The Pension Confident Podcast

PensionBee

We get it, pensions can be complicated. But PensionBee is on a mission to make them simple. Whether you’re just starting your savings journey, nearing retirement, or somewhere in between, the award-winning Pension Confident Podcast is here to help you get the best out of your pension. Subscribe today to hear from some of the best brains in personal finance every month, and get expert insights from the PensionBee team. Remember, anything discussed on this podcast should not be regarded as financial advice and as always with investments, your capital is at risk. https://www.pensionbee.com/podcast read less
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Episodes

BONUS EPISODE: How to manage your money and mental health
May 15 2024
BONUS EPISODE: How to manage your money and mental health
Enjoying the podcast? Tell us what you think below and give us a review or rating. As always we’d love to hear your suggestions and feedback. Send us an email: podcast@pensionbee.com.   It’s Mental Health Awareness Week so in this bonus episode of The Pension Confident Podcast, we’re revisiting a really important topic - how to manage your money and your mental health. Tune in to hear the best bits from episode nine and hear from Philippa Lamb and our expert panel as they discuss how to talk about money, mental health and more. We hear from: Chief Communications Officer at the Financial Services Compensation Scheme (FSCS); Lila Pleban,Founder and Managing Director of Psychreg; Dennis Relojo-Howell, andPensionBee’s COO and Mental Health First Aider; Tess Nicholson.    Episode Breakdown:  01:10 Personal experiences from the guests 04:12 Financial support from the FSCS 05:20 Early warnings signs of money and mental health struggles 06:45 How are money and mental health linked? 07:44 Money worries in retirement 09:26 How to manage money worries 10:25 Where to turn for financial support 11:39 Tips for keeping on top of your finances 12:32 Tips for managing your mental health 13:20 How to talk about money worries.   *If you’re struggling right now and need to talk to someone, call SAMARITANS on 116 123 - they are open 24 hours a day, 365 days a year. You can also text the word ‘SHOUT’ to 85258 and speak to a volunteer, anonymously.  If you’re concerned for the immediate safety of yourself or someone else, then always call 999. For non-emergencies, call 111, or speak to your GP who can refer you to your local NHS Mental Health Trust. Further reading: To learn more about money and mental health, check out these articles and podcasts from PensionBee: Six ways to manage your money and your mental healthWhat is the impact of debt on mental health? Introducing our Mental Health First Aiders Recovering mental health and recovering finances Mental health in retirementE9: How to reduce the risk of money worries affecting your mental health (transcript)E9: How to reduce the risk of money worries affecting your mental health (episode) How PensionBee is supporting our vulnerable customers   Other useful resources: The Money and Pensions Service (MAPS)Citizens Advice ServiceMoney Saving Expert National DebtlineMoney and Mental Health Policy InstituteShelterMindTurn2usMental health articles (Royal College of Psychiatrists)Royal College of Psychiatrists   Catch up on the latest news, read our transcripts or watch on YouTube: The Pension Confident Podcast The Pension Confident Podcast on YouTube   Follow PensionBee (@PensionBee) on X, Threads, Instagram, TikTok, Facebook and LinkedIn. Follow the Financial Services Compensation Scheme (@FSCS) on Facebook, X, Instagram and LinkedIn. Follow Dennis Relojo-Howell (@Psychreg) on X, Instagram, Facebook, LinkedIn and YouTube.
