# A Little Bit Richer Wrapped: 12 Money Tips

An episode of [A Little Bit Richer](https://invisiblenetwork.ai/podcast/1706157445), 11 Dec 2025, 17 min.

Audio: https://pscrb.fm/rss/p/traffic.omny.fm/d/clips/2e9a850c-e6b9-48c2-afec-a8f8010f70f4/61b6e292-1c73-49e1-81ce-b075010b275f/e05fd9aa-5960-42eb-bf26-b3ad010436ee/audio.mp3?utm_source=Podcast&in_playlist=aee4b1cb-b4f6-4283-99aa-b075010cd6b0

Celebrate the festive season with Iona Bain as she unwraps the 12 Financial Days of Christmas! A collection of the most practical, inspiring, and feel-good money tips shared on the podcast this year. From smart investing and tackling career change fears to managing debt, boosting your pension, remortgaging with confidence, handling inheritance conversations, and creating passive income, this episode brings together the very best insights from our 2025 guests like Claer Barrett, Rotimi Merriman-Johnson, Dr. Eliza Filby, ‘The Mortgage Mum’ Sarah Tucker, Emmanuel Asuquo and Helen Tupper. These quick tips will help you finish the year strong and step into 2026 feeling financially empowered and hopefully, a little bit richer! You can watch episodes on L&G’s YouTube channel And see behind the scenes content on TikTok and Instagram You can play the podcast and find other useful content on L&G’s website: https://www.legalandgeneral.com/podcasts/a-little-bit-richer Iona and her guests share their own personal thoughts and opinions in this podcast. These might be different from L&G’s take on things. They give financial guidance for a UK audience that’s relevant at the time of recording. It’s general best practice, not the kind of personalised advice you’d get from a financial adviser. See omnystudio.com/listener for privacy information.

## Transcript

[0:00] Speaker 1: This series is bought to you by L& G, helping you build a
[0:03] Speaker 1: future that's a little bit richer.
[0:06] Iona Bain: Hello, I'm Iona Bain, and welcome to A Little Bit
[0:09] Iona Bain: Richer, brought to you by Legal & General. Now, as we're
[0:12] Iona Bain: in the thick of the festive season, I thought we'd
[0:14] Iona Bain: do something a wee bit different, and dare I say, a
[0:17] Iona Bain: wee bit Christmasy. Today, we're diving into the 12 financial days of
[0:22] Iona Bain: Christmas. Yep. 12 quick, simple, feel good money tips that
[0:27] Iona Bain: we've learned on the show this year to help you
[0:29] Iona Bain: finish the year strong and set yourself up for an
[0:32] Iona Bain: even better one in 2026. No partridges, no pear trees,
[0:37] Iona Bain: just practical bite- sized ideas you can actually use from
[0:40] Iona Bain: the guests we've had on the show. So whether you're
[0:43] Iona Bain: wrapping gifts, traveling home, or hiding from your in laws
[0:46] Iona Bain: with a pair of headphones, we've all been there. Let's
[0:49] Iona Bain: jump into day one. First up is financial advisor and
[0:53] Iona Bain: content creator, Rotimi Merriman-Johnson, who shared some great insights on
[0:57] Iona Bain: building your investment portfolio. I particularly loved his tip around
[1:01] Iona Bain: the importance of diversifying.
[1:04] Rotimi Merriman-Johnson: So diversification in simple terms means not putting all your
[1:08] Rotimi Merriman-Johnson: eggs in one basket. And the reason why we do
[1:11] Rotimi Merriman-Johnson: this is because different companies will go through different cycles
[1:17] Rotimi Merriman-Johnson: and will perform differently at different times. And rather than
[1:20] Rotimi Merriman-Johnson: have a scenario where you're just invested into one company
[1:24] Rotimi Merriman-Johnson: and you're hoping that that company does well, you build
[1:26] Rotimi Merriman-Johnson: what's called a portfolio of companies. You can do this
[1:29] Rotimi Merriman-Johnson: yourself or you can use a fund. So if you
[1:32] Rotimi Merriman-Johnson: pick the right stock, then you can do really well
[1:36] Rotimi Merriman-Johnson: off the back of it, potentially. But it also means
[1:39] Rotimi Merriman-Johnson: that if the company doesn't do so well, your investment
[1:41] Rotimi Merriman-Johnson: can go to zero. If you were using an index
[1:44] Rotimi Merriman-Johnson: fund that tracked the UK stock market, the FTSE 100, you
[1:48] Rotimi Merriman-Johnson: would have 100 companies in that fund. So for your
[1:51] Rotimi Merriman-Johnson: money to go to zero, it would require a hundred
[1:55] Rotimi Merriman-Johnson: companies to go to zero, which I think if that's
[1:58] Rotimi Merriman-Johnson: happened, we have bigger problems to worry about.
