Your pension will be one of the most valuable things you ever own, but most people are making costly mistakes with theirs. Let's look at 17 of them.

The brokers I use:
Trading 212
https://trading212.com/promocodes/DAMIEN'>https://trading212.com/promocodes/DAMIEN
If you do not get your free share after depositing £1. Use promo code DAMIEN, you will find it in the section with the three lines in the bottom right corner of the app.

InvestEngine
https://investengine.pxf.io/eKR40z'>https://investengine.pxf.io/eKR40z
Get a Welcome Bonus of up to £50 when you invest at least £100 with InvestEngine

Vanguard
https://www.vanguardinvestor.co.uk/'>https://www.vanguardinvestor.co.uk/
This is not an affiliate link

Links:
1. Default funds
Here is a link to the pension sheet: https://financialinterest.com/pension...
Damage by default: https://www.dectech.co.uk/wpcontent/...

2. Pension advice allowance
https://www.moneyhelper.org.uk/en/pen...

3. Partial Transfers
https://www.moneyhelper.org.uk/en/pen....

4. Tax relief
https://www.aviva.co.uk/business/work...
https://getpenfold.com/news/claimhig...

5. Opting out
STOP IT!

6. Lost
https://www.gov.uk/findpensionconta...

7. Contact details
https://mintago.com/pensionretiremen....

8. Auto enrolment enough
https://www.nowpensions.com/employers...

9. Self employed
https://www.crunch.co.uk/knowledge/ar....

10. Shop around
   • The Best SIPP for Every Investor in 2024  
https://financialinterest.com/bestsi...

11. Counting on state
https://ifs.org.uk/publications/futur....

12. Drawing too early
https://www.gov.uk/taxonpension/tax...

13. MPAA
https://www.moneyhelper.org.uk/en/pen...

14. Pension focus
The stocks and shares ISAs I use:
Trading 212
https://trading212.com/promocodes/DAMIEN'>https://trading212.com/promocodes/DAMIEN
If you do not get your free share after depositing £1. Use promo code DAMIEN, you will find it in the section with the three lines in the bottom right corner of the app.

InvestEngine
https://investengine.pxf.io/eKR40z'>https://investengine.pxf.io/eKR40z
Get a Welcome Bonus of up to £50 when you invest at least £100 with InvestEngine

Vanguard
https://www.vanguardinvestor.co.uk/'>https://www.vanguardinvestor.co.uk/
This is not an affiliate link

15. Government messing
Enough said..

16. Junior SIPP
https://www.thetimes.com/moneymentor...

17. Relax

DISCLAIMER: Some of these links may be affiliate links. If you purchase a product or service using one of these links, I will receive a small commission from the seller. There will be no additional charge for you. Free shares can be fractional for more information see these terms.

This video does not represent financial advice, and I am not a financial advisor. When investing, your capital is at risk. Investments can rise and fall and you may get back less than you invested. Past performance is no guarantee of future results.

Timestamps
00:00 Mistakes
00:18 Defaults
01:57 Pension Advice Allowance
02:29 Partial transfers
03:57 Tax relief
05:26 Opt out
06:01 Lost
06:23 Contact
06:42 Auto enough
08:13 Self employed
08:53 Shopping around
09:43 State pension
10:31 Drawing early
11:49 MPAA
12:31 Pension focus
13:38 Government messing
14:12 JSIPP
14:56 Relax