E27: The cost of friendship with Dr. Tara Quinn-Cirillo, Niaz Azad and Brooke Day
Apr 28 2024
E27: The cost of friendship with Dr. Tara Quinn-Cirillo, Niaz Azad and Brooke Day
Enjoying the podcast? Tell us what you think below and give us a rating. As always we’d love to hear your suggestions and feedback. Send us an email: podcast@pensionbee.com.   We all know friendship is priceless, but navigating social circles where some people are a lot better off than others may be a minefield. According to Intuit, Gen Z would rather discuss sex, politics and infertility struggles than their salaries, debt, and bad investments.   So how can you maintain strong friendships while  navigating different bank balances and spending habits? This month on The Pension Confident Podcast we’re looking at the costs associated with friendship. Join our host, Philippa Lamb, and our expert panel as they discuss how to talk about money with friends, overcoming envy and more: Psychologist and Associate Fellow of The British Psychological Society, Dr. Tara Quinn-Cirillo;Co-Founder of Millennial Money UK, Niaz Azad; andHead of Brand and Communications at PensionBee, Brooke Day.   Episode Breakdown:  01:29 How to discuss money fairly 06:10 Navigating a financial divide 11:20 How friendship expenses can snowball 16:28 Overcoming envy 18:58 As you and your friends get older 22:31 When life throws you curveballs 25:38 Lending money to friends 27:57 Knowing when to let go.   Further reading: To learn more about the cost of friendship, check out these articles from PensionBee: Episode 27 transcriptThe cost of friendship Bonus episode: Relationships and money How to talk about money Six ways to manage your money and your mental health Six ways to start talking about moneyWhat is the impact of debt on mental health?   Other useful resources: How to keep money from tearing your friendships apart (Vox) Is the wealth gap ruining friendships? (Guardian)The transfer of wealth from boomers to ‘zennials’ will reshape the global economy (Financial Times) A third of people are owed money by friends and family (Starling) Nearly 50% of millennials overspend to keep up with friends (Credit Karma) Why the “f*ck it” mentality is harming friendships (Refinery29)Splitwise     Catch up on the latest news, read our transcripts or watch on YouTube: The Pension Confident Podcast The Pension Confident Podcast on YouTube   Follow PensionBee (@PensionBee) on X, Threads, Instagram, TikTok, Facebook and LinkedIn. Follow Millennial Money UK (@MillMoneyUK) on X, Instagram, Facebook and LinkedIn. Follow Dr. Tara Quinn-Cirillo (@CirilloDr) on X, Instagram, Facebook and LinkedIn.
E26: Are you ready for your 100-year life? With Andrew J. Scott, Jennifer Howze and Becky O’Connor
Mar 29 2024
E26: Are you ready for your 100-year life? With Andrew J. Scott, Jennifer Howze and Becky O’Connor
Enjoying the podcast? Tell us what you think below and give us a rating. As always we’d love to hear your suggestions and feedback. Send us an email: podcast@pensionbee.com. You might be surprised to learn that living to 100 years of age is no longer a rare feat. The Office for National Statistics (ONS) revealed that almost one-in-seven boys and one-in-five girls born today are expected to reach this milestone in the UK. The trend is clear: with advancements in technology and healthcare, a centenarian life is becoming the norm. But what does this mean for our everyday lives, especially in terms of work, planning, and even our mindset? This month on The Pension Confident Podcast we’re discussing the increasing likelihood of the 100-year life. Join our host, Philippa Lamb, and our expert panel as they discuss both the emotional and financial realities of longer living: Economist and best-selling Co-Author of ‘The 100-Year Life’, Andrew J. Scott;Editorial Director at Noon, Jennifer Howze; andDirector (VP) Public Affairs at PensionBee, Becky O’Connor.   Episode Breakdown:  02:20 Rising life expectancy 04:31 Adapting to a multi-stage life 06:03 The emerging adulthood trend 07:59 Saving for retirement 10:01 Portfolio careers in midlife 13:46 Multi-generational households 15:03 How long will people be working for? 18:05 Budgeting your time and money 19:10 State Pension versus Retirement Living Standards 23:29 Investing in your human capital   Further reading: To learn more about the 100-year life, check out these articles from PensionBee: Episode 26 transcript Are you ready for your 100-year life? Can you live off of the State Pension? How much money is enough to save in your pension for your future retirement? How you could build a million pound pension Is it too late to start a pension? 6 reasons why you should delay taking your pension   Other useful resources: British workers increasingly likely to work into their 70s, research suggests (The Guardian) One in six over-55s have no pension savings yet (Unbiased)Queenagers: research portrait of midlife women (Noon)The 100-Year Life – Living and Working in an Age of Longevity     Catch up on the latest news, read our transcripts or watch on YouTube: The Pension Confident Podcast The Pension Confident Podcast on YouTube   Follow PensionBee (@PensionBee) on X, Threads, Instagram, TikTok, Facebook and LinkedIn. Follow Andrew J. Scott (@ProfAndrewScott) on X and LinkedIn.  Follow Jennifer Howze (@jhowze) on X and LinkedIn.
