In this episode we have Pete Matthew a 27-year veteran Chartered Financial Planner and the creator of Meaningful Money where he has developed over 600 videos and 550 podcast episodes, helping countless people understand how money works and how to make it work for them and he's the author of "The Meaningful Money Handbook".
In this episode we discuss: - Stocks and Shares ISA vs Workplace Pensions v SIPPs - How to much money you need in your pension to retire - What to invest in your pension - Living now vs investing in your pension - How to avoid the UK Pension crisis and much more
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TIMESTAMPS 0:00 - Preview 1:19 - Intro 1:55 - Meet Chartered Financial Planner Pete Matthews 5:44 - Money advice that changed my life 10:56 - Yesim Ad 12:01 - Why pensions are so powerful 18:30 - How does money in a pension grow 21:51 - Tide Ad 23:16 - Cons of putting money into a pension 27:53 - What’s the difference between a stocks and shares ISA and Pensions 30:08 - The amount you can put into a pension without getting taxed 34:57 - Invoice Home ad 35:57 - What’s a Self Invested Personal Pensions (SIPP) ? 38:08 - This is the problem with a workplace pension… 39:10 - Why you need to contribute to your pensions 39:59 - What investments should you have in your pension? 48:39 - How does your investing strategy change approaching retirement? 58:20 - Example: How much pension would A 35 year old with a £37k salary get? 1:05:25 - How to figure out how much you need when retired? 1:08:39 - How to reduce tax with a pension if you’re self-employed 1:12:06 - Why is it important to invest early in your pension 1:15:54 - How to balance living for now vs investing in your pension 1:18:58 - How to minimise your pensions fees 1:22:26 - You don’t need more than one pension pot 1:25:38 - UK Pension Crisis 1:30:30 - What to consider aside from pension 1:37:46 - Budget changes for the pension 1:42:22 - Pete’s Pension book 1:44:26 - Final Words
The information contained on this video is not intended as, and shall not be understood or construed as, financial advice. I am not a financial advisor and the information in this video is not a substitute for financial advice from a professional who is aware of the facts and circumstances of your individual situation.
