[{"data":1,"prerenderedAt":952},["ShallowReactive",2],{"sanity-dybXu1Sw5y":3,"sanity-DR71rlZvDA":5,"sanity-MXAN9Uwnl1":32},{"shouldShowPoppies":4},false,{"_createdAt":6,"_id":7,"_rev":8,"_system":9,"_type":12,"_updatedAt":13,"pageBuilder":14,"slug":28,"title":31},"2025-11-07T14:13:31Z","102d2de2-2613-45f5-8c2e-fe39f1480776","BC4J7AbAtkE560ki91TpIr",{"base":10},{"id":7,"rev":11},"THbSoJ4sD7c1pzZ1E0XhLP","myWealthInvest","2026-04-30T10:41:11Z",[15],{"_key":16,"_type":17,"content":18},"5a7e73d028c0","textOnly",[19],{"_key":20,"_type":21,"children":22,"style":27},"57e840666d97","block",[23],{"_key":24,"_type":25,"text":26},"61b94aac777d","span","No advice is offered in the provision of the self-invested personal pension (SIPP) provided by my wealth invest. Tax treatment will depend on your individual circumstances and is subject to change in future. The value of your investments may go down as well as up, and you could get back less than your initial investment. During any transfer, your investment will be out of the market. Seek independent financial advice if you are unsure of the suitability of any investment. my wealth invest is a trading name of Wealth at Work Limited which is authorised and regulated by the Financial Conduct Authority and is part of the Wealth at Work group. Registered in England and Wales No. 05225819. Registered Office: Third Floor, 5 St Paul’s Square, Liverpool, L3 9SJ.  Calls may be recorded and monitored for training and record-keeping purposes.","normal",{"_type":29,"current":30},"slug","footer","Footer",{"_createdAt":33,"_id":34,"_rev":35,"_type":12,"_updatedAt":36,"pageBuilder":37,"slug":949,"title":951},"2026-04-30T10:20:54Z","6de828bb-b9b2-46b5-ad82-ad637ebf8e38","Z7R1jAzR2Hn70OJfhEOIVH","2026-04-30T10:21:14Z",[38,51,178,240,417,653,735,851,891],{"_key":39,"_type":40,"content":41,"heading":48,"icon":49,"image":49,"subHeading":50},"f818417f4b7f","hero",[42],{"_key":43,"_type":21,"children":44,"style":27},"f9d1d37c3ab0",[45],{"_key":46,"_type":25,"text":47},"f8fb59678de0","Please see our frequently asked questions (FAQs) below. These FAQs are in relation to pension consolidation and opening a SIPP with my wealth invest, part of the Wealth at Work group.","Frequently asked questions",null,"FAQs",{"_key":52,"_type":53,"heading":54,"icon":49,"image":49,"infoBoxes":55},"317ddb051f9a","informationGallery","1 - About the my wealth invest service ",[56,93,115,140,168],{"_key":57,"_type":58,"content":59,"title":92},"24407e889ccd","infoBox",[60,66,74,80,86],{"_key":61,"_type":21,"children":62,"style":27},"56b90a2d8714",[63],{"_key":64,"_type":25,"text":65},"4812eabb9fca","my wealth invest is part of the Wealth at Work group and provides non-advised investment services which have been designed for those with simpler investment requirements.\nThe Wealth at Work group in numbers:",{"_key":67,"_type":21,"children":68,"level":72,"listItem":73,"style":27},"00aa5d9046f5",[69],{"_key":70,"_type":25,"text":71},"20f0bcb20626","£3bn+ in assets under management",1,"bullet",{"_key":75,"_type":21,"children":76,"level":72,"listItem":73,"style":27},"240968c3a82b",[77],{"_key":78,"_type":25,"text":79},"b77c348a620e","20 years’ experience",{"_key":81,"_type":21,"children":82,"level":72,"listItem":73,"style":27},"9e224a05329e",[83],{"_key":84,"_type":25,"text":85},"9d3ef8fa10a5","26k invested clients",{"_key":87,"_type":21,"children":88,"style":27},"076a120aa13d",[89],{"_key":90,"_type":25,"text":91},"51119066d709","my wealth invest is a trading name of Wealth at Work Limited which is authorised and regulated by the Financial Conduct Authority and is part of the Wealth at Work group. Registered in England and Wales No.05225819. Registered Office: Third Floor, 5 St Paul’s Square, Liverpool, L3 9SJ.","Who are we? ",{"_key":94,"_type":58,"content":95,"title":114},"af51cd49342d",[96,102,108],{"_key":97,"_type":21,"children":98,"style":27},"49b06ed3750d",[99],{"_key":100,"_type":25,"text":101},"7a7ea0b5562b","The Scheme name is WEALTH at work Self Invested Personal Pension. The Scheme is registered with HMRC and the tax reference is 00667642RR.",{"_key":103,"_type":21,"children":104,"style":27},"b72841889bc1",[105],{"_key":106,"_type":25,"text":107},"bde2b87629e1","The Scheme Provider, Operator and Administrator is Wealth at Work Limited.",{"_key":109,"_type":21,"children":110,"style":27},"15217b73006f",[111],{"_key":112,"_type":25,"text":113},"99cbe6b2b75c","The trustee is Wealth at Work Pension Trustees Limited (company number 11102205).","Who is the provider of the Self Invested Personal Pension?  ",{"_key":116,"_type":58,"content":117,"title":139},"b7fd039a6cbb",[118,124],{"_key":119,"_type":21,"children":120,"style":27},"c97192dd986a",[121],{"_key":122,"_type":25,"text":123},"7ddaec8eadb1","While we’ll do everything we can to help you transfer your pensions, we can’t trace your old pensions for you. To transfer your pension, you’ll need to provide us with the pension provider’s name and your policy or plan number. You’ll also need to confirm the approximate value of your pension.",{"_key":125,"_type":21,"children":126,"markDefs":135,"style":27},"0725427db88f",[127,130],{"_key":128,"_type":25,"text":129},"e3ab93dc611e","If you are unable to locate your pension information, MoneyHelper which is supported by the Government offers a free pension tracing service to make sure you don’t miss out on any possible retirement income. Link: ",{"_key":131,"_type":25,"marks":132,"text":134},"f83160df657a",[133],"3d9d59f6d073","How to find old or lost pensions | MoneyHelper",[136],{"_key":133,"_type":137,"href":138},"link","https:\u002F\u002Fwww.moneyhelper.org.uk\u002Fen\u002Fpensions-and-retirement\u002Fpension-problems\u002Ftracing-and-finding-lost-pensions","Can my wealth invest trace my pensions for me? ",{"_key":141,"_type":58,"content":142,"title":167},"bccbbd5d650a",[143,149,155,161],{"_key":144,"_type":21,"children":145,"style":27},"e032dc044a88",[146],{"_key":147,"_type":25,"text":148},"6dd68d052705","Managing multiple pension pots can make retirement planning more complicated. By consolidating your pensions into a single plan with one provider, it becomes easier to keep track of your savings, update your account, seek support, and estimate how much more you might need to reach your retirement goals.",{"_key":150,"_type":21,"children":151,"style":27},"cf347997756a",[152],{"_key":153,"_type":25,"text":154},"50b07b4b2e38","Many people choose to transfer their pensions to find a plan that better suits their investment goals and potentially offers stronger returns. Having just one pension can also make it simpler to align your savings with your preferred level of risk and investment strategy.",{"_key":156,"_type":21,"children":157,"style":27},"361dbd11bbcf",[158],{"_key":159,"_type":25,"text":160},"9602828a31a3","It’s important to review fund factsheets to understand where your money is being invested and how those investments have performed historically. However, keep in mind, that investment returns are not guaranteed, and past performance doesn’t predict future outcomes.",{"_key":162,"_type":21,"children":163,"style":27},"0d23c130c779",[164],{"_key":165,"_type":25,"text":166},"241ea9732094","Each pension you hold typically comes with provider fees. By combining them, you may be able to reduce the total fees you’re paying, particularly administrative charges, which can make a real difference over time.","Why should I consolidate my pensions with my wealth invest?",{"_key":169,"_type":58,"content":170,"title":177},"19732a97d2b6",[171],{"_key":172,"_type":21,"children":173,"style":27},"472317ca10aa",[174],{"_key":175,"_type":25,"text":176},"12b12015e86e","When considering transferring from one Pension Plan to another there are many aspects that you should consider before deciding to proceed, as it may not always be in your best interest. If you are still uncertain then you should seriously consider seeking guidance from MoneyHelper or help from a suitably qualified financial adviser.","Is it ever better to leave my pensions where they are? What if there are exit fees or guaranteed benefits?",{"_key":179,"_type":53,"heading":180,"icon":49,"image":49,"infoBoxes":181},"5ddaae7746d6","2 - Signing up",[182,204,214,230],{"_key":183,"_type":58,"content":184,"title":203},"abbcbfe51726",[185,191,197],{"_key":186,"_type":21,"children":187,"style":27},"9fb19ad9ace2",[188],{"_key":189,"_type":25,"text":190},"b61b4b37cacb","Sign up online to get started. You’ll need to provide some basic details including your legal name; current address; date of birth; and National Insurance number.",{"_key":192,"_type":21,"children":193,"style":27},"e5c6a3a2ffa5",[194],{"_key":195,"_type":25,"text":196},"708ec9caf586","Once you have registered your account, you will need to provide the names of your old pension pots that you would like to transfer. The more information you can give us, the smoother the transfer process is likely to be. Pension transfers can take around 6 – 12 weeks to complete. If this is your first SIPP, you can start contributing straight away.",{"_key":198,"_type":21,"children":199,"style":27},"aaaf8beb53da",[200],{"_key":201,"_type":25,"text":202},"4edcb22c20e7","You will then get the choice to invest into a target-date fund which adjusts over time to align with your expected retirement date or create your own diversified retirement portfolio by choosing the funds you wish to invest in.","How do I get started? ",{"_key":205,"_type":58,"content":206,"title":213},"f8f78e811413",[207],{"_key":208,"_type":21,"children":209,"style":27},"a2c682094f26",[210],{"_key":211,"_type":25,"text":212},"1771d57f362a","An