Personal Finance Clinic Boost Your Wealth With Old Pensions
When clients come to me for financial advice, it’s not unusual for them to have half a dozen pensions from various jobs across their working life. Nor is it unusual for one or two pensions to have been forgotten about, typically because these were pensions from early jobs they had for a short period of time 30 or 40 years ago. Maybe the situation is the same for you and, perhaps, like many of my clients, you have always thought it’s not worth worrying about this pension as it probably has no value anyway.
The thing is, 40 years is a very long time for an old pension pot to grow. What might have been a few quid when you left that first job aged 22 may be worth thousands now that you’re 60.
Chances are that you lost track of this pension when you moved house, forgetting to update your address with the pension provider. You probably haven’t received a statement in years so you have no idea how much is in the pension.
Look for an old statement
To locate this pension, first look and see if