[2:00] Iona Bain: Yes. Our second tip comes from Helen Tupper, author of
[2:04] Iona Bain: The Squiggly Career and co- founder of Amazing If. Helen
[2:07] Iona Bain: was full of practical advice, and here she is talking about
[2:10] Iona Bain: how to tackle the fear of failure when making a
[2:13] Iona Bain: career change.
[2:14] Helen Tupper: So there's this fear- based response to change. And then
[2:19] Helen Tupper: there is a very practical one of, " No, but what
[2:22] Helen Tupper: if I don't enjoy it?"
[2:23] Iona Bain: Yes.
[2:23] Helen Tupper: It's not a fear. It's a real thing. What if
[2:25] Helen Tupper: I am not good at it? I've not done this
[2:27] Helen Tupper: before. So I think there are two different things to
[2:29] Helen Tupper: work on here. So the first one is caging confidence, (inaudible)
[2:32] Helen Tupper: , and the second one is sort of trying to
[2:34] Helen Tupper: get some exposure and experience before you kind of make
[2:37] Helen Tupper: that move so that you mitigate the risk of it
[2:39] Helen Tupper: going wrong. A lot of that is moving from sort
[2:43] Helen Tupper: of limiting beliefs like, " What if people don't like me in
[2:46] Helen Tupper: that team? If I fail, I'm going to be a
[2:48] Helen Tupper: failure." All these kind of statements that go around our
[2:50] Helen Tupper: head to more limitless thinking. So when I say limitless
[2:54] Helen Tupper: beliefs, all I'm saying is change the story. So not, "
[2:58] Helen Tupper: Well, if I do it and I fail, then everyone's
[2:59] Helen Tupper: going to think I'm a failure." More, " Well, if I do it and I
[3:03] Helen Tupper: fail, at least I'm going to learn."
[3:06] Iona Bain: On our third day of Christmas, let's look at pensions
[3:09] Iona Bain: and the power behind them. Here I talk to L&
[3:11] Iona Bain: G's Pete Gladwell, all about how your pension savings can
[3:15] Iona Bain: be invested to help build better communities, doing stuff for
[3:19] Iona Bain: the greater good. That sounds pretty Christmasy to me.
[3:22] Pete Gladwell: Your pension does have a power. It can have real
[3:24] Pete Gladwell: impact. It is worth thinking about who you're entrusting your
[3:28] Pete Gladwell: pension pot to, because it might feel like a small
[3:30] Pete Gladwell: amount to you, but when it's combined with millions of
[3:33] Pete Gladwell: other people's pensions, it starts to be a game changing,
[3:36] Pete Gladwell: a town changing, a city, changing a country changing amount
[3:39] Pete Gladwell: of money.
[3:39] Iona Bain: Oh, I like that. That's great.
[3:40] Pete Gladwell: It's true. I mean, you're talking about serious amounts of
[3:43] Pete Gladwell: money. So think about the impact and the provider that
[3:46] Pete Gladwell: you're entrusting your pensions and savings to. That's the first
[3:48] Pete Gladwell: thing. But again, you've got the power to change the
[3:51] Pete Gladwell: industry. Where people put their pensions is what the industry
[3:55] Pete Gladwell: then moves to accommodate. So if you have lots of
[3:57] Pete Gladwell: people telling their providers, " I don't want to be invested
[4:01] Pete Gladwell: in these sectors and I really care about these things,"
[4:04] Pete Gladwell: then providers like Legal & General and others will start to
[4:07] Pete Gladwell: create funds for you to invest in those. So even
[4:11] Pete Gladwell: within your choice, you can affect what the industry does
[4:14] Pete Gladwell: in future and affect that trend in the industry towards
[4:18] Pete Gladwell: being more considerate of the environmental and social impact of
[4:21] Pete Gladwell: the billions of pounds of money that we steward.
