6 Pension Secrets That Could Get You an Extra £10,000 or More | This Morning

[@Sanchyfab]

Financial planning and retirement strategies are crucial, especially in today's economic climate. With global economic fluctuations and uncertainties, it's essential to have a solid plan in place to protect your financial future.

[@Sanchyfab]

the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skills and knowledge

[@camela8445Mar]

Consulting with a financial advisor can provide personalized insights and help align your investment strategy with your retirement goals.

[@camela8445Mar]

Consider diversifying your portfolio with a mix of stocks and stable assets. Seeking professional advice now could provide valuable insights and strategies to navigate market uncertainties and protect your investments.

[@Deitricklaverne]

Agreed, I've always delegated my excesses to an advisor, since suffering major portfolio loss early 2020, amid covid outbreak. I'm now semi-retired and only work 7.5 hours a week, with barely 25% short of my $1m retirement goal after subsequent investments to date.

[@Deitricklaverne]

My CFA, Joseph Nick Cahill is a renowned figure in his field. I recommend researching his name online; you'll find all his credentials and everything you need to work with a reliable professional. With many years of experience, he is a valuable resource for anyone looking to navigate the financial market.

[@YinusaSaheed]

I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.

[@YinusaSaheed]

@imohimoh3441 That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well

[@FernandoBowen-78]

@imohimoh3441 The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?

[@YinusaSaheed]

@imohimoh3441 I will give this a look, thanks a bunch for sharing.

[@jetvdna5449]

Move out of Europe

[@elizabethsmith4580]

Scam thread again???

[@Riggsnic_co]

I believe the retirement crisis will get even worse. Many struggle to save due to low wages, rising prices, and exorbitant rents. With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement either.

[@kevinmarten]

Got it! Buying stocks during a recession when prices are down could be a good move. You might get them at a lower price and sell later when they go up. Just do your homework and be aware of the risks before diving in!

[@Jamessmith-12]

That's awesome! Investing in stocks with a reliable trading system can lead to great outcomes. It's fantastic that you've been working with a financial advisor for a year now. Starting with less than $200K and being just $19,000 away from making half a million in profit is impressive! Keep up the good work!

[@kevinmarten]

Mind if I ask you to recommend this particular coach you using their service?

[@Jamessmith-12]

Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

[@kevinmarten]

She appears to be well-educated and well-read. I ran a Google search for her name and came across her website; thank you for sharing.

[@wendyjones3953]

I paid £2500 last year. From next month I will now get the FULL pension. When I cut my hours to part-time, I didn’t understand how important it was to continue paying N.I. If I had done so, it would have been an awful lot cheaper! Why weren’t we taught these things at School? Even lots of kids today who have done Business Studies have not been taught about Income Tax, Pensions, National Insurance contributions and the different rates. Surely this is a better life skill than some of the nonsense they have to sit through at School! What’s the point of Business Studies if you don’t know the basics of running your own business, or being able to check an employer is doing the right thing for you.

[@ddraig1957]

I've been caught out by this. I paid 39 years full NI but because I retired 7 years before my state pension age I don't get the full pension.I suspect DWP hide the facts to save the Government money

[@Browngeezer]

They only teach you to be a good hard worker and pay your taxes they want do’ers not thinkers..

[@steve6375]

@@wendyjones3953 I agree, but school kids won't need to think about this until many years later by which time the rules will have changed. It should be compulsory in your final year at school

[@nicolasbenson009]

We experienced the peak of our era, and now it is gone. Recession is tanking everything including 401K. My retirement equities portfolio of $750K is in the reds. I keep losing because of inflation. This world will fall to the corrupt rulers in the same way that Rome did. I'm sorry if you're thinking about retiring and you're worried that your pension won't be enough to meet the rising cost of living. Horrible foreign policies everywhere, bad regulatory policy, bad fiscal policy, and bad energy policy.

[@sharonwinson-m8g]

For the average person, the strategies are fairly demanding. In actuality, most professionals who have the necessary abilities and knowledge to complete such occupations do so successfully.

[@tatianastarcic]

People often overlook the value of financial advisors until they experience the downside of emotional decision-making. I recall a few summers ago, after a difficult divorce, when I needed help reviving my struggling business. I did some research and found a licensed advisor who worked diligently to grow my reserves, even amid inflation. As a result, my reserves grew from $275k to around $750k.

