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How do I consolidate my pensions?

2 replies

GetToTheChopperrr · 02/09/2023 19:20

I got 'stung' by Pension Bee (by stung, I mean I nearly signed up before releasing they took control of my pension pot and it was risky) but I'd like to know what I have in previous workplace pensions - I think there's 3/4. Any good websites or companies I can use?

OP posts:
Rainbow1901 · 02/09/2023 19:30

You need to know what each one is worth and the benefits attached to each one. By that for example - one pension may allow you to take your pension at 60 where as if you were to transfer it to another pension provider you may not be able to claim until actual state pension age. Other pensions may be so small that you would benefit by drawing the whole lot (if allowed) when you reach pension age.
If you can see each pension by logging in online - they often have forecasts of how much you will have on retirement so you can predict how much you will potentially receive and if you can have any lump sums and so on.
These are just a few things you could think about.
Not had any experience of Pension Bee so can't comment on that.

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