[4:24] Iona Bain: Next up on our list is accountant, campaigner, and speaker,
[4:28] Iona Bain: Crystal McGillivray, who joined me to talk about neurodiversity and
[4:31] Iona Bain: money. Here she is talking about strategies to put in
[4:34] Iona Bain: place to manage debt. And I think that's something we
[4:36] Iona Bain: can all learn a lot from.
[4:38] Crystal McGillivray: First of all, I'd say stop, pause, breathe, and know
[4:40] Crystal McGillivray: that you can get through. And I think second, just
[4:43] Crystal McGillivray: take an audit, note down, " Okay, this is what I
[4:45] Crystal McGillivray: have here. These are the terms and conditions here." And
[4:48] Crystal McGillivray: then it's slowly working your way through various different methods,
[4:51] Crystal McGillivray: a kind of avalanche and snowball method, and it can
[4:55] Crystal McGillivray: be quite fun actually, as you watch that journey of
[4:58] Crystal McGillivray: your debt reducing and know that you have done that,
[5:01] Crystal McGillivray: once you're on that journey, the progress that you make
[5:04] Crystal McGillivray: then becomes very self- motivating.
[5:06] Iona Bain: 100%. But you have to start that journey in the
[5:08] Iona Bain: first place.
[5:10] Crystal McGillivray: You have to start. Yeah. And even starting with five pounds, because what we're doing
[5:13] Crystal McGillivray: there is we're building this new habit and that's the
[5:16] Crystal McGillivray: key. You are teaching yourself and learning and building up
[5:20] Crystal McGillivray: the confidence that I can commit to paying money to
[5:23] Crystal McGillivray: clear a debt that I have. That's you being responsible.
[5:26] Crystal McGillivray: And once you start that journey, it starts to snowball
[5:28] Crystal McGillivray: and you feel really good.
[5:29] Iona Bain: That's so encouraging and heartening. Let's come to The Mortgage
[5:33] Iona Bain: Mum, Sarah Tucker next, who guided us through the remortgaging
[5:37] Iona Bain: process. Sarah had some great advice on checking your mortgage
[5:40] Iona Bain: deal so you can make sure you're getting the best rate.
[5:43] Sarah Tucker: What we see is a lot of people don't ring
[5:45] Sarah Tucker: their bank, they don't switch the rate. They go onto
[5:48] Sarah Tucker: what's called a standard variable rate. They pay a lot
[5:50] Sarah Tucker: more money and they don't talk to us because they're
[5:53] Sarah Tucker: worried. What if I talk to an advisor and then they
[5:56] Sarah Tucker: tell me I can't have my mortgage and they take
[5:58] Sarah Tucker: my house away? That is not going to happen. So
[6:01] Sarah Tucker: my biggest message is go and speak to... Hopefully the
[6:05] Sarah Tucker: advisor you used in the first place is the one
[6:06] Sarah Tucker: to contact you six months before your rate ends and
[6:10] Sarah Tucker: just tell them what's going on right now for you,
[6:11] Sarah Tucker: what's happened in the last few years and let them
[6:13] Sarah Tucker: guide you through.
[6:14] Iona Bain: Yeah, because the standard variable rate is not going to
[6:17] Iona Bain: be a good deal for you.
[6:18] Sarah Tucker: It's not. It's the highest option out of the three.
[6:21] Sarah Tucker: And you can be talking about hundreds of pounds a
[6:24] Sarah Tucker: month more and so many people are on it. This
[6:27] Sarah Tucker: is what's crazy. 1. 8 million people coming off of
[6:31] Sarah Tucker: their fixed rate deals and there will be a huge
[6:34] Sarah Tucker: number that do nothing. And that is a mission for
[6:38] Sarah Tucker: us to try and get through to those people and say, "
[6:39] Sarah Tucker: Don't do nothing because then you're just going to switch
[6:42] Sarah Tucker: onto the variable rate."
