To think I am fucked for retirement?

Stop worry warting! You will pay off your mortgage by the time you are 50, will get a full state pension plus a private pension and you have 25 years to pay into it and willl be able to throw money at it once the mortgage is gone. You are sitting pretty! You are in a far, far better position than many.

Definitely call the pension administrator. Look at the Pension Wise website.

I’ve put all of my pensions into one scheme now and have an app that shows the value. Hopefully you can access something similar. It’s 35% up since 2019…

Not all funds perform the same, but I think your amount quoted is probably the projected annual value if you bought an annuity with the current pot of money.

You’ve got years ahead of you working. Pay down your mortgage, then put the equivalent amount into your pension each month once you’re mortgage-free.

YANBU to panic. I have no idea why more of my friends aren’t stressing about their future retirement. A large number have been SAHM for 15+ years with nearly nothing in individual pension.

If you have been in employment, rather than self-employed, and have not chosen to opt out, then around 8% of your qualifying earnings should be going into a defined contribution pot of some sort through “auto-enrolment”. Your employer must pay at least 3% of the 8%. Qualifying earnings is a bit complex, but for this year it’s broadly all your earnings from that employer between £6,200 pa and £50k pa. If you earn £50k a year, this means around £3,500 per year should be going into the pot, so it would make no sense that the £2,400 is a cumulative amount.

It is worth considering consolidating if you have worked in a number of different places - contact those previous employers if needed to get details. The government is working on some initiatives - pensions dashboards and small pot consolidation - that will hopefully eventually happen and be very helpful for those in your situation, but unfortunately they are a few years from going live yet.

https://www.gov.uk/plan-retirement-income/get-financial-advice

OP, be very very wary of advice from random people on the Internet. This website is a good place to start, as is Moneywise.

I think, as others have said, your £2400 may be your annual income at pension age if you left your job now, ie it isn't projected forward to you accusing another 20 years of contributions. So don't panic.

Be cautious about using pension advisors full stop - it's a sector with a very chequered history. Be extremely cautious about pension advisors who take a permanent management fee. This is extremely bad value for money, and creates poor incentives for your advisor to suggest funds with bigger slices for them. Be very cautious about starting a SIPP if your employer is matching your contributions at the moment. (I generally like SIPPs but they are best used by people with plenty of savings who don't have or have fully utilised their employers' contribtionary pension.) Your mortgage overpayment is fantastic - as long as you have a reasonable expectation that the interest rate on your mortgage is higher than your savings interest rate, you should still overpay - again, take random advice with a pinch of salt - including mine!

If you have moved jobs, you are likely to have paid into the pension plan related to each job. So you may have 3x 2,400 (depending on how long you worked at each employer).

Use the links others have posted to find your previous pensions, and contact your current HR to find out your current pension provider. You should get proper financial advice to find out if it makes sense to keep each pension pot separate or combine them.

I've got 3 pensions - one private pension which is worth approx £buttons a year. Then a public sector pension that I started contributing to at 23 and carried on for about 15 years - it's OK but because I was part time for a good while it isn't as great as it should have been. Now in an entirely separate public sector scheme and need to get advice to see if I should roll them all into my current one or if I leave them alone.

I can never figure out how much I should get a year from my pensions on retirement. But seeing as the retirement age will probably go up to about 80 by the time I'm die to retire, who knows when or if ill get my money (and buttons).

I've been self employed all my life and only just realised at 38 I ought to save for a pension - its been literally month by month living until recently.

As others have said there is a government pension tracing service.

In addition to this the larger pension providers such as Legal and General or Aviva will also go away and find you previous pensions and consolidate them all in to one pot (which may be cheaper than having them separate - and they’ll tell you and not consolidate them if it obviously isn’t).

Given the figures you’ve quoted I’d imagine you have a total of c£40-50k between the pots so I imagine you are in a better position than you think.

Financial advice sounds like it’ll be worth it, but I’d personally split the mortgage overpayments and put more in both you pension and short term savings.

Usually the headline figure they give is a projected annual pension amount, which may look tiny but you still have time to add to it and over the years it should increase far beyond the actual monetary contributions you’ve made.
It is usually more efficient to pay more into a pension than overpay a mortgage, unless your mortgage rate is astronomical. That could leave you a lot better off in the long run than getting rid of the mortgage a couple of years earlier.

Other posters have given useful info on how to trace the others, they will be there somewhere so definitely take some time to find them.

What you could then do if you wanted to is consolidate them all together so all the pension is in one place, or chose to keep them separate. Once you have the details for the other accounts you can figure that out.

