When planning for your own retirement you will have different things to consider, depending on your current situation. How you make your plan will be unique to you.
You should start thinking about your retirement plan a few years before you intend to actually retire. Below are a few tips to consider:
Depending on the amount of state pension you receive you may be eligible to have it ‘topped up’ with a benefit called Pension Credit. Read the benefits and state pension advice pages as required.
Your pension is not paid to you automatically. Four months before your state pension age you will receive an information pack telling you how to claim it. If you haven’t received the pack three months before your pension age call 0800 731 7898. If you have had more than one job throughout your life you may have more than one pension.
You can use the free pension tracing service to see if this is the case. If you worked in racing before 2001 you may have paid into a pension that is now managed by Bluefin. The only way to contact them is in writing. If you worked in racing after 2001 you may have paid into a pension held by Friends Provident.
Contact us if you need more information on 0800 6300 443.
If you live in accommodation that comes with your job you may have to move once you have retired. If you can’t afford to rent or buy privately then you can register with your local council. Click here for details.
Racing Welfare’s 24 hour support line enables people to access support and
guidance through digital and telephone options.