Pension Basics

What happens when I leave a company?

When you change jobs, it’s likely you’ll leave behind a pension. While you and your old employer will no longer contribute to that old pension, the pension will continue to grow over the long term with the performance of the funds it’s invested in.

Keeping track of your old pensions can be difficult, but it’s worthwhile; if you forget about a pension you could miss out on thousands of pounds worth of investments when you retire. If you’ve lost track of old pensions, and how much is in them, there are a number of ways you can find them – you can find out more on the Trace Lost Pensions page.

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It's important you know

Capital at risk. All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest.

Tax treatment depends on individual circumstances and may be subject to change in the future.

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