Most people will work for many employers in their lifetime. In the UK, your employer contributes to your pension.

My question is, when I come to retire how can I be guaranteed to have access to all of the many pensions I may have contributed to over the years?

  • By keeping all the payslips you receive which show your employers' contributions towards retirement. Jul 7 '16 at 12:42

As I've had several jobs over the last decade, I've typically run two pension plans - a private one which I use for consolidating all my previous pensions into and my current corporate one (often doesn't allow consolidating) where I take advantage of the corporate benefits associated with it (large corporate institutions typically match your own contributions or contribute a fixed percentage of salary as a perk).

This allows me to not worry about the previous pension schemes I was a part of as they are in a single place. With the very last corporate job I had, I was not allowed to keep my pension pot under their scheme terms (unlike with a few others where it was allowed to stay in the scheme but contributions were no longer allowed by either party) and so when I left, I provided the details of my private pension plan and the pot was transferred into it by my employer.

I've since turned to contracting and consolidated all my previous pensions into a single private pension pot which I still contribute to every month.

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Not the answer you're looking for? Browse other questions tagged or ask your own question.