How To Sort Your Pension & Retire Well

Most people don’t realise how much money they need to retire the way they want, nor how to build that pot. Hell, our Producer Will had opted out of his workplace pension before this podcast. To figure out what to do, we’re speaking to the wonderful Lisa Conway-Hughes, also known as Miss Lolly - a financial advisor and author.

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✉️ Summary:
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Disclaimer:
This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life.

Chapters:
00:00-00:25 - Intro
00:25-02:50 - Damo challenges T with a Mensa question
02:50-07:45 - How much are you going to spend in retirement?
07:45-11:15 - Work out every year what you need
11:15-14:00 - Are you saving enough to afford the lifestyle you want?
14:00-17:33 - Ways to be as tax efficient as possible
17:33-19:30 - How tax on your pension works
19:30-21:59 - Putting your money into lots of different pots
21:59-23:30 - How long will the state pension be around?
23:30-24:55 - Blinkist Ad
24:55-26:05 - Is now the golden time for higher earners?
26:05-30:48 - How safe is your pension?
30:48-32:40 - Should you move your pension?
32:40 - 36:15 - The different types of pension: workplace, state, SIPP etc…
36:15-38:48 - Getting the most out of your workplace pension
38:48-42:17 - How much should you save a month?
42:17-46:14 - Pensions when you are self-employed
46:14-48:34 - What you can do today to get on top of your pension
48:34-52:13 - Should you consolidate?
52:13-54:28 - Are you clever enough to get into Mensa? Damo reveals the answer