[6:43] Iona Bain: Because it's crazy, but it's a very, very understandable mistake
[6:46] Iona Bain: to make whereby you just think, " Hang on a second, I've
[6:48] Iona Bain: really got no choice but to do this," whereas you're
[6:51] Iona Bain: making it clear, " No, it doesn't have to be like
[6:53] Iona Bain: that." We're officially halfway through our 12 financial days of Christmas. And
[6:58] Iona Bain: on my list next is life admin, specifically combining your
[7:02] Iona Bain: pension savings into one pot. Yep, you might square them
[7:06] Iona Bain: at the thought, but actually I had a really interesting
[7:08] Iona Bain: chat with L& G's Mike Crossley all about this subject.
[7:11] Iona Bain: He broke it down for us in easy, doable steps,
[7:14] Iona Bain: and that's music to my ears. Here's Mike talking about
[7:17] Iona Bain: how you can stay on top of your pensions.
[7:20] Mike Crossley: If you've got three, four, five different pensions, it can
[7:23] Mike Crossley: be tricky to understand how much have you saved, are
[7:26] Mike Crossley: your savings on track to give you what might be
[7:28] Mike Crossley: a good income in retirement. So bringing them together can
[7:31] Mike Crossley: be a really positive first step towards getting on top
[7:35] Mike Crossley: of your retirement savings.
[7:36] Iona Bain: So it's a question of not forgetting that you have
[7:40] Iona Bain: pension pots and therefore being able to maximize what you
[7:44] Iona Bain: have much more effectively.
[7:45] Mike Crossley: Yeah. So really important not to be one of those
[7:48] Mike Crossley: people who's lost an old pension. And it can happen
[7:50] Mike Crossley: so easily. As people move house and stuff, they forget
[7:54] Mike Crossley: to tell their pension provider. And then when you try
[7:56] Mike Crossley: and remember, " What was that pension I had 5, 10
[7:58] Mike Crossley: years ago," really easy to fall into that trap. So
[8:02] Mike Crossley: bringing them together, perhaps after you've just changed job and
[8:04] Mike Crossley: you've got a new pension, it's a great way of
[8:06] Mike Crossley: keeping on top and actually reducing your life admins, you're
[8:09] Mike Crossley: not then needing to tell five different pension providers each
[8:12] Mike Crossley: time you move.
[8:13] Iona Bain: That's a very good point. Often when we are reluctant
[8:17] Iona Bain: to do something in the short term, actually we're just
[8:19] Iona Bain: storing up more problems for the long term. It could
[8:21] Iona Bain: actually save us time in the long run. We're on
[8:25] Iona Bain: day seven now, and up next is Dr. Eliza Filby.
[8:29] Iona Bain: Eliza is a historian, author, and generational expert, and we had
[8:33] Iona Bain: a fascinating chat about inheritance. Here she is talking about
[8:37] Iona Bain: how some people can only really afford properties if they
[8:40] Iona Bain: have the bank of mom and dad.
[8:42] Dr: Bringing into the conversation, this bank of mom and dad.
[8:45] Dr: And there was a lot of shame, still is a
[8:48] Dr: lot of shame on that parental dependency. There's a lot
[8:51] Dr: of unsaid, whispered, " How did she afford that deposit," in
[8:55] Dr: friendship groups. There's a lot of silence in families talking
[9:00] Dr: about gifting, dependency, certainly about inheritance. There's a level of
[9:06] Dr: economic infantilization that a lot of people feel when it
[9:10] Dr: comes to their parents. And I think you need to
[9:13] Dr: be much more open, both if you're in a privileged
[9:16] Dr: position of having the bank of mom and dad, but
[9:17] Dr: also if you're not, actually creating a greater level of
[9:20] Dr: empathy amongst your friendship groups and saying, " Do you know
[9:23] Dr: what? I can't spend 2000 pounds on attending your hem
[9:25] Dr: party and wedding because I'm not in the position that
[9:28] Dr: you are." And I think talking about it in your
[9:30] Dr: peer groups, but also talking about it within your family
[9:33] Dr: and also talking about it in society. Because one of the
[9:36] Dr: things that I'm really passionate about is helping people understand
[9:39] Dr: the social and economic forces that actually govern their lives.
