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This is Money Podcast

Pension gurus on top-ups and sums behind a comfortable retirement

07 Mar 2025

Description

People with gaps in their state pension records have just one more month to take advantage of a special offer to buy missing years going as far back as 2006. As long as you get your payment or a callback request in by 5 April you can still benefit from the deal, but after that you will only be able to fill gaps from the past six years. And many are facing a backlog with payments in limbo – so what's going on? This week pension gurus Sir Steve Webb and Tanya Jefferies join Lee Boyce and Georgie Frost to talk all things retirement. How can people save sufficiently to provide an income in retirement which they cannot even earn in salary? Steve replies to this tricky question. The state pension is going up in a month, with the headline rate at 4.1 per cent thanks to the triple lock. But Tanya reveals that elements of it are only going up 1.7 per cent... and does Sir Steve think the triple lock will survive? We're on the precipice of Billmageddon with council tax, water bills, train fares, car tax, telecoms and even stamp duty rising – can you dodge the worst of the rises? And Lee has five top tips for bidding at online auctions to pick up genuine bargains… but just remember the fees, no tweed required. 

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