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.
This article was previously published on Tilney prior to the launch of Evelyn Partners.