In this episode we have Pete Matthew a 27-year veteran Chartered Financial Planner and the creator of Meaningful Money where he has developed over 600 videos and 550 podcast episodes, helping countless people understand how money works and how to make it work for them and he's the author of "The Meaningful Money Handbook". In this episode we discuss: - Stocks and Shares ISA vs Workplace Pensions v SIPPs - How to much money you need in your pension to retire - What to invest in your pension - Living now vs investing in your pension - How to avoid the UK Pension crisis and much more Connect with Pete: https://www.youtube.com/@MeaningfulMoney https://meaningfulmoney.tv/ 📩 Sign up to my mailing list to be the first to know about upcoming events: http://eepurl.com/hJEcLL 🤝 Sponsor Yesim - Get €5 off any plan with my code: savvy5 https://bit.ly/41OAO6i Tide - Earn 3.81% AER Variable on your business savings here: https://glnk.io/91954/ato8fr You'll get a free £100 when you use the code ‘SAVVYWALLET' and fund the Instant Savings Account with £5,000 within the first 30 days. Ts&C's apply. New Tide members receive a 0.77% AER boost on the standard 3.04% AER on unlimited balances until 01/06/25, after that the standard rate applies with no interest earned on balances over £75,000. Rates correct as of 06/02/2025. Terms and conditions apply. Visit tide.co/savings for up to date rates. Invoice Home - Create a FREE invoice with hundreds of templates here: https://invoicehome.com/to/savvy-wallet-audio ➡️ Follow Savvy Wallet on: Instagram: https://www.instagram.com/savvywallet TikTok: https://www.tiktok.com/@savvywallet 🤝Partners Check out our partners who offer Stocks and Shares ISA and more: ⚡️Hargreaves Lansdown ⚡️ http://hl.7eer.net/B0mz50 Capital at risk ⚡️Interactive Investor ⚡️ https://prf.hn/click/camref:1101l3RTLM/ar:SW Capital at risk Some of the links are affiliate links which means that we will receive a small commission if you make a purchase, however there will be no additional charge to you. 00:00 - Preview 01:19 - Intro 01:55 - Meet Chartered Financial Planner Pete Matthews 05:44 - Money advice that changed my life 10:56 - Yesim Ad 12:01 - Why pensions are so powerful 18:30 - How does money in a pension grow 21:51 - Tide Ad 23:16 - Cons of putting money into a pension 27:53 - What’s the difference between a stocks and shares ISA and Pensions 30:08 - The amount you can put into a pension without getting taxed 34:57 - Invoice Home ad 35:57 - What’s a Self Invested Personal Pensions (SIPP) ? 38:08 - This is the problem with a workplace pension… 39:10 - Why you need to contribute to your pensions 39:59 - What investments should you have in your pension? 48:39 - How does your investing strategy change approaching retirement? 58:20 - Example: How much pension would A 35 year old with a £37k salary get? 01:05:25 - How to figure out how much you need when retired? 01:08:39 - How to reduce tax with a pension if you’re self-employed 01:12:06 - Why is it important to invest early in your pension 01:15:54 - How to balance living for now vs investing in your pension 01:18:58 - How to minimise your pensions fees 01:22:26 - You don’t need more than one pension pot 01:25:38 - UK Pension Crisis 01:30:30 - What to consider aside from pension 01:37:46 - Budget changes for the pension 01:42:22 - Pete’s Pension book 01:44:26 - Final Words #FinancialPlanning Learn more about your ad choices. Visit megaphone.fm/adchoices

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