Description
Struggling with debt is more common than you think. With rising prices and record-breaking borrowing in 2024, we’ve partnered with ex debt advisor and money blogger Sara Williams (@debtcamel) to tell you the best practices for borrowing and what to do if you’re struggling with debt.
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Timestamps:
00:00 Intro
00:13 Who is Guy Skinner?
01:43 Pensions & Retirement Explained.
16:11 Should I opt out of my pension?
17:18 What are the benefits of having a pension?
18:33 What would happen to my pension if I do move abroad?/Should I opt out of my pension if I don’t plan on retiring in the UK
20:27 How much should I save for retirement?
24:00 What’s the best thing for young people now the pension age is 71?/Are pensions still the way to go?
26:13 How do you know if you have enough to retire?
29:25 What is the best option if you’re self-employed?
30:26 How should I invest within a pension?
33:32 If we have lost pots from other jobs, how can we find them and put them together for a future pension?
35:26 I have a pension that is now closed from 2018 should I put it with my current pension managed by Aviva
38:30 I have worked for several employers and therefore should have several contributions. Should I consolidate these? If so, how?
39:18 I’ve worked different part time jobs over the years and I’ve never opted out of my pension. How can I access and group them together now that I no longer work there? I wouldn’t know where to start
40:21 Are there any potential fees I need to be wary of when dealing with a pension provider?
42:16 How do I take benefits from a pension at retirement?
43:58 How do I access my AVC’s
45:26 My daughter currently lives overseas. How can she contribute to a private pension in the UK?
46:21 Can you provide guidance on junior pensions parents can open for their kids?
47:39 What’s the risks of a lifetime ISA?
49:20 Outro