The High Income Child Benefit Charge is draining your retirement—here’s the ruthless hack to keep the cash and retire wealthier than ever.
Living a £60,000-a-year lifestyle
The elephant in the room is of course that you can’t spend your pension until you’re, well, a pensioner.
Even though you’ll be quids-in one day by boosting your pension pot – thanks to your generous fellow taxpayers – you’ll need to take home enough now to keep your little darlings alive enough to qualify for their Child Benefit. Not to mention any other spending you consider essential.
You’ve no choice but to take a scythe to your budget. Only you can work out what’s dispensable and what’s non-negotiable for you.
Post Comment