Planning on relying on the state pension to keep you afloat in retirement? After listening to this week’s podcast, you might want to have a rethink.
On this episode, presenter Georgie Frost, consumer affairs editor Lee Boyce and personal finance editor Rachel Rickard Straus discuss what’s in store for the state pension.
Will it still be around when they come to retire? A report this week suggests something will have to change to make sure it is, whether that be everyone paying more in National Insurance, the retirement age rising again or a means-tested state pension.
The team also discuss getting hold of our state pension forecasts – and if they’re at all reliable.
And what about those who are already retired?
The trio then discuss a growing trend of retirees extracting money from the value of their homes to pay off credit card debts.
But it’s not all gloom.
Lee has news of a 50p coin that could be worth considerably more than that – and that you can only get hold of by going on a lovely day out.
Days numbered? We discuss whether the state pension will still be around in a few decades
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