Transfer Your Interactive Investor Pension | Guide & Process 2026
Complete guide to transferring your Interactive Investor pension. Fees, timelines, process steps and what to check before you transfer. Updated for 2026.
10 min readUpdated April 2026
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Interactive Investor Pension Transfer: Overview
Interactive Investor (ii) is the UK's second-largest investment platform, offering a flat-fee SIPP that is particularly cost-effective for larger pension pots. Unlike percentage-based platforms, ii charges a fixed monthly fee regardless of your pot size, making it exceptionally good value as your pension grows.
Fees and Charges
Interactive Investor pension charges: Flat fee from £5.99/month (Investor plan) to £19.99/month (Super Investor). Always request a transfer value illustration before proceeding, as older policies may have different fee structures or exit charges that could affect your transfer value.
Fund Options
Over 40,000 investments including funds, shares, ETFs and investment trusts. When transferring, you will need to choose new funds with your receiving provider. Consider whether your current fund selection aligns with your retirement goals and risk tolerance before and after the transfer.
Transfer Process and Timeline
The typical transfer timeline for Interactive Investor is 4-6 weeks for standard transfers. To initiate a transfer, contact your new pension provider with your Interactive Investor policy details. They will submit a formal transfer request. During the transfer, your investments may be temporarily held in cash, so timing can affect your returns.
Important: Before transferring any pension, check for valuable guarantees such as guaranteed annuity rates, guaranteed minimum pensions, or protected tax-free cash. These benefits cannot be replaced once surrendered. If your Interactive Investor pension has a transfer value above £30,000 and includes defined benefits, you are legally required to take independent financial advice.
Pros of Interactive Investor
Flat-fee pricing outstanding for larger pots
Massive investment range with over 40,000 options
No percentage-based platform charges
Free regular investing service
Strong research and analysis tools
Cons of Interactive Investor
Fixed fee expensive for very small pots
Platform can feel complex initially
Customer service wait times variable
Monthly fee applies even in bear markets
Need to choose correct plan tier
Who Is Interactive Investor Best For?
Interactive Investor transfers are ideal for those with larger pension pots who want to avoid percentage-based charges. Outstanding for self-directed investors who want access to the widest possible range of investments at a fixed cost.
Transfer checklist: Before you transfer, gather your policy number, check for exit charges, confirm any guarantees, compare fees with your new provider, and ensure the receiving scheme can accept the transfer type. Allow 4-6 weeks for standard transfers for the process to complete.
Frequently Asked Questions
Open an ii SIPP online and select the transfer option. Provide your existing pension details and ii will manage the process. They accept both cash and in-specie transfers. Most transfers complete within 4 to 6 weeks.
ii charges a flat monthly fee: £5.99/month (Investor plan, 1 free trade), £11.99/month (Super Investor, 2 free trades), or £19.99/month for the highest tier. There is no additional percentage-based platform fee. Share dealing costs £3.99 per trade beyond free allocations.
For larger pots, ii is significantly cheaper. For example, on a £500,000 pot, ii charges £143.88/year vs HL's £1,375. For very small pots (under £30,000), HL's percentage fee may actually work out cheaper than ii's flat monthly charge.
Yes, ii's SIPP offers access to UK and international shares, ETFs, investment trusts, bonds, and over 3,000 funds. The investment range is one of the widest available, making it suitable for sophisticated investors who want maximum choice.
Yes, ii provides full flexible drawdown at no additional cost. You can take tax-free cash and draw income as needed while continuing to manage your investments. Their drawdown tools include income modelling and withdrawal planning features.
ii is FCA-regulated and client assets are held in ring-fenced nominee accounts separate from the company's assets. FSCS protection applies up to £85,000. ii was acquired by abrdn in 2022, providing additional corporate backing.
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