Martin Lewis fan tracks down lost pension worth £39k after following MSE tip

A Martin Lewis fan found an eye-watering £39,000 sitting in a lost pension pot.

The reader, who tuned into the MoneySavingExpert website, said the cash was in a Scottish Widows account from "years ago".

But finding money in a forgotten bank account or investment product isn't usually uncommon, in fact, it happens a lot.

There could be around £50billion lying dormant in old bank accounts, savings, private pensions and more.

The reader, known as Lance, said: "I used the information on your site to search for any old pensions I might have had years ago.

"I didn't think it would be a lot, but found I had a £39,000 pension with Scottish Widows. Thank you."

Fortunately you can also track down lost pensions yourself.

It's not hard to do, but if you've changed jobs, moved house, lost paperwork or the company has been rebranded, it can be tricky.

There is a Government tool called the Pension Tracing Service which can help you track down lost pensions.

This is a free service which searches a database of more than 200,000 workplace and personal pension schemes.

You'll need to contact the pension administrator yourself to find out if you have any funds with them.

The more information you can provide about yourself and employment history, the easier it'll be to track down.

Alternatively, if you're looking for an old workplace pension, you can contact your employer and they should be able to help.

For old bank accounts, there is a free service My Lost Account which could help you find forgotten cash.

You can fill in a form to have your details sent across to more than 30 banks and 40 building societies.

If it finds you have got a lost account, then you'll be able to get into contact with that bank to reclaim your money.

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