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The Meaningful Money Personal Finance Podcast

The State Pension - Pensions Masterclass 6

The Meaningful Money Personal Finance Podcast

Pete Matthew

Education, Business, Investing

4.91.7K Ratings

🗓️ 12 September 2018

⏱️ 20 minutes

🧾️ Download transcript

Summary

The state pension is an easy target for our scorn, especially if we’re a long way away from receiving it. But I’ve never yet met a pensioner who isn’t glad to receive it, so maybe we use need to understand I better. Today I want to give you what you need to know and what you need to do to make the most of this valuable benefit.

Transcript

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0:00.0

Hi folks and welcome to the Mean for Money Podcast season 11 episode 6. This is the podcast dedicated to helping you put your finances in order.

0:17.0

My name is Pete Matthew and I'm going to share with you everything you need to know and everything you need to do to secure your financial future.

0:23.2

I'm here to help you with me now the state pension or the old age pension does

0:39.2

anybody still call it that anyway state pension it can be an easy target for our

0:43.2

scorn you know I've lost count of the number of times people have said to me well is

0:48.0

it really going to be worth anything well will it still be there when I retire?

0:52.1

Well it's easy to sort of poor scorn on it,

0:55.2

particularly if you're a long way away from receiving it, but I have never yet

0:58.9

met a pensioner who isn't glad to receive the state pension. So maybe we just need to understand it better.

1:05.0

Today I want to give you what you need to know and what you need to do to make the most of the

1:08.5

state pension, extremely valuable benefit. So that's where we're going today after the main body

1:13.7

I'll look at a couple of reviews usual drill. Now before any of that remember this

1:17.2

podcast has brought to you with the help of my friends at 7 Investment

1:20.5

Management they specialize in something called multi asset investing,

1:24.4

which simply means spreading the money around over all kinds of different assets and across all different

1:29.5

geographies. And I talk about that a lot because I reckon that really should form the core of most people's portfolio.

1:36.0

Seven I am, our specialists in that and they've been helping me out here on meaningful money since 2011 and really I couldn't have done this without them so I'm

1:43.8

so grateful to them please do check out what they're up to they're at 7.I.m.

1:46.9

dot code. UK that's the number 7 I.m. dot code at UK go check them out.

1:51.5

Now as I said the state pension for many of us is the backbone of our

1:57.1

retirement income. It's a sort of useful minimum income which comes to us each week or every four weeks or whatever and it will

2:06.0

increase or should increase each year. There's also a little bit of flexibility

...

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