This is Money Podcast Will you be able to afford a comfortable retirement?
Feb 9, 2024
01:03:28
The cost of a comfortable retirement has jumped over the past year - but what do you need to get one and will you get there?
As the Pension and Lifetime Savings Association updates its annual look at how much income people need for a basic, moderate or comfortable retirement, Georgie Frost, Lee Boyce and Simon Lambert take a look at what this all means for you.
If a comfortable retirement costs a couple £59,000 a year and a moderate one £43,000, which one do you have a chance of achieving - and are there any important bits being left out of the costs?
The team look at the cost of retiring, why it might not be as expensive as it first looks, how to invest for retirement and what sort of back up the state pension will provide.
Plus, why our real top rate of income tax is 60 per cent - and it's not the highest earners hit by it on their next pay rise - and is there any hope that Jeremy Hunt will be the Chancellor who finally does something about it.
The case for not just cutting stamp duty but getting rid of it altogether.
And an interview with a modern-day business legend. Simon speaks to easyJet and easyGroup founder Sir Stelios Haji-Ionnou about how he started the airline and built it up and his Young Entrepreneur awards.
As the Pension and Lifetime Savings Association updates its annual look at how much income people need for a basic, moderate or comfortable retirement, Georgie Frost, Lee Boyce and Simon Lambert take a look at what this all means for you.
If a comfortable retirement costs a couple £59,000 a year and a moderate one £43,000, which one do you have a chance of achieving - and are there any important bits being left out of the costs?
The team look at the cost of retiring, why it might not be as expensive as it first looks, how to invest for retirement and what sort of back up the state pension will provide.
Plus, why our real top rate of income tax is 60 per cent - and it's not the highest earners hit by it on their next pay rise - and is there any hope that Jeremy Hunt will be the Chancellor who finally does something about it.
The case for not just cutting stamp duty but getting rid of it altogether.
And an interview with a modern-day business legend. Simon speaks to easyJet and easyGroup founder Sir Stelios Haji-Ionnou about how he started the airline and built it up and his Young Entrepreneur awards.