The average person changes jobs eleven times. Most leave a pension behind at each one. Retirement planning usually starts with finding them.
Gathering old pensions
We trace what you have, ask each provider what it's invested in, what it charges and whether it carries any guarantees worth keeping. Some old schemes have valuable features that would be lost on transfer. Some are simply expensive and forgotten.
Only then do we recommend whether to consolidate, and into what. Combining pensions is not always the right answer, and we'll say so when it isn't.
£26bn
estimated in lost UK pension pots ← verify source
55
earliest age to access most pensions, rising to 57 in 2028
25%
of a pot can usually be taken tax free, within limits
Turning a pot into income
Drawdown keeps the money invested and lets you take what you need. An annuity swaps a lump sum for a guaranteed income for life. Many people end up with a blend. We model what each would mean for you at 65, 75 and 85, including the years the market has a bad time.
State pension, part-time work and any final salary income are built into the same picture, so the plan reflects the whole household rather than one pot.
"I had four pensions in a drawer. Now I have one plan and a number I can retire on."
Client, Dorchester · PLACEHOLDER, replace with verified review
Tax and allowances
Contributions attract tax relief at your marginal rate, within the annual allowance. Withdrawals beyond the tax-free portion are taxed as income, so the order and timing of what you take matters more than most people expect. We plan withdrawals around allowances, not just around need.
What it costs
The first conversation is free. If we go on to work together, our fees for advice and ongoing reviews are set out in writing and agreed before any work starts. Fee structure to be inserted from Quilter-approved disclosure.