Financial Planning

Finding your long-lost pensions

It’s incredibly easy to lose or forget about an old pension plan. You might have started a plan but have since changed jobs, moved house or simply moved on with life, so when you come to retire, that pension you started in your twenties could be the last thing on your mind.

Fortunately, it’s just as easy to find these old plans and take back the control of all of your pension savings.

The little things add up

You might be wondering if it is worth trying to find an old pension scheme. If you haven’t reviewed a plan for a number of years, it’s unlikely you’ll know how well (or badly) your pension investments have performed – and this could make a huge impact on your retirement plans.

If you have a number of small pensions, while they may not seem like they are worth much on their own, their combined value could make a big difference to your retirement.

There is an estimated £400 million in unclaimed pensions in the UK*. It’s worth finding out how much of this is yours.

The Government’s free Pension Tracing Service

The easiest way to find your lost or forgotten pensions is by using the Government’s free Pension Tracing Service. You’ll be shown the contact details for your relevant pension providers and can speak to them directly to find out more.

You can log onto the online service or call 0345 600 2537 to get started.

Lost and found – what next?

Now that you’ve been reunited with your old pensions, it’s important to make the most of them. Have you thought about speaking to one of our financial planners to check your retirement finances are on track? They are here to advise you on everything from saving enough money for retirement to taking an income in the most tax-efficient way.

With financial planners all over the UK, you’ll receive a local and professional service. Your first consultation is free of charge and there’s no obligation to do any business with us afterwards.

Book an initial consultation with one of our financial planners today by filling in this form, emailing contact@tilney.co.uk or calling 020 7189 2400.

Important information

*According to The Department for Work and Pensions

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