How To Get Free Money – UK Guide

Free money. Everyone wants it, don’t they?

But is there such a thing?


Free money is available to virtually everyone who lives and works in the UK today. Read on to find out how.

I am going to tell you how I have received literally thousands of pounds and it’s all legal. Don’t worry about that.

But it’s not a fast way of making money, in fact it’s very slow.

But what is this magical system where you can be given thousands upon thousands of pounds for free, for the whole of your working life?

It’s called a pension.


Starting a pension is the most widespread way of getting free money in the UK.

And it’s easier than ever to take advantage of in this day and age.

But how is the money free?

Well yes, you have to put your money in the pension to access the bonus cash as it were. Either a lump sum, regularly over time or both. And the money cannot be accessed until your later years. But the fact remains that the current pension deal on offer in the UK amounts to free money. Which means I’m always at a loss whenever someone tells me they are opting out of a workplace pension.

Let’s look at the numbers. For simplicity’s sake, I’ll look at numbers for basic rate taxpayers.

For starters, a basic rate taxpayer will receive 20% on top of any contributions they make. Effectively, if you put £80 into your pension fund, the government will top it up to £100.

Not only that but with the new workplace pension rules, if you contribute 5% from your monthly salary, your employer must contribute 3% on top of this.

In addition, you also get 20% tax relief on top of your employer’s contributions (basic rate taxpayer numbers again).

And these are just the contributions and tax relief.

Your pension savings will more than likely be invested in the stock market.

And whilst investments can have risks, they can also have rewards.

The aim of a pension is to provide you with a pot of money so you have an income for your retirement. And the earlier you start a pension, the better chance you have of riding out the ups and downs of the stock market and earning money to bank at a later date.

This means the better your chance of making financial gains and benefiting from the power of compound interest.

So, in summary, let’s see how a pension can mean free money for you.

  • 20% bonus on top of your contributions
  • 3% employer contribution (if you commit to 5% contributions)
  • 20% bonus on top of your employer’s contributions
  • Compound gains from investing your pension money (not guaranteed)

Free money – there it is – was it everything you expected? Personally speaking, I think it’s great and I do take full advantage of it.

Photo by Dino Reichmuth on Unsplash

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