Full video. ​https://youtu.be/NUmiEuxujlU

Do you need to claim the UK State Pension? Many people believe their National Insurance contributions act like a private savings pot, but the reality of the UK’s "Pay As You Go" system is very different.

​In this video, we break down how the State Pension actually works, why it is technically a government benefit rather than a contractual right, and what that means for your retirement planning.

​We explore the often-polarising debate surrounding universal versus means-tested benefits. Should wealthy pensioners continue to claim the State Pension, or is it time for a change in how we distribute these limited national resources?

​What we cover in this video:

• ​The Myth of the "Pot of Money": Understanding the "Pay As You Go" mechanism and h ...