Your pension in your pocket
Our app makes it easy to keep an eye on your pension and plan for the future.
Can you combine all your pensions?
People move jobs a lot these days. So that means potentially ending up with lots of different pension plans.
How many pensions do you have?
Even if you have not had that many jobs, you may still have a number of different pensions to keep track of. Pensions can be confusing, but there is an alternative way to help keep on top of them.
Pension Transfers
Pension Transfers (sometimes referred to as Pot Consolidation) may allow you to combine some or all of your defined contribution pensions in one place. Consolidating your pension means fewer statements to keep an eye on, along with fewer and potentially lower management charges.
Can you combine all of your pensions?
Not all pension types can or should be transferred. It's important that you know and compare the features and benefits of the plan(s) you are thinking of transferring.
It can be a complex decision to work out whether you would be better or worse off combining your pensions.
How do you combine your pensions?
You can usually do this yourself for your defined contribution pensions using our service. As it's a non-advised service you are responsible for making sure that this is the right thing for you to do. Transferring your pension might not be the right thing for you and there are a number of factors you need to consider. For more information, visit the Scottish Widows pension transfer page.
Do you need more help?
PENSION WISE FROM MONEYHELPER
This free and impartial service helps you understand your pension pot options so you can choose the right one for you.
Provided by MoneyHelper, a government organisation, it offers clear and simple guidance online or over the phone.
To find out more visit moneyhelper.org.uk/pensionwise or call 0800 138 3944.
If you're still not sure what to do with your pensions, please speak to an independent financial adviser (IFA). Please be aware that there will normally be a charge for any advice given.
They will be able to help you understand your situation and what is best for you. If you don't have an adviser, we can help you find one in your area.