[@Vincent-j8u]

Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?

[@tatianastarcic]

Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Melissa Terri Swayne for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.

[@TinaJames222]

Thank you for this tip. It was easy to find your coach on web. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.

[@BuriramBaz]

Martin Lewis is a top notch bloke.👍

[@steve6375]

Why aren't pension companies legally obliged to send out annual statements even if it is a 'dormant' account (and trace your address if post is returned as 'unknown')? Banks are obliged to do this and the amounts are generally much smaller. They have been getting away with it for far too long! Combine this with no compulsory central register and the whole thing is a disgrace! We need to know about these dormant pensions and how they are invested. Some have a very poor rate of interest and we should have control over this or at least have the opportunity to transfer it, but how can we do this if we don't even know about it. There is also the issue of a deceased husband/wife - if we don't know about our partners old pensions and they die before 60/65, the money due can't be claimed. It is only when that account approaches the retirement age for the policy that the pension company attempts to contact anyone. If you have been entitled to payments (e.g. child benefit during school age) and then later you find out about the old pension of your deceased partner, the pension company will often not pay you any interest on the missed benefit payments. Again they get away with it!

[@brianlentz2080]

Dormant is down to you to you, the leaver. The Gov were going to do a dashboard of all pensions, question is why have the still failed after decades of talking about it.

[@steve6375]

@@brianlentz2080 why is it down to us to keep track of a dormant pension company that has changed ownership and name 5 times in 20 years? The gov have started a register, but it is voluntary to be on it. About as useful as a chocolate fireguard!

[@cristianbartt1261]

A: Pension contribution is not about "dead money" but investments, assets about the Gov don't want you to know, in order they to have full control and you not asking for "refunding". Which you are entitled if got any contribution.CB, 10/10/2024

[@ThomasJeffersonEdison]

victoria flores was my hope during the 'bear summer' last year. I did so many mistakes but also learned so much from it, and of course from victoria Flores.

[@Dominic-wp4rn]

success 200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with 24k in last month 2024

[@FrankBenjamin-l3b]

You trade ?? Wow that's huge, how do you make that much monthly?

[@chinyerejoseph8004]

flores approaches trading in a completely unique way. I'm puzzled by her methods. She just seems to have an innate understanding of this trading world.

[@ThomasJeffersonEdison]

*_I will leave her info below this comment_*

[@ThomasJeffersonEdison]

She's mostly on Telegrams, using the user name .....

[@AlexMacallister-fl1vl]

27 billion pounds worth of lost pension is insane.

[@knowledgeseeker5499]

Don’t worry it will spent on funding wars and won’t be used inside UK if no one claims 😜

[@user-ns5yn8ux2u]

I think that if people die before they get their pension, then a certain number of years should be given to a family member. Why should the government take money out of your salary, for you to die before you can start claiming it.

[@wolfielover1172]

That’s what the government hope for ! Hence increasing pension age because more people will die before the government has to pay out !

[@angieD9674]

Exactly at last someone else is saying this!!....Its unfair they get away with this!!!

[@Susanhartman.]

Most people don’t realise it, but the secret to retiring comfortably is finding a way to make returns while your money works for you. My dad, as I remember, started saving for retirement quite late, but I know he was making more than 10k returns from his investment monthly and it was completely passive.

[@Grace.milburn]

This is really amazing though. I'm curious as to how he did it. Was it real estate? Or he was a market enthusiast?

[@Susanhartman.]

Haha. Investing enthusiast? Not really. Our family got introduced to a financial advisor about four years before my dad retired. That was what changed things. I've been using the same now and I think my retirement income would be on the right track.

[@ThomasChai05]

@@Susanhartman.I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?

[@Susanhartman.]

Credits goes to " Izella Annette Anderson " one of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.

[@mikegarvey17]

Thank you for sharing, I must say, Izella appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled a call.

[@yamyam3905]

I could have paid £3,000 to get maximum pension but decided against it and im glad i did . I got the state pension rise in April which was £63 a month , i had my P60 come in the post and it informed me i would be paying an extra £55 in tax so my monthly increase was £8 so im glad i didn't pay the £3,000 which i would have lost i would have been paying even more tax .

