My pension if I leave
If you leave you can keep your pension with us, or transfer it to another pension provider.
Starting a new job brings plenty to think about - new people, new routines, new goals. It’s easy for pensions to slip down the list, which is one reason the average “lost” pension in the UK is worth thousands of pounds.
With a few simple steps, you can keep your pension on track when you change jobs.
Select your pension scheme to find out more
Keep on top of your pensions when you change jobs
What to expect when you start a new role
When you join a new employer, they will usually automatically enrol you into their pension scheme, as long as you meet the eligibility criteria.
- You’ll be enrolled either when you start or within your first three months
- Your employer will let you know once everything is set up
- From that point, your pension contributions will begin automatically
Once you’re enrolled, take a few minutes to check:
- Your personal details are correct
- Your beneficiaries are nominated for any life cover
- Your investment choice suits you
Your pension will be placed into a default investment option, which many people are happy with. If you’d prefer a different approach, you’ll usually have other options to choose from.
Thinking about your old pensions
Once your new pension is up and running, it’s a good time to decide what to do with any pensions from previous jobs. You may choose to:
- Keep them where they are
- Or bring them together by consolidating
There’s no single right answer, it’s about what feels simplest and right for you.
