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Our Flexible Transitions Account offers you flexibility and choice to meet your needs.

  • A tax efficient way to save with greater investment choice
  • Combine all your existing pensions under one roof
  • Contribute regular or single contributions
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What is a pension?

A pension is a way of saving for your retirement to enable you to support yourself financially when you retire. It's a tax efficient 'wrapper' used to secure an income for you when you stop working and reach retirement age.

It's never too early to start saving for your retirement so you can look after those you love.

There are three main types of individual pensions - personal pensions, stakeholder pensions and self-invested personal pensions. Our Flexible Transitions Account is a self-invested personal pension (SIPP) which gives you more choice and flexibility about where your money is invested.It's also possible to transfer an existing pension into an LV= Flexible Transitions Account.

A financial adviser can help you with making this decision. So before you decide about your retirement pension and your pension options find a financial adviser to discuss your options.

Product features

  • Flexibility while you're making your contributions as well as when you come to take your benefits.
  • Make regular or single payments up to age 74.
  • Transfer other pensions in up to age 85.
  • A tax efficient pension plan with a wide range of investment options.
  • Available to you if you're up to the age of 85 and are a UK resident.
  • A self-invested pension plan (SIPP) designed for people who want to take advantage of the wide range of investment options, but who would prefer to do this with the help of a Financial Adviser, rather than do so alone.

Important information

  • Your investment choices will rise and fall in value which means that the value may fall to less than the amount that you've invested.
  • If you reduce your contributions or take your benefits earlier than planned, then your income may be less than shown in your personal illustration.
  • If you choose to take income directly from your pension fund, these withdrawals will reduce the potential for future growth.
  • Rising prices will reduce the buying power of your pension fund in the future.
  • You can't cash in your plan at any time.
  • You may normally only take benefits from your plan from age 55, or you may transfer to another provider at any time.
  • Elements of the Plan may be held in stock market related investments, so you are not certain to make a profit and may get back less than you invested.
  • The tax treatment of the Plan will, in part, depend on your personal tax status, which may be subject to change. Please refer to the Key Features for details of how contributions and benefits from your plan will be taxed. Any references to taxation are based on our understanding of current legislation and HM Revenue & Customs practice, which is subject to change.
  • If the Government changes the tax treatment of this plan, any tax relief given on personal contributions paid could change.

Discuss your pension options with an adviser

How to start a Flexible Transitions Account

If you wish to pay contributions, you must be under age 75 and if you wish to transfer a fund, you must be under age 85.

  1. Please make sure you read the details about our Flexible Transitions Account product and the key features document.
  2. If you have an existing pension product already with LV=, you can phone one of our friendly financial advisers on 0800 756 8847 to discuss whether the Flexible Transitions Account may be suitable for you.
  3. If you don’t have one already, find and speak to a financial adviser to discuss your particular needs and situation in more detail and help you make the right choice about your pension provision.
  4. If having discussed with one of our advisers you’re happy that the product meets your needs, they can take your application details over the phone.

You can phone us about an existing LV= Pension product. Our lines are open 8.30am - 6pm Monday to Friday.

You can phone us
Call our UK-based advisers for more information


0800 756 8847
Quoting offer code IELO

TextDirect: 18001 0800 756 8847

8.30am - 6pm Monday to Friday

Existing customer?

If you're an IFA please call:

0800 169 1111

TextDirect: 18001 08001691111

We may record and/or monitor calls for training and audit purposes.

Call me back

If you would like us to call you back to find out more all we need are some basic details.

Why choose LV=

An insurance provider you can trust established in 1843.

  • Winner of the 2014 Gold Standards Award for Individual Pensions
  • UK's largest friendly society

Policy documents

  • Key features
  • Terms and conditions

Get advice

A financial adviser can help you decide where your money is invested.