E25: How to earn more money with Natalie Campbell MBE, Lynn Anderson Clark and Priyal Kanabar
Feb 25 2024
E25: How to earn more money with Natalie Campbell MBE, Lynn Anderson Clark and Priyal Kanabar
Enjoying the podcast? Tell us what you think below and give us a rating. As always we’d love to hear your suggestions and feedback. Send us an email: podcast@pensionbee.com.     While many organisations may talk about equality, research tells us that women are far less likely to secure a pay rise than men - even when they ask for one! Nearly one in every three men who ask for more pay get it, but only one in every five women are successful. This month on The Pension Confident Podcast, inspired by International Women’s Day, we’re discussing how to earn more money. Join our host, Philippa Lamb, and our expert panel as they discuss how to bridge the gap between your potential and your paycheque: Social Entrepreneur and Broadcaster, Natalie Campbell MBE;CEO and Co-Founder of The Know, Lynn Anderson Clark; andSenior Customer Experience Researcher at PensionBee, Priyal Kanabar.     Episode Breakdown:  01:52 Pay gaps in the workplace 04:27 Early stage careers 07:52 The mentorship relationship 11:10 Job application behaviour 13:17 Job interview tips 16:12 Negotiating for higher pay 18:55 Benchmarking your salary 24:10 Later life careers     Further reading: To learn more about navigating pay negotiations and improving your financial prospects, check out these articles from PensionBee: Episode 25 transcript How can we improve financial health amongst women? Can financial education platforms help close the gender financial literacy gap? How women can boost their pension savings Six ways to start talking about money How to check your State Pension forecast 10 money making ideas for stay-at-home mums How to catch up on pension payments   Other useful resources: Find and compare gender pay gap data (GOV.UK)Explore salaries at the world’s most innovative companies (Otta)The Carer’s Pension Gap (PensionBee)Queenagers: research portrait of midlife women (Noon)     Catch up on the latest news, read our transcripts or watch on YouTube: The Pension Confident Podcast The Pension Confident Podcast on YouTube   Follow PensionBee (@PensionBee) on X, Threads, Instagram, TikTok, Facebook and LinkedIn. Follow Natalie Campbell (@NatDCampbell) on X, Instagram, TikTok and LinkedIn.  Follow The Know (@theknowmedia) on X, Instagram, TikTok, Facebook and LinkedIn.
BONUS EPISODE: Relationships and money
Feb 14 2024
BONUS EPISODE: Relationships and money
Enjoying our award-winning podcast? Then don’t forget to rate and give us a review! As always we’d love to hear your suggestions and feedback. podcast@pensionbee.com    On this special bonus episode of The Pension Confident Podcast, we look at different relationships and the impact they can have on your finances. Whether you live with a friend, are married or going through a separation, these tips are for you. From property and prenups to credit scores, find out what they all mean for your current relationship status. In this episode, we hear from: This Girl Talks Money Founder, Ellie Austin-Williams;Director (VP) Public Relations at PensionBee, Becky O’Connor;Barrister, Mediator and Family Arbitrator, and a Spokesperson for free legal assistance charity, Advocate, Paul Infield;Personal Finance Expert and Founder of Mrs MummyPenny, Lynn Beattie;Founder of financial literacy platform All Things Money, Ola Majekodunmi;CMO at PensionBee, Jasper Martens;Financial Times Consumer Editor, Claer Barrett; andHead of Communications at the Financial Services Compensation Scheme (FSCS), Emma Barrow.   Episode Breakdown: 00:58 Moving in with someone who owns a property 03:05 Pensions and divorce 05:29 Prenups and postnups 07:05 Why it’s important to talk about money 07:58 Pension beneficiaries 09:03 Credit scores and relationships. Read the episode transcript.   Catch up on the latest news, read our transcripts or watch on YouTube: The Pension Confident Podcast The Pension Confident Podcast on YouTube Follow @PensionBee on X, Threads, Instagram, TikTok, Facebook and LinkedIn.