[@PremSteve-yg4de]

Recently, I've been pondering retirement, unsure if my 401(k) and IRA will provide a stable future. I've also put $800K into the stock market, encountering fluctuations with limited gains. i need an approach that will align with my risk tolerance and financial goals

[@valeriepierre9778]

Using a 401(k) or IRA is a valuable strategy for retirement planning, providing potential savings growth and tax advantages. While the stock market is promising, expert guidance is essential for effective portfolio management

[@fresnaygermain8180]

Opting for an inves-tment advisr is currently the optimal approach for navigating the stock market, particularly for those nearing retirement. I've been consulting with a coach for a while, and my portfolio has surged by 85% since 2022

[@edelineguillet2121]

Do you mind sharing info on the adviser who assisted you?

[@fresnaygermain8180]

Sharon Marissa Wolfe is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

[@yolanderiche7476]

Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

[@alisonwunderland5847]

Martin, when I reached retirement age, I claimed my state pension. There was no record of me! I had all my records going back over 40 years. I phoned my local DWP office, gave them my National Insurance number that I have had forever, to be told the number belonged to someone else. The DWP officer would not tell me to whom the number now belonged. I did manage to get that it belonged to a woman in South Wales. In challenging this ‘error’ I was told to send in my birth certificate as proof of identity plus earlier documents. To prove my claim to the number. I sent a colour copy of my birth certificate, but it was returned demanding the original. Reluctantly I sent it by registered post, it was never returned to me. I wrote to the Secretary of State, who sent me a replacement, nothing like the original. The replacement had printed on it in large red letters, “This is not proof of identity”. So what was the point of asking for it in the first place?

[@Aurierserge50]

This is my fifth year after retirement. I’ve been following the 4% rule thing, but this isn’t really how hard I expected things to be. I still have about $460k outside funds in my IRA to invest in stocks. Pls how do I take advantage of this?

[@Jaymilnere]

Now you are retired and depend on your investment, it’s best you redistribute your capital. To simplify the process, you could allocate your resources with the help of a financial advisor.

[@hullbruce]

@@Jaymilnere Right, a lot of folks downplay the role of advisors until being burnt by their emotions, no offense. I remember some years back, during the covid-outbreak, I needed a good boost to stay afloat, hence researched for advisors and thankfully came across one with grit. As of today, my cash reserve has yielded from $350k to nearly $1m

[@Aurierserge50]

@@hullbruce Mind if I ask you to recommend this particular coach you using their service ?

[@hullbruce]

@@Aurierserge50 Sure, Alicia Estela Cabouli is the licensed advisor I use. Just research the name. You’d find necessary details on the web to set up an appointment..

[@Aurierserge50]

Thanks for sharing. I searched her full name and found her website instantly. After reviewing her credentials and conducting due diligence, I reached out to her.

[@PrinceFluffy]

Pension company contacted me about a company pension from the 80's, i worked for the company from 79-88 and received 25k......this was after i had moved house six times....

[@coderider3022]

Power of compounding interest is amazing.

[@TheDavecroft]

Most people won't bother even though the returns can be massive. They simply don't want to send the tax man any money! It goes against their principles. We have a strange and uneducated approach to tax in the UK, I've even known people to refuse a pay rise because it means they will 'pay more tax'!

[@DreamClean]

That's people not understanding how tax bands work.

[@knowledgeseeker5499]

Poor math skills cost thousands of pounds 😂

[@palmtree-e2l]

Sometimes it's not worth the effort though. If you get a promotion with more stress but most of your increased pay gets taken away in tax, especially between £100k-£125k you might be better off staying where you are and having an easier life.

[@suzanneturley4433]

My now late step-son told me about the late pension and encouraged me to contact the then Pension Department. We did this over lunch and before the end of our meal it was sorted. Bless him.

[@jonathansimmonds5784]

I did all that, wish I hadn't, I now can't claim pension credit because my state pension is too high to qualify!! You don't take that into account do you Mr money saving expert!! I've lost out on free everything thanks to you.

[@TheThinker-ce5kq]

Don’t worry. When it’s means tested nearly everyone will lose out anyway.

[@autoclearanceuk7191]

Five years ago, I was on Universal Credit for over one year. I was not credited NI contributions for that year. Has this error been rectified by the DWP ?

[@timg1246]

You can check that via the 'Government Gateway', mentioned in the video. There will be a list of every year since you reached working age. It will show for every year whether a contribution is registered. Alternatively, you can call and ask for a statement to be sent to you. However, that may not list each year, just totals.

