You've inherited a pension. Now what?

Important information - the value of investments can go down as well as up so you may not get back what you invest. Eligibility to invest in a SIPP and tax treatment depends on personal circumstances and all tax rules may change in the future. You cannot normally access money in a SIPP until age 55 (57 from 2028). It’s important to understand that pension transfers are a complex area and may not be suitable for everyone.

Pensions often get overlooked when people think about passing on their wealth - as they typically fall outside of an estate. Understanding pensions and what to do when you receive one can be tricky too. If you'd like to talk to someone about what to do with a pension left to you by a loved one, we're here to help. Call us on 0800 058 4443.

What you want, or need, to do with it will depend on your age and whether you're actively building up your pension pot... or taking an income from it.  Here are some options to consider, depending where you are on that journey. 

Important information: It’s important to understand that pension transfers are a complex area and may not be suitable for everyone. Before going ahead with a pension transfer, we strongly recommend that you undertake a full comparison of the benefits, charges and features offered. To find out what else you should consider before transferring, please read our transfer factsheet. If you are in any doubt whether or not a pension transfer is suitable for your circumstances we strongly recommend that you seek advice from one of Fidelity’s advisers or an authorised financial adviser of your choice.