What Happens To Your Pension When You Leave A Job? (Mistakes to watch out for)

What Happens to Your Pension When You Leave a Job?What happens to your workplace pension when you change jobs? In this episode, we explain what happens to your pension after you leave an employer and why simply forgetting about an old pension could cost you thousands over time. We look at the difference between defined contribution and defined benefit pensions, how pension charges can erode your savings, and how a £50,000 pension pot could be affected by high fees over 20 years.We also explore the growing problem of lost pension pots across the UK, how to track down pensions from previous employers, and what you need to know before transferring a final salary pension. The episode covers National Insurance, pension charges, auto enrolment, the upcoming 2027 inheritance tax changes, and practical steps you can take to make sure your old pensions continue working for your retirement rather than being forgotten.#UKPensions #PensionAdvice #RetirementPlanning #WorkplacePension #PensionSavings #RetirementAdvice #PersonalFinance #PensionPlanning #StatePension #FinancialPlanning