[@suewright1299]

Very many thanks indeed Martin, you are an absolute Godsend! Bless you 😊

[@ronnied4258]

My wife and I retired, we tried to claim pension from a council we worked for and left in 1996, I worked for 6 years wife for 8, we gave our Names, DOB, NI numbers, address and everything needed. after a few weeks we were told "There is No Record of you working with the council" not just myself but wife as well and we worked in different departments. We did not keep old wage slips etc.

[@dereksmallsuk]

Councils are all corrupt liars. Get a solicitor involved

[@sid35gb]

Pension tracing service is not very helpful unless you have account number of the pension.

[@timharper4707]

I used it to trace my Mum's old pension without those details. Just provided name of employer, years worked and her details.

[@guyr7351]

Wish I could get my wife to check hers, she’s nearly 64 and I keep telling her if there’s nothing there fine at least check. I have kept on top of mine and know where my funds are. Seems crazy she can’t motivate herself to do it.

[@wendyjones3953]

@@guyr7351It might ease your household’s outgoings, so perhaps she might let YOU enquire on her behalf. My son did all my research after I gave him the necessary information. I’d had illhealth for years and was also grieving for lost ones, so paperwork regarding my pension seemed the least of my worries. Luckily my son knew it would make a big difference to me. He was right! I start collecting my FULL pension shortly. I’m sure your wife will be happy at the end of the day if she has extra money coming in. Good luck.

[@marylynch951]

Thanks Martin Very informative

[@Aarrenrhonda3]

Awesome! I appreciate your viewpoint. I currently earn $600k per year. I have no home or investments, and my job is in New York because I work from home. I need to act quickly or else I'll owe the IRS thousands of dollars come tax season. What should I do?

[@Peterl4290]

To better understand the factors that could affect your finances as a beginner. To make the best decision, speak with a financial professional. They have a wealth of information regarding both current events and upcoming developments.

[@larrypaul-cw9nk]

Haha. Investing enthusiast? Not really. Our family got introduced to a financial advisor about four years before my dad retired. That was what changed things. I've been using the same now and I think my retirement income would be on the right track.

[@sabastinenoah]

I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?

[@larrypaul-cw9nk]

The advisor that guides me is Annette Christine Conte, most likely the internet is where to find her basic info, just search her name. She's established.

[@sabastinenoah]

Thank you for sharing, I must say, she appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled a call.

[@ravinloon58]

The saddest thing is all this stuff happens when you are already dealing with massive changes. Older people have learned they can't trust other people with their money and may well not have anyone to turn to for help. If only we all had a Martin Lewis in our family... such knowledge and passion but more importantly a commitment to getting the best for you (not him).

[@Rudy_Nuff]

Brilliant advice. Thank you Martin .

[@poolsnookered3446]

Don't over purchase!! I purchased missed years in the 90s. Now, as I approach retirement, ive got too many years, so it was all wasted money spent.

[@grahamheath9957]

Exactly right, but he was only suggesting to check your record and read up to plan what you should do.

[@paulbaldock8]

Don’t over purchase…….. you are absolutely right about that. Even if you haven’t got full contributions you probably could claim pension credits to make up the difference?

[@guyr7351]

You just need to ensure you get enough qualifying years in, there is no extra payment for having paid for 40 or 45 years. You need to keep in mind if you’re still working that you will be getting further years. Some years may need less than £50 to top up.

[@albedo0point39]

It might still make sense. A lot of people were in ‘contracted out’ pensions for some years… even though they count towards your years, you don’t get the full benefit. Going over years fixes this.

[@guyr7351]

Well for a good few years mine has said fully paid up and full state pension due next Feb. Checked the other week and said they are reviewing my records and I cannot get info until 20th this month. Just have a feeling that they will somehow turn round and say I need to top up. “Computer error” no doubt will be the excuse

[@Talboy-p4e]

unfortunately Tax very high in UK Unbelievable taxing pensions No wonder Nobody doing pensions any more No future Nothing left

[@Erikkurilla01]

In the 1990s I sold pensions on the strenght that the tax free lump sum would pay off most if not all of the mortgage and leave the investor with a pension for life. Most were over a 40 year term plus, I was not alone.