individual can only set-up a pension in your name if you have given them legal authority (e.g. Power of Attorney).","Can someone sign up on my behalf?",{"_key":215,"_type":58,"content":216,"title":229},"1a8007d1d57a",[217,223],{"_key":218,"_type":21,"children":219,"style":27},"6ee27242b713",[220],{"_key":221,"_type":25,"text":222},"bd41eb6f5a7f","You must be a resident of the United Kingdom. This means you need to have a UK address and pay UK income taxes.",{"_key":224,"_type":21,"children":225,"style":27},"a1145463153d",[226],{"_key":227,"_type":25,"text":228},"a2f61ca2ea5e","There is no minimum or maximum age requirement to open a SIPP however to be eligible to make pension contributions and receive tax relief, you must be under age 75.","Who’s eligible to be a my wealth invest client?",{"_key":231,"_type":58,"content":232,"title":239},"faceb1ca7e74",[233],{"_key":234,"_type":21,"children":235,"style":27},"5f6279b33ed8",[236],{"_key":237,"_type":25,"text":238},"d3469bfc5c84","An electronic identify and anti-money laundering check will be completed to verify your identity and check your address. We may need a copy of your ID or proof of address if the searches we perform can’t automatically verify you.","Do I have to provide any ID to open a my wealth invest account?",{"_key":241,"_type":53,"heading":242,"icon":49,"image":49,"infoBoxes":243},"5cbc21f5b7f4","3 - Locating and transferring pensions",[244,260,336,357,385,401],{"_key":245,"_type":58,"content":246,"title":259},"7e7d93dea499",[247,253],{"_key":248,"_type":21,"children":249,"style":27},"1608d637fe6a",[250],{"_key":251,"_type":25,"text":252},"1edec3c6ec33","No, if you have existing pensions, you only need to transfer one of your inactive pensions to my wealth invest to get started. You can add as many pensions as you like, at any time in the future.",{"_key":254,"_type":21,"children":255,"style":27},"76c388362023",[256],{"_key":257,"_type":25,"text":258},"4dd8b67ea5cc","If you don’t want to transfer an existing pension, you can open a SIPP with my wealth invest and start contributing today.","Do I have to transfer all of my pensions to my wealth invest?",{"_key":261,"_type":58,"content":262,"title":335},"cda265968524",[263,269,275,281,287,293,299,305,311,317,323,329],{"_key":264,"_type":21,"children":265,"style":27},"8ddf64c2610f",[266],{"_key":267,"_type":25,"text":268},"29aeb1f308df","When you sign up to my wealth invest, we’ll ask you questions about yourself and your pension in order to contact your old provider to begin the transfer process. Including your:",{"_key":270,"_type":21,"children":271,"level":72,"listItem":73,"style":27},"e708440cc756",[272],{"_key":273,"_type":25,"text":274},"66d1242a275d","Full legal name;",{"_key":276,"_type":21,"children":277,"level":72,"listItem":73,"style":27},"419f441eaf04",[278],{"_key":279,"_type":25,"text":280},"72a5644a8b82","Email address;",{"_key":282,"_type":21,"children":283,"level":72,"listItem":73,"style":27},"1ee3da0647bf",[284],{"_key":285,"_type":25,"text":286},"a06560fce161","Gender",{"_key":288,"_type":21,"children":289,"level":72,"listItem":73,"style":27},"a996f4923338",[290],{"_key":291,"_type":25,"text":292},"9419aaf30818","Date of birth;",{"_key":294,"_type":21,"children":295,"level":72,"listItem":73,"style":27},"ad79026cde2e",[296],{"_key":297,"_type":25,"text":298},"0134022f1b44","Phone number;",{"_key":300,"_type":21,"children":301,"level":72,"listItem":73,"style":27},"80d89a733b18",[302],{"_key":303,"_type":25,"text":304},"81bec6af1fd5","National Insurance number;",{"_key":306,"_type":21,"children":307,"level":72,"listItem":73,"style":27},"b1fd96d6aac7",[308],{"_key":309,"_type":25,"text":310},"dab54cff6d64","Current address;",{"_key":312,"_type":21,"children":313,"level":72,"listItem":73,"style":27},"d1f4d4f02e4e",[314],{"_key":315,"_type":25,"text":316},"33ccee9b5669","Name of pension provider;",{"_key":318,"_type":21,"children":319,"level":72,"listItem":73,"style":27},"3ab8dbb95db6",[320],{"_key":321,"_type":25,"text":322},"00bd17de35fe","Approximate transfer value;",{"_key":324,"_type":21,"children":325,"level":72,"listItem":73,"style":27},"68715fc676ee",[326],{"_key":327,"_type":25,"text":328},"57fe3dd3a194","If your pension is still receiving contributions; and",{"_key":330,"_type":21,"children":331,"level":72,"listItem":73,"style":27},"e0e59b5c050f",[332],{"_key":333,"_type":25,"text":334},"2c736cd96d9a","Your electronic signature.","How do you transfer my pension?",{"_key":337,"_type":58,"content":338,"title":335},"c7b20726956b",[339,345,351],{"_key":340,"_type":21,"children":341,"style":27},"a0a8306d932f",[342],{"_key":343,"_type":25,"text":344},"76abd6cb74e8","Many