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Remember, the value of investments can go up and down, so you may get back less money than you put in. Tax depends on your individual circumstances and the regulations may change in the future.

Why transfer your pensions?

Transferring or combining your pensions is the smart way to take control of your retirement savings and get a clearer picture of your retirement income. One pension means less admin and you could save money by paying less in fees, too.

Not only that, transfer your pensions to a new Virgin Money Pension and you’ll get thousands of Virgin Points thrown in. Your brighter retirement starts here.

Straightforward to manage

Transfer your pensions and you’ve got one sign-in, one statement and one online place for everything. So that’s one less thing to think about.

Easy to keep track

Pension performance all over the place? Having everything under one roof means it’s easier to see how your money’s shaping up.

Simple to control

If you’re not quite retirement ready, transferring into one pension now could make it easier to access your money later.

Say hello to Virgin Red

Virgin Red is our rewards club. Shop your favourite brands and earn Virgin Points to spend on good stuff from the Virgin family and beyond.

You could earn up to a whopping 125,000 Virgin Points by transferring one or more pensions worth at least £1,000 into a Virgin Money Pension. To qualify, do it by 23 August 2024 and keep it with us until 20 December 2024. Terms apply. You’ll need to be or become a Virgin Red member to spend your points.

Don’t worry - if you have a Virgin Money Pension already, and you’ve asked to transfer a pension to us online since 8 January 2024, you’re included too.

Find out moreabout Virgin Red points Link opens in a new window

Here’s more about joining Virgin Red, and how to earn and spend Virgin Points.

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Treats, travel and amazing experiences

Images are for illustrative purposes and redemption options may vary subject to availability within Virgin Red. Reward flights do not include any applicable passenger taxes, fees and charges, which will be charged and payable in respect of each passenger.

More pots, more points

Move your pensions to us and bag thousands of Virgin Points. Treat yourself to Virgin Red goodies from food to flights, gifts to gigs, days out to nights in. Here’s how:

  1. Go online and transfer one or more pensions worth at least £1,000 into a Virgin Money Pension by 23 August 2024.
  2. Double-check we have your email address – we’ll need it to send your points.
  3. Keep your pension with us until at least 20 December 2024.
  4. Make a Virgin Red shopping list and get spending.

The more you transfer, the more Virgin Points you’ll earn:

Total amount transferred inPoints Reward
£1,000 to £9,99910,000
£10,000 to £24,99920,000
£25,000 to £49,99945,000
£50,000 to £99,999100,000

If you already have a pension with us, we’ve got your back. As long as you’re a Virgin Money Pension customer, and you’ve asked to transfer one or more pensions to us online since 8 January 2024, we’ll make sure you get up to 125,000 Virgin Points too.

Capital at risk. Terms apply

Not a Virgin Red member yet?

Sign up now Link opens in a new window
See questions and answers
mobile phone showing a screenshot of the new is your pensions pointless? campaign

Questions and answers

If you don’t have a Virgin Money Pension yet, you can find all the information you need to choose the right pension for you and apply online here:

You can provide information about your old pension during your application.

If you already have a Virgin Money Pension, then simply sign in to your Online Service, click View your account and then choose Transfer a pension to us. Note you will need to use the website to add your transfer, the mobile app doesn’t include this option.

Once you meet the qualifying criteria, we'll email your Virgin Red promo code during January 2025. Please make sure you’ve given us your email address.

You can update your email address at any time via your Virgin Money Investments Online Service. Just log in click on profile and select change to update your email address.

If you opened your account before 1 January 2023

Get in touch and we’ll help update it for you.

Virgin Red is Virgin’s free-to-join rewards club. With 150+ ways to spend points, you can shop your favourite brands and earn Virgin Points to spend on good stuff from the Virgin family and beyond. From food to flights, gigs to gifts, days out to nights in – there’s something for everyone. If that sounds like a bit of you, sign up to Virgin Red and start earning today.

If you're not already a Virgin Red member, you'll need to sign up and download the Virgin Red app. Once in the app, tap Account then Promo codes to enter your unique code (you'll get this by email from us). Then your Virgin Points will be added to your account. Happy spending!

Yes. It's quick and easy to sign-up and the best bit is, it's totally free. You need to be a Virgin Red member to use Virgin Points, so you'll need to sign up to Virgin Red before you can start spending them.

The great news is that Virgin Points don't expire. However, your Virgin Red promo code from this pension transfer in offer will expire on 25 April 2025. Make sure you redeem your Virgin Red promo code before it expires.

