Bed and Pension now fully integrated on the Aviva platform
Helping you deliver smarter, faster pension contributions
We’ve fully integrated bed and pension into the Aviva Platform – giving you a streamlined, digital way to use funds from a client’s investment portfolio to contribute to their pension portfolio. It’s designed to save you time, reduce admin, and help your clients make the most of their pension allowances.
How does it work?
A familiar, two-step process for pension top-ups
- Sell assets in the client’s investment portfolio.
- Use available funds in the investment portfolio to make a pension contribution with an investment instruction directly into their pension portfolio.
Everything happens within the platform. No external transfers. No rekeying.
Why this matters for you and your firm
A more streamlined process and better client outcomes
Bed and Pension helps you:
- Enable efficient Pension contributions – no need for interim bank account withdrawals.
- Support pension tax relief – clients benefit from tax relief added at the same time as the net pension contribution rather than a later date.
- Shelter future income and gains from tax – by moving assets into a pension wrapper, clients can protect future growth from capital gains tax and dividend tax. Assets sold in the Investment Portfolio may incur Capital Gains Tax (CGT).
- Save time – a fully digital process that reduces turnaround times and admin.
Who benefits from Bed and Pension?
Ideal for clients looking to optimise their pension strategy
This feature may be valuable for:
- Clients with a long-term investment horizon.
- Clients who receive higher-rate tax relief or are eligible to use a carry forward allowance.
- Clients looking to maximise their tax strategy.
Why we’ve made this change
Supporting your advice process with smarter platform tools
Bed and pension is part of our commitment to:
- Reduce friction in your advice journey.
- Support your long-term financial planning.
- Deliver platform enhancements that make your job easier.
Get started today
Explore the new feature in action and see how it can benefit you.
Need a walkthrough? Watch our short how-to video to see the process step by step.
Transcript for video How do I set up a Bed and Pension on the Aviva Platform
In this video, we’ll show you how to set up a Bed and Pension online.
This process lets you use available cash from a customer’s Investment Portfolio to make a contribution to their Pension Portfolio.
First, make sure there’s enough cash in the customer’s Investment Portfolio for the Pension contribution. If required, sell additional assets in the customers Investment Portfolio first to create the available cash required. Remember to account for market fluctuations and any charges.
When you’re ready, go to the Actions menu in either the Investment or Pension Portfolio and select ‘Bed and Pension’ to get started.
You’ll be prompted to answer relevant questions about the advice you’ve provided.
Next, choose the customer’s Investment Portfolio for the pension contribution.
If the customer has more than one portfolio—individual or joint—you’ll see all options linked to the same Customer Header Account.
You’ll see the details of the selected Investment Portfolio and the available cash.
Enter the amount you want to withdraw from the Investment Portfolio for the pension contribution.
The system will calculate the total Pension contribution including tax relief that will be made into the customers Pension Portfolio.
Now, decide how you’d like to allocate the new pension contribution:
You can pick from model portfolios, individual funds, exchange-traded assets, or a combination of these.
Or, use existing assets already held in the Pension Portfolio. We’ll pre-populate these for you, just assign a value to each model or asset. You can also choose to split the amount evenly, either by pounds or percentage.
Any money you don’t allocate will go into the product cash account.
When you’re happy with your choices, click “Continue”
Next, you’ll see a summary of all the details you’ve entered. Take a moment to review everything carefully.
The system will generate a charges information document, showing the total costs and charges for your investments.
When you’re happy with the summary, click “Confirm” to complete the process.
You’ll then see the Bed and Pension confirmation screen.
That’s it, you’ve completed the Bed and Pension process.
If you want to check your transaction later, just head to the transaction history. There, you’ll find details of the pension cash contribution, the source investment portfolio, and tax relief that’s been applied.
The Pension Portfolio will show the assets you selected for the contribution, listed under “Pending transactions.”
Log in to the Aviva Platform to start using Bed and Pension.