E24: How to start a business with Emilie Bellet, Jinesh Vohra and Lisa Picardo
Jan 28 2024
E24: How to start a business with Emilie Bellet, Jinesh Vohra and Lisa Picardo
Enjoying the podcast? Tell us what you think below and give us a rating. As always we’d love to hear your suggestions and feedback. Send us an email: podcast@pensionbee.com.   January is a time when many of us will naturally be thinking about various hopes and intentions for the year ahead. But what if your ambition is to launch your own business?  Starting a side hustle during a cost-of-living crisis isn’t for the faint of heart. After all, in the UK one in five new businesses fold in their first year, and over half of start-ups don’t make it past five years. But that doesn't mean it's impossible. Join our host, Philippa Lamb, and three fearless entrepreneurs as they discuss real-world tactics for bootstrapping your dream business: Founder and CEO of Vestpod, Emilie Bellet;Founder and CEO of Sprive, Jinesh Vohra; andCCO at PensionBee, but also Founder of childrenswear business Little Circle, Lisa Picardo.   Episode Breakdown:  01:50 The idea and first steps 09:08 Networking with the competition 11:48 Business planning 15:26 The pros and cons of co-founders 18:04 Managing your money effectively 22:04 Sole trader versus limited company 24:54 Common mistakes and expert advice   Further reading: To learn more about starting your own company, check out these articles from PensionBee: Episode 24 transcript The pros and cons of self-employmentWhat you should know about being your own boss Are the self-employed saving enough for retirement? How to manage your money when you’re self-employed Pension contributions from your limited company Six ways to reduce your tax bill as a limited company Sole trader vs limited company: how do the tax savings stack up?   Other useful resources:  Set up a business (GOV.UK)Online graphic design tool for businesses (Canva) Find the best accountant for your small business (Unbiased)Startup School for SeniorsThe Business Model Canvas (Strategyzer)     Catch up on the latest news, read our transcripts or watch on YouTube: The Pension Confident Podcast The Pension Confident Podcast on YouTube   Follow PensionBee (@PensionBee) on X, Threads, Instagram, TikTok, Facebook and LinkedIn. Follow Sprive (@SpriveApp) on X, Instagram, TikTok, Facebook and LinkedIn.  Follow Vestpod (@Vestpod) on X, Instagram, TikTok, Facebook and LinkedIn.
E23: Common financial mistakes and how to avoid them with Lynn Beattie, Ola Majekodunmi and Jasper Martens
Dec 13 2023
E23: Common financial mistakes and how to avoid them with Lynn Beattie, Ola Majekodunmi and Jasper Martens
We’re thrilled to announce that the series has won two Lovie Awards! We were recognised in both the ‘Best Series’ and ‘Best Branded Podcast or Segment’ categories. A big thank you to everyone who voted for us! If you didn’t get the chance to vote, why not tell us what you think by giving us a review and a rating? As always, you can send your suggestions and feedback to: podcast@pensionbee.com.    With Christmas around the corner it can be easy to go overboard. Before you know it, you may have spent a little too much and live to regret it come January. We’ve all been there, and we all make other financial mistakes. Sometimes they’re small, like lending a friend a tenner, knowing you’re unlikely to see it again. However, sometimes they can have a much bigger impact. It could be that you’ve bought a property that doesn’t fit the bill, or perhaps you’ve let your debts spiral out of control?  Even the money experts make mistakes and to talk us through theirs, and what we can all learn from our financial failures are:  Personal Finance Expert and Founder of Mrs MummyPenny; Lynn Beattie,Founder of financial literacy platform, All Things Money; Ola Majekodunmi, andCMO at PensionBee; Jasper Martens.    Episode Breakdown:  01:41 Team PensionBee’s financial mistakes  02:46 Shopping mistakes 08:44 Black Friday and other ‘sales’ 11:45 Not paying attention to your finances 12:22 Recurring payments and monthly subscriptions 15:18 Switching bank accounts 18:18 Pension apathy 24:24 Property mistakes 26:52 The effect of relationships on financial decisions.   Further reading: To help you avoid making some of the financial mistakes we talk about in this episode, check out these articles from PensionBee: Episode 23 transcriptCommon money mistakes and how to avoid them How to check your pension contributions How to save for retirement when ‘future you’ feels like a stranger Rethinking your pension savings during the cost of living crisis Avoid these pension mistakes in your 40s Six ways to start talking about money Five steps to plotting your personal finance roadmap   Other useful resources:  Camelcamelcamel price trackerIdealo price comparison websiteCurrent account switch guarantee Switching mobile phone provider (Ofcom)     Catch up on the latest news, read our transcripts or watch on YouTube: The Pension Confident PodcastThe Pension Confident Podcast on YouTube   Follow @PensionBee on X, Threads, Instagram, TikTok, Facebook and LinkedIn. Follow Ola (@allthingsmoney_) on X, Instagram, TikTok, Facebook and LinkedIn. Follow Lynn (@mrsmummypennyuk) on X, Instagram, TikTok, Facebook and LinkedIn.
