Are you making the most of your pension? Most people aren’t — and it could be costing them thousands. Journalist Alice Guy is former Head of Pensions at Interactive Investor and a qualified chartered accountant. She breaks down how to get the most from your pension: from salary sacrifice and tax relief, to checking out how you’re invested and boosting your long-term pot. ✅ Here’s our pension provider cheat sheet: https://makingmoney.email/pension-cheat-sheet If you have a DB pension, watch this: https://youtu.be/CdEvDffBakE 🤝 Improve your finances with our adviser service - book free consultation: https://makingmoney.email/financial-advisors-video 🎉 Sponsors Vanta - Get your company secure and compliant: https://vanta.com/makingmoney Tide - Get up to 4% 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% 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. - 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. Chapters: 00:00 - How much should you be contributing? 08:00 - How to increase employer's contributions 10:34 - High rate tax payers missing out on billions 12:26 - Is salary sacrifice worth it? 15:41 - Tide ad 17:12 - What’s the best way to claim tax relief? 21:33 - What are the carry forward rules? 26:09 - Are you realistic about what you need? 28:34 - Should you count on a state pension? 31:27 - Vanta ad 32:45 - What should policymakers be doing? 39:48 - How to pick the right fund? 45:33 - How is your fund performing? 51:00 - Should you switch out of the default fund? 57:09 - What kinds of funds should you go into in retirement? 01:02:13 - Should you consolidate? 01:04:31 - Make sure you don’t fall into this pension trap