Retired? Here’s whether to spend your ISA or pension first
About this episode
The episode discusses market reactions to UK political changes and retirement spending strategies.
On this week’s episode of the AJ Bell Money & Markets podcast, Danni Hewson and Dan Coatsworth assess how Andy Burnham’s first few days as UK Prime Minister have been received by markets. They consider what the appointment of John Healey as Chancellor means for defence spending, and the row about how a VAT cut on domestic energy bills will be paid for. There’s been some good news on inflation for the new government but it’s likely to be short lived, and there’s pressure to cut employers’ National Insurance for under 25s. Rachel Vahey tackles the popular question: once you retire, do you dip into your ISA or pension first? Danni and Dan discuss why is Primark cutting prices ahead of being spun out of its parent company. James Flintoft, AJ Bell’s head of investment solutions, joins Dan to discuss the broader state of markets as the oil price climbs back above $90 dollars a barrel. Timestamps:Market reaction to Andy Burnham’s first few days as PM [02:16]Will the new Chancellor prioritise defence spending? [08:26}Lots of speculation about this year’s Budget [15:37]The latest on inflation [19:24]Rachel on dipping into an ISA or pension first [28:59]Why Primark is slashing prices…
People in this episode
Hosts: Danni Hewson, Dan Coatsworth
Guests: Rachel Vahey, James Flintoft
Topics covered
- UK politics
- market reaction
- inflation
- retirement planning
- investment strategies
- oil prices
Keywords
- ISA
- pension
- retirement
- inflation
- defence spending
- oil prices
- Primark
- VAT
- National Insurance
Mentioned in this episode
Organizations: AJ Bell, Primark
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