[9:42] Dr: And I think basically what's happened since 2008 to 2025 is that the state
[9:46] Dr: has shrunk, the market's become dysfunctional and the parents have
[9:49] Dr: stepped up. Stepped up from a point of love. And
[9:52] Dr: I'm not someone that believes that inheritance should be taxed
[9:55] Dr: into oblivion. It's about creating and having a conversation where
[9:59] Dr: inheritance matters less and an economy where inheritance matters less
[10:03] Dr: because it ultimately is demotivating.
[10:07] Iona Bain: We're coming up next to my episode with financial advisor,
[10:10] Iona Bain: Emmanuel Asuquo, and we had a great chat about side hustles.
[10:15] Iona Bain: And in this clip, he talks about how you can
[10:17] Iona Bain: make some extra money through passive income streams.
[10:21] Emmanuel Asuquo: Passive income streams are the dream, they're like Midas' gold,
[10:25] Emmanuel Asuquo: they're... What we're looking for is basically... Passive income stream
[10:28] Emmanuel Asuquo: is where you put money into something and then it
[10:31] Emmanuel Asuquo: gives you an income each month, each year without you
[10:34] Emmanuel Asuquo: having to go back and work for it. So your
[10:36] Emmanuel Asuquo: money is working for you. Now, it sounds really difficult
[10:39] Emmanuel Asuquo: and really hard, but there are some ways that you
[10:41] Emmanuel Asuquo: can do this. So for example, I meet people who
[10:44] Emmanuel Asuquo: have a spare room. So you could rent out that
[10:46] Emmanuel Asuquo: room, no additional work, and every month that room, or
[10:49] Emmanuel Asuquo: every week, depending on how you rent it out, could be
[10:51] Emmanuel Asuquo: making you money. So that could be considered passively. Or
[10:54] Emmanuel Asuquo: you could have a car. Some people get a car
[10:57] Emmanuel Asuquo: and then they rent out that car. And again, they're
[10:59] Emmanuel Asuquo: getting income from that car every single month. So it
[11:02] Emmanuel Asuquo: all depends on what you're doing, but typically, I would
[11:05] Emmanuel Asuquo: say that most things, although they say they're passive, require
[11:09] Emmanuel Asuquo: work. Anything that you're making money from needs to be
[11:12] Emmanuel Asuquo: maintained and tends to need to acquire work. So one
[11:15] Emmanuel Asuquo: of the big ones people talk about is property. So
[11:17] Emmanuel Asuquo: owning a property and renting it out. But even if
[11:20] Emmanuel Asuquo: you rent out that property, even if you get an
[11:22] Emmanuel Asuquo: estate agent to manage that, there's still work to be done
[11:25] Emmanuel Asuquo: because they may need to be updating to the property.
[11:27] Emmanuel Asuquo: There may be times when the property is empty, you
[11:29] Emmanuel Asuquo: may need to help with the marketing. There's work to
[11:32] Emmanuel Asuquo: be done to really maintain that income and make sure
[11:34] Emmanuel Asuquo: that that grows and works on. So I'd say passive
[11:37] Emmanuel Asuquo: sounds amazing, but the reality is that there normally needs
[11:40] Emmanuel Asuquo: work to be done.
[11:42] Iona Bain: We talk a lot on the show about planning for
[11:44] Iona Bain: the long term and creating that future that you'll be
[11:47] Iona Bain: thankful for. And with that in mind, here's financial coach
[11:50] Iona Bain: and content creator, Laura Ann Moore, who gave us a
[11:54] Iona Bain: genius hack on how to trick your brain into saving.
[11:58] Laura Ann Moore: So I'm not a massive fan of no spend months.
[12:00] Iona Bain: Yeah, that feels very restrictive.