Pension transfer-in offer

Customers who transfer in one or more pensions worth at least £1,000 into their Virgin Money Pension before 23 August 2024.

Transfer one or more pensions worth at least £1,000 in to a Virgin Money Pension before 23 August 2024, and keep it invested until 20 December 2024. Offer also applies to any existing pension customer who has submitted an online transfer request since 8 January 2024. The offer also applies to any new pension accounts opened since 15 November 2023 who have made a transfer in since opening. We need to receive your transfer application online before 5pm on 23 August 2024, and the transfer must complete by 20 December 2024. You must provide or already have saved an email address to your pension to allow us to send you the Virgin Points.

One offer per customer. The more you choose to transfer in, the more Virgin Points you could receive – see table below.

Virgin Red is a rewards club that turns your everyday spending into Virgin Points. If you apply by 23 August 2024 to transfer in one or more pensions worth at least £1,000 and keep it invested until 20 December 2024 you’ll earn Virgin Points. The table below shows you how many Virgin Points you can earn based on the total amount transferred in before the closing date.

Total amount transferred inVirgin Points reward
£1,000 to £9,99910,000
£10,000 to £24,99920,000
£25,000 to £49,99945,000
£50,000 to £99,999100,000

Once you’ve qualified for the offer, we’ll email you a Virgin Red promo code to get your points. Your Virgin Points reward will be based on the total pension value(s) you’ve transferred in by 20 December 2024.

If you haven’t already, you’ll need to join Virgin Red to be able to redeem and spend the points. It’s quick and easy to sign-up, and the best bit: it’s totally free.

Join Virgin Red now

We will send your promo code by email during January 2025. It will be sent to the email address we hold for you. The email will provide instructions on how to sign up (if you aren’t already a Virgin Red member) and how to redeem the promo code on the Virgin Red app or website. We may also send you a reminder email.

You have until 25 April 2025 to redeem your promo code and claim your points - so make sure you do it before then or you’ll miss out.

After you’ve redeemed your Virgin Red promo code, the points are added to your Virgin Red account. There is no specific expiry date for using the points. Virgin Points can be spent on a wide range of exciting rewards ranging from everyday treats to extraordinary experiences and everything in between. Log in to the Virgin Red app or look at the Virgin Red website and discover all the different options.

You can spend your points however you like, in line with the terms which you can read using the link below.

Virgin Red's programme terms

We thought we should highlight a few key things from Virgin Red’s programme terms:

  • The points don’t have a cash value and they can’t be swapped for cash or transferred to anyone else (except as set out in the Virgin Red programme terms).
  • The number of Virgin Points you can earn or the number of Virgin Points you need to spend to obtain a reward may change at any time.

Although we’ll be working closely with our friends at Virgin Red on this promotion, we aren't responsible for their terms, their marketing, or any of the offers available through Virgin Red. Just contact Virgin Red if you have any questions about these topics.

  • There is no upper limit to the number or value of pensions that can be transferred in, but the maximum amount of Virgin Points you can earn is 125,000.
  • Applications for the Pension are subject to status and eligibility criteria.
  • You should consider carefully whether transferring other pensions is right for you. We can only accept certain types of pension transfer, these are shown on our website.
  • We’ll use your personal information to help us run the offer. This includes information we hold around transaction history, your email address and name.
  • We will receive confirmation from Virgin Red if your code has been used.
  • English law applies to the offer.
  • If something goes wrong, we’ll try to fix it. If we can’t because it’s something we can’t control, or it’s not our fault, then we may have to change the offer. This includes suspending the offer or ending it early. We can make such changes without giving you notice. However, we’ll try our best to avoid making changes. And we’ll try to minimise any disappointment to you when we make changes.
  • Offer excludes transferring money from an existing Virgin Money Pension.
  • We can withdraw the offer without giving you any advance notice, but we’ll try to give some notice if we can.
  • We’ve got a limited number of Virgin Red codes, so once they’re gone, they’re gone. As long as you’ve got a Virgin Money Pension with us before we withdraw the offer and you’ve satisfied the offer criteria shown in ‘What is the offer’, we’ll still give you your relevant amount of Virgin Red Points.
  • We are Virgin Money Unit Trust Managers Limited.
  • Our company number is 03000482.
  • Our registered office is Jubilee House, Gosforth, Newcastle-Upon-Tyne, NE3 4PL.

See what you could've won

View all the terms for our previous offers