I first heard of PensionBee on social media and, I must admit, I initially ignored. But when I changed job and signed up for my pension I realised I would get yet another pension provider!
By that time I had lost track of how many pensions and pension providers I and and how much money I even had in total. I know I know… pension feels still so far away… but in truth I wanted to know much much money I had spread around various accounts.
I asked my then provider if they could transfer over my old pensions to my new account with them. “Sure”, they said, we’re happy to help. That’ll be £500 plus VAT for each account to consolidate”. Gulp! I think I had 4 old accounts, so that would be £2,000 plus £400 just for a bit of paperwork!
Next I contacted my previous provider and asked to be sent the documents to do the transfer myself. Once I say the pile… I added it to another pile of forgotten documents in a corner.
And this is when I remembered PensionBee – they offer to consolidate your old pensions into one of their accounts for free.
I studied all their website and FAQs, read their reviews on third-party websites and made sure they are authorised and regulated by the FCA. I did all my homework and then I signed up.
How easy and clear it all is with PensionBee!
Not only have they transferred all my old pensions into one account for free and with minimal hassle for me, I can now log into my account at any time and actually see at a glimpse how much I have!
- They have a generous affiliate programme, so if you sign up to PensionBee via this link, you get £50 straight into your PensionBee account, and so do I.
- The pension calculator to see how much you could have, and you can play around levers for monthly contributions and one-off payments to see what you could get if you paid in more.
- The eco-friendly fund that does not invest in companies related to oil and tobacco – my way of divesting my investment.
- Your investment chart showing you two lines, one for the money you have paid in, and one for the value of your investment – so you can easily see the two lines grow apart and your investment grow.
In a nutshell, PensionBee is a company bringing modern technology and an amazing user interface and user experience with the old-fashioned pension industry, and winning at it.
Image courtesy of Payroll for Pensions.
[adrotate banner=”3″]
0 Comments