[12:03] Laura Ann Moore: So restrictive. Where's the fun?
[12:04] Iona Bain: No.
[12:04] Laura Ann Moore: But no spend zones would be, " Okay, where are my
[12:07] Laura Ann Moore: biggest triggers with overspending? Where do I spend when I
[12:11] Laura Ann Moore: look back and go, 'Oh, really wish I hadn't done
[12:13] Laura Ann Moore: that?'" They're the places that you would put a bit
[12:16] Laura Ann Moore: more of a rule around. For example, if your weakness
[12:19] Laura Ann Moore: is after work, tired, can't be arsed to cook, you
[12:22] Laura Ann Moore: know you're going to be getting a Deliveroo, afterwards you're like, " Oh,
[12:25] Laura Ann Moore: I could have probably even made that for half the
[12:28] Laura Ann Moore: price." So if you know that's your trigger, you would say, "
[12:31] Laura Ann Moore: Okay, I am going to maybe do no Deliveroos during
[12:34] Laura Ann Moore: the week." Or you can step foot outside in London
[12:37] Laura Ann Moore: and before you know it, you've spent 100 pounds. So maybe
[12:39] Laura Ann Moore: you say, " Monday, Tuesday, Wednesday, I don't spend before 12: 00
[12:42] Laura Ann Moore: PM." Just zones of the day, of the week, where
[12:46] Laura Ann Moore: you just make an active choice to not spend as
[12:48] Laura Ann Moore: much, therefore allowing you to save a bit more.
[12:51] Iona Bain: We're on to day 10 now. I'm going to chat about relationships
[12:54] Iona Bain: because when they go from the fun and frolics of
[12:56] Iona Bain: dating to having those difficult conversations about your future together,
[13:00] Iona Bain: let's face it, you've got to be honest and transparent.
[13:03] Iona Bain: So here's financial advisor Bola Sol on how to have
[13:06] Iona Bain: that tricky chat.
[13:08] Bola Sol: Their response is incredibly important. So whatever the situation may
[13:12] Bola Sol: be when you bring up finances, are they short with
[13:14] Bola Sol: you? Are they snappy? You have to look at all
[13:16] Bola Sol: those things. Are they avoidant or do they communicate with
[13:20] Bola Sol: you and say, " Okay, I can do this next week
[13:22] Bola Sol: and so on and so on." I think their response is
[13:25] Bola Sol: very important as well. Having the conversation, even if it's
[13:28] Bola Sol: not sexy. Sometimes you have to talk about the hard
[13:31] Bola Sol: things and do the hard things. That's how long- term
[13:34] Bola Sol: relationships work. When you hear people say, " Oh, we've been
[13:37] Bola Sol: together 15 or 20 years," and everyone kind of claps
[13:40] Bola Sol: by hearing that. I'm like, " I'm sure they've had a
[13:42] Bola Sol: conversation or two about finances," and other things as well,
[13:46] Bola Sol: relationships in different formats, friendships, professional career and so on.
[13:51] Bola Sol: So I just say, just see finance as one part
[13:54] Bola Sol: of that as opposed to all of it.
[13:57] Iona Bain: Now our 11th tip is about a subject that doesn't
[14:00] Iona Bain: exactly make our hearts race, but it is a really
[14:02] Iona Bain: important one. And that's why we did not just one,
[14:05] Iona Bain: but two great episodes with accountant, Tim Paul. Yep, we
[14:09] Iona Bain: were talking about tax and he broke down all those
[14:11] Iona Bain: technical terms that we find a bit scary and showed
[14:14] Iona Bain: us that tax really isn't as daunting as we might
[14:16] Iona Bain: think. Here's Tim talking through some quick wins.
