Dormant Pension Advice
Have you worked for multiple different employers over the years? Perhaps you’ve started multiple pensions but forgotten where and when? Scottish Pension Advice can help you trace and recover the money so you can invest it efficiently, manage the pension pot effectively and begin to grow your money for retirement.
What’s a Dormant Pension?
On average, people have 11 different jobs in their working life. That’s 11 potential pension schemes you could have joined and paid into and are now forgotten about. It happens, but you have the choice over how that money is managed. If each pension has £3,000 invested, then there’s a potential £33,000 retirement fund that you can manage and maximise.
The Government estimates that by 2050 there could be 50 million dormant pensions. We can help you find and manage your pension in one place so that the funds can thrive and be managed efficiently.
Free Dormant Pension Check?
The first step to recovering pensions you’ve forgotten about is to get in touch. Ideally you would have as much information as possible, such as places you’ve worked, dates and any paperwork but if you don’t we can help piece the information together for you.
After completing the free pension review recommendations will be made, if necessary, which can help your pension fund perform more efficiently. Pension advisors will explain in great detail the process and what you can expect to achieve from a well-managed pension fund.