The Pension Confident Podcast

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In this bonus episode of The Pension Confident Podcast, we cover some of the key changes from the new 2026/27 tax year and what they could mean for you and your finances.
Join our host, Philippa Lamb, and VP Personal Finance at PensionBee, Maike Currie, as they unpack the changes impacting:
the National Minimum and Living Wage;
statutory sick, parental and bereavement pay;
frozen earnings bands and savings limits;
the State Pension and personal pensions.
 
Episode breakdown
01:09 What is the tax year?
02:25 Minimum and statutory pay for workers
04:08 The State Pension and 'triple lock'
06:20 Frozen thresholds on earnings and savings
10:46 Pension contributions and compound interest
 
Further reading and listening
To learn more about the 2026/27 tax year, check out these articles and podcasts from PensionBee:
4 smart ways to use your ISAs in retirement (Blog)
How to use carry forward to make big pension payments (Blog)
What is the State Pension? (Article)
What is the triple lock on State Pensions? (Blog)
What tax changes are coming in April 2026? (Blog)
 
Other useful resources
Adoption leave and pay (GOV.UK)
Maternity leave and pay (GOV.UK)
National Minimum Wage and National Living Wage rates (GOV.UK)
Parental bereavement leave and pay (GOV.UK)
Paternity leave and pay (GOV.UK)
Shared parental leave and pay (GOV.UK)
Statutory Sick Pay (SSP) (GOV.UK)
The basic State Pension (GOV.UK)
The new State Pension (GOV.UK)
The Retirement Living Standards (Pensions and Lifetime Savings Association)
 
Catch up on the latest news, read our transcripts or watch on YouTube:
The Pension Confident Podcast
The Pension Confident Podcast on YouTube

Follow PensionBee (@PensionBee) on TikTok, YouTube, Instagram, LinkedIn, Facebook, X and Threads.

Enjoying the podcast? Tell us what you think below and give us a review or rating. As always we'd love to hear your suggestions and feedback. Send us an email: [email protected].
 
Did you know that over the next 30 years, Baby Boomers are expected to pass down an astonishing £5.5 trillion in assets? It's being called one of the largest movements of wealth in British history. So are you ready for the 'great wealth transfer'?
Many Millennials are facing tough financial challenges - with lingering student loans, high rent or mortgage costs and expensive childcare. A wealth transfer could be transformative for this generation.
But here's the catch: without proper estate and financial planning, many families could face hefty tax bills. And from April next year, pensions will be included in estates for Inheritance Tax purposes, which could push that tax bill much higher!
Join our host, Philippa Lamb, and our expert panel as they discuss the 'great wealth transfer':
Co-Founder of Millennial Money UK, Niaz Azad;
Solicitor and Director at Richard Reed Solicitors, Annaliese Barber; and
Senior Performance Management Manager at PensionBee; Dan Stean.

 
Episode breakdown
01:55 Planning for an inheritance
03:58 Generational divide between Baby Boomers and Millennials
07:27 From meritocracy, to inheritocracy
10:50 Inheritance Tax (IHT) basics and thresholds
15:07 Wills matter, even when young
18:37 Estate planning conversations create clarity
21:03 Gifting rules and pitfalls
23:56 When family dynamics and money collide
 
Further reading and listening
To learn more about intergenerational wealth, check out these articles and podcasts from PensionBee:
E20: What to do when someone dies (Podcast)
E28: The Bank of Mum and Dad - what's the impact on your pension? (Podcast)
Estate planning - PensionBee's Milestone Moments (YouTube)
Pension beneficiaries (Article)
Pension rules after death (Article)
Inheritance Tax guide (Article)
What to do with inheritance money? (Blog)
Six money conversations you need to have with your family (Blog)
Writing a will (Article)
 
Other useful resources
3 million pensioner millionaires (The Intergenerational Foundation)
Busting the "wealthy boomers" myth (Centre for Ageing Better)
British millennials still bearing scars of 2008 financial crisis, says research (The Guardian)
Check who can apply for probate and inherit if someone dies without a will (GOV.UK)
How do I write a will and how much does it cost? (MoneyHelper)
Inheritance Tax rules on gifts (MoneyHelper)
Setting up a trust fund (MoneyHelper)
 
Catch up on the latest news, read our transcripts or watch on YouTube:
The Pension Confident Podcast
The Pension Confident Podcast on YouTube
 
Follow PensionBee (@PensionBee) on TikTok, YouTube, Instagram, LinkedIn, Facebook, X and Threads.
Follow Millennial Money UK (@MillMoneyUK) on TikTok, YouTube, Instagram, LinkedIn, Facebook and X.
Follow Richard Reed Solicitors (@richardreedsolicitors) on Instagram, LinkedIn and Facebook.