pension providers use Origo, a transfer service which facilitates the electronic transfer of pension savings securely and efficiently.",{"_key":346,"_type":21,"children":347,"style":27},"3f07acdc9c0b",[348],{"_key":349,"_type":25,"text":350},"9773dbea7799","If your current pension provider uses Origo, we will request the transfer for you.",{"_key":352,"_type":21,"children":353,"style":27},"48f21b9c4d6b",[354],{"_key":355,"_type":25,"text":356},"6782ce52bd40","If your current provider does not use Origo, you will need to request transfer-out paperwork from your scheme and return to us once you have completed the member sections.",{"_key":358,"_type":58,"content":359,"title":384},"8b0b94cec14f",[360,366,372,378],{"_key":361,"_type":21,"children":362,"style":27},"fa74bf55afb3",[363],{"_key":364,"_type":25,"text":365},"76b4b1a5e225","For transfers requested via Origo, you don’t have to sign any paperwork to start the process however, your provider may send you some additional documentation to sign.",{"_key":367,"_type":21,"children":368,"style":27},"7ac246f285bc",[369],{"_key":370,"_type":25,"text":371},"89f6b9701cfa","For transfers that can’t be facilitated by Origo, there will be transfer forms for you to sign and return to us at the following address:",{"_key":373,"_type":21,"children":374,"style":27},"c9a3d61e76d9",[375],{"_key":376,"_type":25,"text":377},"0a62b4a43639","Wealth at Work Limited\nThird Floor\n5 St Paul’s Square\nLiverpool\nL3 9SJ",{"_key":379,"_type":21,"children":380,"style":27},"e549b6163747",[381],{"_key":382,"_type":25,"text":383},"3c4597ce82ee","Once we are in receipt of your transfer paperwork, we will send it to your current provider together with our acceptance of the transfer.","Do I have to sign anything?",{"_key":386,"_type":58,"content":387,"title":400},"8a348a1a7b42",[388,394],{"_key":389,"_type":21,"children":390,"style":27},"2e7a3ca99120",[391],{"_key":392,"_type":25,"text":393},"0383a1213fd4","If the transfer value is over £30,000, you are legally required to take regulated financial advice before transferring a defined benefit or public sector pension to a defined contribution (DC) scheme like a SIPP or personal pension.",{"_key":395,"_type":21,"children":396,"style":27},"6e764e10d2db",[397],{"_key":398,"_type":25,"text":399},"29926f107b20","If the transfer value is under £30,000 you are not legally required to get financial advice. However, we strongly recommend seeking regulated financial advice before proceeding.","Can I transfer a defined benefit or public service pension?",{"_key":402,"_type":58,"content":403,"title":416},"962b668e21e8",[404,410],{"_key":405,"_type":21,"children":406,"style":27},"42b3d96a674e",[407],{"_key":408,"_type":25,"text":409},"f7416f7b6ab8","If you have an existing Capped Drawdown arrangement with your current pension scheme, please note that this will be lost upon transfer, as the WEALTH at work SIPP operates Flexi-Access Drawdown only.",{"_key":411,"_type":21,"children":412,"style":27},"b60827e0657c",[413],{"_key":414,"_type":25,"text":415},"8a514a801da4","We recommend checking with your current scheme to confirm whether you have a Capped Drawdown arrangement in place before proceeding.","Do you accept transfers that are in a Capped Drawdown arrangement?",{"_key":418,"_type":53,"heading":419,"icon":49,"image":49,"infoBoxes":420},"fff7b68be95e","4 - Contributions",[421,443,483,555,601,611,621,643],{"_key":422,"_type":58,"content":423,"title":442},"d6f6cbaddb0c",[424,430,436],{"_key":425,"_type":21,"children":426,"style":27},"cdf7b10c58a7",[427],{"_key":428,"_type":25,"text":429},"12df642cc214","You can make one-off contributions by logging into your online account.",{"_key":431,"_type":21,"children":432,"style":27},"aee7f7e2faf2",[433],{"_key":434,"_type":25,"text":435},"dcf6e1e731b4","You can make regular contributions by setting up a standing order with your bank account and making payments to the following bank details:",{"_key":437,"_type":21,"children":438,"style":27},"ba555c600339",[439],{"_key":440,"_type":25,"text":441},"239c1e8c8ac3","Account name - Wealth at Work Pension Trustees Ltd SIPP account\nSort code - 40-05-30\nAccount number - 24595432","How do I make contributions into my pension?",{"_key":444,"_type":58,"content":445,"title":482},"cff6898307bc",[446,452,458,464,470,476],{"_key":447,"_type":21,"children":448,"style":27},"538876edb838",[449],{"_key":450,"_type":25,"text":451},"5f2b7b99ad5f","You can contribute as much as you like to a pension however, there are limits on how much tax relief you can claim.",{"_key":453,"_type":21,"children":454,"style":27},"c01bfc7688db",[455],{"_key":456,"_type":25,"text":457},"9a69ba0bade1","You can get tax relief up to the lower