
All fees are annual rates, charged monthly.
All your pensions in one place
After you transfer, you'll see every pension you've brought across in one clear view, right next to your savings and investments.
Pensions are a long-term investment. Capital at risk. Returns aren't guaranteed, tax rules can change and the benefits you receive depend on your circumstances. You can't usually access your pension until age 55 (rising to 57 in 2028). Fees apply.
FAQS
What if my pension's value changes during the transfer?
Your reward band is based on the final settled value once each transfer arrives. If markets move while a transfer is in progress, that value, and your band, could be higher or lower than when you requested it.
Can I transfer more than one pension?
Yes. We add together every transfer you request between 23 October and 31 January 2027 to work out your band.
What happens if I move money out of my Chip Personal Pension?
Any transfer out, full or partial, before 1 February 2028 will mean you’re ineligible for a reward.
Where is my reward paid?
Your reward is paid into your Chip Instant Access Account on 2 February 2028.
I'm 50 or over. Can I take part?
Not at the moment, as pension transfers into Chip are currently open to under-50s only.