Do you have a Defined Benefit (DB) pension but not quite sure how it works? Is there a way to retire early with a DB scheme? Is transferring out ever really worth it? Financial adviser Peter Lawlor has over 30 years of experience and answers these questions and more. You can book a free call with Peter here: https://calendly.com/peter-1138/60min Or you can email him here: peter@expertpensions.com 🧑‍💻 DB Pension Decoder - free guide to figure out the value of your pension https://makingmoney.email/DB-decoder-video 🎉 Sponsors Vanta - Get your company secure and compliant: https://vanta.com/makingmoney Tide - Get up to 4.22% 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 4.22% 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 - What is a DB pension? 05:35 - How have DB pensions changed? 11:40 - Should you move from a DB to DC scheme? 15:37 - Vanta ad 16:31 - What age can you get your DB pension? 19:39 - How can you retire early with a DB scheme? 24:22 - Buying years and AVC pots 26:54 - Can the government end DB pensions? 33:03 - Tide ad 34:00 - NHS schemes 40:54 - Transferring out of DB schemes 49:49 - What you need to transfer out 01:00:32 - Don’t get scammed 01:03:59 - What’s the value of your DB pension?