You might be surprised how easy it is to forget about a pension or to lose track of its whereabouts.
If you have mislaid the paperwork or realised you haven’t heard from a pension provider for years, there are straightforward ways to trace your money and we've provided a useful guide to assist you.
HANDY GUIDE TO FINDING A LOST PENSION
Do you have a lost pension pot from your past?
With many of us changing jobs more than ever before, it’s no wonder there are currently 1.58 MILLION forgotten pension accounts in the UK.
It’s thought there are around £3 BILLION in lost pension benefits in the UK. Make sure you keep track of yours so you can claim it when you retire.
If you have lost track of a pension pot there is help out there.
Write down the dates and contact details of the companies you had pensions with. If you have all the information then contact the pension provider directly to find how much there is in your pension pot.
If you have a company pension taken out after 1978, it may have taken over part of your state pension – known as contracting out. If this could be the case for you, call the National Insurance contracted out PENSIONS HELPLINE who may be able to help you.
You can also call them to track down unclaimed personal or workplace pensions for deceased relatives. It’s possible that their estate or a surviving partner/relative could be eligible to claim a percentage.
If your previous company has disappeared, where possible, get in touch with the scheme trustees or scheme administrator in the first instance.
When you have the details you need, contact the pension provider directly to find out how much there is in that pension pot and change the contact details they have for you so they can keep you updated.
You have found your lost pensions! £££
Pension Guidance and Advice
We strongly recommend that you seek guidance from the Government’s free and impartial service Pension Wise.
Find out more about guidance or advice
Remember, it’s important to shop around and get as much guidance and advice as you need before you make any decisions on what is best for you. Other providers may have more appropriate products or be able to offer a higher level of retirement income.
We've done our best to avoid complex jargon but take a look at our jargon buster if you need more explanation on any terms we use.