How can I find my pensions? | PensionBee

How can I find my pensions?

To find out the value of your pensions, you need to contact your pension providers. If you ’ re not sure who your pension providers are, then you can contact your former employers to find out, or use the government ’ s Pension Tracing Service .

Finding a lost pension

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If you ’ ve had several different jobs, it ’ s probable that you ’ ve started and paid into respective different workplace pensions .
Keeping track of multiple pension pots can be unmanageable, and you may tied find that you ’ ve lost track of one or more pensions wholly, particularly if you ’ ve moved house and you no longer receive pension statements.

The sum of money in dormant pensions is expected to reach £750 billion by 2050 .
If you ’ ve got respective pensions scattered around then it ’ south very hard to keep track of your money, monitor the fees you ’ re paying, and make the most of your retirement savings .
To check the details of your old pensions you need to contact your pension providers. But what if you can ’ thymine remember who your pension supplier was and you can ’ thymine find any paperwork with the details ? And how do you know what ’ mho in your pension toilet ?
In this shell, you can try asking your former employers for details of your old workplace pensions. Contact the HR department, providing details like your employment dates, the probable dates of your pension system membership and your National Insurance number .
If you ’ ve worked for the populace sector, you should be able to find data about your pension on the Department for Work and Pensions ( DWP ) web site.

The Pension Tracing Service

alternatively, you can use a pension locator like the government Pension Tracing Service to find your pensions. This is a absolve pension tracker service that searches a database to find the names and contact details of your pension providers. You can fill in their on-line form, call them on the government pension tracing avail liaison phone number, or write to them to start the action .

What’s next? Transferring old pensions

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once you ’ ve found your old pensions you can choose to combine them into a single plan. The benefits of doing this may include lower fees and easier management of your money. You can opt to combine your pension pots into a Self Invested Personal Pension ( SIPP ), which will give you some choice over how your funds are invested. When you ’ re choosing a modern plan you should look carefully at the provider ’ s tip structure, the investment options they provide, and whether there ’ s a minimum contribution come .
It ’ south authoritative to note that some pensions – in particular defined benefit pensions – have significant guarantees. The government requires you to seek fiscal advice if you ’ d like to move a define benefit pension worth over £30,000 .

Combining your pensions with PensionBee

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If you ’ ra interested in combining your pensions into a PensionBee plan, we can transfer your pensions for you. We precisely need a morsel of basic information to get started, such as your pension provider names and policy numbers .

Risk warning
As constantly with investments, your capital is at risk. The value of your investment can go down a well as up, and you may get back less than you invest. This data should not be regarded as fiscal advice .
last edited : 25-02-2022

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