What if I have different pension savings from different jobs?

If you'd like to see all your pension savings together in one place, it's easy - here's how

Being able to see all your pension savings in one place can make it much easier to assess how much income you'll have in retirement - as well as helping you identify any actions you can take to boost your pension.

Reasons to transfer

  • Transferring your pensions from previous jobs into your Smart Pension account will reduce the amount of paperwork and statements you need to keep on top of.
  • You may also save money by paying less in charges - it’s worth checking the charges on your existing arrangements to see if you can save.
  • With your Smart Pension account, you have access to an extensive investment choice with charges that are competitive and simple to understand.
  • Smart Pension also has investment options to suit your beliefs, your retirement goals and the amount of risk you would like to take.
  • You can choose your own investment strategy or we can do it for you.

Reasons not to transfer

Before making a decision to transfer, it is important to understand what you could be giving up:

  • access to Guaranteed Annuity Rates (GARs)
  • guaranteed returns or a Guaranteed Minimum Pension (GMP)
  • lower charges
  • protected tax-free cash or protected retirement age
  • loyalty bonuses
  • loss of additional benefits - for example, life assurance or premium protection benefit

If you are unsure, your scheme provider will be able to confirm if you will be disadvantaged by transferring.

Remember that whatever you decide, we can help you with a single view of your balances and consolidation, whether you want to transfer in other account balances or not. For more information, sign in to your Smart Pension account and click on Bring your pensions together.  

Beware of Scammers

As your Smart Pension account grows, so does your risk of losing your money through one of today's increasingly sophisticated scams. You can learn how to become scam smart by visiting our website at https://www.smartpension.co.uk/pages/how-to-be-scam-smart. You can also find more information about protecting yourself from scams at https://www.fca.org.uk/scamsmart or by visiting https://www.thepensionsregulator.gov.uk/pension-scams.


The information, money-saving tips, tools and techniques provided are for guidance purposes only and do not constitute financial advice. Where we provide links to third-party websites we are not responsible for their content. It is therefore important you carry out your own independent research.

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