With the availability of private pensions, along with workplace pensions, it can be hard to keep track of the pensions in your name, especially if you’ve moved jobs multiple times.
If you’ve worked in any roles where you earned over £10,000 per year, were over 22 years old, were classed as a worker, and lived in the UK, then you’ll most likely have been enrolled in a workplace pension scheme.
With planning for the future and retirement at the forefront of many people’s minds, finding all your pension pots will help you to understand the approximate value of your retirement fund and can help you make educated decisions about the additional amount you need to save.
How can I find my lost pension pots?
Check through your paperwork and emails
Have a look through your letters and emails, most pension providers send a yearly statement that shows the value of your plan and estimated retirement value. You may have employment paperwork detailing your pension scheme too. If you paid into a private pension, you should be able to see your provider name on previous bank statements.
Reach out to your previous employers
If you’re struggling to find any statements, you can reach out to your previous employers to ask for details of the pension scheme you were enrolled in. To save time, make sure you have your employment details ready, including the dates you worked for the business and your National Insurance number.
Contact your pension provider
If you know your pension provider but don’t have any details of your plan, you can contact them directly to get access to your account. You’ll most likely need to provide them with two forms of ID, your date of birth and an idea of when you think you enrolled in the plan for them to be able to access your details.
Use the Pension Tracing Service
The Pension Tracing Service will help you find pension contact details on GOV.UK or you can contact them by phone or post.
What are the next steps after finding my pension pots?
Once you’ve located your pension pots, you’ll have a much better idea of how much is currently in your retirement fund and what your potential retirement fund will be.
We recommend ensuring all your contact details are up-to-date with each provider and storing the details for each one safely and securely for future reference.
You may choose to consolidate your pensions. We recommend speaking to a financial advisor to make an informed decision about what would be best for you
What you can do next
While thinking about your pension pots and retirement, you may be worried about debts and their impact on your future. Our team is available to offer free debt advice
If you are struggling with debts call us on 0800 072 1206. We’re open from 8am – 8pm Monday to Friday and 9am – 3pm on Saturdays.
Alternatively, you can visit our www.payplan.com/police to speak to us via live chat or for more information.
News to share with us?
