Can I switch my SIPP as part of Business Banking Switch?
A SIPP can be switched as part of Business Banking Switch but it’s important you speak to your pension provider regarding any tax or SIPP implications before switching your SIPP. It’s likely your pension provider would need to authorise the switch to a new account. There are also certain rules when it comes to tax regarding SIPPs that you should understand before choosing to switch your SIPP.
Please note: the SIPP would not qualify for an incentive and the participating bank would need to accept the transfer.