Any pot worth less than £10,000 is classified as a “small pot pension”. Different rules apply to pots of this size, and the ...

Pensions; DWP announces small pension pot shake-up – could you get £1,000 retirement savings boost? If you have old pension pots, you risk paying high fees or losing track of them.

Small pension pots. Currently people aged over 60 in possession of pension pots worth less than £2,000 can take them as a cash lump sum. From Thursday, this will rise to £10,000.

Pension policymakers need to “finish the job” and create a pension system that allows people to enjoy a financially secure ...

Pension providers have called for the pension dashboard to come into force before a solution for deferred small pots is confirmed. In response to the Department for Work and Pensions' consultation ...

Personal Finance; Pensions; Small pension pots to be consolidated, says DWP. Workplace pension schemes worth less than £1,000 that become “deferred” when a saver changes jobs will be ...

There are millions of small pension pots littering the system. It’s an unwelcome consequence of auto-enrolment, whereby you are automatically put into a pension at work, but as we move from job to job ...

Small pension pots can be more expensive for savers, with charges eating into their value over time. For most workplace pensions set up under auto-enrolment, annual management charges are capped at ...

Tackling the small pots problem . The government estimates that there are approximately 13 million small pension pots, defined as deferred pots worth less than £1,000. Automatic enrolment has led to a ...

Any pot worth less than £10,000 is classified as a “small pot pension”. Different rules apply to pots of this size, and the money held in them can often be withdrawn in a more tax-efficient way.