Martin Lewis shared an emotional message on Good Morning Britain today as he presented the ITV show with Susanna Reid.
Man finds 'forgotten' £137,000 by following Martin Lewis advice
29.06.2023 - 11:51 / manchestereveningnews.co.uk
One man says he's uncovered £137,000 by following expert advice from Martin Lewis.
The money-saving expert previously warned many people may be sitting on a small fortune via old pensions. It's incredibly easy for a person who's been in employment for a long time to lose track of pensions schemes.
On average, a person has 12 jobs in their lifetime which could all come with their own separate pensions. One man told Mr Lewis that he managed to uncover a pension from around 20 years ago which was worth nearly £150,000.
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Reading the man's testimony on his podcast, Mr Lewis read: "I just wanted to thank you Martin for your advice in locating lost pensions. I followed the advice and after a few months, managed to locate my old pension which I stopped paying into during the early 1990s.
"I was shocked to find that it had £137,000 in it." Martin then highlighted that there is a total of £50 billion of lost assets in the UK, a large part of which is made up of pensions.
He added that this could include company pensions, private pensions, and some early pensions up to 50 years ago that only have a small amount of money in it. He advises people to try and find some old paperwork or contact their old HR department to find out who their old pension company is.
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You can also use the government's pension tracking service online which is free to use and has data of over 200,000 pension providers. In order to use the service, you must have the name of your old employer so the service can tell you which pension company to contact to find your missing pension and
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