138- Why Age 75 Matters

Turning 75 plays a significant role in your financial plan, and more specifically the tax efficiency (or tax inefficiency) of your affairs. Whether this applies to you or someone close to you, following this episode you'll understand and appreciate the nuances of why turning 75 matters and impacts: Pension tax relief on your contributions,Death income tax benefits pre and post age 75 and, Considerations around Inheritance Tax planning, and how the changes due to come into effect in April 2027 muddy the waters somewhat. It's a complex one money nerds, but arming yourself with this knowledge could save you, or a loved one, £000's in unnecessary and often avoidable taxes. Join Benjamin Mitchell (themoneyscot), serial hater of financial jargon, as he helps make your finances clearer and ensures you never make another financial mistake. Getting on top of your personal finances doesn't need to be complicated or scary. Arm yourself with the only knowledge you need to transform yourself from money novice to money nerd!  Take my 5 minute retirement assessment (can you already afford to retire?) 🚀Disclaimer - please note that nothing in this podcast can be relied upon as financial advice and the content is provided purely for information and guidance purposes. Please seek independent, regulated financial advice relevant to your situation.