1.1. The offer is being run by Smart Pension Limited.

1.2. This offer is open to members of the Smart Pension Master Trust, excluding employees of Smart Pension Limited, who receive an invitation and request a transfer in accordance with these terms and conditions.

1.3. By accepting the offer, you confirm that you are eligible to do so and that:

(a) You have checked whether any exit fees will be charged by the transferring scheme and are comfortable with those fees if they apply;

(b) You have checked whether you have any protected rights in the transferring scheme and whether you would lose those rights by transferring;

(c) If you are accepting the reward as a contribution into your Smart Pension account, you have checked that you have enough annual allowance to accept the additional contribution; and

(d) You have considered whether you need any financial advice before making a transfer; and

(e) You have taken enough time to decide whether a transfer to Smart Pension is right for you.

2.1. To accept the offer, you must request a transfer via your Smart Pension account from a UK registered pension scheme to Smart Pension before 31 December 2026 (the “Offer Period”). You may request more than one transfer but only transfers requested during the Offer Period will qualify for the offer.

2.2. The minimum transfer value for all transfers requested during the Offer Period is £1,000.

2.3. To remain eligible for the offer, the eligible transferred pension(s) must remain in Smart Pension for a period of six months from the date of receipt (the “Qualifying Period”).

2.4. Any withdrawals or transfers out during the Qualifying Period will result in the reward being re-calculated on the value of the remaining part of the transfer as at the date each eligible transfer completed. If the re-calculated value is less than £1,000, no reward will be paid. Otherwise, the reward will be re-calculated using the reward bands set out below.

2.5. If the value of the eligible transferred pension(s) decreases solely due to market movements, the reward entitlement will be unaffected.

2.6. If, after a reward has been paid, you withdraw or transfer out of Smart Pension before 31 December 2027, some or all of the transferred pension(s), Smart Pension reserves the right to reclaim some or all the reward paid. The amount(s) reclaimed will be determined following each withdrawal or transfer and will be calculated using the methodology set out above, by deducting the revised reward amount from the reward paid.

2.7. Smart Pension cannot accept transfers of any defined benefit, safeguarded benefit or otherwise guaranteed pensions and any transfer must be made in accordance with our usual processes.

2.8. Smart Pension will not accept responsibility if the transferring scheme blocks or delays a transfer.

3.1. You must confirm whether you would prefer to receive a contribution into your Smart Pension account or a Love2Shop voucher within 4 weeks of the confirmation that all of the transfers requested during the Offer Period are complete and that they have remained for the Qualifying Period (the “Reward Selection Period”).

3.2. If Smart Pension does not receive notification of your choice within the Reward Selection Period, Smart Pension reserves the right not to provide any reward.

3.3. Once you have chosen a reward, you will not be able to amend your selection.

3.4. The reward will be issued in the last week of the month following the Reward Selection Period. This means:

Reward choice: pension boost

3.5. The pension boost is made up of two parts: a pension boost contribution from Smart Pension, and if you are eligible, basic rate tax relief from HMRC.

3.6. The pension boost to your Smart Pension account will be up to £800 and Smart Pension will also apply for tax relief of up to £200 on the amount on your behalf, totalling a maximum of £1,000.

3.7. If you are eligible for basic rate tax relief, this will be added to your account once this is received from HMRC, in accordance with Smart Pension’s usual processes for relief at source claims. This could take up to 10 weeks. Higher or additional rate tax payers may be able to claim additional tax relief in their tax return.

3.8. Pension boost reward thresholds:

Reward choice: Love2Shop gift card

3.9. The gift card will be issued by Love2Shop. Gift cards are non-exchangeable and non-transferable and no cash alternatives will be offered.

3.10. Smart Pension reserves the right to substitute vouchers with another of equal or higher value if circumstances beyond their control make it necessary to do so.

3.11. Gift card reward thresholds:

4.1. All personal information provided shall be used in accordance with our privacy policy.

5.1. Smart Pension reserves the right to cancel the reward or amend these terms and conditions at any time before they are accepted, without prior notice.

5.2. These terms and conditions will be governed by English law and any disputes will be subject to the exclusive jurisdiction of the courts of England and Wales.

Smart Pension Limited, The Smart Building, 136 George St, London W1H 5LD