Podcast Ep 452 - Income for a comfortable retirement, deferring your state pension & bank deals...
ฝัง
- เผยแพร่เมื่อ 17 ส.ค. 2024
- 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
Support the show:
Check out the latest cashback deals -
• Best ISA cashback offers and fee-free deals (moneytothemass...)
• Best pension cashback offers and fee-free deals (moneytothemass...)
• Download the JamDoughnut Cashback app* (moneytothemass...) - Use referral code MTTM to get a £5 welcome bonus
Resources:
• Pension needed in retirement rises in 2024 (moneytothemass...)
• Analysis by Pensions & Lifetime Savings Association (www.plsa.co.uk...)
• MTTM - Ep 372 - Retirement Spending Truths (moneytothemass...)
• 7 tips on how to boost your state pension (moneytothemass...)
• HSBC launches £220 switching offer (moneytothemass...)
• Best bank account switching offers (moneytothemass...)
• Chase changes 1% cashback rules (moneytothemass...)
• 80-20 Investor (moneytothemass...)
Sign up to the Money to the Masses weekly newsletter - moneytothemass...
If a link has an * beside it this means that it is an affiliated link. If you go via the link Money to the Masses may receive a small fee which helps keep Money to the Masses free to use. But as you can clearly see this has in no way influenced the above editorial. The following links can be used if you do not wish to help Money to the Masses or take advantage of the exclusive Money to the Masses offers - Jam Doughnut App (www.jamdoughnu...)
---------------------------------------------------------------------------
Since 2010 Money to the Masses has been helping people with their personal finances for FREE. Money to the Masses is one of the UK’s leading independent personal finance websites specialising in all aspects of financial planning including investments, pensions, property, insurance, mortgages, budgeting and saving. We bring together expertly written content, interactive tools and technology to help over 4 million people a year across our platform.
If you are looking to get your finances in shape then check out Damien's FREE Money MOT at mot.moneytothe...
---------------------------------------------------------------------------
Follow Money to the Masses on social media:
Website - moneytothemass...
Facebook - / moneytothemasses
Instagram - / moneytothemasses
Twitter - / money2themasses
#personalfinance #moneytips #financepodcast
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.