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Your pension will be one of the most valuable things you ever own, but most people are making costly mistakes with theirs. Let's look at 17 of them. The brokers I use: 📈 Trading 212 https://trading212.com/promocodes/DAMIEN If you do not get your free share after depositing £1. Use promo code DAMIEN, you will find it in the section with the three lines in the bottom right corner of the app. InvestEngine https://investengine.pxf.io/eKR40z Get a Welcome Bonus of up to £50 when you invest at least £100 with InvestEngine Vanguard https://www.vanguardinvestor.co.uk/ This is not an affiliate link Links: 1. Default funds Here is a link to the pension sheet: https://financialinterest.com/pension... Damage by default: https://www.dectech.co.uk/wp-content/... 2. Pension advice allowance https://www.moneyhelper.org.uk/en/pen... 3. Partial Transfers https://www.moneyhelper.org.uk/en/pen.... 4. Tax relief https://www.aviva.co.uk/business/work... https://getpenfold.com/news/claim-hig... 5. Opting out STOP IT! 6. Lost https://www.gov.uk/find-pension-conta... 7. Contact details https://mintago.com/pension-retiremen.... 8. Auto enrolment enough https://www.nowpensions.com/employers... 9. Self employed https://www.crunch.co.uk/knowledge/ar.... 10. Shop around • The Best SIPP for Every Investor in 2024 https://financialinterest.com/best-si... 11. Counting on state https://ifs.org.uk/publications/futur.... 12. Drawing too early https://www.gov.uk/tax-on-pension/tax... 13. MPAA https://www.moneyhelper.org.uk/en/pen... 14. Pension focus The stocks and shares ISAs I use: 📈 Trading 212 https://trading212.com/promocodes/DAMIEN If you do not get your free share after depositing £1. Use promo code DAMIEN, you will find it in the section with the three lines in the bottom right corner of the app. InvestEngine https://investengine.pxf.io/eKR40z Get a Welcome Bonus of up to £50 when you invest at least £100 with InvestEngine Vanguard https://www.vanguardinvestor.co.uk/ This is not an affiliate link 15. Government messing Enough said.. 16. Junior SIPP https://www.thetimes.com/money-mentor... 17. Relax DISCLAIMER: Some of these links may be affiliate links. If you purchase a product or service using one of these links, I will receive a small commission from the seller. There will be no additional charge for you. Free shares can be fractional for more information see these terms. This video does not represent financial advice, and I am not a financial advisor. When investing, your capital is at risk. Investments can rise and fall and you may get back less than you invested. Past performance is no guarantee of future results. Timestamps 00:00 - Mistakes 00:18 - Defaults 01:57 - Pension Advice Allowance 02:29 - Partial transfers 03:57 - Tax relief 05:26 - Opt out 06:01 - Lost 06:23 - Contact 06:42 - Auto enough 08:13 - Self employed 08:53 - Shopping around 09:43 - State pension 10:31 - Drawing early 11:49 - MPAA 12:31 - Pension focus 13:38 - Government messing 14:12 - JSIPP 14:56 - Relax