Tracking lost pensions

It’s likely you have had more than one job, which could mean you have more than one pension with more than one employer.

It’s likely you have had more than one job, which could mean you have more than one pension with more than one employer.

To properly plan for your retirement, you need to figure out how much income you’ll get from all your pensions, even ones you may have forgotten about.

Most pension schemes of which you’ve been a member must send you a statement each year. However you may have changed your address so you might no longer be receiving these statements.

The Pension Tracing Service is free and can help you trace a pension that you’ve lost track of, even if you don’t have the contact details of the provider.

All you need to know is the name of your previous employer or pension scheme, but it’s good to gather as much information as you can.

Over the past 10 years there has been 436% increase in tracing requests.*

*Source: www.thisismoney.co.uk, Can you trace your lost pension? Government revamps tracing website, 2016

 

Newcastle Building Society introduces to Newcastle Financial Advisers Limited for advice on investments, pensions, inheritance tax planning, and life cover. Newcastle Financial Advisers Limited is an appointed representative of Openwork Limited which is authorised and regulated by the Financial Conduct Authority.