Pension plan: 5 things you should know

Saving for retirement should be a top financial priority for you – it’s never too soon, or too late, to plan for your retirement. Here are five things you can do to get your retirement plans on track:

1

Get a state pension forecast, either online via gov.uk/checkstate-pension or by using a BR19 form, which you can request by calling 0345 300 0168.

2

Ask for your defined benefit pension statement to see what pension you will be entitled to.

3

Ask your defined contribution pension providers for updated valuations on your pensions, to see how much you have saved. Use the Money Advice Service pension calculator (yourpension.gov.uk/pensioncalculator) to see if you’re on track for what you want.

Track down any pensions you may have lost details of via the Pension Tracing Service: gov. uk/find-pension-contact-details.