Ep 535 - Small changes with big impact and filling your pension gap
The Money To The Masses Podcast
Damien Fahy
4.8 • 589 Ratings
🗓️ 25 January 2026
⏱️ 34 minutes
🧾️ Download transcript
Summary
On this week’s show, Damien reveals the small changes you can make that can have huge positive impacts on your finances. Damien also discusses the average "pension gap" between the age at which people want to retire and the age at which they expect they can afford to retire. Finally, he explains how to close the "pension gap".
Check out this week's podcast article on the Money to the Masses website to see the full list of resources from this week's show.
Follow Money to the Masses on social media:
You may already compare products and services online and make purchases but by doing so via our dedicated page you might not only save money but could also earn cashback or take advantage of exclusive offers for MTTM listeners.
Every time you use a link on the page we may earn a small amount of money for our podcast. We only use affiliate links that give you an identical (or better) deal than going direct. Thank you for being an incredible part of our community. Your support means the world to us.
Support the show by visiting and bookmarking our dedicated podcast page:
Money to the Masses Dedicated Podcast Page - Click to support the show
Links referred to in the podcast:
- HMRC data reveals almost 6 million people overpaid tax - Are you owed a rebate?
- Mortgage Overpayment Calculator
- Apps to help you overpay your mortgage
- Barclays Repayment Calculator
- Mortgage LTV Calculator
- Salary sacrifice to be capped at £2,000 per year from 2029
- How to make your child a millionaire
- Pension Calculator from Moneyhelper
- How to make your child a millionaire
- Standard Life Retirement Report
- PensionBee - Are high charges eroding your pension?
- Moneybox - Save for your pension using the 'Half your age' rule
- Sign up to our weekly newsletter
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Hello and welcome to episode 535 of the Money to the Massis podcast with your resident expert, as always, Damien Faye and me, Andy Leakes. |
| 0:08.0 | Damien, welcome back. How are you doing? |
| 0:09.6 | I'm good, Andy, but I'm going to flip this straight back around on you. And how are you as our, well, we've nicknamed you our roving reporter? |
| 0:18.0 | So last week I reported about the fact that southeast water was having terrible |
| 0:22.3 | problems, burst water mains, and it impacted me personally because I didn't have water for a few |
| 0:27.4 | days. And it actually made national news as well, and we put the details in the newsletter. |
| 0:31.9 | Oh yeah, Andy. Does you mean that, well, I'm not sure the national papers wrote about you not having |
| 0:37.0 | water, but the plight of |
| 0:39.2 | the people in came, but it did make national news. Have you got water back yet? Yeah, so we've got |
| 0:44.3 | some water pressure, some kind of normal service. It does dip in and dip out, and I did find |
| 0:49.1 | myself going to the water station again to pick up lots more water and drop off some to our neighbours as well. |
| 0:55.3 | So we're kind of almost there, but we're teetering on the edge. It's like living, you know, |
| 1:00.7 | when you go abroad and you're not able to drink the tap water, it's like that because essentially |
| 1:05.7 | even though the water is returning, we're getting a funny brown sort of yellowy look to it and it smells pretty nasty as |
| 1:13.4 | well. So we're only boiling the tap water at the moment and we're drinking from the bottles. |
| 1:17.9 | Yeah, but the best bit about it, they assure you that it's okay, which given the colour and |
| 1:24.4 | the pictures you've shown me, I find out very hard to believe. But then |
| 1:27.6 | there was another story in the press, wasn't there, that impacted you personally previously, |
| 1:32.7 | but it's now come to light as a story that's hit a number of national newspapers. Yeah, and that's |
| 1:38.6 | pretty much why you've nicknamed me the roving reporter, because it seems everything that happens |
| 1:42.7 | in the national news seems to have somehow happened to me. So HMRC released some numbers this week, which were quite |
| 1:48.5 | staggering. It revealed that nearly six million people have overpaid tax. Now it's essentially |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Damien Fahy, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Damien Fahy and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.