I’ve two pots with The People’s Pension with two different account numbers? Can they be merged into one?

You may end up with two different customer numbers as a result of your employer incorrectly entering your details into our system.

This means that you may not receive the same rebate on your management charge you may otherwise be eligible for if your money was all in the same pot. And you may pay the annual charge twice.

If this is the case, please contact us. We can simply amalgamate your savings so you only have one customer number. There’s no need to do a transfer.

If you have a flexi-access drawdown account in addition to your other savings under the same customer number, they’ll both be taken into consideration when calculating your rebate on your management charge. We don’t apply the annual charge on your flexi-access drawdown account.

Was this article helpful?

Please score it so we can improve and offer you more

LikeDislike
Loading...
 Members 50 people found this helpful