How to move money into the RMDCP from another plan

You might be able to transfer money from a different pension plan into your RMDCP pension pot. You might want to do this if the charges you pay in the RMDCP are lower, or if the investment funds in the RMDCP are more suitable for you.

If you want to transfer money from another pension plan, get in touch with Scottish Widows. You can call them on 0800 092 8263. It’s a good idea to talk to a financial adviser before you do this.

If you’re transferring money from a defined benefit scheme, and the amount you’re transferring is over £30,000, you have to get advice first

That advice needs to come from an adviser who is qualified to help people who want to transfer out of a defined benefit scheme.

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