How To Sort Out Your Pension In 2025

Your pension should be your top priority this year. Tom McPhail, pensions expert at The Lang Cat and former Head of Policy at Hargreaves Lansdown, explains how to calculate what you’ll need to retire, whether you can count on a state pension, and how to maximise returns without extra contributions. This is everything we think you need to know to get your pension sorted out.

Watch our previous episode with Tom 👉    • Will You Be Hit by the Pensions Crisis?  

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This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life.

Chapters

00:00 - Intro
00:42 - How much do you need to save?
05:55 - Will you get a state pension?
10:25 - Will you need to work till 75?
13:44 - Should you get an annuity?
16:04 - Why you need to look at your workplace pension
18:44 - The problem with default funds
25:12 - Vanta ad
26:08 - 70/30 vs 100% equities
29:40 - If not the default, then what?
36:55 - Is it hard to change funds?
39:35 - Who is the best pension provider for your staff?
44:01 - Double the amount you end up with
45:12 - Salary sacrifice
49:27 - Could you claim £1000s back?
52:58 - Tide ad
53:52 - Starting saving in your 40s,50s?
56:27 - Pensions if you are self-employed
01:01:24 - Sole trader vs Ltd company
01:04:24 - LISA or SIPP?
01:10:04 - How to solve the self-employed pensions crisis
01:16:58 - Join our free lump-sum webinar
01:17:28 - How did the August 2024 budget change pensions?
01:22:58 - Can the government actually solve the pension’s crisis?
01:24:46 - Should you make up your NI contributions?
01:27:36 - The key steps you need to take this year
01:31:23 - Get our free newsletter series