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25 May 2021 • 6:00am
Write to Kate with your pension problem: pensionsdoctor@telegraph.co.uk. Columns are published twice a month on Tuesday mornings
Dear Kate
I am a few years away from retiring and I know that I have two pensions, how do I find out what other pensions I have paid into? What would be the best course of action to get this information?
Nigel Timothy, via email
Kate says.
It’s definitely a good idea to start tracking down all your pensions now to help you to work out your total pension savings. Doing this early gives you time to save more so you can achieve your retirement income goal. It’s not unusual for people to have more than one pension pot, and it’s all too easy to lose track of these, especially those from earlier in your career.
Alan Birtwistle is considering becoming a landlord for the first time
Credit: JULIAN SIMMONDS
Landlords have been ditching properties in their droves after changes to taxation, a ban on evictions and ever-increasing regulation.
Many have sold up as house prices soared amid demand for bigger homes. Despite all this, Alan Birtwistle is considering becoming a landlord for the first time.
Mr Birtwistle, 56, recently extinguished a 29-year career as a fireman, retiring in 2019. He now lives and works at a campsite near Orpington in Kent during the summer and wants to escape to the Canary Islands during the winter.
After a divorce in March last year, he has £280,000 in bank accounts, earning little or no interest, and no property. “I chose not to buy a home so I could travel,” he said.
It’s called “decision paralysis” and it occurs when you’re overwhelmed by the freedom to choose among too many options. But there’s a twist to this once you retire that you may not have thought about.