BONUS EPISODE: Pension tips from the experts
Dec 3 2023
BONUS EPISODE: Pension tips from the experts
We’re thrilled to announce that the series has won two Lovie Awards! We were recognised in both the ‘Best Series’ and ‘Best Branded Podcast or Segment’ categories. A big thank you to everyone who voted for us!  If you didn’t get the chance to vote, why not tell us what you think by giving us a review and a rating? As always, you can send your suggestions and feedback to: podcast@pensionbee.com    On this special bonus episode of The Pension Confident Podcast, we’ve rounded up some of the best pension tips our guests have shared so far. From choosing the best time to withdraw from your pension to making the most of tax relief, hear important pension topics discussed by experts including:  PensionBee’s CEO; Romi Savova;Financial Times Consumer Editor; Claer Barrett;PensionBee’s Chief Engagement Officer; Clare Reilly;Money to the Masses Founder; Damien Fahy,PensionBee’s Head of Product; Martin Parzonka;Pensions and Lifetime Savings Association Head of Media Relations; Mark Smith;PensionBee’s VP Brand and Communications; Rachael Oku;This Girl Talks Money Founder; Ellie Austin-Williams; andPensionBee’s Director (VP) Public Relations; Becky O’Connor.    Episode Breakdown: 00:42 Getting started with your pension 01:51 Parental leave and pensions 02:52 Pension beneficiaries and tax 03:22 Your pension and the cost of living crisis 03:49 Taking your pension 04:36 Moving your pension pots 05:23 Pensions vs. ISAs.  Read the episode transcript.   Catch up on the latest news, read our transcripts or watch on YouTube: The Pension Confident Podcast The Pension Confident Podcast on YouTube Follow @PensionBee on X, Threads, Instagram, TikTok, Facebook and LinkedIn.
E22: Why is renting so expensive? With Jenny Lamb, David Byers and Becky O’Connor
Nov 28 2023
E22: Why is renting so expensive? With Jenny Lamb, David Byers and Becky O’Connor
We’re thrilled to announce that the series has won two Lovie Awards! We were recognised in both the ‘Best Series’ and ‘Best Branded Podcast or Segment’ categories. A big thank you to everyone who voted for us!  If you didn’t get the chance to vote, why not tell us what you think by giving us a review and a rating? As always, you can send your suggestions and feedback to: podcast@pensionbee.com    Renting has been a hot topic of debate throughout the cost of living crisis - and with good reason. The cost of privately renting a home has risen every month since November 2021, with the average price now 12% higher than this time last year. In this episode we take a look at the reasons behind this, what your rights are as a tenant or a landlord, and what needs to change to improve the housing market for everybody. Helping us to do so with their expertise are:  Policy Officer for Shelter; Jenny Lamb;Deputy Editor for Property at The Times ; David Byers, andDirector (VP) Public Affairs for PensionBee; Becky O’Connor.   Episode Breakdown*:  02:49 Recent national rental increases 03:35 How much are we spending on rent? 04:18 Housing supply and demand 06:05 Evictions and homelessness* 10:01 The impact on our other finances 11:18 The impact on older renters 13:24 Property as an alternative to a pension 15:54 Your rights as a tenant or landlord 18:36 Where to go if you’re struggling to pay 21:42 The Renters (Reform) Bill 24:50 Affordable housing. * We talk about Section 21 notices in this episode, but wanted to give you a clear explanation of what they are. A Section 21 notice can be used if a landlord wants their tenant to leave a property that they own. A landlord can only serve you this notice if your fixed-term tenancy has come to an end or if you’re in a periodic tenancy, but they don’t need a reason to make you leave. A landlord must give you at least two months’ notice to vacate the property. At the end of that period, if you haven’t left the property, the landlord can start the formal court process to formally evict you. This usually takes a number of weeks and could result in a court order that forces you to leave the property. You can see all the rules around Section 21 notices on gov.uk. If you’ve been served a Section 21 notice, you can see what your rights are on the Citizens Advice website.   Further reading: For more information on the key issues surrounding the home rental market, check out these resources. Episode 22 transcript Why has renting got so expensive?  Renters (Reform) bill (UK Parliament) Emergency grants, loans and money help (Shelter) Discretionary Housing Payments (Gov.uk)Council Tax Reduction (Gov.uk) Benefits calculator (Turn2us) Grants search (Turn2us)Housing issues (Citizens Advice) First-tier tribunal (Gov.uk).   Catch up on the latest news, read our transcripts or watch on YouTube: The Pension Confident Podcast The Pension Confident Podcast on YouTube Follow @PensionBee on X, Threads, Instagram, TikTok, Facebook and LinkedIn. Follow @sheltercharity on X (@Shelter), Instagram, TikTok, Facebook and LinkedIn. Follow Jenny on LinkedIn. Follow David on X and LinkedIn.