of:",{"_key":459,"_type":21,"children":460,"style":27},"365312f68780",[461],{"_key":462,"_type":25,"text":463},"31391cfd24a1","£60,000 per year or your total UK earnings.",{"_key":465,"_type":21,"children":466,"style":27},"ebb446b65cad",[467],{"_key":468,"_type":25,"text":469},"3dd628685f0b","If you earn £35,000, you can get tax relief up to £35,000 of pension contributions.",{"_key":471,"_type":21,"children":472,"style":27},"c85e9561bfe3",[473],{"_key":474,"_type":25,"text":475},"430c316a8f71","If you have no earnings, you can pay up to £3,600 a year gross (£2,880 net) and receive basic rate tax relief (£720).",{"_key":477,"_type":21,"children":478,"style":27},"f8409d69de7e",[479],{"_key":480,"_type":25,"text":481},"0382af32943f","If you earn over £260,00 your allowance may be reduced.","What is the maximum I can pay into my pension?",{"_key":484,"_type":58,"content":485,"title":554},"085999abed94",[486,492,498,504,510,516,522,528,536,542,548],{"_key":487,"_type":21,"children":488,"style":27},"dc165ff02c93",[489],{"_key":490,"_type":25,"text":491},"9966304138d3","Carry forward is a rule that lets you use up any unused pension allowance from the last three tax years — so you can pay in more to your pension this year and still get tax relief.",{"_key":493,"_type":21,"children":494,"style":27},"c42b0c7de935",[495],{"_key":496,"_type":25,"text":497},"73a4e59e4640","How it works:",{"_key":499,"_type":21,"children":500,"style":27},"b216e4813e3b",[501],{"_key":502,"_type":25,"text":503},"847c068a2669","Each tax year, you can normally pay into your pension 100% of your earnings up to a maximum of £60,000 (as of the 2024\u002F25 tax year) and get tax relief. If you didn’t use all of your allowance in previous years, carry forward lets you \"catch up.\"",{"_key":505,"_type":21,"children":506,"style":27},"5497fe98ce24",[507],{"_key":508,"_type":25,"text":509},"d861b5b8fa8d","For example:",{"_key":511,"_type":21,"children":512,"level":72,"listItem":73,"style":27},"6a76e0eb319e",[513],{"_key":514,"_type":25,"text":515},"7e462c346c79","You didn’t use all your allowance in 2022, 2023, or 2024.",{"_key":517,"_type":21,"children":518,"level":72,"listItem":73,"style":27},"a5d5a4f458cb",[519],{"_key":520,"_type":25,"text":521},"c12420f2e87d","In 2025, you can add those unused amounts to your £60,000 allowance.",{"_key":523,"_type":21,"children":524,"level":72,"listItem":73,"style":27},"9d69206caf61",[525],{"_key":526,"_type":25,"text":527},"1adf56d10803","This means you could potentially pay in up to £180,000 (or more, depending on past limits).",{"_key":529,"_type":21,"children":530,"style":27},"b76759aee528",[531],{"_key":532,"_type":25,"marks":533,"text":535},"4bb7afa267da",[534],"strong","Who Can Use It?",{"_key":537,"_type":21,"children":538,"style":27},"799bca3e036b",[539],{"_key":540,"_type":25,"text":541},"14c0d4bb2649","To use carry forward:",{"_key":543,"_type":21,"children":544,"style":27},"8f43edf8d135",[545],{"_key":546,"_type":25,"text":547},"1266c816ca8d","You must have been a member of a UK pension in each year you’re carrying forward from.",{"_key":549,"_type":21,"children":550,"style":27},"8501b9962851",[551],{"_key":552,"_type":25,"text":553},"b11d5ac6bb62","You must earn enough income in the current year to cover the total contribution (you can’t get tax relief on more than your total earnings).","What’s the carry forward rule?",{"_key":556,"_type":58,"content":557,"title":600},"d03e08f9edfd",[558,564,570,576,582,588,594],{"_key":559,"_type":21,"children":560,"style":27},"f6c0274d973b",[561],{"_key":562,"_type":25,"text":563},"eb1071fd0bdc","If you're a basic-rate taxpayer (20%), every £80 you contribute becomes £100 in your pension (the government adds £20).",{"_key":565,"_type":21,"children":566,"style":27},"94745921d7f7",[567],{"_key":568,"_type":25,"text":569},"faa38268479e","If you're a higher-rate taxpayer (40%), you can claim back another £20 through your tax return — so a £100 contribution costs you only £60.",{"_key":571,"_type":21,"children":572,"style":27},"0792d3dfd9b6",[573],{"_key":574,"_type":25,"text":575},"1651c288b170","If you're an additional-rate taxpayer (45%), a £100 pension contribution could cost you as little as £55.",{"_key":577,"_type":21,"children":578,"style":27},"67de94173e82",[579],{"_key":580,"_type":25,"text":581},"0da1622e7560","Your money grows tax-free inside your pension. That means:",{"_key":583,"_type":21,"children":584,"level":72,"listItem":73,"style":27},"83627d8629c4",[585],{"_key":586,"_type":25,"text":587},"6df40596c76e","No income tax on interest",{"_key":589,"_type":21,"children":590,"level":72,"listItem":73,"style":27},"d13c82664865",[591],{"_key":592,"_type":25,"text":593},"8a9179a7b845","No capital gains tax on investment growth",{"_key":595,"_type":21,"children":596,"level":72,"listItem":73,"style":27},"a81848b49ce5",[597],{"_key":598,"_type":25,"text":599},"b433857fdafa","It