Combining old pensions
Could you benefit from misplaced retirement funds?
Whatever stage of your working life you’re at, it’s likely you’ve had several jobs over the course of your career. If so, you may have lost track of the pension pots you’re entitled to. With help from our experts, you can find these funds and maximise them.
How we help you
If you want to understand how to consolidate pension pots and whether it’s the right thing to do, we can help.
Pension Review
We’ll look at all your existing pension funds and weigh up what the pros and cons of consolidation are in your case.
Cost Comparison Between Plans
We’ll work out whether it’s cost-effective for you to combine old pensions.
Develop Consolidation Plan
We’ll produce a detailed strategy to help you combine old pensions in the best, most appropriate way.
Why combining old pensions could benefit you
Learn more about the advantages of pension consolidation and why it could help your retirement plans.
Many of our valued clients ask us, “Should I combine my pensions?” The honest answer is: it depends. Fortunately, our experts can assess your individual circumstances and explain what’s best for you through clear, simple advice. The first step is to understand in detail what perks your current pensions provide, and what the effect of losing them would be.
Some pension funds offer benefits such as low charges or desirable flexibility. Others charge high fees for transferring away. In these cases, combining old pensions might not be advisable. If these factors don’t apply, pension consolidation is often the right option. The right consolidation strategy, created by experts like ours, can help you reach your retirement goals sooner.
At its simplest, combining old pensions turns several smaller pots into one larger, stronger fund. Consolidating your pensions also makes things easier to manage, since you’ll only have to keep track of one pot instead of many. If this sounds interesting but you’re unsure about how to consolidate pension pots, we can help.
Speak to our expert team today to learn more about the support we can offer you.
Frequently Asked Questions
Simply click the arrows to get the answers to common pension consolidation questions:
-
Bringing several different pension pots together may mean you can manage your savings more easily and save money on fees, but it’s wise to seek financial advice before taking any action.
-
While you can usually consolidate pension pots, some providers charge an exit fee, so you – or your financial adviser – will need to consider this before making any decision.
-
There are many advantages to consolidating your pension pots, but you should speak to a financial adviser first to understand if you’ll lose access to any important perks.
-
Everyone’s goals and arrangements are different, so it’s important that any financial adviser you seek help from takes these into account and makes recommendations that are tailored to you.
Ready to get started?
Book your initial consultation today
Whatever stage you’re at in your retirement planning journey, you can get the straightforward, unbiased advice you need from our experts.
Your first consultation is always on us, and there’s no obligation to proceed. Take the first step today, and you might just get the information you need to build a better financial future.
A pension is a long-term investment. The fund value may fluctuate and can go down. Your eventual income may depend on the size of the fund at retirement, future interest rates and tax legislation.
Acknowledgement: By submitting this form, I acknowledge that I have read, understand and agree with the Privacy Policy.
You voluntarily choose to provide personal details to us via this website. Personal information will be treated as confidential by us and held in accordance with the Data Protection Act 2018. You agree that such personal information may be used to provide you with details of services and products in writing, by email or by telephone. By submitting this information you have given your agreement to receive contact from us.
Check out our useful resources
The world of pensions is complicated and ever-changing, so it’s hard to understand no matter how much experience you may have had in dealing with finances. Cut through the complexity with our handy, easy-to-follow guides on a wide range of related topics. They’re packed with valuable insight from our experts and completely free to download.
