I was struggling a bit to understand stand the pension recycle part. In particular how this may apply if you need to pay any 40% tax in drawdown and also if you are surfing around the LTA limit. ...
https://monevator.com/reduce-tax-in-retirement/comment-page-1/#comment-1230798
I have always been a fan of making plans, and understanding exactly what type of taxation will apply to a certain type of investment, once you know then you know. Using tax deferred investments l...
https://monevator.com/reduce-tax-in-retirement/comment-page-1/#comment-709555
Great tips, thanks. I am close to retiring myself (age 62) and can put these tips into use once my working career is over.
https://monevator.com/reduce-tax-in-retirement/comment-page-1/#comment-691402
Is there away of preventing my Mum from paying HRT. She is aged 82 and gets annual income from my Dads death in service pension of £50000. This is paid to her monthly with tax deducted. On top o...
https://monevator.com/reduce-tax-in-retirement/comment-page-1/#comment-691400
Is it a fact that if a persons annual income falls below a certain figure his savings will not be taxed? If so what is the maximum figure?
https://monevator.com/reduce-tax-in-retirement/comment-page-1/#comment-691069
@2l2r Bear in mind, re your EU passport, that there may be an EU in/out referendum in the next UK parliament.
https://monevator.com/reduce-tax-in-retirement/comment-page-1/#comment-691052
@2l2r Rushing off to watch football but for a quick tip take a look at https://www.gov.uk/tax-foreign-income/taxed-twice
https://monevator.com/reduce-tax-in-retirement/comment-page-1/#comment-690939
Thanks Steve - By Euro passport I meant European Union. Clearly all of the gains falling into place to maximize the yearly allowances would take some planning, however with the option for losses ...
https://monevator.com/reduce-tax-in-retirement/comment-page-1/#comment-690909
@2l2r To reiterate Topman domicile and residence are big factors here. I'm not familiar with the euro passport and what that means. However if HMRC doesn't consider you to be UK domiciled there c...
https://monevator.com/reduce-tax-in-retirement/comment-page-1/#comment-690845
Thanks Topman - there are no residency issues as I have a Euro passport - unless UKIP have other plans ;). I lived for years in the UK and am now approaching retirement and exploring the option o...
https://monevator.com/reduce-tax-in-retirement/comment-page-1/#comment-690844
@2l2r Hi. You don't give any nationality details. Whatever, if you haven't already done so, it would be advisable to check out the situation for yourself and your spouse vis à vis UK "residence"...
https://monevator.com/reduce-tax-in-retirement/comment-page-1/#comment-690835
Need to get some feedback from UK residents. I currently live in the US and part of our early retirement plan is to keep our joint income below 90K and as such pay no Federal tax ( see Curry Crac...
https://monevator.com/reduce-tax-in-retirement/comment-page-1/#comment-690798