[@jessicasquire]

The approach of selling pensions with the promise that a tax-free lump sum would pay off mortgages and provide a lifelong pension was common in the 1990s. However, many factors can affect the outcome, including changes in the housing market and interest rates. It's crucial for investors to seek personalized advice and consider diversified financial strategies to ensure long-term financial stability.

[@Lemariecooper]

it's vital for investors to seek personalized advice and adopt diversified financial strategies. Working with a knowledgeable financial adviser is crucial for achieving long-term financial stability and freedom

[@Lemariecooper]

I've experimented with a few over the past years, but I've stuck with ‘’Nicole Anastasia Plumlee” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.

[@MaximilianFischer497]

This is my fifth year since retirement. but this isn’t really how hard I expected things to be. I still have about $460,000 of debt in my IRA to invest in stocks. How can I use the market turnaround?

[@RowanBryson]

Now you are retired and depend on your investment, it’s best you redistribute your capital. To simplify the process, you could allocate your resources with the help of a financial advisor.

[@TicheDebb0]

Many people downplay the role of financial advisors until they are burned by their own emotions. I needed a good boost to help my business stay afloat. So I searched for fiduciary financial advisors and found someone with due diligence who did a great job of helping me grow my savings from $275,000 to $850,000 so far.

[@MarshalWagner457]

Your advisor must be really good. How I can get in touch? My retirement portfolio's decline is a concern, and I could use some guidance.

[@TicheDebb0]

I work with Rebecca Noblett Roberts who is a licensed fiduciary. Just look up the name. All the information you need to work with a letter to set up an appointment is included.

[@vince9080h]

Thank you so much! This is exactly what I needed right now. I wrote her an email and am waiting for her reply. Hopefully, she responds soon. I plan to start the year on a strong financial note.

[@ianpearce6179]

Checked NI gaps but states they are actively dealing with this - they are not!!

[@simonlunt353]

The biggest question is if nobody comes forward for these pensions WHO gets all this money 😏

[@kimballentyne3482]

Forgot to include Ukraine and the owners of BIG PHARMA etc.

[@simplehumanalogy6131]

Thanks Martin and itv.

[@Bagpuss7]

Great advice 😊Thankyou 👏🇬🇧

[@stanleystuart2008]

If you have done your 35 yrs full pension will be paid if you buy additional years and takes you over the tax level don't buy it it's not worth it

[@caitlynpotter]

I am so happy that i made a productive decision about my finances that changed my life forever. I am a single mother and i live in Florida USA, i bought my first house in September and i hope to retire next year at 55 if all goes well. Thanks to Mrs Judith M Layton for helping me achieve this.

[@cristianbartt1261]

State vs Private Pension scheme. The best is the one which you can withdraw your full contribution any time. *The state one is refusing in many Countries the access of owner to own money. Steps, (1) For new monthly contributors ...start with a salary contribution to Pens. not just (eg.5%). For the others (2) Doble check your current total contribution+interest. (3) Ask for Pension breakdown calculator and make clear for yourself how it works and best interest rate-contribution/time balance (4) Pension is about getting the interest on your own money account (made by monthly contribution). It is not the money from working people or state when you are retired. If you don't have any contribution, when retiring you get social support not pension. If no other business or source for income. Still you get, Human Rights. Thanks. CB, 10/10/2024

[@stuarthills7059]

And what about changes to make the state pension means tested... I might buy extra credits now to be told all get zero state pension because i have too much in a private pension or savings

[@broddablack5290]

Martin is amazing

[@alanmeasures8337]

Brilliant Martin didn't know about leaving my pensions thought it was though the will great advice

[@freya7pc]

All pensioners with less than c. £16,000 savings in the bank should get the same help as those eligible for Pension Credit. Pension Credit is paid to people who did not work enough years to qualify for the full State Pension. It seems unfair to discriminate against those who did work, who don't have savings above £16,000 (the usual benchmark).

[@veesvoyages]

Incredible! Thanks for the advice!

