Long term planning - reduce tax bill

Newly_retired

Gift Aiding keeps me within the 20% tax band.

mither_2

https://forums.moneysavingexpert.com/discussion/comment/82000572#Comment_82000572

The intention would be not to draw any until retirement. Earliest age allow is 60. Can this be changed? The stage pension retirement age can be pushed back. Can this also be? It would be the pension holder's own cash going in and so less likely?

Presumably depending on the size of the estate tthis could be subject to IHT?

Albermarle

https://forums.moneysavingexpert.com/discussion/comment/82003337#Comment_82003337

Anything can be changed by legislation, but there would be no obvious advantage for the Treasury in increasing the age beyond 60.

However there have been rumblings in the current and previous Gov., that LISAs would be 'looked at' at some point as they have not proved particularly popular. and the dual purpose of them was potentially confusing ( the public are easily confused by anything connected to personal finance) .

mither_2

Thank you. That's really helpful.