Retirement Planning 21 Combine and manage your pension online

In 2018, there’s no such thing as a job for life and it’s likely that you’ll have several employers throughout your career, which means several workplace pensions

As you move from job to job it’s easy to lose track of a pension, and the government estimates that there could be as many as 50 million dormant pensions by 2050. If you’ve had your head in the sand

when it comes to your pension, now is the time to sort it out. Te longer you put it off, the more you’ll have to save in later life and the harder it could be to find an old pension. Combining your old pensions into

one pot makes it easier for you to manage your savings. It’ll give you a good overview of how your funds are performing and also what fees you’re paying. Whatever your age, it’s never too late to get your pension back on track and PensionBee can help.

When you’re in your 30s Te more you save in your 30s, the better off you’ll be in the future. Compound interest accumulates over time and can turn a relatively small savings pot into a significant amount when it’s left untouched until your retirement. Plus, the sooner you start saving into your pension,

the less you’ll

have to save each month. To retire with a comfortable pension of £26k a couple needs to save just £198 a month from age 30*.

Here’s how PensionBee helped 37-year-old Lucy:

When you’re in your 40s and 50s If you’re in your late 40s or early 50s, there’s still time to boost your pension fund. A pension calcu- lator

can help you deter-

mine how much you’ll need to save between now and retirement, and putting a good savings plan in place will help you get there. To draw an annual

pension of £26k, a couple needs to save £338 from age 40 and £633 from age 50*.

Choose PensionBee: it’ll track down all your old

pensions and transfer them into one pot that you can

manage easily online in just a few clicks. You’ll be able to monitor your savings 24/7 and ensure you’re on track for a comfortable retirement.

Here’s how PensionBee helped 48-year-old Juan:

Before I signed up to PensionBee I had a couple of different pensions, and they were dotted around all over the place. I didn’t know what they were worth, I didn’t know where they were and I didn’t know who to call to find that information out. PensionBee helped me fix things by bringing them all into one place.

Before joining PensionBee I had a couple of old pensions from jobs I had years ago and I hadn’t done anything with them for years. PensionBee sorted out the historical mess I had very quickly and easily. I didn’t think I had the time to fix things, but PensionBee offered the perfect solution. It was easy to sign up online and a couple of phone calls and emails later, everything was done!



With pensions,



is at

risk. Te value of your pension with PensionBee can go down as well as up and you may get back less than what you started with.

PensionBee is authorised and regu- lated by the Financial Conduct Authority (744931).

* Source: “Revealed: How much you need to save for a happy retire- ment,” Which? News, April 2017, available online.

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