14 Pension Tips to Retire Rich

Your pension is one of the most valuable things you will ever own. Today, I want to run you through a load of things you can do to improve yours in 2025.

Talk 1-on-1 with a financial advisor
https://getmost.co.uk/financial-advic...

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Workplace pension cheat sheet: https://financialinterest.com/pension...
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Student loan repayment info: https://financialinterest.com/student...
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This video does not represent financial advice, and I am not a financial advisor. When investing, your capital is at risk. Investments can rise and fall and you may get back less than you invested. Past performance is no guarantee of future results.

1. How much are you really getting?
More information on the qualifying earnings
https://thepeoplespension.co.uk/help/...
2. Ask them what is the maximum Match you provide
Nest Paper: https://www.nestinsight.org.uk/wp-con...
3. Salary sacrifice.
https://getpenfold.com/employer-tools...
4. Relief at Source
Just contact HMRC to get your money back - 0300 200 3310
https://www.firstwealth.co.uk/article...
5. Net pay
https://www.moneyhelper.org.uk/en/pen...
6. Default funds - Pension fund cheat sheet
https://financialinterest.com/pension...
VWRL global fund - https://www.vanguardinvestor.co.uk/in...
7. Partial transfers
Please check with your pension provider if they allow them and the rules around this. Please make sure you state you want to remain in the scheme.
8. Pension advice
Details on the allowance https://www.gov.uk/plan-retirement-in...
9. Free advice
Over 50
https://www.moneyhelper.org.uk/en/pen...
Under 50
https://www.moneyhelper.org.uk/en/con...
10. How much do you need? (pension calculator)
The pension calculator from II makes some significant assumptions regarding fees and other factors, which are worth considering when using it. Please see the section titled "The calculation is just a guide and makes some assumptions" for a full list of these.
I have linked another calculator from Aviva below, along with a basic compound interest calculator, so you can try a few different options. However, please remember to consider the impact of fees on long-term returns when making your calculations and just use these calculators as a guide.
https://www.ii.co.uk/ii-accounts/sipp...
https://www.direct.aviva.co.uk/myfutu...
https://www.thecalculatorsite.com/fin...
11. Missing pension
https://www.gov.uk/find-pension-conta...
12. Paying for missing NI
https://www.gov.uk/check-national-ins...
13. Pension Carry forward https://www.moneyhelper.org.uk/en/pen...

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Time stamps
00:00 - Pensions
00:27 - Work scheme
00:51 - Qualifying earnings
01:56 - Maximum match
02:47 - How is money paid in?
03:11 - Salary sacrifice
04:18 - Relief at source (are you owed £000s?)
05:40 - Net pay
05:56 - Default funds
07:37 - Partial transfers
08:15 - Getting pension advice
08:34 - Getting free guidance
09:09 - How much will you need?
09:56 - Real returns
11:17 - Lost pensions
11:39 - Paying for missing years
12:51 - Pension carry forward
13:03 - Ltd company director
13:51 - Sole traders
14:45 - Enjoy it