Ever found a pound down the back of the sofa, or a fiver in the pocket of that jacket you haven’t worn for years? Feels good, doesn’t it? And it could be just the tip of the iceberg. There are billions of pounds of ‘lost’ assets in the UK, including over £3 billion of unclaimed benefits from occupational and personal pensions.
Almost a quarter of people lose a pension
According to Age UK, 23% of people have lost track of at least one pension. It’s easier than you’d think. Say you start saving into a pension in your twenties, and then you move jobs, you move house, you move country even – just think how many pensions you could end up paying into before you retire. And keeping track of your pension statements over forty years or more, well, how many of us can honestly say we’re that organised?
If you think you might have a lost pension languishing somewhere, you can use a service set up by the government to help you find it. Find the service and get tips on how to use it by watching my short video here.
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