Pension Checker

17/01/2023

Did you know, one of the main reasons people lose track of their old pensions is moving home? 😱
We move home fairly regularly and can forget to notify our pension providers. We can easily forget about our pensions altogether!
That's why it's so important to combine your old pensions into one, easy-to-manage pension plan and the good news is we can help you! ✅

16/01/2023

Almost half of the 43 products have gone up in price by 50% or more 😳👇

Many basic items have seen significant increases, including Soreen malt loaf, which has rocketed from 60p to £1.40 - equating to a staggering price hike of 133.3%

30/11/2022

We love receiving reviews from happy customers - they’re shared with the whole team 🏢🤩

16/11/2022

Lost track of your old pensions?

We will FIND, CHECK & COMBINE all of your lost pensions! 🏦 Don't let them slip away.

08/11/2022

Did you know that there is £2.26 billion worth of lost pensions in the UK? 😲 That is £9,500 per pension on average. Could you have £1000's in pensions that you did not know about? 💸

04/11/2022

We know how hard it can be to keep track of all your pensions 🤯 That's why our free pension tracing service makes it easy for you to find, combine and keep track of all your pensions. So you don't have to 🙌

03/11/2022

1 in 3 People leave their Pension behind when they Move Jobs! 😱
You could have £1000's in pensions funds, we can find them for you for free. Apply Now 👉 www.pension-checker.co.uk

27/09/2021

Retirement Options

When you retire you'll need money to support you and to give you a decent standard of living. Most people get a State Pension but it's also a good idea to top this up if you can with your own pension and stay enrolled in your workplace pension if eligible, to make sure you'll have enough money to see you through your retirement.

Find out about the different ways you can save for your pension, how to get started and what to think about when you're getting near to retirement.

You can swap your pension fund for a yearly/monthly fixed income until death, called an annuity.

You can also now take cash flexibly from some pension funds and leave the rest invested for retirement. This is called flexible access drawdown.

Pension contribution tax relief

You can get tax relief on private pension contributions worth up to 100% of your annual earnings.

You get the tax relief automatically if your:

employer takes workplace pension contributions out of your pay before deducting Income Tax
rate of Income Tax is 20% - your pension provider will claim it as tax relief and add it to your pension pot (‘relief at source’)

If your rate of Income Tax in Scotland is 19% your pension provider will claim tax relief for you at a rate of 20%. You do not need to pay the difference.

UK tax relief is also available on contributions made to certain types of overseas pension schemes.

It’s up to you to make sure you’re not getting tax relief on pension contributions worth more than 100% of your annual earnings. HM Revenue and Customs (HMRC) can ask you to pay back anything over this limit.

Relief at source

You get relief at source in all personal and stakeholder pensions, and some workplace pensions.

To get relief at source
Before paying into a scheme, you need to agree to certain conditions about your contributions (‘make declarations’). Your pension provider will tell you what these are.

02/09/2021

Why tracing your pension is important.

The chances are you’ll have had more than one job during your working life. And you may have saved into more than one pension – some of which could have been provided by your employer(s).

It’s not always easy to keep track of a pension, especially if you’ve changed jobs or moved home without letting your pension provider know.

Tracking down lost pension plans may help to give your retirement income a boost. The sooner a lost pension is traced the better, as it could be subject to higher charges. It may also be invested in less suitable investment options - especially if your personal circumstances have changed.

Your pension isn’t going to come looking for you, so what can you do to find it?
Although your pension provider will try to trace you, searches aren’t always successful. One of the first things you can do is contact the provider - if you’re not sure you can contact a financial advisor or former employer to find out.

You can get help you track down lost pensions. The service will be able to tell you if you have a pension and its value and also be able to tell you who with and your options.

Before you start, it’s important to pull together as much information as you can about your lost pensions. This will make it easier to trace them. When you’ve gathered as much information as you can, contact us or visit the Pension Tracing Service website

Once you have details of all your pensions it’s a good idea to see how they compare. Pensions can vary in charges which can make a big difference in how much you could get in retirement. By this time, you may have several different pensions and it can be difficult to keep track of them all to make sure they’re performing well. Consolidating your pensions could be an option.

To consolidate or not consolidate?
If you’ve got several pensions, it could make sense to bring everything together in one place. Even if the amounts are small, it all adds up.

Having everything in one place gives you a holistic view that could make planning for your future and retirement that much easier.

Making the decision to move your pension is an important one and can be complex. Transferring isn’t right for everyone.

You’ll need to consider the type of pension you have and any valuable features or benefits which may be lost by moving it. It’s also a good idea to compare the fees and charges of your existing plan with the pension you’d like to transfer to.

The value of your pension can go down as well as up and you may get back less than has been paid in. There’s no guarantee you’ll be better off by transferring - and if you change your mind your old scheme or provider may not be inclined to accept your pension back.

We recommend that you speak to a financial adviser if you’re unsure what to do with your pension. They can assess your situation and tell you if combining your pensions is right for you. Please bear in mind that a financial adviser may charge to give advice. If you don’t have a financial adviser, we can help put you in touch with one