How consolidating your pensions could help you
Combining them into a single pension makes it less likely that you'll lose track of your hard earned pension savings over the years - and you might also save money on fees and charges too.
When not to consolidate
Everyone's circumstances are unique, just like your pensions. There may be some instances where combining all of your pensions into one may not be the best option for you. For example, you may have a pension that has valuable features or benefits that you'd lose by combining it into a more recent pension - so check each pension that you have, just in case. Or if you have a pension pot that's smaller than £10,000, it might be more tax efficient for you to leave them where they are.
Lost a pension?
If you've lost track of a pension or two - and lots of us have - you can find it using the Government's free pension tracing service.
Ready to consolidate?
You can consolidate your old pensions together through your online portal MyAccount. You'll also be able to manage and monitor them in that one secure place.
Not sure what's best to do?
Deciding whether to consolidate your pensions can feel overwhelming. It’s important to compare the benefits, features and charges of each pension before making any changes. If you’re unsure what’s right for you, speaking to a financial adviser can help you feel more confident about your next steps.
Explore financial advice
You can also visit MoneyHelper, a free and impartial government backed service, set up to help you with your money and pension choices.
Visit moneyhelper.org.uk.