Pension drawdown glossary
A charge for transferring your whole pension to another provider. Most platforms in our comparison do not charge one; check the provider's charges schedule before transferring in.
Source: MoneyHelper: transfer or combine defined contribution pensions · Last reviewed 24 September 2026
See every term in the A–Z glossary. Definitions are general information for the 2026/27 tax year, not personal advice.
Important: The value of investments can fall as well as rise. You may get back less than you invest. Tax rules can change and benefits depend on individual circumstances. This is not financial advice.