Check your pensions
You don’t pay tax on the growth in your pension funds, so they can be a really good way to save for retirement.
Your workplace pension has the advantage that in most cases your employer will contribute to it and that you can increase the amount you pay in if your circumstances allow it. If you do increase your contributions, your employer might increase theirs too, so it can be useful to check if you could contribute more.
You might also qualify for a state pension, which is based on your National Insurance contributions. Check yours at gov.uk.
Pension from past employers
If you’ve lost track of pensions you had with previous employers, you could potentially trace them using the gov.uk’s tracing tool. It might be worth considering combining your pension plans, but you’ll need to weigh-up the pros and cons before making a decision.
Visit our pension planning page to learn more about pensions. And, if you think there might be a shortfall in your retirement funds, we’re here to help you think about other ways you could potentially build your funds.
How we can help you
We can review your pensions and investments to see if your current plans are on track, or help you make new plans if you don't already have plans in place. We will produce a plan of recommendations and talk you through them. Then you can go away and have a think. If you decide not to act on our recommendations, that’s fine. It’s our No Pressure Promise. You won’t incur any charges unless you act on our recommendations.
We’ve also created a budget sheet designed to give you a rough idea of what your income and outgoings might be when you’re retired. It won’t give you definite answers though, so if you’d like a more detailed analysis, our financial advisers might be able to help.