We can’t talk enough about the pension’s crisis. Most people aren’t saving enough for the life they are going to want and something has to be done about it. We cover the big questions: why is there a problem, how much we really need to be saving and will the state pension even exist when you retire?

Tom McPhail is a pensions industry expert. A former Head of Policy at Hargreaves Lansdown, he now works for finance consultancy firm Lang Cat.

🤝 Make the most of your money with a financial adviser

Get professional support 1:1 planning your finances: ⁠https://makingmoney.email/financial-advisors-audio⁠

⛑️ Free guides, courses and financial health check

Learn how to build long-term wealth in the UK: ⁠https://linktr.ee/makingmoneypod⁠

🎉 Sponsors

Odoo - test their Sign app for free: ⁠https://www.odoo.com/r/MM⁠

Vanta - Get your company secure and compliant, with $1k off: ⁠https://vanta.com/makingmoney⁠

Tide - Get up to 4.22% AER (variable) on your business savings. Use this link ⁠https://www.tide.co/offers/makingmoney⁠ or the code 'MAKINGMONEY'. You'll also get £100 if you fund your account with £5,000 in the first 30 days. Ts&Cs apply.

The more you save, the higher the rate—up to 4.22% AER (variable) on balances over £1M. New Tide members receive these rates free for 6 months, then your Tide plan’s savings rate and thresholds apply. Visit ⁠https://tide.co/savings⁠ for full terms and conditions.

📈 Investment platforms we use:

Trading 212

Watch this video where Damo explains how to get the most from it:⁠⁠ https://youtu.be/BVVZhrM0LVQ⁠⁠

Get a free share worth up to £100 when you sign up for a new Invest or ISA account and deposit at least £1.

Use the code ‘MM’ or this link:⁠⁠ https://www.trading212.com/join/MM⁠⁠

InvestEngine

Get up to a £50 bonus when you invest at least £100.

⁠⁠https://investengine.pxf.io/daOD2Q⁠⁠

Vanguard

Minimum investment of £500 or £100/month.

⁠⁠https://www.vanguardinvestor.co.uk/

--

If you purchase a product or service using one of the links above, we may receive a commission. There will be no additional charge for you. Remember investments can fall and rise - and past performance is no guarantee of future results. Other fees may apply. Your money is at risk.

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.

65: What Would a Trump-China Deal Look Like?