From pensions to bills, what the Budget means for you: TiM podcast

Pensions, childcare, energy bills and dodging recession: The This is Money Budget podcast special

Jeremy Hunt had a spring in his step this week as he delivered his Budget.

It was a considerably different air to the gloomy warning of trouble ahead in his November Autumn Statement.

The headline act was a major shake-up of pension saving rules, removing restrictions that limit the amount that can go in without tax penalties.

The lifetime pensions allowance was abolished rather than raised, the annual allowance got a big bump, and rules to stop pension recycling were eased.

Was this a bung for the rich shovelling cash into their pension – and doctors – or a move that will help many more young professional savers aspiring to a decent retirement, who may not realise the lifetime limit could be hit?

On this week’s podcast, Georgie Frost, Helen Crane and Simon Lambert delve into the Budget and joining them to explain the pensions element is a special guest, This is Money’s retirement columnist and ex-pensions minister Steve Webb.

Also in the Budget was news on the economy, a ray of hope on energy bills, and a big expansion of 30 hours free childcare… but it won’t come in for some time.

The team look at all those elements and more.

And finally, as the Budget claimed the headlines something else was rumbling on: a mini-banking crisis sparked by the Silicon Valley Bank collapse. What is going on there and should we be worried?

Listen to the This is Money podcast

We publish the podcast every Friday to the player on This is Money, above, and on Apple Podcasts (iTunes), the most popular, Spotify, Audioboom, and so many more.

To download the Apple Podcasts app go to the App store. On Android devices, go to the Google Play store to download the podcast app of your choice. 

You can press play to listen to this week’s full episode on the player above, and wherever you get your podcasts please subscribe and review us if you like the podcast.

We’re now available on YouTube and you can ask your smart device to ‘play the This is Money podcast’. 

If you’re not happy using apps, you can also listen to the latest episode and archive on the This is Money podcast page.