Enjoying the podcast? Tell us what you think below and give us a review or rating. As always we'd love to hear your suggestions and feedback. Send us an email: [email protected].
 
On this bonus episode, we hear from PensionBee customer, Sanna. Like so many, she's juggling family life, buying her first home, and trying to save for retirement - all at the same time. Since having her daughter and moving back in with family to save on rent, her pension savings have taken a back seat.
We unpack the choices Sanna has faced - from rising living costs and childcare to finding faith-aligned financial products - with the help of pension expert Rachael Oku, VP Brand and Communications at PensionBee. Plus, we share helpful guidance for prioritising your future savings while juggling the more immediate, everyday costs.
 
Episode breakdown
01:06 Homebuying vs. saving for retirement
03:20 Rising costs and financial impact
05:05 Faith-driven investing options
08:39 Exploring multiple income streams
 
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)
E41: How can multi-generational living save you money? (Podcast)
E6: What are Shariah investments? (Podcast)
What is an investment account? (Article)
What is an ISA? (Article)
What is a Stocks and Shares ISA? (Article)
How to use your property to fund your retirement (Blog)
 
Other useful resources
Check your State Pension age (GOV.UK)
Free Childcare for Working Parents (GOV.UK)
Pension Calculator (PensionBee)
Retirement Living Standards (Pensions UK)
The new State Pension (GOV.UK)
The UK Pension Landscape (PensionBee)
Britain's Trapped Generation (Skipton)
 
Catch up on the latest news, read our transcripts or watch on YouTube:
The Pension Confident Podcast
The Pension Confident Podcast on YouTube

Follow PensionBee (@PensionBee) on TikTok, YouTube, Instagram, LinkedIn, Facebook, X and Threads.

Enjoying the podcast? Tell us what you think below and give us a review or rating. As always we'd love to hear your suggestions and feedback. Send us an email: [email protected].
 
One in every three households in the UK is now single occupancy. Here's the issue: being single could be costing you more. The so-called 'Singles Tax' is real. Cohabiting couples pay less per person on everything from energy bills to hotel rooms. So if you're single, or living alone, how much extra are you paying and what can you do about it?
Join our host, Philippa Lamb, and our expert panel as they discuss the 'Singles Tax':
Maths Teacher turned Broadcaster, Bobby Seagull MBE;
Content Creator, Emma Barnes;
Senior eCRM Manager at PensionBee; Valentina Adaldo.
 
Episode breakdown
05:18 Flatmates vs. living alone trade-offs
08:02 'Houses before spouses' movement
10:48 Redundancy when single hits harder
14:40 Building your own financial safety net
15:09 Savings hacks for couples vs. singles
18:17 Wedding season costs and pooling gifts
23:42 Saving for retirement while single
25:59 Money tips for savvy singletons
 
Further reading and listening
To learn more about the 'Singles Tax', check out these articles and podcasts from PensionBee:
Episode transcript (Blog)
E14: What's the impact of your relationship status on your finances? (Podcast)
E27: What's the cost of friendship? (Podcast)
E37: The easiest way to retire with more money (Podcast)
How much should I pay into my pension? (Article)
How to tackle your personal finances when you're single (Blog)
How to talk to your partner about money (Blog)
Six ways to put together your emergency fund (Blog)
What is compound interest? (Blog)
What's the financial impact of multi-generational living? (Blog)

 
Other useful resources
Emergency savings – how much is enough? (MoneyHelper)
"Singles tax" leaves half struggling with retirement savings: research (Corporate Adviser)
The price of love: how much does dating cost – and who pays the bill? (The Guardian)
The Retirement Living Standards (Pensions UK)
The single surcharge: single Brits pay extra £3,844 a year for household bills (Uswitch)
The 'single tax' revealed: What's the true cost of being single? (Finder)
The solo penalty, from rent to holidays: 'Being single is costing me £12,000 extra a year' (The Guardian)
 
Catch up on the latest news, read our transcripts or watch on YouTube:
The Pension Confident Podcast
The Pension Confident Podcast on YouTube
 
Follow PensionBee (@PensionBee) on TikTok, YouTube, Instagram, LinkedIn, Facebook, X and Threads.
Follow Bobby Seagull MBE (@bobby_seagull) on TikTok, YouTube, Instagram, LinkedIn, Facebook, X and Threads.
Follow Emma Barnes (@emmaebarnes) on TikTok, YouTube and Instagram.

Enjoying the podcast? Tell us what you think below and give us a review or rating. As always we'd love to hear your suggestions and feedback. Send us an email: [email protected].
 
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)
 
Catch up on the latest news, read our transcripts or watch on YouTube:
The Pension Confident Podcast
The Pension Confident Podcast on YouTube

Follow PensionBee (@PensionBee) on TikTok, YouTube, Instagram, LinkedIn, Facebook, X and Threads.