all stays invested and compounding","Are there any tax benefits to making pension contributions?",{"_key":602,"_type":58,"content":603,"title":610},"8da35dbc5da2",[604],{"_key":605,"_type":21,"children":606,"style":27},"c21046bfabe5",[607],{"_key":608,"_type":25,"text":609},"cd8325e9178e","By using the my wealth invest app, you can view your payment history and view an up-to-date valuation of your pension.","How can I track my pension contributions and balance?",{"_key":612,"_type":58,"content":613,"title":620},"90b81a239f35",[614],{"_key":615,"_type":21,"children":616,"style":27},"c46c21974805",[617],{"_key":618,"_type":25,"text":619},"51f5c8b61fe7","Yes, you can cancel your pension contributions at any time by cancelling your standing order instruction at your bank.","Can I change or cancel my pension contributions?",{"_key":622,"_type":58,"content":623,"title":642},"a88c8bb688b9",[624,630,636],{"_key":625,"_type":21,"children":626,"style":27},"a6b58ea2c3c4",[627],{"_key":628,"_type":25,"text":629},"0a98e57c422d","Our fees are 0.50% per year, based on the value of your investment, and we’ll collect this from your account monthly in arrears.",{"_key":631,"_type":21,"children":632,"style":27},"da08240f6133",[633],{"_key":634,"_type":25,"text":635},"da3cf1e07e63","Wherever possible, we will always take our fee from any free cash on your account. If there is no cash available, then we’ll raise the required fee by selling a small proportion of your assets in line with your fund selection sufficient to satisfy the fee.",{"_key":637,"_type":21,"children":638,"style":27},"d4054568f4ae",[639],{"_key":640,"_type":25,"text":641},"643328f693b0","You will see on the individual Key Investor Information Document (KIID) fact sheet that each fund has its own ongoing charge. These are shown as a percentage of your investment. We do not have any control over what a fund may charge, but we will always try to pick funds with costs that provide you with value for money.","How much does it cost to use my wealth invest?",{"_key":644,"_type":58,"content":645,"title":652},"53869010481d",[646],{"_key":647,"_type":21,"children":648,"style":27},"253a97a263e6",[649],{"_key":650,"_type":25,"text":651},"a89879bec022","You will make key decisions as to which funds or investments your pension is in. You can decide the level of risk of your investments and how much you wish to contribute.","Who manages the money in my plan?",{"_key":654,"_type":53,"heading":655,"icon":49,"image":49,"infoBoxes":656},"fcd4db09f66d","5 - Living overseas",[657,667,677,705,715,725],{"_key":658,"_type":58,"content":659,"title":666},"7bb4e3b336b0",[660],{"_key":661,"_type":21,"children":662,"style":27},"29411cf46363",[663],{"_key":664,"_type":25,"text":665},"7dd78599c701","No, we do not accept transfers from overseas pension schemes.","Can I transfer an international pension to my wealth invest?",{"_key":668,"_type":58,"content":669,"title":676},"f9c5dfb44680",[670],{"_key":671,"_type":21,"children":672,"style":27},"9b1285455136",[673],{"_key":674,"_type":25,"text":675},"a954a423a59e","Yes, you can withdraw from your pension if you’re based overseas however, all payments must be made to a UK Sterling bank account and taxed under HMRC PAYE rules.","Can I withdraw from my pension if I’m not based in the UK?",{"_key":678,"_type":58,"content":679,"title":704},"be9ec33e9a1e",[680,686,692,698],{"_key":681,"_type":21,"children":682,"style":27},"5fe2ca976038",[683],{"_key":684,"_type":25,"text":685},"d61416f6d02b","You can contribute if you are a relevant UK individual which means:\n",{"_key":687,"_type":21,"children":688,"level":72,"listItem":73,"style":27},"e6e98ee9c1b1",[689],{"_key":690,"_type":25,"text":691},"25772526da98","you are a UK resident for tax purposes at some point during the current tax year, or",{"_key":693,"_type":21,"children":694,"level":72,"listItem":73,"style":27},"57315401fd5c",[695],{"_key":696,"_type":25,"text":697},"17e80ebe6c1d","you have been a UK resident at some point in the past five tax years and when you joined the Scheme, or",{"_key":699,"_type":21,"children":700,"level":72,"listItem":73,"style":27},"5fbce021e163",[701],{"_key":702,"_type":25,"text":703},"3eb66bcfddea","you have relevant UK earnings subject to tax, or you are the spouse or civil partner of a Crown servant working overseas.","Can I contribute if I’m not based in the UK?",{"_key":706,"_type":58,"content":707,"title":714},"ccead99a145f",[708],{"_key":709,"_type":21,"children":710,"style":27},"51d346dfa9a0",[711],{"_key":712,"_type":25,"text":713},"61899d8b329e","If you move abroad, you can leave the pension invested and continue to let it grow or transfer it to a recognised overseas pension