))
Ep 509 - Pension IHT changes, How much do you need to retire & Credit file hack
Manage episode 490154474 series 2635031
Content provided by Damien Fahy. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Damien Fahy or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
In this week's show Damien explores the proposed changes to Inheritance Tax (IHT) on defined contribution pensions, set to begin in April 2027. He also discusses strategies that could be used to mitigate the potential impact. Next, he takes a look at how much money you'll need in retirement in order to achieve a minimum, moderate and comfortable lifestyle. Finally, Andy explains how you can use a 'Notice of Correction' to improve your chances of securing credit if you have any negative marks on your credit report.
Check out this week's podcast article on the Money to the Masses website to see the full list of resources from this week's show
(00:00) - Money to the Masses Podcast Episode 509
(05:50) - Proposed Changes to IHT and the Implications
(07:42) - Strategies for Mitigating Inheritance Tax
(09:16) - Gifting and Charitable Contributions
(11:32) - Gifting from Income Exemption
(13:49) - Life Insurance and Other Mitigation Tools
(15:03) - Conclusion and Future Considerations
(16:12) - How much do you need to retire? Minimum, Moderate and Comfortable pension lifestyles revealed
(21:18) - Navigating Retirement Planning
(22:40) - Credit File Management and Notices of Correction
Follow Money to the Masses on social media:
YouTube - https://www.youtube.com/moneytothemasses
Facebook - https://www.facebook.com/moneytothemasses
Instagram - https://www.instagram.com/moneytothemasses
Tik Tok - https://www.tiktok.com/@moneytothemasses
You may already compare products and services online and make purchases but by doing so via our dedicated page you might not only save money but could also earn cashback or take advantage of exclusive offers for MTTM listeners.
Every time you use a link on the page we may earn a small amount of money for our podcast. We only use affiliate links that give you an identical (or better) deal than going direct. Thank you for being an incredible part of our community. Your support means the world to us.
Support the show by visiting and bookmarking our dedicated podcast page:
Money to the Masses Dedicated Podcast Page - Click to support the show
Links referred to in the podcast:
- IHT Gifting Exemptions (and how they work)
- Aberdeen Briefing Notes on IHT/Pensions
- How to find a good financial adviser you can trust
- Try out our free pension calculator
- Get a FREE pension review
- Subscribe to our Newsletter
If a link has an * beside it this means that it is an affiliated link. If you go via the link, Money to the Masses may receive a small fee which helps keep Money to the Masses free to use.
704 episodes
Share
