Britain’s most trusted money man is back to talk about pensions so you can get the best out of yours. He’ll be revealing his simple tips and advice which could add thousands in just minutes.
Broadcast on 21/05/2024
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32 Comments
Thanks Martin and itv.
PLEASE HELP I AM 72 RETIRE PENSIONER I HAVE ACCIDENT AT WORK NURSE IN HOSPITAL SINCE 1986 .LOST MY RIGHT Shoulder ARM . I BECAME DISABLE ON DWP DLA .I USE TOPAY ALL ,+ SUPERANOUTION . DO I HAVE TO CLAIM ANY MONEY BACK?? THANK YOU .
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?
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Paid over
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).
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.
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.
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
Very many thanks indeed Martin, you are an absolute Godsend! Bless you 😊
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 .
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.
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!
When they make pensions means tested then what?
If you have already made 42 years NICs is it worth making additional contributions
Martin is amazing
are we filipinos will enjoy that retirement pension for the pilipinos.can we????
Who do we contact do we have a number
6 pension secrets that you may not know of, And the government won’t tell you, so so big deep and go onto the website that’s the governments
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.
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
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.
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.
I'm 57 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.
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
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.
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😂
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?
Why 35 years-ish for a full state pension? Why did he put -ish? I thought its 35 years.
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!
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!!
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.