scheme.","What will happen to my pension if I move abroad?",{"_key":716,"_type":58,"content":717,"title":724},"f40791055727",[718],{"_key":719,"_type":21,"children":720,"style":27},"98d57c493da6",[721],{"_key":722,"_type":25,"text":723},"7810688a335f","We only accept UK residents and must have a UK address.","I don’t currently have a UK address, what do I do?",{"_key":726,"_type":58,"content":727,"title":734},"25acb2099088",[728],{"_key":729,"_type":21,"children":730,"style":27},"3534f7d90a87",[731],{"_key":732,"_type":25,"text":733},"c2bffd5e003c","You must be a UK resident to open a WEALTH at work SIPP.","Does my wealth invest take clients with US tax\u002FFATCA reporting requirements?",{"_key":736,"_type":53,"heading":737,"icon":49,"image":49,"infoBoxes":738},"8507bcba2055","6 - Withdrawals",[739,749,759,768,778,824,841],{"_key":740,"_type":58,"content":741,"title":748},"fd75dd407b07",[742],{"_key":743,"_type":21,"children":744,"style":27},"c1a0ecf5590f",[745],{"_key":746,"_type":25,"text":747},"cd939a47bdb3","To withdraw money from your pension contact {insert email address} and request a drawdown application form.","How do I withdraw money from my pension?",{"_key":750,"_type":58,"content":751,"title":758},"603a474de154",[752],{"_key":753,"_type":21,"children":754,"style":27},"d5820554b2c2",[755],{"_key":756,"_type":25,"text":757},"036a01acfe75","All payments will be made to you by electronic transfer into a UK Sterling bank account.","What type of account am I able to withdraw money into?",{"_key":760,"_type":58,"content":761,"title":767},"ee6120bef95a",[762],{"_key":763,"_type":21,"children":764,"style":27},"49a820c5eff1",[765],{"_key":766,"_type":25,"text":609},"a5c7bce85240","How can I track my pension withdrawals and balance?",{"_key":769,"_type":58,"content":770,"title":777},"29ddb6fb104b",[771],{"_key":772,"_type":21,"children":773,"style":27},"44f1ea72bb41",[774],{"_key":775,"_type":25,"text":776},"ac5f05390720","For 2025\u002F26 tax year, you can take up to 25% of your total pension tax-free up to a maximum of £268,275. The rest is taxed as income at your marginal rate.","What are the tax implications of drawdown?",{"_key":779,"_type":58,"content":780,"title":823},"dc2c217b010b",[781,787,793,799,805,811,817],{"_key":782,"_type":21,"children":783,"style":27},"0bb072cf14ff",[784],{"_key":785,"_type":25,"text":786},"52d14eed9b0e","For your first income withdrawal we will apply an emergency tax code of 1257L, week one, month one. This tax code assumes that this is the first of similar monthly payments and gives you 1\u002F12th of your personal allowance. This often results in you paying too much tax at first.",{"_key":788,"_type":21,"children":789,"style":27},"f1d2489ef7e6",[790],{"_key":791,"_type":25,"text":792},"fce084d64b69","After your first payment, HMRC usually notify us as the pension provider a new tax code which will then be applied to future payments.",{"_key":794,"_type":21,"children":795,"style":27},"619d4862c034",[796],{"_key":797,"_type":25,"text":798},"01825817e281","If you are receiving income monthly, then you may automatically receive a refund in later months. If not, you can claim overpaid tax directly from HMRC using one of the following forms:",{"_key":800,"_type":21,"children":801,"level":72,"listItem":73,"style":27},"3747b387d70d",[802],{"_key":803,"_type":25,"text":804},"525049d736fa","Form P55 (if you took only part of your pension and not the full pot)",{"_key":806,"_type":21,"children":807,"level":72,"listItem":73,"style":27},"3973f75924ab",[808],{"_key":809,"_type":25,"text":810},"d6324698390b","Form P53Z or P50Z (depending on your situation)",{"_key":812,"_type":21,"children":813,"style":27},"feeedb291880",[814],{"_key":815,"_type":25,"text":816},"5e972d84850f","https:\u002F\u002Fwww.gov.uk\u002Fguidance\u002Fclaim-back-tax-on-a-flexibly-accessed-pension-overpayment-p55",{"_key":818,"_type":21,"children":819,"style":27},"98d369a39a23",[820],{"_key":821,"_type":25,"text":822},"bcc693ac93c9","This refund usually takes 1 – 2 months.","How can I get back emergency tax?",{"_key":825,"_type":58,"content":826,"title":840},"87361cbe8ee1",[827],{"_key":828,"_type":21,"children":829,"style":27},"4c1c6f3e291d",[830,833,837],{"_key":831,"_type":25,"text":832},"94ec60ed7e3d","To notify us of a client's passing, you can call us on ",{"_key":834,"_type":25,"marks":835,"text":836},"ff4f54010926",[534],"0800 093 1465",{"_key":838,"_type":25,"text":839},"f9c0fc298b72"," or email us at info@mywealthinvest.co.uk. You will need to send an original copy of the death certificate and if one is available, a certified copy of the will. Following receipt of this information, we will issue an Information Gathering form to the personal representative. This form helps us to identify