[@barbaramcminigal9966]

You need to be careful with buying extra NI credits for your state pension as it takes you over the limit for pension credit now this is what is happening to my husband and I worked all our lives and are over the limit for pension credit now we know other people who didnt have enough NI contributions but got pension credit top up which took them over more than which my husband and I have coming in plus they receive add on benefits like cost of living payments etc so doesnt always work ouf favourably for an extra 40 pounds per week when pension credit might make it up to you anyway which is what hapoenned to us just saying do all your homework first. If you get pension credit they also might pay your rent depending on circumstances, unfortunately we had to pay full rent as well

[@michaelodowd4807]

This is correct ,crazy but true you’re better off being eligible for pension rather than full pension.

[@carolbrett6430]

The companies I worked for where I had a work place pension with, have dissolved now. How can I find my pension which was paid into those companies now?😊

[@mrechelon7051]

Love you Martin.

[@oliverolivagi1569]

Do I still have to pay National Insurance Contribution if I am in receipt of Pension and still working?

[@thejournalnook]

I happened to check mine and I have quite a lot of years missing due to not working and taking breaks in between jobs. I can’t afford to add to it 😅

[@angelowilliams6539]

If you have already made 42 years NICs is it worth making additional contributions

[@lesleydurston531]

Is it possible to trace a lost pension for a deceased parent?

[@Eryrwen]

'Spitting feathers' means thirsty. The expression for anger is 'spitting blood'.

[@marcdaniels9079]

Well Mr/Mrs/Ms pedantic that really depends where you are from in the world. In the North of the UK yes it can mean thirsty but in the South it definitely means angry. This can easily by confirmed in Google in 5 mins. It is used almost entirely these days in common parlance to mean angry.

[@yelesomeus4534]

You really wasted time to come on here and say that? 😂😂😂😂😂

[@LindaWYorksUK]

…..and!! Your point is???

[@Eryrwen]

The ‘angry’ interpretation of ‘spitting feathers’ is likely to have originated from another expression for angry - ‘spitting blood’. Anyone who knew the latter term and heard ‘spitting feathers’ for the first time might very well assume that the two expression meant the same thing.

[@Eryrwen]

@@yelesomeus4534 I did! It didn't take too long, though.

[@aryalanup]

Cat pretending like she understood anything ML said 😅

[@MinkieWinkle]

I'm surprised Martin considers 50 to 75k pension to be large? i just turned 30 and already have that in a pension? is that not the norm?

[@issiewizzie]

Thank you Martin

[@MrAppukuttan93]

Does nominating a trust as beneficiary have any advantage over choosing an individual for pension accounts?

[@evenskial1063]

Most important help guide by renowned money expert relevant to WHOLE population of UK. Interviewer after 5 minutes “we’re running out of time!” 🙄

[@Aitch-u3i]

Varifocals lenses worth investing in to stop the ‘I’m putting my glasses on, now I’m taking them off’ gestures.

[@gordonhancock5524]

Can you help I am 65 years old and have paid 45 years of N.I. contributions(mainly on the top band class 1) I took early retirement at 61 so never claimed for anything but I am due for my state pension this year but I have been informed by HMRC that I still need to pay 4 more years £3328 to qualify for full state pension a diffference of £20 considering that you need 35 years to qualify What should I do?

[@juliaw7533]

Go.onto your .Gov account and look at your pension. Do you habe any gaps in contributions? 45 yrs is a long time to pay contribs and then get told you haben't paid enough, especially whwn you aren't getting any pension? Doesn't make sense. QUESTION IT. Good luck.

[@gordonhancock5524]

@@juliaw7533 stop working at 62 i did not claim for any benefits Big mistake, thats why they wanted 4 more years of N.I. even with 45 years of N.I. RIPOFF pensioners

[@miriamkubaska4070]

Doesn't make sense. I thought you need 35 years NI contribution to get full pension when you reach retirement years.

[@daleharrison1689]

How many years had you opted out though

[@neilsheldon4589]

Could someone tell me my wife has 41 full years of national insurance and she's not getting full state pension she took early retirement at 59 I've been told that with her retiring early the pension is calculated from your state pension retirement so u work back from 66 35 year thus she's 7 years short is this correct

[@bigawdays5724]

But pensioners don’t work, and they pay council bills each week. They’re ignoring Pensioners in Care homes, Pensioners Living by them selves.

[@freya7pc]

No amount of shouty advice to claim Pension Credit alters the fact that pensioners who worked 35 years or more and paid into the system can't get help, but those who didn't work can. This affects the working class on minimum wage the most, perhaps in the gig economy with no work pension, and possibly paying rent- they are the ones who are slipping through the cracks and not getting the help they need.

