In today’s world, most people don’t stay with one employer for life. But every job change can affect your pension; often in ways that go unnoticed. Winchester professionals, take note: here’s how to protect your retirement savings when switching roles.
What Happens to Old Workplace Pensions?
When you move jobs, your old pension pot stays with your previous provider. Over time, many Hampshire residents accumulate several small pension pots; each potentially incurring separate fees.
Risks of Ignoring Old Pensions
- Lost or forgotten pension pots.
- Higher overall management fees.
- Missed investment opportunities.
How to Keep on Track
- Track Down Old Pensions: Use the government’s Pension Tracing Service or speak to a Winchester financial advisor.
- Consolidate for Clarity: Advisors in Weeke and Fulflood can help combine pensions into one streamlined plan.
- Review Your Contributions: Ensure your new employer’s pension matches your growth and retirement goals.
Expert Help for Winchester Residents
Local pension advisors understand the needs of professionals in areas like Sleepers Hill and St. Cross, helping them maintain control and visibility over every pension pot.
If you’ve changed jobs recently…
…book a pension review today and make sure your savings are working with (and for) you; not against you!
