Valuable: It took just two weeks for Rachel Lacey to transfer her pensionFor years I'd put off doing anything about my old workplace pension. It is no wonder that there are old workplace pensions worth around £19 billion that have been forgotten about altogether. I decided to transfer my old workplace pension into a self-invested personal pension (Sipp), which I have been managing since I became self-employed two years ago. By transferring I would wipe out charges on my workplace pension, but pay no more for my Sipp. Other options include moving your pension into an existing workplace scheme or opting for a consolidation firm, which sets up a new pension to pool your existing ones, such as PensionBee.

Source: Daily Mail October 08, 2022 21:37 UTC