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With most individuals juggling multiple jobs throughout their lifetime, it\u2019s no wonder that some of these pensions fall through the cracks. Whether due to a change of address or simple forgetfulness, these lost pensions could be the key to a more comfortable retirement.<\/p>\n
Search for lost pensions<\/strong> Tips on how to track down your lost pension:<\/strong> Connecting with your pension provider<\/strong> Utilising the Pension Tracing Service<\/strong> Contacting the Pension Administrator<\/strong> Verifying Your Pension Entitlement<\/strong> Beware of scammers<\/strong> Keep track of your pensions<\/strong> Source data:<\/strong> A PENSION IS A LONG-TERM INVESTMENT NOT NORMALLY ACCESSIBLE UNTIL AGE 55 (57 FROM APRIL 2028 UNLESS THE PLAN HAS A PROTECTED PENSION AGE).<\/p>\n THE VALUE OF YOUR INVESTMENTS (AND ANY INCOME FROM THEM) CAN GO DOWN AS WELL AS UP, WHICH WOULD HAVE AN IMPACT ON THE LEVEL OF PENSION BENEFITS AVAILABLE.<\/p>\n YOUR PENSION INCOME COULD ALSO BE AFFECTED BY THE INTEREST RATES AT THE TIME YOU TAKE YOUR BENEFITS.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" \u00a326.6 billion in forgotten pensions Did you know as many as\u00a01\u00a0in\u00a020\u00a0people could have a pension they didn\u2019t think they had? Could that be you? It\u2019s estimated \u00a326.6 billion is currently trapped in forgotten pensions, averaging about \u00a39,500 each[1].<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[],"_links":{"self":[{"href":"https:\/\/www.paulyoungifa.co.uk\/news\/wp-json\/wp\/v2\/posts\/4524"}],"collection":[{"href":"https:\/\/www.paulyoungifa.co.uk\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.paulyoungifa.co.uk\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.paulyoungifa.co.uk\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.paulyoungifa.co.uk\/news\/wp-json\/wp\/v2\/comments?post=4524"}],"version-history":[{"count":0,"href":"https:\/\/www.paulyoungifa.co.uk\/news\/wp-json\/wp\/v2\/posts\/4524\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.paulyoungifa.co.uk\/news\/wp-json\/wp\/v2\/media?parent=4524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.paulyoungifa.co.uk\/news\/wp-json\/wp\/v2\/categories?post=4524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.paulyoungifa.co.uk\/news\/wp-json\/wp\/v2\/tags?post=4524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nLosing track of an old pension is easier than you think, especially if you\u2019ve moved house and should have informed your old pension provider. But if you suspect that you have a lost pension, don\u2019t despair. Start by reaching out to your previous pension provider. If you\u2019re unsure who that might be, the government\u2019s Pension Tracing Service can provide up-to-date contact details for your pension scheme.<\/p>\n
\nBegin by revisiting your CV or recalling every job you\u2019ve held since leaving school or university. You may have had a workplace pension for each of these roles. Check any old pension statements you might have for details about your plans. The more information you can gather, the better.<\/p>\n
\nIf you remember the provider of your old pension, contact them first. When doing so, provide as much information as possible to aid in the search for your pension savings. This includes your plan number (if available), date of birth, and National Insurance number.<\/p>\n
\nIf you believe you have a missing pension but lack information, turn to the government\u2019s free Pension Tracing Service. Available on the gov.uk
\nwebsite or via phone at 0345 600 2537, this service can provide up-to-date contact details if you remember the name of your old employer or the pension company.<\/p>\n
\nThe Pension Tracing Service will only provide the contact details of the pension\u2019s administrator. It\u2019s then up to you to reach out and determine whether you have a pension and its current value.<\/p>\n
\nJust because you have pension paperwork from a previous employer doesn\u2019t necessarily mean you\u2019re entitled to a pension. You may have received a refund of your contributions when you left the employer. Some older workplace pensions also required membership for a specific number of years before a pension entitlement was granted.<\/p>\n
\nScammers often exploit legitimate events, so be vigilant around National Pension Tracing Day. Always ensure you\u2019re communicating with legitimate entities.<\/p>\n
\nIf you move house in the future, remember to inform your pension providers of your new address to avoid losing track of your pensions again. \u03c4<\/p>\n
\n[1] https:\/\/nationalpensiontracingday.co.uk\/<\/em><\/p>\n