The Martin Lewis Podcast Question Time: Is having a pension worth it? Why has my home insurance doubled? And Martin's Mick Jagger history!
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Sep 29, 2025 In this enlightening discussion, the value of pensions takes center stage, highlighting their tax benefits and employer contributions. Martin shares a personal anecdote about trying to persuade Mick Jagger to finish his accounting degree. Listeners learn why their home insurance might have doubled and gain insight into the importance of fully paying off credit cards to avoid interest. Each question leads to practical advice that empowers listeners in their financial decisions.
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Protect LISA Eligibility After Marriage
- Avoid adding a spouse to deeds if they want to keep first-time buyer LISA eligibility.
- Keep property ownership separate until you plan to buy jointly so they can still use a Lifetime ISA bonus.
Make Pensions Your Priority
- Do prioritise pensions as the most tax-efficient long-term saving vehicle for most people.
- Use employer contributions and tax relief to maximise growth before retirement.
Capture Employer Contributions
- Do contribute to workplace pensions to capture employer contributions and tax relief immediately.
- Treat employer contributions as free money that materially boosts your retirement pot.