Digging Up Buried Treasure: Tracking Lost Pensions and Streamlining Your Retirement
Unearthing Your Forgotten Nest Eggs
Start by making a list of all your previous employers. Look for old payslips, P45s, P60s, or any paperwork mentioning a company pension scheme.
Take advantage of the Irish Pensions Authority's website for helpful tools and resources on pension tracing.
If a company is no longer around, try contacting industry bodies or professional associations for assistance.
Juggling multiple pensions across different providers can be a hassle. Consolidation brings everything together, making it easier to track performance and fees.
Some pension providers charge annual administration fees. Consolidating can potentially minimise these costs, boosting your overall returns.
Consolidation might unlock a wider range of investment options, allowing you to tailor your portfolio to your risk tolerance and retirement goals.
We, your financial advisors, can analyse your pensions and recommend the best consolidation strategy, ensuring it aligns with your overall financial plan.
Certain types of pensions, like defined-benefit schemes, may not be suitable for consolidation. However, we can advise you on which ones can be brought together and which ones to leave alone.
Some providers might charge exit fees for transferring your pension. We'll factor this into the decision-making process.
Finding lost pensions and consolidating them are powerful steps towards ensuring a smooth and secure retirement. We're here to guide you through the process. If you think that you may have accumulated some of your hard-earned money into a former employer pension scheme then why not schedule a meeting and we can discuss your situation and explore how we can maximise your retirement savings.
By scheduling regular reviews, you're taking an active role in shaping your financial future. These reviews provide valuable guidance and ensure your financial plan remains dynamic and adaptable in the ever-changing world of finance.
Don't hesitate to reach out today to schedule your next review. Together, we can ensure your financial journey is a success!
Barry Walsh Q.F.A. ALIA (dip) Managing Director
Barry Walsh Financial Services Limited
Landline: +353(0)51 584776
Mobile: +353(0)86 238 4225
linkedin.com/in/barrywalshfs
e-mail: info@bwfs.ie
