Are you missing some retirement income? Here’s how to track it down

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The amount you manage to save will decide the kind of life you’ll be able to live in retirement. That’s why it’s important to keep track of every penny. Find out how to make sure you’ve got eyes on all of your retirement income. 

Do you have some past pensions?

You’ll usually get a new pension plan opened for you every time you start a new job. So, chances are, you’ve probably had more than one pension in your lifetime. And, since the average person has 12 jobs in their lifetime, they can easily pile up. 

The problem is: they’re easy to lose track of too. If you move on to a new job with a new pension, you can quickly forget about the one you had before. And you could end up with your pension savings spread out when it’s time to retire.

There are billions out there waiting to be claimed

There’s currently over £26 billion sitting in lost pensions, with the average pot worth over £9,000. 

Even if just one of your old pensions is worth that amount, it could fund a good chunk of a year in retirement. And if you’ve lost track of more than one, you could be missing out on a big portion of your retirement income.

Tracking down your old plans

It can be easier than you think to track down your old pension plans. All you need is your National Insurance number and some information about your old employers. Then you can use the government’s Pension Tracing Service to find out all you need to know.

Bring your old plans into one place with Standard Life

Got the information on your old plans? Just give us three details and we’ll bring everything together into one simple place. So you can enjoy a clearer picture of your retirement income – and your future.

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Feel more in control with a Standard Life pension.

• We won’t charge you to bring your pensions together
• Easily access your money from age 55 (age 57 from 6 April 2028)
• Start, stop or change your payments at any time
• Manage your money online or on our app

Transfer your pension plans

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Always check to make sure combining is right for you before transferring your pensions. 

The information here is based on our understanding in February 2023 and shouldn’t be taken as financial advice.

Standard Life accepts no responsibility for information in external websites. These are provided for general information.

A pension is an investment and its value can go down as well as up and may be worth less than was paid in.