any individuals who may have been financially dependent on the deceased.","How do I notify you if a my wealth invest client has passed away?",{"_key":842,"_type":58,"content":843,"title":850},"9b54b6daeb5a",[844],{"_key":845,"_type":21,"children":846,"style":27},"f5de4d8fdda6",[847],{"_key":848,"_type":25,"text":849},"df49a2118e50","Yes, we can accept transfers that are already in drawdown. Under HMRC rules you cannot partially transfer pensions in drawdown.","Can I transfer a pension already in drawdown?",{"_key":852,"_type":53,"heading":853,"icon":49,"image":49,"infoBoxes":854},"9ece121d186f","7 - Transferring out of my wealth invest",[855,865,875],{"_key":856,"_type":58,"content":857,"title":864},"7962442b2c9e",[858],{"_key":859,"_type":21,"children":860,"style":27},"1f2072e3f75a",[861],{"_key":862,"_type":25,"text":863},"bbf14bfa436b","You will receive a 30-day cancellation period after a transfer is received.","Can I change my mind about any (or all) of my pensions?",{"_key":866,"_type":58,"content":867,"title":874},"10e63edd8a2e",[868],{"_key":869,"_type":21,"children":870,"style":27},"574923c6a826",[871],{"_key":872,"_type":25,"text":873},"813fc88ed57c","There are no exit fees.","Is there an exit fee?",{"_key":876,"_type":58,"content":877,"title":890},"c4b6e70ba4fa",[878,884],{"_key":879,"_type":21,"children":880,"style":27},"7c92085c66f1",[881],{"_key":882,"_type":25,"text":883},"7436a53d32a0","When we receive your transfer-out request, as the Scheme Administrator we have duty to perform due diligence on the receiving scheme. This due diligence process may highlight risks that we need to make you aware of and may require that you attend a mandatory safeguarding guidance appointment with MoneyHelper.",{"_key":885,"_type":21,"children":886,"style":27},"e926c6b95c72",[887],{"_key":888,"_type":25,"text":889},"2a80c7cbcc7b","Due to the due diligence checks that we must perform, it can take up to 6 – 8 weeks to transfer your pension.","How long does it take to transfer my pension out?",{"_key":892,"_type":53,"heading":893,"icon":49,"image":49,"infoBoxes":894},"033a2e4de929","8 - my wealth invest security and data protection",[895,905,921],{"_key":896,"_type":58,"content":897,"title":904},"649f288a8766",[898],{"_key":899,"_type":21,"children":900,"style":27},"4dbe2498740f",[901],{"_key":902,"_type":25,"text":903},"8c0546353349","Yes, my wealth invest is a trading name of Wealth at Work Limited which is authorised and regulated by the Financial Conduct Authority and is part of the Wealth at Work group.","Is my wealth invest authorised and regulated by the Financial Conduct Authority?",{"_key":906,"_type":58,"content":907,"title":920},"0555f785cab0",[908,914],{"_key":909,"_type":21,"children":910,"style":27},"59e9c0b7c00b",[911],{"_key":912,"_type":25,"text":913},"d545ad14a8e4","Your privacy and personal information are important to us.",{"_key":915,"_type":21,"children":916,"style":27},"dd4b8aa66c11",[917],{"_key":918,"_type":25,"text":919},"6909521e6d04","Any personal information that you provide to us will be dealt with in line with our privacy notice, which explains what personal information we collect from you, how and why we collect, store, use and share such information, your rights in relation to your personal information and how to contact us and supervisory authorities if you have a query or complaint about the use of your personal information.","How do you protect my personal information?",{"_key":922,"_type":58,"content":923,"title":948},"14c29cb5c19c",[924,930,936,942],{"_key":925,"_type":21,"children":926,"style":27},"38d017dfcdfd",[927],{"_key":928,"_type":25,"text":929},"b01838f6695b","As we are a regulated company you may be entitled to compensation from the FSCS if we cannot meet our obligations to you in respect of regulated activities. Your entitlement will depend on the circumstances of your claim.",{"_key":931,"_type":21,"children":932,"style":27},"5252d8695d01",[933],{"_key":934,"_type":25,"text":935},"7743b683deab","There is a maximum level of compensation which is available which varies from time to time and may depend upon the type of investment. Full details are available from the Financial Services Compensation Scheme.",{"_key":937,"_type":21,"children":938,"style":27},"804e16674225",[939],{"_key":940,"_type":25,"text":941},"e64d50754b5f","Please contact us for details about compensation or you can contact the FSCS at:",{"_key":943,"_type":21,"children":944,"style":27},"0e7dcb2077a4",[945],{"_key":946,"_type":25,"text":947},"48514f0815f4","PO Box 300\nMitcheldean\nGL17 1DY\nTel: 0800 678 1100\nwww.fscs.org.uk\n","Is my pension protected by the Financial Services Compensation Scheme?",{"_type":29,"current":950},"personal-pension-faqs","Personal Pension FAQs",1777562029150]