BONUS EPISODE: "I work as a handyman to top up my pension income"
The Pension Confident Podcast · PensionBee
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Show Notes
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In this bonus episode we hear from PensionBee customer, Tony, as he tells us his pension story. Now in his early sixties, Tony's working part-time as a handyman to top up the income he's receiving from his pension savings.
With the help of pension pro, and VP Brand and Communications at PensionBee, Rachael Oku, we'll unpack the tips you might want to take from Tony's story. This episode offers especially useful lessons for older savers approaching retirement, helping you make sense of what a 'phased retirement' could mean for your finances.
Episode breakdown
01:07 The popularity of phased retirement
03:57 Balancing mortgage payments and pension contributions
08:12 Navigating different allowances for different accounts
11:28 Waiting on the State Pension to fully retire
Further reading, listening and watching
To learn more about the topics discussed in this bonus episode, check out these articles and podcasts from PensionBee:
- Episode transcript (Blog)
- E45: The rise of micro-retirements (Podcast)
- Bonus episode: Personal finance tips for the self-employed (Podcast)
- E4: Should you pay more into your mortgage or pension? (Podcast)
- How do I top up my pension? (Article)
- Inheritance Tax guide (Article)
- Should I take a lump sum from my pension? (Article)
- What is flexi-access drawdown? (Article)
- Can I take my pension at 55 and still work? (Article)
Other useful resources
- Check your State Pension age (GOV.UK)
- Pension Calculator (PensionBee)
- Retirement Living Standards (Pensions UK)
- The money purchase annual allowance (MPAA) for pension savings (MoneyHelper)
- The new State Pension (GOV.UK)
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