Week 7: Pensions and Saving for Retirement - Part 2, Episode 14
Share Radio & Open University Business School
to Managing My Money presented by Glen Goodman and Annie Weston
|Public Sector||Pension linked to average or final salary||Might raise the retirement date|
|Personal or Workplace Pension||Savings & decisions are in your hands||Subject to swings in the market|
Use the Age UK pension calculator to check your plans ..
|Pension type||paid from||Risks|
|future taxation||Govt. may move goalposts|
|Private: occupational (Defined benefit)||company reserve from company contributions||Company reserve may go into deficit|
|Private: workplace (Defined contribution)||Automatic enrolment: large pot built from companies, employees & Govt.||Performance uncertain, payout undefined|
|Personal fund built by your contributions||Performance depends on your decisions, payout undefined|
The Government's track record for moving the goalposts is not good! But currently -
Take the Week 7 quiz/test at www.shareradio.co.uk - as you take each week of the course, your results will build up on your personal dashboard.
is broadcast by Share Radio and is based on the Open University Business School online course of the same name.
Your presenters are Glen Goodman and Annie Weston.