The High Income Child Benefit Charge is draining your retirement—here’s the ruthless hack to keep the cash and retire wealthier than ever.
If you earn more than £60,000 because you have savings or investments generating income outside of an ISA or pension – and you’re more confident in your relationship than I ever would be – then you could transfer some of the income-generating assets to your lower-earning partner. (Make sure you don’t push their total income over the £60,000 threshold, obviously).
Does all this stick in the craw of some child-less readers?
Well yes. I appreciate Child Benefit wasn’t designed to boost the pensions of the middle classes. As I said, I’m just explaining what’s possible. I’m not passing moral judgement.
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