Why Workplace Pensions Matter So Much

Paying into your workplace pension gets you free money from your employer and the government, and starting early on can have surprisingly big benefits. Thanks to the magic of compounding, saving even just a little in your 20s can leave you with a bigger pot than putting more away later on. This week our host Kia Commodore unpicks workplace pensions with Kim Brown, Legal & General’s Pension Scheme Director. How can you plan your pension, from managing parental leave to choosing the right investments for you? How much do you need to retire, and what State Pension could you be entitled to? When should you think about paying in a little more, and what should you think through if you want to save less? And a lot more besides.  You can find out more about pensions on our website: htps://www.legalandgeneral.com/retirement/pensions/ As you listen, there are a couple of important points to bear in mind. First of all, in this episode Kim shares several pension growth numbers. They’re based on a series of assumptions about how the markets could perform. They’re general examples of how things could work out, not specific financial predictions. And in every episode Kia and her guests share their own personal thoughts and opinions, which might be different from Legal & General’s take on things. They give financial guidance for a UK audience that’s relevant at the time of recording. Again it’s general best practice, not the kind of personalised advice you’d get from a financial adviser. You can play the podcast here: https://www.legalandgeneral.com/podcasts/a-little-bit-richerSee omnystudio.com/listener for privacy information.

Om Podcasten

'A Little Bit Richer' is the podcast that aims to help us all get a grip on our financial futures, brought to you by financial broadcaster and author Iona Bain and Legal & General. Maybe you’ve bought a home or started a family or would like to one day. You’re starting to think ahead a little. Have you thought about how you could be a little bit richer in the future? We can all do with some insight and advice on how best to plan and manage the financial side of life. So that’s what ‘A Little Bit Richer’ from Legal & General explores. We talk to leading experts and dive into topics like - How much money do you need to stop working? What’s the stronger investment - your property, or your pension? How can you help your children to be more financially savvy? Together, we’ll build a better and brighter financial future for us all. ‘A Little Bit Richer’ from Legal & General is out every fortnight. Follow us now on your favourite podcast app. The views and thoughts expressed on this podcast are those of the individuals and don’t necessarily represent those of Legal & General. This podcast does not constitute or replace financial advice. Content was relevant at the time of recording and is intended for a UK audience.