E21: Why don’t women invest? With Ayesha Ofori, Anna-Sophie Hartvigsen and Lara Oyesanya FRSA
Oct 29 2023
E21: Why don’t women invest? With Ayesha Ofori, Anna-Sophie Hartvigsen and Lara Oyesanya FRSA
Enjoying the podcast?! Tell us what you think below and give us a rating. As always we’d love to hear your suggestions and feedback. Send us an email: podcast@pensionbee.com    Did you know that as well as a gender pay gap and a gender pension gap, there’s also a gender investment gap? According to investment website; Boring Money, in the UK there’s nearly £600 billion more in men’s investment accounts than women’s! Only a third of UK women say they feel confident dealing with their finances. But, is a lack of confidence the reason why only 48% of women invest in the stock market compared to 66% of men, or are other factors at play? To help us explore why women are less likely to invest are this month’s expert guests:  Founder and CEO of Propelle; Ayesha Ofori,Co-Founder of Female Invest; Anna-Sophie Hartvigsen, andIndependent Non-Executive Director for PensionBee; Lara Oyesanya FRSA.   Episode Breakdown:  02:00 Why’s it important for women to invest? 03:15 Brief history of financial gender inequality 04:51 Saving vs investing 06:58 Why women are less likely to invest than men  08:46 Are women less likely to take risks?   14:24 Financial education for women  17:26 Pensions are investments  19:34 Who can invest? 22:03 Our guests first investments 26:07 Long-term thinking.    * We mention Boring Money’s research shows a £600 billion gender investment gap worldwide - this figure actually only covers the UK!  The figures mentioned for the potential returns of savings vs investments were calculated using Santander’s savings and investments calculator. The results were based on taking medium risk and the ‘realistic’ expectation of growth. However, returns can be higher or lower. These are just examples and aren’t guaranteed.    Further reading: For more information on the key issues affecting women and their finances, check out these resources from PensionBee. Episode 21 transcriptWhy aren’t women investing?  Why closing the gender investing gap matters for impact investing Can financial education platforms help close the gender financial literacy gap? How important is financial independence? How can we improve financial health amongst women? Building your financial resilienceEpisode 3: How do we tackle the gender pension gap?   Other useful resources: PropelleFemale Invest The history of women and money (GoHenry)Equal Pay Act 1970 (Gov.uk) Girls get less pocket money than boys (Netmums)Girls just wanna have funds (Female Invest book) Savings and investments calculator (Santander)     Catch up on the latest news, read our transcripts or watch on YouTube: The Pension Confident PodcastThe Pension Confident Podcast on YouTube   Follow @PensionBee on X, Threads, Instagram, TikTok, Facebook and LinkedIn. Follow Ayesha on Instagram and LinkedIn. Follow Anna (@hartvigsen_anna) on X, Instagram and LinkedIn. Follow Lara on LinkedIn.
E20: What to do when someone dies with Simon Levy, Justin Harper and Jaypee Soule
Sep 27 2023
E20: What to do when someone dies with Simon Levy, Justin Harper and Jaypee Soule
Enjoying the podcast? Don’t forget to rate and give us a review! As always we’d love to hear your suggestions and feedback. Send us an email: podcast@pensionbee.com    As we all know, there are only two certainties in life - death and taxes - and going through the admin when someone dies can be a slow and expensive process. That’s why it’s a good idea to think about where you’d like your own money and personal belongings to go in advance to avoid making it complicated for those you leave behind.   In this episode, we discuss all the useful things you can do to make sure you’ve got your own affairs in order - from wills and to life insurance, to pension beneficiaries. We also talk about what's important to address when you’re dealing with somebody else's estate.   Helping us to do this are our three expert guests: Solicitor for Frank Brazell & Partners and Free Wills Month; Simon Levy,CMO at  LifeSearch; Justin Harper, andPensionBee’s Head of Second Line Compliance; Jaypee Soule.   Episode Breakdown:  03:16 Executors and beneficiaries 03:51 Keeping things organised for your loved ones 08:25 Lasting powers of attorney 09:54 Letters of wishes 11:21 Prepayment funerals 12:36 Life insurance  13:21 Inheritance tax 15:29 Pension beneficiaries  18:25 Writing a will 22:06 What are the rules of intestacy? 