Family Finances. They can be a bit of a headache can’t they? There always seems to be so much to think about and the various rules about tax and allowances can leave you feeling confused and unsure about exactly what you should be doing for the best for you and your family. Children in school are not taught about the basics of budgeting and as a nation we don’t really talk about money and finances – it’s just not a very British thing to do.
But, how are we going to get better if we don’t talk about things? And how are we supposed to know what we should be doing if there’s no one talking with us about it all in plain English. That’s why Legal and General have set up their #MoneyHangouts. In each of these Legal and General’s CEO Nigel Wilson has teamed up with a panel of experts in a series of Google Hangouts where members of the public are able to put their family finance questions to them via social media and get answers back that they can understand and use to help them make decisions.
I see this as a brilliant way to get people talking about money and to stop it being such a taboo subject. After all money is tight for all of us right now so I think it’s important that we all try to make what we have work as hard as possible for us. I’m therefore delighted to have been asked to be one of the “front row” of people taking part in their next hangout and putting questions to Nigel and the panel about retirements and pensions.
I can hear the exclamations now though. “Retirement and pensions??? But I’m only 36. Why do I need to think about them now?” The hard fact is that none of us can expect to get to retirement age (whenever that might now be) and get a state pension that we can afford to maintain the same sort of lifestyle as we do now on.
Many of us may already have pensions from either current or former employers and do not know what we’re supposed to do with them when we either move on, or like me stop being an employee to raise a family. What about if you’re self employed? There are also new pension rules coming in to effect on 6 April 2015 and I know for a fact that Mr C and I have been struggling to fully understand what these changes mean for us – and I’m sure we’re not alone. I’m hoping I can use the #MoneyHangout to get some answers to my questions and also help others with their financial queries.
So this is your chance to put forward your questions about Retirement and Pensions and get them answered in the #MoneyHangout on Friday 27 March 2015 at 10am . You can either leave questions in the comments below for me to put forwards, or use the event Google+ page, the L&G Facebook page or via twitter, using the #MoneyHangout hashtag.
You can watch the #MoneyHangout live on the 27th below.
The hangout will also be available on YouTube later on and I will link to that when it is published.
Disclaimer: I am being compensated by Legal and General for taking part in this #MoneyHangout. All opinions are my own.