Helpful Basics: Pension vs ISA
The Meaningful Money Personal Finance Podcast
Pete Matthew
4.8 • 1.6K Ratings
🗓️ 30 October 2024
⏱️ 46 minutes
🧾️ Download transcript
Summary
In today’s episode of our Helpful Basics season, we’re going to be talking about Pensions and ISA, explaining how they work, comparing them and helping you to know which ones to use and when.
Shownotes: https://meaningfulmoney.tv/HB7
Everything you need to Know
02:07 Paying money IN.
13:50 Taking money OUT.
22:40 What happens when you die.
Everything you need to Do
33:07 Join your employer's pension, or stay in it, or open one if self employed.
36:50 Use ISAs for medium term savings.
38:17 Use LISAs for first-time house purchase or to supplement retirement savings.
40:17 Blend
41:15 Be intentional, review regularly.
43:56 Podcast review.
Transcript
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| 0:00.0 | Hi folks and welcome to the Mean Full Money Podcast this is season 29 episode 7. |
| 0:07.0 | Yes welcome back to the podcast here on Budget Day. Not that we're going to be |
| 0:18.0 | talking about that because this is being recorded two weeks before. Weird time |
| 0:21.9 | dilation effect. |
| 0:23.0 | Yeah, but this is probably the most talked about budget we've ever known and today we finally |
| 0:27.7 | get to see whether it was worth all the fuss or when you hear this you'll have seen what |
| 0:31.5 | the fuss was about if I say it that way. |
| 0:32.8 | If it was any. |
| 0:33.5 | Yeah, but I guess it won't be as much fuss as we've been led to believe and we'll see. |
| 0:37.8 | Yeah, we will. |
| 0:38.3 | I imagine you're right about that. |
| 0:39.4 | But I'm going to be shooting a quick response video. |
| 0:42.1 | And this is dedication folks because I'm actually |
| 0:44.5 | away on holiday in the Cotswalls when the budget on Budget Day but I'm taking my camera because it's |
| 0:49.7 | you know been so well trailed this budget I think it's going to need like a pretty quick response |
| 0:55.8 | and then perhaps more measured one site after that so I'm going to do a video straight after the speech |
| 0:59.8 | I'll obviously read the summary docs and then on Monday the 4th of November I'm going to do a live |
| 1:04.5 | stream Q&A on to YouTube so I make sure if you're on the mailing list you'll know about that but |
| 1:10.5 | just check out the Meaningful Money YouTube channel on Monday the 4th of |
| 1:13.2 | November I'm going to do it live stream that evening. I'm going to be in a |
| 1:16.4 | poky little premiering hub hotel room so lighting will be weird but it'll work I'm sure but I imagine there's going to be loads of questions after the dust has settled a little bit so |
| 1:28.0 | Yeah, I imagine you be right there Pete loads of questions anyway that back to today's episode in our helpful basic season and |
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