Meet the Other Phone. Flexible and made to last.

Meet the Other Phone.
Flexible and made to last.

Buy now

Please or to access all these features

Retirement

Planning your retirement? Join our Retirement forum for advice and help from other Mumsnetters.

Help with Pension please

3 replies

Sugarpuff22 · 19/08/2024 12:54

I have been burying my head in the sand regarding my pensions. I've been so stupid and not sorted them out ( believing I had years before I had to do it!)

Im 53 years old. Had a pension with a bank who I worked for 10years.
I then had a pension with another company for around a year.

From the age of 30 I worked from home drawing a small salary for my husband ( no private pension).

In 2021 I started working part time and had a private pension. This job only lasted a year due to my health issues.

My question is how do I sort out these small pension pots? Is there a company that will arrange it for me and then I can start paying in to top it up?

Sorry if I appear stupid but I've suffered some severe mental health problems and as I said just tried not to think about it all.

Thank you

OP posts:
B16DAD · 27/08/2024 14:13

If you have a number of smaller pensions, I suggest it is worth considering transferring them all into a 'SIPP' (Self Invested Personnel Pension), that's what I did and then spread the funds across a few different 'income funds'.
There are lots of different companies you can go with and it largely dependant if your comfortable with doing stuff online of not.
If you are, providers such as AJ BELL SIPP or Hargreaves Lansdown SIPP or the big players (Avia etc) all offer the service.
If not, engage the services Financial Advisors to talk you through everything, just ensure you undertake 'due diligence' on them to keep you and your money safe.

Best SIPP Provider 2021

Open a SIPP account with AJ Bell, a Which? recommended investment platform. Our low-cost SIPP helps you to grow your savings for retirement tax-free.

https://www.ajbell.co.uk/pensions/sipp?gad_source=1&gclid=CjwKCAjw8rW2BhAgEiwAoRO5rJC7wzPrtFTds3uOZHr1ZIxksNDRJ1EbhKUxmKB_ddWGLGKwoejpHxoC4LYQAvD_BwE&gclsrc=aw.ds

New posts on this thread. Refresh page
Swipe left for the next trending thread