Martin Lewis warns people missing ‘hundreds of thousands of pounds’ in pensions

Martin Lewis has warned people to check if they are in doubt about old pensions they've lost track of – which could have a sizeable sum in them.

The MoneySavingExpert.com founder said some people are not claiming "tens or even hundreds of thousands of pounds" because they have left a pension at a former employer.

Speaking on his ITV show, The Martin Lewis Money Show on Thursday, February 25, Martin advised a viewer there was no need to own all the paperwork.

The money guru explains that the website gov.uk has a pension tracing service so you can locate your old money pots, Birmingham Live reports.

"You put in your old employer's details and it will tell you who to contact," he says.

"It is worth doing because – staggering though it is – there are some people who lose track of pensions worth tens or even hundreds of thousands of pounds.

"If you are not sure, definitely worth checking it out."

This comes after Martin Lewis said one million Brits miss out on £3,000-a-year from pension credit they are entitled to.

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Writing in his weekly Money Saving Expert newsletter, he said: "Many of the UK's poorest fail to claim pension credit, even though it's worth an average of £60/week in its own right.

"We're reminding you (again) as claiming also makes you eligible for other discounts on many bills, some of which will rise in April."

Meanwhile, you can also potentially save money with a free £184 to spend at Sainsbury's or Argos using an Amex card trick.

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