Listen to The Money Vault - 26 ways to boost your pension
In this episode, we revisit a classic episode from March 2025, that offers 26 tips on how you can boost your pension and prepare for retirement. In it, I cover topics such as maximising your pension contributions, reviewing and consolidating your pensions, seeking advice, and the implications of delaying your state pension claim.
Support the podcast
Remember to like, subscribe and follow us on all our socials. You can also support the Money to the Masses podcast by visiting our dedicated podcast page.
Every time you use a link on the page we may earn a small amount of money for our podcast. We only use affiliate links that give you an identical (or better) deal than going direct. Thank you for being an incredible part of our community. Your support means the world to us.
Watch the video version of the podcast below:
You can also listen to other episodes and subscribe to the show by searching 'Money to the Masses' on Spotify or by using the following links:
Listen on iTunes Listen on Spotify via RSS
Support the podcast!
You can now support the Money To The Masses podcast by visiting this page when making any financial decision
- Save money
- Earn cashback
- Exclusive offers for listeners
The Money Vault - 26 ways to boost your pension
Summary:
In the next section, I provide over 20 tips to help you boost your defined contribution pension. I emphasise the importance of making sure you're claiming the full tax relief on your pension contributions, especially if you're a higher or additional rate taxpayer. I discuss taking advantage of auto-enrolment in your workplace pension as well as asking your employer to match contributions based on your full earnings rather than just qualifying earnings. Importantly, I stress the value of seeking professional financial advice, particularly when it comes to drawing on your pension for retirement income.
Key Insights:
- Claim the full tax relief on your pension contributions, including higher/additional rate relief
- Ensure you're auto-enrolled in your workplace pension and get your employer to match your contributions
- Review how your pension is invested, consider consolidating multiple pensions and try and reduce the fees you are paying
- Seek professional financial advice, especially for retirement income planning
- Also, consider exploring options like delaying your state pension and checking for guaranteed annuity rates
Resources
Links referred to in the podcast:
- Sign up to our weekly newsletter
- Check your state pension forecast
- DWP callback request form
- How to earn National Insurance credits
- NI top-up deadline extended
- How to fill gaps in your national insurance record
- Moneyhelper pension calculator
- What is auto-enrolment?
- Salary sacrifice explained
- Pension tracing service
- Free pension review with Unbiased
- Compare annuities
- The best pension income in retirement
- Pension carry-forward rules
£200 Pension Cashback Offer
Make a qualifying deposit or transfer a pension to our partner Interactive Investor.
- Deposit or transfer a pension of at least £20k and you could earn £200 cashback
- Terms and Fees apply, Capital at risk
- New & Existing customers opening a SIPP
- Offer ends 30th June 2026
Before starting your transfer, check you won't lose any valuable benefits (such as guaranteed annuity rates or a lower protected pension age) and find out what exit fees you might have to pay