[14:20] Tim Paul: The first thing I would say is checking your tax
[14:22] Tim Paul: code. For majority of people, this should be 1257L to
[14:27] Tim Paul: reflect the personal allowance that I mentioned earlier. If your
[14:31] Tim Paul: code on your payslip is anything other than 1257L and you
[14:34] Tim Paul: don't know why, then immediately you want to contact your
[14:38] Tim Paul: employer and get that sorted out. That'd be the first
[14:40] Tim Paul: thing. The second thing I would say is there's a
[14:43] Tim Paul: government app now, HMRC have an app, the government have
[14:46] Tim Paul: an app. Download both because what you can do is you can go on
[14:49] Tim Paul: the app and you can actually put in your details
[14:51] Tim Paul: and then it can tell you what benefits and allowances
[14:53] Tim Paul: you're entitled to, childcare, the child benefits, marriage allowance, those
[14:57] Tim Paul: kinds of things. So it's actually a very, very good
[15:00] Tim Paul: app. I've worked with the government a few times to
[15:02] Tim Paul: promote it and I use it myself and it does
[15:05] Tim Paul: give you all the information that you need, your national
[15:07] Tim Paul: insurance contributions, how much tax you're paying, your self- assessment
[15:10] Tim Paul: record, even your national insurance number, everything like that. So
[15:14] Tim Paul: yeah, that would be the second thing, see what you
[15:16] Tim Paul: can get. And then the third thing is the pensions point. Get
[15:20] Tim Paul: your pension sorted. If you don't know what pots you've
[15:23] Tim Paul: got where, or if you don't know how much you're
[15:25] Tim Paul: contributing, if you don't know how much your employer's contributing,
[15:27] Tim Paul: find that out, find out what the pension's getting invested
[15:30] Tim Paul: into. Make sure that you've got that sorted because that
[15:33] Tim Paul: is the quickest win in order to make sure that
[15:36] Tim Paul: you're not overpaying on your taxes.
[15:39] Iona Bain: It's a 12th day of Christmas. Hurrah, we made it.
[15:42] Iona Bain: For our last tip, we're going out strong. We're going
[15:44] Iona Bain: to hear from Claer Barrett, who I had a great
[15:47] Iona Bain: discussion with on pensions versus property. Here's Claer explaining why
[15:51] Iona Bain: most people prioritize one over the other.
[15:55] Claer Barrett: Ask any young person at any point over the last
[15:57] Claer Barrett: 20 or 30 years, " Which one are you going to prioritize?" Of course
[16:00] Claer Barrett: it's going to be property because we want to get
[16:03] Claer Barrett: on the housing ladder. We've seen what house prices can
[16:06] Claer Barrett: do and the impact of owning an asset, which could
[16:09] Claer Barrett: rise in value. No guarantees, of course, that that's going
[16:12] Claer Barrett: to keep happening, certainly keep happening at the same rate in the
[16:15] Claer Barrett: future, but it's been a one- way escalator for generations
[16:19] Claer Barrett: past. And you can also tell your landlord to do one.
[16:23] Claer Barrett: I think for many people, it's that, that's the motivation,
[16:26] Claer Barrett: the insecurity of living in rented accommodation as well as
[16:29] Claer Barrett: the huge cost. Maybe you're living with your parents for
[16:33] Claer Barrett: longer in order to save up for a property. These
[16:35] Claer Barrett: are all factors that are pushing young people towards prioritizing
[16:41] Claer Barrett: property over retirement, which seems like a very, very distant dream.
[16:47] Iona Bain: Well, that wraps up our 12 financial days of Christmas,
[16:50] Iona Bain: 12 tiny tweaks that together can make a surprisingly big
[16:54] Iona Bain: difference to your long- term financial health. If you try
[16:57] Iona Bain: even one or two of these over the holiday break
[16:59] Iona Bain: or beyond, let us know. You can get in touch
[17:02] Iona Bain: with us on TikTok and Instagram @ legalandgeneral. And don't forget, you can watch
[17:06] Iona Bain: all our full episodes on YouTube. If you enjoyed this
[17:09] Iona Bain: episode, feel free to share it with a friend who's
[17:12] Iona Bain: looking for a little festive money motivation. We'll be back
[17:16] Iona Bain: on January the 1st with a book club special to get your
[17:19] Iona Bain: new year off to a brilliant start. This podcast is
[17:22] Iona Bain: brought to you by L& G. I hope you have
[17:24] Iona Bain: a wonderful Christmas and see you very soon.

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