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The state pension is a fund that Britons pay into during their lives by paying national insurance contributions, and they can claim it after reaching state retirement age. Private pensions, on the other hand, are provided to Britons by their employers via various schemes.
Please refresh the page and retry. I f you have paid into several different pensions over the years and find it hard to stay on top of all the paperwork, you may be considering consolidating your pensions into one plan.
Taking control of debt, free debt advice, improving your credit score and low-cost borrowing. Renting, buying a home and choosing the right mortgage.
Below we have outlined all the ways you can use your pension pots when you decide to draw your pension benefits. It will also be easier for you to keep track of a single, larger annuity payment, rather than several smaller ones, each time you receive them.
Consolidating your existing arrangements makes it easier to manage your savings and plan for your retirement. There are a number of reasons why you may choose to consolidate your existing pensions and the most common benefits include:.
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