E14: What’s the impact of your relationship status on your finances? With Ellie Austin-Williams, Paul Infield and Becky O’Connor.
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Enjoying the podcast? Then don’t forget to rate and give us a review! As always we’d love to hear your suggestions and feedback. Send us an email: [email protected]   _________________________________________________________________________ It’s time to sit back, listen and enjoy another episode of The Pension Confident Podcast. Whether you prefer to do that by yourself, with a partner or maybe even your children is up to you, because this month we talk all about how those relationships can affect your finances. No matter what your relationship status is, each one brings its own financial questions and challenges. Right now, you might be happy just concentrating on yourself. Perhaps you’re cohabiting, or living with a friend or a sibling. You might be married or in a civil partnership. Or maybe you’re separated, divorced, or widowed. From ‘singles tax’, to prenups and wills - taking you through what you might need to think about as you experience these different relationships are: Personal Finance Expert and Blogger at This Girl Talks Money; Ellie Austin-Williams. Barrister, Mediator and Family Arbitrator, and a Spokesperson for free legal assistance charity, Advocate; Paul Infield. PensionBee’s Director (VP) Public Affairs; Becky O’Connor.    Episode Breakdown:  03:55 Leaving home  07:02 The ‘singles tax’ 10:16 Financial tips for single people 14:15 Cohabitation and the ‘common law’ marriage 20:42 Prenuptial agreements 22:16 Keeping your financial independence 24:55 Pension Sharing Orders 27:12 What to do when a partner dies   * Just a note to correct some numbers we state on this episode. We say that there are eight million single people living in the UK, when in fact there are actually 28 million. We also say that the Marriage Act was in 1751, but we were a little early and it was actually released in 1753.  Further reading: Want to make sure you’ve got all bases covered, no matter what your relationship? Then take a look at these articles from PensionBee.  Episode 14 transcript How to tackle your personal finances when you’re single. The best gift a husband can give to his partner is pension contributions. What is the average pension income for a couple? Your guide to Lifetime ISAs and pensions. How does divorce or remarrying affect your pension? How long after divorce can you claim a pension?   Other useful resources: Milestones: journeying into adulthood (ONS) Divorces in England and Wales: 2021 (ONS) Singles Tax (This Girl Talks Money) Child Benefit (GOV.UK) Bereavement Support Payment (Age UK) Bereavement useful contacts (Mind) _________________________________________________________________________ Come and see us live! On Thursday 4th May we’ll be recording our first ever episode in front of a live studio audience and we’d love for you to join us.  Our host Philippa Lamb will be joined by special guests at White City Place in London from 6:30 pm to talk about whether your money’s better off in a pension or an ISA. You’ll also have the chance to get your questions answered by our expert panel. Tickets are absolutely FREE, so if you’d like to attend - just click here. _________________________________________________________________________ Catch up on the latest news, read our transcripts or watch on YouTube: The Pension Confident Podcast The Pension Confident Podcast on YouTube  
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