Pensions explained for folks in the UK. We've all been told that pensions are important, but why? Most of us have never had pensions explained to us, yet it's vital to know how pensions work in the UK because for most of us they are the most tax-efficient way of building retirement savings. After watching this video, you'll understand pension basics enough to get started with these crucial accounts. 👉 MeaningfulAcademy - Retirement Planning: https://meaningfulacademy.com/retirementplanning 🏷️ Use PROMO Code "YOUTUBE" to save on any of the three courses. 🎟️ Trading 212 partnered with MeaningfulMoney and offers fractional shares worth up to €100. Use the link https://trading212.com/promocodes/MM212. If you do not get your free share after depositing £1. Use promo code MM212, you will find it in the section with the three lines in the bottom right corner of the app. Chapters: 00:00 Intro 01:07 1 - Types of Pension 03:47 2 - Free Money with Pensions 05:49 3 - How Pensions Are Taxed 06:44 4 - How Pensions Grow 08:24 5 - How you get your money OUT 11:20 Summary #meaningfulmoney #meaningfulacademy #retirementplanning 🔴 https://youtu.be/y-4s1wqwQ7k - Click here to watch Pension vs ISA 🔴 https://youtu.be/hGgrA8mvMIE - Click here to watch The biggest retirement challenge is not financial 🔴 https://youtu.be/XI4NqBWf6wQ - Click here to watch The Art of Retirement 🔴 https://youtu.be/S26a_8mA4Fs - Click here to watch Retirement Success Factors 🔴 https://youtu.be/50CV_J9CZhg - Click here to watch Is this the biggest retirement mistake? 📙 The MeaningfulMoney Handbook: http://petesbook.com The MeaningfulMoney Community (Facebook): 👉 https://meaningfulmoney.tv/community 👉 Life Insurance with LifeSearch: https://meaningfulmoney.tv/lifesearch 👉 Farewill - Discount off your Will: https://meaningfulmoney.tv/resources/wills-from-farewill FOLLOW ME: ✔ Facebook: https://www.facebook.com/meaningfulmoney ✔ Twitter: https://twitter.com/meaningfulmoney ✔ Instagram: https://www.instagram.com/meaningfulmoney.tv ✔ LinkedIn: https://www.linkedin.com/in/petematthew/ ✔ Website & Podcast: https://meaningfulmoney.tv ⚠️ IMPORTANT: Please be aware that MeaningfulMoney does NOT endorse or recommend ANY people or businesses claiming to be experts in crypto or other investments. We would never recommend you any investment strategies within the comments section. Please protect yourself against spam and misleading information from fake accounts and please do not share any private or sensitive information. 📫 Leave me a comment below - I read all of them and love hearing from you!