People who receive money from dividends – regular payments made from shares they have invested – or capital gains from selling things rather than working, they currently pay less tax on that money than working people do. You won't be compensated for investments falling in value, or a company in which you hold shares goes bust, unless this poor performance resulted from bad advice given by a regulated Independent Financial Advisor that has since gone bust. What happens is, the moment you ask that question, your premium for next year is already going up, because the algorithm will decide you are a higher risk. He also shows you how to beat the banks at their own game, and treat the finance industry not like a friend, but more like a vague acquaintance you don't really trust, but have to see from time to time (and who always makes you pay for the drinks). Pensions are great for people on high incomes, because they get huge tax relief of whatever rate they pay.

In some ways, you might think it’s a good thing that we’re being families again and looking after one another.If you look at pensions in the public sector – such as teachers and so on – the amount that goes into their pensions is in the 20-25 per cent range. He is Saga Magazine’s longest serving contributor, having written for and edited its money section since 1984.

This has probably cost me a lot of money over the past 10-12 years when I could have invested my pension. If you are renting, then you’re working from Monday until possibly Wednesday lunchtime to pay your landlord. In a time of such economic uncertainty, it has never been more important to take control of your money.Despite attempts by the Government – still wending their glacial way through Parliament after four years of discussion – it is almost impossible to regulate publishers who have no real physical place on Earth. Of course, very financial adviser I talk to has told me that putting the last 10 years of pension money in cash has been a huge mistake, but I sleep at night. We offer products to suit every need – from saving for your first home, retirement or a rainy day, to looking for a mortgage or tracking down your old pension pots – we’ve got you covered! The presenter of Money Box on BBC Radio 4 and the son of two teachers, there isn’t much he doesn’t know about money.