As you approach the end of your working life, it’s time to build a full picture of all your pension savings. A good starting place is to look at any benefit statements that you receive each year as these include valuable information. Your statement should tell you the type of pension you have, what benefits you can expect when you retire and when they will be paid to you.

If you find you have gaps and think you had a pension at the time, you can use the Government’s Pension Tracing Service to get back in touch with the pension provider.

Because we are all living longer, the Government is delaying when we receive our State Pension. Also, there is no longer one State Pension age that applies to everyone – it depends on when you were born.

Once you know about all your pension savings and when you will receive the benefits, you may find there is a gap between this and the amount you think you’ll need in retirement.

If you still have a number of years before your planned retirement date, and are still employed by IBM, you have a number of options to boost your savings in the M Plan.

Your contribution options

Your IBM retirement options

To help you find your lost pension(s), go online:
www.gov.uk/find-lost-pension

To check your State Pension age, go online:
www.gov.uk/state-pension-age

To get your State Pension forecast, go online:
www.gov.uk/check-state-pension

For more information on the State Pension, please view the factsheet.