Making Money

Ask Us Anything: Should you be worried about a 'pension crisis'?

Listen on

Episode notes

The questions are all about pensions this week:

  • What are our thoughts on a ‘pension crisis’ for Millennials/Gen Z when retirement comes around?
  • Should you reduce pension contributions in order to pay off debt quicker?
  • What % of your income should you pay into your pension?


We will be back with Season 3 of Making Money in a few weeks.

---------

Sponsors

Sensate: Get help with your anxiety & 10% off with the code MM10: https://www.getsensate.com/makingmoney

Unbiased: Get help with your money from a financial advisor: https://www.unbiased.co.uk/makingmoney

Making Money Masterclass

Get on our waiting list here: https://forms.gle/mdQgMgZBu8TWZ5qMA

What's your financial health? 

Take our quiz: https://makingmoneypod.scoreapp.com/

Investment platforms

Here are some of the biggest investment platforms in the UK - and Damo uses all of them too. Some of these are affiliate links. If you purchase a product or service using one of these links, we will receive a small commission from the seller. There will be no additional charge for you. Remember investments can fall and rise - and past performance is no guarantee of future results. Other fees may apply. Your money is at risk.


InvestEngine

Get a £25 bonus when you invest at least £100.

https://investengine.pxf.io/daOD2Q


Vanguard

https://www.vanguardinvestor.co.uk/

This is not an affiliate link.


Trading 212

Get a free share worth up to £100 when you sign up for a new Invest or ISA account and deposit at least £1.

https://www.trading212.com/promocodes/MM 

If you do not get your free share after depositing at least £1, use the promo code ‘MM’ (for Making Money). You can use this code for up to 10 days after opening the account.

This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life.