The most important thing to do this year - Pensions expert, Tom McPhail

Making Money

Your pension should be your top priority this year. Tom McPhail, pensions expert at The Lang Cat and former Head of Policy at Hargreaves Lansdown, explains how to calculate what you’ll need to retire, whether you can count on a state pension, and maximise returns without extra contributions. This is what we think you need to get your pension sorted out.

Our previous episode with Tom is called ' Will you be hit by the pensions crisis?' listen here: https://open.spotify.com/episode/6gJm3v9d9K6cEiAzcfI8Z9?si=5fae24feba054ca3

📧 Get the free newsletter series Damo mentions

Learn how to build long-term wealth in the UK: https://makingmoney.email/series-tom-audio

🤝 Want help planning your finances from an advisor?

We’ve teamed up with financial advisors we like so you can get 1:1 support from a professional. Learn more:

https://makingmoney.email/financial-advisors-audio

📈 Investment platforms we use:

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.

Use the code ‘MM’ or this link: https://www.trading212.com/promocodes/MM

InvestEngine

Get up to a £50 bonus when you invest at least £100.

https://investengine.pxf.io/daOD2Q

Vanguard

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

🎉 Sponsors

Vanta - Get your company secure and compliant, with $1k off: https://vanta.com/makingmoney

Tide - Get 4.07% AER variable on your business savings. Use this link www.tide.co/offer/makingmoneyq1 or the code 'MAKINGMONEYQ1'. You'll also get £100 if you fund your account with £5,000 in the first 30 days. Ts&Cs apply.

New members receive a 0.78% AER boost on the standard 3.29% on unlimited deposits until 01/06/25 after which the rate reverts to 3.29% and is only earned on balances up to £75,000. Rate correct as of 19/12/24. Full terms: tide.co/terms/makingmoneyq1-tnc.

–

If you purchase a product or service using one of the links above, we may receive a commission. 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.

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.