The Anton Savage Show Ask the Expert: Finance
Jun 14, 2025
Explore effective strategies for managing pension pots, including rolling over and personal retirement bonds. Learn about the importance of safeguarding family finances through insurance for business owners. Discover how to approach surplus profits and make informed investment decisions. Dive into the risks of credit card debt and the necessity of understanding life insurance options. Get insights on the need for personalized financial advice to avoid costly pitfalls in your financial journey.
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Choosing Pension Options Wisely
- You can roll your old pensions into a new employer's scheme, a personal retirement bond, or a PRSA.
- Get advice because choosing wrongly can cost you thousands, but most people procrastinate and leave pensions untouched.
Insurance Essential for Business Owners
- Business owners should take out life insurance, income protection, and serious illness policies paid by their company.
- These insurance products provide essential financial protection for owners' families and cash flow during illness or death.
AVCs Require Main Scheme Membership
- If you stopped paying Additional Voluntary Contributions (AVCs) to your company pension, you must rejoin the main scheme to restart payments.
- You cannot pay into AVCs without being a member of the original occupational pension scheme.