Actually curious about it, if you have a PensionBee Plan and you move to a new employer, what happens? Will they automatically pay into it or will you have to wait until you finish employment again and then have them merge it
Get them to pay directly in to your existing pension, if they will support it, or keep multiple pensions with different providers. Then, eventually (once you retire or leave the employer) you could choose to merge them?
I use PensionBee and have moved a couple of previous pensions to them. I also have a pension with my current employer. I think the easiest, most hassle-free approach is to allow your employer to continue paying into their scheme then, if and when you move to a new company, transfer it across to PensionBee.
Depending on the particular pension scheme, it may not be a good idea to transfer, e.g. if it comes with guaranteed benefits. It’s best to check with a financial advisor if you are unsure.
My main pension can’t be moved as it’s in the scheme my employer uses, nor would I want to move it as the terms are far more favourable.
Secondary job is the same, that one can’t be moved and wouldn’t want to if could add the terms are better.
I had another from when I worked somewhere else which I’ve moved into PensionBee. Thought once that’s in I’ll top it up every month, not by a massive amount as the other 2 pensions cover everything when I retire anyways. Just nice to have a bit extra sat waiting.