Halifax shares one crucial tip for your pension

There's one easy job you need to do if you're getting ready to retire. It can be complicated to know when you're in a position to stop working and enjoy your retirement, but getting organised is crucial.

To retire, you'll need to have a good idea of how much money you'll need to sustain your lifestyle while not working. You'll also need to evaluate your pension pots, and Halifax has one tip when preparing for retirement. If you haven't already, you should combine your pensions, says Halifax. While it might seem obvious, it's easy to forget this crucial task.

On its website, Halifax says: "If you change jobs throughout your working life, you may have more than one pension.

"If this happens, you might want to consolidate them all into one pot.

"This could make it easier to manage your pension and give you a clearer view of your savings.

"Many or most pension providers offer consolidation options, but there may be charges for transferring your pension. Please check these with your providers before deciding."

If you have a number of jobs over your working life, you could build up several workplace pension pots via different schemes - as your pension doesn't automatically follow you to a new job. You might also have personal pensions, especially if you've been self-employed.

Money Saving Expert adds: "Pension consolidation means combining two or more pension pots into one - effectively bringing pension savings under one roof with one set of rules, features and benefits.

"The good news is you don't need to work through the options on your own. There's free pensions guidance available to help you decide what's best for you."

By doing this sooner rather than later, you can ensure you've sorted out the admin of retiring and you'll make things easier for yourself when the time comes to retire.