[@stanleystuart2008]

Sell your home live in a van tour round the world country or whatever job done household bills is your burden for life I did 20yrs ago never looked back I save 80% of my wages freedom lol

[@kimballentyne3482]

Are the UK government pensions 100% guaranteed regardless of how is in government political power and any wars? What will happen when there is a change of governments? Will everybody be poorer and living in a tent on the streets? Kept waiting on an ongoing automatic answering machine from The International, Future & Specialist Pension Centre. Only one telephone number to serve 65+million people. It is very expensive. Hope the postal services will be fruitful!

[@markhosbrough9180]

I am nine years short of qualifying for a full state pension is it going to be worth making up the shortfall reason I asked is i live in America and many brits here are saying if you don't work 30 years or more before claiming social security here in America you fall foul of the windfall tax where the money you get from social security in America will be reduced by the amount of what you get from the uk

[@craigmcvay1]

Am disabled and "NEVER" worked the closest I got to it was voluntary and what would be my case

[@mrbuster7255]

My pensions is naughty, got in at the best time. To the point my company wants to promote me, to change my contract to get me.off it!!! Lets go 85 rule 55 and im.gone!!!! Hahhaha😂

[@bill-2018]

I need to look into this because in 2012 I took early retirement and was told I had my 35 years and would get my full pension. When I got my pension statement for my state pension three years ago it said I had missing years, it's this 2016 thing which they don't tell us about. They don't have to pay me my full pension so it's good for them. I'm around £1,000 a year down. Definitely looking into this. Well, I just looked and they don't make it simple.

[@asacarrick1440]

Cam.eron had a Manifesto pledge to give all pensioners index linked pensions...another failed promise

[@theloneranger2101]

Hang on, did Martin say a "person boosted their State Pension by £2000 a year, and thats £24000 in 20 years?" Me thinks Martin got his Maths wrong, £2000 a year for the 20 years is £40,000.

[@knowledgeseeker5499]

Simple math 2000x20=40,000

[@michaewelina7983]

He is wrong on many levels, that is why I do not listen to him, but use his tools.

[@tomasricka7783]

Guess he meant 200 per month

[@PenkethKahns]

Well, I found an old pension for my wife as a result of watching this. That was quite some find. It's amazing what a modest investment over 25 years ago will pay out shortly!

[@barbaracross7426]

I think that the EX needs clarifying please. Was this a separated couple and not divorced? It was a nice list of warnings here but the after death needs more info please

[@craphead9842]

The average UK working class worker will find it difficult to save after paying all their bills, rent or mortgage etc etc... Tony cuenca

[@robbailie5878]

The fact that they have a pretty good idea on how much money is sitting around in pensions lost by people why is there no way for these to be made public for people to search whether their on this list?

[@vikingqueen9]

Would I be entitled to the late ex husbands pension? He took on the higher tax threshold and I also worked. However, he hid his income during the divorce and didn't divulge his income fully!!

[@desertrat5782]

My advice don't have a private pension because you get no help if you do

[@boyasaka]

Don’t be silly Most employers put substantial amounts into your pension for free My employer puts 3500 a year into my pension as long as I do to Plus don’t pay any tax on money going into ya pension

[@yelesomeus4534]

My private pensions from companies I have left will eat themselves away before I retire. I do t understand it but that's what they have told me 😢

[@maxmaxwell3787]

If you don’t pay into a private pension, who is going to take care of you when you are no longer earning? Are you relying on my tax?

[@denisescally7090]

@@yelesomeus4534 Management fees? Find out what they mean? If you are over 55 and they are small pots you can withdraw them, not financial advice!

[@denisescally7090]

@@maxmaxwell3787 Hundreds of thousands of people who have never paid a single NI contributions already are and the number is increasing.

[@Norah-v6j]

Why is the pension not index linked if you move to Australia but other countries and people get the rises, Australia pays the difference, this is wrong

[@chuckwoodchip1696]

Nothing to do with pension. But PLEASE PLEASE get the presenters to stop putting their hands in front of their mouth some hard of hearing people need lip read

[@Umnger110]

They have closed captioning btw. It's not perfect but it's pretty good

[@user-ns5yn8ux2u]

So, if I pay £800 for a years missed contribution, it means that I will get an additional £300 and something pounds added to my pension already? This cant be right? Can someone explain.

