What is a Pension?

The transcript discusses the concept of retirement, explaining that it means not working anymore and the importance of having a pension. It covers different types of pensions, including workplace, state, and personal pensions, and emphasizes the need for early saving and financial planning to ensure a comfortable retirement.

What did the mother explain about retirement?

What did the child think about retirement and not working?

How does a pension work according to the text?

What is the significance of starting to save early for a pension?

How do employer contributions work in relation to pensions?

What are the different types of pensions mentioned in the text?

What is a state pension and what are its requirements?