Home One in four UK savers has lost track of a pension pot

Have you lost track of a pension pot?

With roughly £26.6 billion sat in lost pension pots, you wouldn’t be alone in having forgotten about an old pot. But losing track could mean losing out on your hard-earned cash.

There are 2.8 million lost pension pots in the UK right now, each holding an average of £9,500.

That’s a lot of money to have misplaced. And it’s likely to increase as people have more jobs over their lifetime, each with their own workplace pension.

Keeping track of your pensions is simpler when you transfer them into one pot. It could also save you money as you won’t be paying several charges to different providers.

How do I transfer into Nest?

Give us the details of your other pension pots and we’ll handle the rest. Simply log in to your account and choose ‘Transfer money into Nest’.

You’ll need to know:

your other pension provider’s name and address
your policy number
an estimate of how much is in your pension pot

Transfer into Nest

To get started, log in to your account.

If you haven’t logged in before, you'll need your Nest ID, which can be found on your welcome letter, your National Insurance number and your date of birth.

Transfer in

Before you transfer your savings, you should find out whether your other pots are suitable. It’s worth checking out our handy guide on what to look out for.

You should also consider whether there are any costs. Nest doesn’t charge anything at all for transfers in or out of your pot, but there may be penalty fees from other providers. Once transferred, you’ll only pay our 0.3 per cent annual management charge.