Have you got a pension sorted and are you saving enough?
This is Money Podcast
This is Money
4.1 • 650 Ratings
🗓️ 11 May 2018
⏱️ 29 minutes
🧾️ Download transcript
Summary
You don’t need to spend long reading the news to find a warning that Britain isn’t saving enough for retirement.
But with a little bit of effort it is possible to get saving so that you can enjoy a richer retirement.
On this week’s podcast Simon Lambert, Tanya Jefferies and Georgie Frost discuss how to start a pension, how to improve on the one you’ve got and how to work out if you are investing enough for retirement.
They also take a look at how, if you are approaching retirement, you can check up on your state pension – and what to do if you think it's wrong.
Enjoy.
Transcript
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| 0:00.0 | Welcome to This Is Money podcast in partnership with NS&I, your weekly roundup of the top personal finance, consumer and business stories that editor Simon Lambert and his team have been covering on their award-winning website. |
| 0:12.1 | I'm your host Georgie Frost and joining Simon Nye today is This Is Money's pension specialist Tanya Jeffries and a very good job too because today we have a pension special. |
| 0:22.6 | We're stripping them back to basics. As auto-enrollment takes centre stage once more, contributions have gone up. |
| 0:29.6 | What about the self-employed and small business owners? |
| 0:32.6 | And for those in their 40s and 50s, is it too late for you? No, says Tanya. So whatever your age or employment status |
| 0:40.0 | will help you get cracking, warn you of the pitfalls, including the government. Don't forget |
| 0:45.2 | you stay up to date with all the latest breaking money news, just go to thisismoney.com.uk |
| 0:49.9 | Or download the app. |
| 0:52.0 | This is Money. Brought to you in partnership with NS&I, where safer savings set you free. |
| 0:59.4 | So auto-enrollment is the hot topic of the moment when it comes to pensions. |
| 1:03.6 | The rate you pay in went up last month, but putting aside the arguments about whether |
| 1:07.5 | this is nearly enough for a comfortable retirement, free cash from your employer and doing something is not to be sniffed out. But what about the self-employed, |
| 1:15.4 | the gig economy workers, small business owners, who often put off starting a pension due to |
| 1:20.5 | pressures on their time, on finances, and if you're in your 40s and your 50s, is it too late |
| 1:27.0 | to even bother? Well, you've got your pensions column your 50s, is it too late to even bother? |
| 1:28.3 | Well, you've got your pensions columnist, Steve Webb, to help you out tenure, |
| 1:32.2 | to tackle the issue of starting a pension from scratch. |
| 1:35.3 | Now, this is in response to a reader's query, but I imagine that this is a topic that many, many people come to you and have questions about. |
| 1:43.8 | But before we get into what the reader said, Steve's advice, Simon, just give me an idea |
| 1:49.3 | about the landscape at the moment. |
| 1:51.4 | Why is so much emphasis being put on us? |
| 1:56.1 | Why is it important to save? |
... |
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