I found £121,000 in lost pension cash thanks to Martin Lewis tip – how to tracks yours down too
A MARTIN Lewis fan has revealed how they found £121,000 in lost pension cash thanks to a clever tip.
Rob found the missing thousands after watching an episode of the Martin Lewis Money Show about lost pensions.
In a special one-off episode of the ITV show, Martin delved into all things retirement and pensions savings.
During the show, Martin reminded people to use the pensions tracing service to track down lost pension pots from previous jobs.
Rob called up the free government tracing service that Martin had mentioned which led him to the missing cash, MSE said in its latest newsletter.
Rob was "gobsmacked" to find he had paid in £24,500 in his pot and it's now worth £97,000.
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But, he didn't stop there - Rob then went back and found another pension he had taken up with another job in which he had contributed around £600.
He found that that pension was now worth £24,000 - making the grand total of the pensions he traced to a whopping £121,000.
Millions of people are now enrolled in a pension automatically through their work.
Each time you start a new job you start a new pension, which can leave many Brits with several pots of cash that they can easily forget about.
Even before auto-enrolment, like Rob, if you were paying into a pension and moved jobs it could easily be forgotten.
Small amounts of just a couple of hundred pounds can still add up over time.
That's because the money is invested and grows over time.
The Association of British Insurers estimates that there are around 1.6million missing pension pots, with an average size of £13,000.
This lets you search a database of hundreds of thousands of pension scheme contact details to find your provider.
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You can search online by entering the name of your employer or old pension provider.
The service will tell you who managed your old company's scheme and you will then need to contact them.
Do you have a money problem that needs sorting? Get in touch by emailing money-sm@news.co.uk