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Busting Pension Myths
This week, Tony take the opportunity to bust a number of myths surrounding pensions - myths that may be holding you back from making informed decisions - so as to help you make more robust plans for the future ahead of you.
KEY TAKEAWAYS
- The state pension is topped up by the additional state pension, which requires you to have at least 35 years on your national insurance records or contribution history.
- When it comes to employer pensions, your employer is usually required to pay a minimum of 3% of your salary into your pension, and you must also pay a minimum of 5% into the pension, too.
- A common myth is that annuities are outdated. However, annuities are still very much active, and can be a perfect solution for some based upon their current circumstances.
BEST MOMENTS
'Pension legislation is extremely complex and it's not realistic to expect everyone to understand it completely'
'It's vitally important for you to put aside a portion of your earnings to create a pension pot'
VALUABLE RESOURCES
Tony Talks Wealth - https://omny.fm/shows/tony-talks-wealth
Sign Up Now For Exclusive Tony Talks Wealth Content at https://www.patreon.com/TTWealth
ABOUT THE HOST
Tony Thomas is a published author, one of the top financial advisers in the UK voted for by his clients, the first Chartered Financial Planner in the UK, Independent Financial Adviser, Mentor, Trainer. Life Planner and Money Coach. He is also a pension and investment specialist as well as the regional Chartered Champion for South Wales.
“Live For Today, Invest For Tomorrow”
CONTACT
Tony's official website: https://ttwealth.co.uk/
Facebook: https://www.facebook.com/TonyThomas.IFA/
LinkedIn: https://www.linkedin.com/in/tonythomas2/
This show was brought to you by Progressive Media
Hosted on Acast. See acast.com/privacy for more information.
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By Tony Thomas
5
2929 ratings
This week, Tony take the opportunity to bust a number of myths surrounding pensions - myths that may be holding you back from making informed decisions - so as to help you make more robust plans for the future ahead of you.
KEY TAKEAWAYS
- The state pension is topped up by the additional state pension, which requires you to have at least 35 years on your national insurance records or contribution history.
- When it comes to employer pensions, your employer is usually required to pay a minimum of 3% of your salary into your pension, and you must also pay a minimum of 5% into the pension, too.
- A common myth is that annuities are outdated. However, annuities are still very much active, and can be a perfect solution for some based upon their current circumstances.
BEST MOMENTS
'Pension legislation is extremely complex and it's not realistic to expect everyone to understand it completely'
'It's vitally important for you to put aside a portion of your earnings to create a pension pot'
VALUABLE RESOURCES
Tony Talks Wealth - https://omny.fm/shows/tony-talks-wealth
Sign Up Now For Exclusive Tony Talks Wealth Content at https://www.patreon.com/TTWealth
ABOUT THE HOST
Tony Thomas is a published author, one of the top financial advisers in the UK voted for by his clients, the first Chartered Financial Planner in the UK, Independent Financial Adviser, Mentor, Trainer. Life Planner and Money Coach. He is also a pension and investment specialist as well as the regional Chartered Champion for South Wales.
“Live For Today, Invest For Tomorrow”
CONTACT
Tony's official website: https://ttwealth.co.uk/
Facebook: https://www.facebook.com/TonyThomas.IFA/
LinkedIn: https://www.linkedin.com/in/tonythomas2/
This show was brought to you by Progressive Media
Hosted on Acast. See acast.com/privacy for more information.