Chris Exley Money Geek

How do you feel about these tax liabilities?

For me a few problems…

1) Fiscal drag - already it’s having an adverse impact on productivity imo. By 2031 it’s going to be bleak - something has to give.

2) £100k tax trap - loss of childcare, tax free childcare, personal allowance. Again madness - someone should not be worse off by working more.

Note: Child benefit tapers on income between 60 and 80k.

⚠️ This content is not financial advice and should be used for educational purposes only. We recommend you do your own research and consider taking personal advice before making any financial decisions.

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⚠️ This content is not financial advice and should be used for educational purposes only. We recommend you do your own research and consider taking personal advice before making any financial decisions.

Have you seen videos like this?

The motive is often to make investing and achieving financial freedom seem easier than it really is.

It isn’t.

But don’t underestimate how damaging ignoring inflation could be.

So when you run your compounding calculations or when you build your plan.

Please please please, as a minimum - use an inflation adjusted growth rate.

And when you see posts like this - question the motives 🤫.

ASSUMPTIONS: 8% return, 3% inflation. All numbers are illustrative only and approximate.

⚠️ This content is not financial advice and should be used for educational purposes only. We recommend you do your own research and consider taking personal advice before making any financial decisions.

Thousands will suffer this trap…

Pensions will form part of the estate from 2027 - this will bring 1000s of families into paying Inheritance Tax.

But we’re not prepared.

SEND THIS TO SOMEONE YOU THINK IT COULD HELP BECAUSE…

Spouses pay ZERO inheritance tax assuming assets are left to one another on death (needs a will).

Up to £500k of nil rate band will be passed onto a surviving spouse.

In English - married partners will pay nothing when you die, and your kids will pay substancially less when they die.

So that ‘scrap of paper’.

It could be quite literally worth more than it’s weight in gold.

Also applies to civil partnerships of course.

⚠️ This content is not financial advice and should be used for educational purposes only. We recommend you do your own research and consider taking personal advice before making any financial decisions.