Millions of people have lost track of their pensions. This can be for a variety of reasons such as moving house, changing jobs, or simply losing paperwork. If you are one of these people, don't worry – there are ways to find your lost pension. Thoroughly reading this article will help you learn how to successfully trace your pension. In this article, we will outline what information you need to gather and how to go about tracking down your forgotten funds.

What Information Will You Need To Trace Your Pensions?

When you begin to trace your pensions, you need to have a few pieces of information ready. If you've lost track of a pension then it is important to start gathering all the necessary documents that will allow you to trace it. If you know the name of the company that used to manage your pension, then it will be much easier for you to track them down. You could also look through old paperwork such as bank statements or payslips in order to find documentation mentioning your previous employer or somewhere where money was being deducted from your wages. 

Furthermore, if you also have your National Insurance number and approximate dates on which you were in paid employment this will help significantly. There are different ways you can find a lost pension and you will need to gather some paperwork in order to ensure that you do this correctly. So make sure that you have your national insurance number, any pensions that they still might have deducted for, and the date of employment.

If you have been able to trace the company that used to manage your pension account, they should be more than happy to help you out with tracking down what was once yours. The company should also be willing to pass along any missing funds directly into your bank account or pay them directly into an alternative pension account (if they are willing, and you have a new account).

Getting Help From The Government

The government can help you track down your pension. Of course, if you have lost all of your paperwork then it will be far more difficult for them to successfully trace your pensions for you. It is much easier when the information has been passed on from another person or company who knows how to go about finding a pension. You may be able to approach your previous employer in an attempt to find out where they used to pay your pension payments.

The government has an established Pension Tracing Service which is helpful for those who have lost track of their pensions or whose pension company has disappeared. You can contact them via telephone, letter, or email and they will help you to trace them as long as the finder's fee hasn't already been claimed. The government has set up this service to help out its citizens in situations like these. The Pension Tracing Service will make sure you get access to your money.

Another way the government can help is by passing along any unclaimed pensions that are owed to you, or were once yours, into another account for you. If you have not heard anything regarding your pension investments in seven years then they may pass it along directly into your bank account where it will be safe until you decide what to do with it. 

Check Out The Unclaimed Assets Register

The government also runs a Pension Unclaimed Assets Register online. This database holds details on over £400 million worth of unclaimed assets – many of which are pensions – so it's well worth checking if any belong to you. You can search for your pension using the unclaimed assets register, but you need to know which company used to pay out your pensions in order to get the most accurate results.

Unclaimed assets can include money in dormant bank accounts, insurance payouts, and utility deposits. The Pension Unclaimed Assets Register also includes details of people who may be owed share dividends or investment income (including reinvested capital gains) which you would need to contact the company that paid out the pensions in order to claim it back.

Use An Online Pension Tracing Service

If you want to trace your pension, but don't know where to start, there are a number of online tools and services which you can use. Pension tracing companies will generally charge a finder's fee for their services. However, these fees vary from one company to the next and some offer lower rates than others. Online pension tracing services can help you find a lost pension, but you need to do some research first in order to make sure you go with the best company. You can find out which companies are reputable by checking online reviews and forums where past customers of the company have left feedback for other people who may be looking for a pension tracing service.

As well as helping you to track down your old pensions, this type of service will also tell you whether or not there is anything owed to you on these accounts that have been lost or forgotten about. If there is anything due on these documents then they should be able to help sort it out so that the money is paid directly into an account of your choice.

Tracing your pension is not always easy, but there are many resources that you can use in order to ensure that you successfully find what was once yours. By knowing where to look and with enough information about your old pensions this task will be completed much more quickly and smoothly. This includes government resources, pension tracing companies, and the Unclaimed Assets Register. You can also use online pension tracing services which will let you know whether or not there is anything you are owed and then take care of everything for you so that all of your money ends up in the right place.

When it comes to finding your old pensions there are a number of options available – many of them free – so don't give up too soon on this task as it may be less difficult than you first thought. Good luck!