Can we turn pension savings into a solution for our finances? This is the Money podcast

Economy
By Liam

By This is money

Updated:


As a country that feels it has so much to offer, it is even more important that Britain gives itself a pat on the back when it succeeds.

Automatic pension enrollment is one of those successes. The scheme has dramatically increased investment for their retirement – ​​and crucially got people into saving early.

The key to its success is making investing in the workplace simple and relatively painless: money is taken directly from salaries, gets tax relief and is topped up by employers and then invested to build a pension pot.

This week, two separate reports said we need to build on the success of auto-enrolment and present a plan to create financial resilience with rainy day pots, help people save for a home and boost retirement savings.

One came from fund manager Schroders and the Pension Management Institute, the other from think tank the Resolution Foundation.

In this week’s podcast, Georgie Frost, Lee Boyce and Simon Lambert look at the plans and whether we can use our pensions to get our finances in order?

Also in this episode:

  • What do the new tipping rules mean for you and your staff – and what is a tronc?
  • A reader asks: Can we make my parents our mortgage lender to save money?
  • What is a set of NatWest piggy banks bought at auction worth?
  • Is there a new 50p coin with a top value?
  • And finally, could you have a Pokemon card worth a small fortune?

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