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Aegon · UK pension transfer guide
Aegon pension transfer guide for NRIs considering an overseas transfer.
This independent guide explains common transfer-out questions for a UK pension currently held by Aegon. Aegon would be the ceding provider, not the overseas receiving scheme. A transfer is possible only if the member, benefits and receiving scheme meet the rules in force.
No affiliation with or endorsement by Aegon is claimed · Aegon is not presented as a QROPS
Your Aegon Pension
What kind of Aegon pension are you likely holding?
Aegon's UK business is built primarily around workplace pension administration, so most NRIs we speak to hold a scheme connected to a former employer.
The vast majority of Aegon pensions we see are workplace defined contribution (DC) pensions, set up by an employer through auto-enrolment or a group personal pension arrangement, with contributions invested across Aegon's fund platform. A smaller number of NRIs hold a standalone personal pension arranged independently, sometimes through a workplace scheme that Aegon inherited when it took over another provider's book of business, as international insurance groups periodically consolidate.
Whichever type you hold, the first step is requesting a current transfer value directly from Aegon and confirming there are no outstanding employer contributions or vesting periods that need to settle first. We manage that request and everything that follows.
Transfer Considerations
What matters most when moving an Aegon pension
The rules that govern this transfer come from HMRC, not Aegon — so getting the compliance side right protects you, whichever provider you're moving from.
GOV.UK notification-list check
Before any permitted transfer, the proposed receiving scheme requires a GOV.UK ROPS notification-list check and separate statutory, provider, tax, charge and suitability checks. Notification is not approval or verification.
Understanding unauthorised-payment charges
An unauthorised payment is generally charged at 40%, with a further 15% surcharge only where statutory conditions apply. The risk must be assessed; it cannot be guaranteed away.
Provider document requirements
Discharge forms, identity evidence and provider declarations should be prepared against the provider’s current instructions; the provider decides whether a submission is complete.
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Related pages & other providers
The transfer process
A step-by-step look at how your money moves. See the process →
Talk to us
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Start with a Free Assessment
Ten minutes is all it takes to know where your Aegon pension stands.
Tell us about your Aegon scheme and where you're settling. We can outline the questions to take to your providers and regulated advisers; costs, eligibility and timing depend on your individual case.