Combine Your Pensions Into One Simple Plan & Find Out How Much More Income You Could Get
Find The Best Pensions For February
Secure your financial future by combining all your pensions into one simple plan and potentially increasing your retirement savings.
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Answers to your most common questions.
Yes, it is generally possible to combine multiple pension pots into one. This can simplify managing your retirement savings and potentially reduce fees.
However, it’s important to consider factors like transfer charges, loss of benefits, or differences in investment options before consolidating.
To locate all your old pensions, you can use the Pension Tracing Service in the UK.
This service helps you find contact details for workplace or personal pension schemes you’ve joined. It’s a free service and can be a valuable tool in gathering all your pension information.
There are several reasons why you might not want to combine your pensions. These include potential exit fees, loss of benefits like guaranteed annuity rates, or specific investment choices available in your current pensions.
It’s crucial to weigh these factors and possibly consult a financial advisor.
Consolidating your pensions can make managing your retirement savings easier and potentially reduce fees.
However, it’s important to consider the implications, such as transfer charges, loss of benefits, and investment options. Seeking advice from a financial advisor is often recommended to make an informed decision.
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