Podcast Ep 452 - Income for a comfortable retirement, deferring your state pension & bank deals...

On this show, episode 452 of the Money to the Masses podcast (published on 17th March 2024), Damien discusses how much annual income you need to have the retirement you want. Damien also explains the pros and cons of deferring your state pension. Finally, Damien and Andy reveal an emerging trend in the latest bank switching offers.
Check out the podcast episode 452 article (moneytothemass...) on the Money to the Masses website to see the full list of resources from the show - moneytothemass...
00:00 - Podcast episode 452 - The income needed for a comfortable retirement, deferring your state pension & bank switching deals latest
04:03 - Income needed for a comfortable retirement
14:00 - Deferring your state pension
24:20 - Bank switching deals latest
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• HSBC launches £220 switching offer (moneytothemass...)
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[@stephenlewis2084]

Haven’t watched, but I listened to the podcast on Sunday. All the advice I’ve seen on deferring state pension contradicts this. Although your friend was on the pre 2016 rules and that was a different and much better deal. Most say never defer. If you’re still working and concerned about tax just take the pension and pay it into a SIPP. You get back the tax you’ve been charged and it can grow. It also means that should you die it’s paid out to beneficiaries.