Where this fits
Check for protected tax-free cash and a protected pension age before a Legal & General pot moves.
Sunny Bharj
Independent Financial Adviser
Tony Springer
Independent Financial Adviser
Legal & General runs workplace pensions, two master trusts, a personal pension and annuities. Your charge is in your annual statement. It makes no charge for taking income or transferring, and its drawdown plan takes a full transfer of your pot, which can lose protected tax-free cash.
Legal and General Assurance Society Limited, on the FCA register under firm reference number 117659, part of Legal & General Group plc. It also runs the Legal & General WorkSave Mastertrust, authorised by The Pensions Regulator.
A workplace pension carries an annual management charge for administration and a fund charge that depends on the funds you hold. Your annual management charge is in your benefit statement or joining documents, and fund charges are on the fund factsheets.
Legal & General says it does not charge for taking income or lump sums, switching investments or transferring to another provider. Its Personal Pension Drawdown plan charges 0.25% a year plus fund charges.
Legal & General warns that transferring your whole pension out may lose any protected tax-free cash, and a part transfer loses it on the amount moved.
Some of its products protect the right to take benefits at 55 after the minimum pension age rises to 57 in April 2028. A transfer can lose that too.
If your scheme allows it, you can transfer to another registered UK pension at any time and Legal & General makes no charge. A part transfer, where allowed, must be at least £2,000 and leave at least £100 behind.
Checked on 2 October 2026 against legalandgeneral.com, the FCA register and The Pensions Regulator's list of master trusts. Phone numbers, charges and options change, so check the provider's own site before you act.
A pension that lets you take money at 55 after the age rises to 57 carries a right that a transfer can throw away.
No, if your scheme allows the transfer. The receiving provider may charge.
Through its Personal Pension Drawdown plan, which takes a transfer of the whole pot.
Your annual benefit statement or joining documents show the management charge, and the fund factsheets show the fund charges.
Check for protected tax-free cash and a protected pension age before a Legal & General pot moves.
Independent Financial Adviser
Independent Financial Adviser
A first conversation of about twenty minutes, at no cost to you. Tell us what is on your mind: a pension you have lost track of, a fixed rate ending, a will you keep meaning to write.