I have consolidated my pension pots as I have changed jobs, it's not difficult and the new pension provider gave me the info/forms to do it. If that's what you want to do, then you don't necessarily need a financial advisor to do this on your behalf. Having all my pensions in one place is easier for me to feel organised because it's one provider and I get a better broader view of my fund, and projected retirement amount

Do your own self-invested pension plan (SIPP) with a low-fee platform such as InvestEngine, and follow Damien Talks Money on YouTube. His videos specifically about pensions are here and helped me to turn mine around.

Good luck! You've still got plenty of time and you are being very clever to think about it now. I left it much later!

Mine is Scottish Widows and that shows on my online banking because I have accounts with Lloyds and Halifax which are all part of Lloyds banking group, if I had other pensions they wouldn't show as they are not part of the same group. You probably need to log into your actual pension websites as there will be more detail than shows in your online banking which will not show all pensions

You should meet with a financial advisor, who can review your plans and advise the best foot forward.

I suspect that’s a year.

Chill.
You have over 20 years to add to your pension which will be easier when kids are off the books.
In principle there will be a state pension which is currently £11.5K.
You will be OK, but take time now to understand your pension.

You need to find out how much each of your pensions will pay you at retirement age. You have 25 years left to pay in which is loads of time, unless you want to retire early. You can always equity release in later life if you really need to.

Pension pots are a bit like bank accounts. Each time you move job, your new company opens a new one for you. It’s your job to keep track of them and move the funds from your old pot to your new pot, unless you want to run them all separately.

So go through your old correspondence, or send a pleading email to old HR department, or use the government tracing service, to find the old pension pots and move them across.

That figure isn't right for 9 years of employee and employer contributions. You need to ring your provider to get an explanation.

Have you changed jobs? Or have your work moved provider? If so you need to bring all of your pension pots from different providers together so you know what you have.

Good advice here!
Can I also recommend this very readable book about financial planning.

Plan for Happy: A step-by-step guide to growing your money: Amazon.co.uk: Walkom, Adam: 9781915229397: Books

I wish I had read it at your age!

AS PP says this is probably just one of your pensions and you have some others which will all need to be consolidated into one, it's quite easy to do once you know what they are and will be far easier to keep track of.

Why on earth would you switch to rented?! Rent prices are waaaaay higher than mortgage repayments and can increase every year on the whim of your landlord. Not to mention they can sell up and evict you. If you want to release some money, buy a smaller house and use the difference, but avoid rented if you are already out of that money-sucking swamp.

I assume you will have state pension on top of your private pension, no? So that will cover your bills and food and then your private pension is for other expenses like holidays or hobbies.

You have to pay in 35 years to the state pension to get that, you can't expect a huge private pension after 9 years. Even £2.5k is going to be a good top-up on a state pension. As a PP said, you have 25 years till the state retirement age to pay into that private pension.
if you are an employee, your employer must legally contribute to your pension too. Are they paying that into the same pot or a different pot?

i imagine that’s the projected annual benefit as opposed to the amount in the pot.

You will have three different pensions then. Use the advice above to trace them.

If you've worked for three different employers and paid into pension under each of them, why don't you have files (digital or paper)? Did not you read the plan documentation? Do you not receive periodic statements from them?

You need to contact each prior employer ASAP and ask how to reach the pension manager. Ask them for a statement or how to access your information online.

Collate those statements with the one from your current employer.

Use some of the money you otherwise would use to overpay on the mortgage and engage an accountant or financial advisor (NOT one who works on commission) for an hour to sit down and sort through things with you. They will tell you what other information to gather. (Don't agree to long term ongoing money management; you want someone to set your straight and help you to start learning about these things.)

Buy a plastic file box and create files. Don't think you can keep it straight just by storing this stuff on your computer; if you haven't done so already. You likely are (like me) the sort of person who needs the physical paper in hand to keep yourself on track.

Devote one hour per week to educating yourself via reputable sites like https://www.moneyhelper.org.uk/en to educate yourself about savings, pension and retirement. Ask the financial advisor to recommend a book. This one looks decent. Money: A User’s Guide: The Sunday Times Bestselling Guide to Taking Control of Your Personal Finances

Never take financial advice or direction from someone who works on commission.

You have to keep on top of this stuff. There is no recapturing the time value of investing early. You still have 25 years to secure your older years but don't let many more days slip by.

If you do consider consolidating pensions from other employers, Vanguard is low-cost, very reputable and has some affordable advisory services. The big flash companies are flash because they charge high fees.