27:18 First steps when a loved one passes away 28:06 Tell Us Once service 29:37 What’s probate? *We talk about what happens to your pension after death in this episode. We want to be clear that we’re referring to defined contribution pensions. Here are a few more things to know: If the deceased is under 75 years old, and the pension proceeds are paid within two years of the provider knowing of the customer’s death, then their beneficiaries can get the money tax-free.From 2026, if the deceased is under 75 years old, tax may be charged to the beneficiaries if the deceased has reached their lifetime allowance. Find out what  the current pension lifetime allowance is.If the deceased is aged 75 or above, the pension proceeds are taxable at the marginal rate of the beneficiary’s income tax. *We want to be clear that your pension isn’t legally considered part of your estate, so isn’t covered by your will. However, mentioning your pension in your will may help to eliminate any doubt over your wishes, though it’s recommended that you still contact your pension provider to add your beneficiaries to your policy.   Further reading: For more help dealing with the admin when someone passes away, check out these resources from PensionBee. Episode 20 transcript Pension death benefits  Pension rules after death Pension beneficiaries What happens to your pension when you die? Your guide to writing your will How your pension can save you inheritance tax. Other useful resources:  LifeSearchFree Wills Month Cheap and free wills (Money Saving Expert) Tell Us Once (GOV.UK) The LifeBook (Age UK)The Last Word report 8 Best Password Managers (Forbes)Learn more about intestacy - the process that occurs when someone dies without a will.   Catch up on the latest news, read our transcripts or watch on YouTube: The Pension Confident PodcastThe Pension Confident Podcast on YouTube Follow @PensionBee on X, Threads, Instagram, TikTok, Facebook and LinkedIn. Follow @LifeSearch on X, Instagram, Facebook and LinkedIn.
BONUS EPISODE: Personal finance tips from the experts part one
Sep 3 2023
BONUS EPISODE: Personal finance tips from the experts part one
Enjoying the podcast? Then don’t forget to rate and give us a review! As always we’d love to hear your suggestions and feedback. Send us an email: podcast@pensionbee.com    On this special bonus episode of The Pension Confident Podcast, we’ve rounded up some of the best personal finance tips our guests have shared so far. From the power of compound interest to understanding credit ratings and ISAs. On this episode we’ll hear a range of important financial topics discussed by experts including:   Founder of Money to the Masses; Damien FahyFounder of The Humble Penny and Financial Joy Academy; Ken OkoroaforFounder of The Money Whisperer; Emma MaslinFounder of Mrs MummyPenny; Lynn Beattie.Founder of Mr MoneyJar; Timi Merriman-JohnsonPersonal Finance Expert and Blogger at This Girl Talks Money; Ellie Austin-WilliamsCEO and Co-Founder of Bloom Money; Nina MohantyConsumer Editor at the Financial Times, Author and Host of the Money Clinic Podcast; Claer BarrettFinancial Expert,  Author and Host of The Conversation of Money Podcast; Peter Komolafe. Read the episode transcript here.    Episode Breakdown:  00:44 Tax relief on pension contributions 01:17 Making pension contributions as a limited company 01:51 Compound interest 03:09 Automating your savings 03:51 Saving money when you’re single 04:48 Credit ratings 05:54 Stocks & Shares ISAs 06:43 Understanding different types of ISAs   Catch up on the latest news, read our transcripts or watch on YouTube: The Pension Confident Podcast The Pension Confident Podcast on YouTube Follow @PensionBee on X, Threads, Instagram, TikTok, Facebook and LinkedIn.
BONUS EPISODE: The best from our guests with Philippa Lamb and Lucy Greenwell
Aug 20 2023
BONUS EPISODE: The best from our guests with Philippa Lamb and Lucy Greenwell
Enjoying the podcast? Then don’t forget to rate and give us a review! As always we’d love to hear your suggestions and feedback. Send us an email: podcast@pensionbee.com   On this special bonus episode of The Pension Confident Podcast, we’re turning the mic around on our Host; Philippa Lamb, to hear her favourite moments from the podcast so far.  We’ve had some brilliant guests - from CEOs to campaigners, barristers to financial influencers, along with some of our favourite in-house PensionBee experts. On this episode we’ll hear a range of important financial topics discussed from the likes of:   CCO of the Financial Services Compensation Scheme (FSCS); Lila PlebanFounder of The Money Whisperer; Emma MaslinCEO of Bloom Money; Nina MohantyHead of Communications at the FSCS; Emma BarrowCo-Founder of Islamic Finance Guru; Ibrahim KhanBarrister, Mediator, Family Arbitrator, and Spokesperson for Advocate; Paul InfieldPersonal Finance Expert and Blogger at This Girl Talks Money; Ellie Austin-Williams Read the episode transcript here.   Episode Breakdown:  02:02 Credit card debt and money worries 04:51 Reducing the gender pension gap for our children  06:52 Credit scores and credit invisibility 10:10 Shariah investing 14:25 The financial risk of ‘Common law marriage’    Catch up on the latest news, read our transcripts or watch on YouTube: The Pension Confident Podcast The Pension Confident Podcast on YouTube Follow @PensionBee on X, Instagram, TikTok, Facebook, Threads and LinkedIn.
