Does Trados 2024 Piggyback on Trados 2021?

I've just upgraded from Trados Studio Freelance 2021 to Trados Studio Freelance 2024. Does the new software use information, translation memories and programmes from my Trados 2021 software? Can I uninstall Trados Studio Freelance 2021 from my computer, safe in the knowledge that no translation memories will be lost? Also, if I have to transfer data like translation memories, will Trados 2024 automatically do it or must I manually perform the transfer? Any guidance or advice that you can offer will be greatly appreciated.

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