[@knowledgeseeker5499]

Nothing extra once you met minimum 35 years requirement

[@philipdove1923]

You would get £6 a week extra in your state pension. So after receiving it for 2.7 years you get your money back and after that its all extra. It's a good "investment" if you can afford it.

[@JackJones-ym8it]

I can increase my pension, (top up) but then, because of my other workplace pensions i would just be taxed more on it...

[@JackJones-ym8it]

Same here, give with one hand take back with other...

[@Ladyviggers]

Stop putting your fingers across your mouth. Some people lip read!

[@Canio567]

Please.

[@Draw2quit]

Maybe she got Ross from Friends to do her teeth whitening.

[@mattjames88]

@@Canio567came to say the exact same 😆

[@MrAspire82]

Put subtitles/captions on

[@yelesomeus4534]

I've just read all the transcript ......most deaf people can read😅

[@XORTION]

Won’t be state pension in 30 years when I retire. so why am I paying my state pension to fund others who are retired. Not fare

[@stuartburns8657]

Fair.

[@dallassukerkin6878]

Whilst that is the common trope doing the rounds of the internet, something to bear in mind that the people entering pension age now have paid in all their working lives via NI. Most people, unless they live until their 90's, do not get back what they have paid in. I don't know why it has become the fashion to latch onto this 'generational envy' cliche; perhaps it is more relevant to the USA, where the Social Security system works differently?

[@wiganer9912]

There will be a state pension in 30 years

[@palmtree-e2l]

@@wiganer9912 but it will probably be means tested and the age raised to 70,

[@BerkeleyTowers]

Paying into something you don’t directly benefit from? Are you for real? I’ve never been on benefits, but that’s where my tax money goes. I’ve never been to hospital, but that’s where my tax money goes. Etc etc. Am I whinging about it? No.

[@xx6551]

You can barely get a home in the UK for 82,000

[@harryhazard719]

If your using your pension to buy a home there’s a big problem 😂

[@aysha7384]

😂😂

[@beluga.7761]

😂😂😂😂​@@harryhazard719

[@dominicmilne8574]

Uh yeah you can barely buy a house for 180k in the uk lol

[@Antonio-xq7iu]

are we filipinos will enjoy that retirement pension for the pilipinos.can we????

[@dereksmallsuk]

Deeley gub looks pretty fish like.

[@alberttatlock5104]

Likes the sound of his own voice!!!

[@davidwilson657]

Who do we contact do we have a number

[@stanleystuart2008]

Yes some work pensions that your partner has 50% of it you could be intitled to

[@TheJoeT81]

A lesson on how to take your glasses on and off, if nothing else 😂

[@TheThinker-ce5kq]

When they make pensions means tested then what?

[@garyedmondson796]

Typical retirement of 20years from 67 ????🤔

[@SevenEllen]

That sounds about right. The average age most people live to in the UK is 85.

[@martinesswitnessaro29371]

Petition parliment uk - call a general election.. please sign and pass on

[@TonyRobertson6]

what they say and what they do is 2 different things

[@miriamkubaska4070]

Why 35 years-ish for a full state pension? Why did he put -ish? I thought its 35 years.

[@John3249-i7o]

🎉

[@AlexGarrickActress]

i cant afford to pay my missing years

[@rodspence5105]

Im fed up of martin lewis misleading people .for me at 59 and have a good pension now which would be 30 grand a year for next 20 years id need 600,000 now. i havnt got that or never will achieve that nor would most working people .someone i was in school with joined the police force done the 30 years service as a constable he recieved 76 thousand tax free cash and 15 grand a year pension .thats after hes payed in quarter of his wages each month and police force topping up his pension credits while in service .so all those people in minimum wages with no employer top up got no chance of a decent pension .they dont tell you that part .

[@j.a.0088]

I was told two years ago that paying in pensions for missing years from 2006 is finished . Now is until April 2025 . Why it's changing all the time . ? I payed few years but couldn't continue because of this .

[@John3249-i7o]

Paid over

[@ritageorge2348]

Cats at it again, there is no one else on tv that is constantly posing. Hands, eyes, touching hair, surprise face, worried face, concerned face. For gods sake just be yourself, oh and stop nodding and speaking over people.

[@markswales762]

Bring back holly