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This is Money Podcast

How to get a better pension: Steve Webb answers your questions

10 Sep 2022

Description

This is Money's pensions guru Steve Webb racked up his 300th column answering readers' questions this week. Over the past six years, Steve, with the help of pension and investing editor Tanya Jefferies, has been guiding readers through the retirement maze - with his column regularly among the most popular stories of the week. To celebrate his 300th column, Steve joins Tanya, Georgie Frost and Simon Lambert for a special podcast episode to answer your questions. It's a dive into much of what you need to know about pensions, ranging from saving for retirement, to investing in your pension years and, of course, the state pension and triple lock. Among the questions on the agenda are: Is it better to put money into my pension or pay my house off quicker? Why do people retiring under the new post-2016 system get higher payments than me? My 41-year-old son has started a new job on a four year contract but there is no pension scheme, is that legal? My pension was valued at £94,000 last year now its worth £74,000 - and I was about to take my 25% lump sum , what can I do? I paid £692 into my work pension last month and within ten days my fund had lost over £800, am I throwing good money after bad? Steve and the This is Money podcast team answer all these questions and more and discuss the issues involved.

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