How do workplace pensions work? | #Money Hotline 3

Today, we answer a question from Jamey — a 26-year-old who is a passionate advocate for young people getting an early start on saving for retirement.Having recently started a new job, Jamey wants to increase how much she pays into her workplace pension. However, her employer is hesitant due to the perceived admin involved. She asks us how to move the conversation forward and what other options are available to her.Today on The Wallet: 1/ Financial Adviser and founder of Ladies Finance Club, Lisa Conway-Hughes joins me to provide an overview of workplace pensions, how they work, how much you can save each year and the benefits of opting in.  2/ It’s a common concern that the state pension won’t be enough to support us in our retirement years, so Lisa walks us through the different private pensions available and how to get to grips with planning for our future selves. Resources:The Mere Thought of Retirement Stresses Me Out (Financial Times) Compare The Platform: https://comparetheplatform.comThe Times Money Mentor: https://www.thetimes.co.uk/money-mentor Connect with Lisa: Instagram: @misslollymoney Website: https://www.ladiesfinanceclub.co.ukBook: Money Lessons: How to Manage Your Finances to Get the Life You WantOur podcast partners PensionBee are also offering you a £25 pension contribution (£20, plus £5 in tax relief) when you sign up. To claim the offer, follow this link: https://www.pensionbee.com/vestpod. Capital at risk. I’m Emilie Bellet, the founder of Vestpod (https://www.vestpod.com/) and author of You’re Not Broke, You’re Pre-Rich. Join us on Instagram @vestpod (https://www.instagram.com/vestpod/) and Facebook (https://www.facebook.com/groups/vestpod). Send me your messages at [email protected] or https://telb.ee/abrzt.  * We are not certified financial advisers, information shared in this podcast is for educational purposes & does not constitute financial advice* Hosted on Acast. See acast.com/privacy for more information.