E19: Can you afford to have kids? With Justine Roberts CBE, Kalpana Fitzpatrick and Jonathan Lister Parsons
Jul 30 2023
E19: Can you afford to have kids? With Justine Roberts CBE, Kalpana Fitzpatrick and Jonathan Lister Parsons
Enjoying the podcast? Then don’t forget to rate and give us a review! As always we’d love to hear your suggestions and feedback. Send us an email: podcast@pensionbee.com    Having children can be one of the most wonderful and rewarding things you’ll ever do, and it’s impossible to put a price on all the joy that kids can bring you. However, there’s no denying the impact that bringing up a family can have on your finances. Having a child can be a huge financial commitment. According to The Times, it’ll take an average of nearly £203,000 to raise a child from birth to the age of 18. And it won’t necessarily stop there, you might find yourself spending on your kids from before they’re born until well into their adult lives. Add to that, the effects on your income that taking parental leave may bring - you might not know where to begin!  To talk through all the costs involved with having children and whether raising a family’s currently affordable are our guests: CEO of Mumsnet; Justine Roberts CBEFinancial Journalist and Senior Digital Editor at MoneyWeek; Kalpana FitzpatrickPensionBee’s CTO; Jonathan Lister Parsons.   Episode Breakdown:  02:12 Can you predict how much a baby will cost?  07:48 Statutory Maternity Pay 09:42 The problem with parental leave  11:56 Statutory Adoption Pay and Leave  12:46 The cost of childcare 14:58 Tax-Free Childcare Allowance 15:37 Child Benefit 20:37 Costs as your kids grow up 24:38 Paying for higher education. *We mention maternity pay in this episode and just wanted to be absolutely clear with the figures: Statutory Maternity Pay’s paid up to 39 weeksYou get 90% of your average weekly earnings for the first six weeksYou get the lower of £172.48 or 90% of your average weekly earnings for the following 33 weeks.  *We also accidentally overstated the amount of Shared Parental Leave that you may be entitled to. We said you’d get a year, but it’s actually up to 50 weeks of leave between parents.  *We state that the UK has the highest childcare costs in the Organisation for Economic Co-operation and Development (OECD). Though this has been true as recently as 2022, the UK currently ranks third. However, this number’s ever changing.    Further reading: For more help getting financially prepared for raising a family, check out these resources from PensionBee. Episode 19 transcript Can you afford to have a baby? Pensionbee’s research on fair sharing of childcarePensionBee Parental Leave Policy What I learned about mothers and their pensions from answering Mumsnet questions How to financially plan for a baby How stay at home mums can build a decent pension What happens to your pension during maternity leave? Finances for freelancers on maternity leave How can I get my pension back on track after taking time off to have children? Why parents need to make a Child Benefit claim to protect their State Pension Other useful resources:  MumsnetStatutory Maternity Pay and Leave (Gov.uk)Statutory Paternity Pay and Leave (Gov.uk)Statutory Adoption Pay and Leave (Gov.uk)Disability Living Allowance for children (Gov.uk)Tax-Free Childcare (Gov.uk)Child Benefit (Gov.uk) Boosting paternity leave has economic benefits (Pregnant Then Screwed) Average childcare costs (MoneyHelper) Transparency on parental pay (ABI)   Catch up on the latest news, read our transcripts or watch on YouTube: The Pension Confident PodcastThe Pension Confident Podcast on YouTube Follow @PensionBee on X, Instagram, TikTok, Facebook, Threads and LinkedIn. Follow @Mumsnet on X, Instagram, Facebook, TikTok and LinkedIn Follow @KalpanaFitzpatrick on LinkedIn, X, Instagram and TikTok