Five easy ways to pay your pension some attention

Yep, we know you’ve got to take the bins out. And that basket of dirty clothes won’t wash itself. But spend a few minutes looking at your pension now, and your future self will seriously thank you.

We’re here to support the Pay Your Pension Some Attention campaign, helping savers know what pension money they’ve got, where their pensions are and how they can keep track of them easily.

After all, there’s no time like the present to give your pension a little bit of love!

Pay your pension some attention

Log in to your workplace pension

Sounds like a no brainer, but logging in to your account is a big step.

If you have a pension with now:pensions, you can check on your pension savings by logging into now:u.

Try to review your pension regularly so you know if you’re on track to get the income you want in retirement.
Now make sure we’ve got your personal email address

Your pension account will be set up with your work email address. We suggest you change this to a personal email address.

Using a personal email means if you leave your job, we’ll still be able to send you updates about your pension. Remember, your pension is yours for life.
Check how much you’ve got in your pension

You may already know you pay a percentage of your salary into your pension. It’s good to understand how much you’ve got in your pension account, and what this could pay you when you take your pension.

This pension calculator from the government-backed MoneyHelper service can help you understand how much you could get from your pension.

As well as being able to check your pension online, you’ll get an annual benefit statement each year, which gives you an update on your pension savings, including how much has been paid into your pension in the last year and what this could pay you when you take your pension.
Update who gets your pension if you die

If you die before you take your pension money, who gets it? You can ask the Trustee (who looks after our pension scheme for members like you) to pay the money to whomever you chose. Log in to now:u and go to Pass it on.

It can be one person, more than one person, or a charity. It’s a good idea to keep this updated even if your wishes haven’t changed. The more up-to-date your details are, the more our Trustee can trust it’s what you want to happen.

The Trustee has the final say over who gets your pension savings. This means they can be paid without inheritance tax. The Trustee doesn’t have to follow your wishes, but it usually will unless there’s a good reason not to.
Trace lost pensions

Have you lost a pension? Maybe you don’t even know! It’s estimated there could be over £19 billion sitting in forgotten pension accounts.

We’ve partnered with Pension Lab to give you a quick and easy way to find your other pensions and bring them in to your now:pensions account. Pension Lab is a technology firm that specialises in systems for connecting people with their pensions. Read more about Pension Lab and its privacy policy.