EVERYTHING You Need To Know About Pensions (State, Workplace, SIPPs & more)

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The Making Money Simple Podcast

Ryan King

59 episodes

3 days ago

The podcast helping you to invest and build wealth ✔️ I'm Ryan, a Chartered Accountant and investor from the UK and I share my mistakes, journey and knowledge - all whilst having a laugh - through this podcast! 💻 My website - https://makingmoneysimple.co.uk/ 📕 My book: Stop Waiting, Start Investing - https://linktr.ee/makingmoneysimple1 If you have any questions or want me to cover any specific topics, feel free to email me at: makingmoneysimple1@gmail.com

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EVERYTHING You Need To Know About Pensions (State, Workplace, SIPPs & more) - Wealth By Alex

The Making Money Simple Podcast

50 minutes 35 seconds

8 months ago

EVERYTHING You Need To Know About Pensions (State, Workplace, SIPPs & more) - Wealth By Alex

Alex from @wealthbyAlex joins me on this episode of the podcast to discuss all things pension. This episode really is a 'crash course' in absolutely everything that you need to know about pensions.

Alex is extremely knowledgeable on pensions and if you have any type of pension then this episode will be extremely helpful to allow you to cut through the noise and jargon surrounding pensions.

Pensions are often misunderstood, but they are one of the best (if not the best) ways to grow our wealth and then retire one day.

In this episode we discuss the state pension, defined benefit pensions (DB) and defined contribution pensions (DC). On this last one, these DC pensions include both workplace pensions and SIPPs (self invested personal pensions).

We ran through common misconceptions, how to make the most of your pensions, when to consider switching platforms, fees, funds, and a lot, lot more (timestamps below).

Listen to the episode for the full details.

0:00 - What is a pension

3:02 - The 3 types of pension

7:27 - Defined benefit (DB) pensions

13:32 - How does a workplace pension work

23:00 - Common pension misconceptions

25:30 - Making the most of your workplace pension

32:30 - SIPPs (private/personal pension)

37:26 - Moving workplace pension to a SIPP

45:32 - Limited companies and pensions

46:51 - Stocks & Shares ISAs vs Pensions

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⚠️ Disclaimers: I am not a financial advisor and this does not represent financial advice, it is for entertainment purposes only. Please seek professional advice to get the best information for your personal situation. When investing, your capital is at risk and you may get back less than invested. Past performance does not guarantee future results.

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