or for an ad-free Fetcheveryone experience!

The Retirement Thread

1 lurker | 176 watchers
EvilPixie
EvilPixie
Dec 2022
2:28pm, 16 Dec 2022
38,596 posts
  •  
  • 0
EvilPixie
ISO is still a thing well was when I taught Cisco 4-5 yrs ago

anyway wrong thread for this ... back to retirement!

I was reading yesterday that you can avoid IHT by putting money in a pension ... that passes to spouse tac free so doesn't count to the limit
XB
XB
Dec 2022
4:03pm, 16 Dec 2022
15,535 posts
  •  
  • 0
XB
It isn't payable on transfers to spouses
XB
XB
Dec 2022
4:06pm, 16 Dec 2022
15,536 posts
  •  
  • 0
XB
Spell check changed IHT to it but it still makes sense.
Curly45
Curly45
Dec 2022
4:34pm, 16 Dec 2022
4,352 posts
  •  
  • 0
Curly45
Anyway, unpopular opinion, but we're refusing to minimise our estate for IHT purposes and we both believe tax should be paid as due.
Diogenes
Diogenes
Dec 2022
4:37pm, 16 Dec 2022
75,159 posts
  •  
  • 0
Diogenes
I don't think death should be a tax opportunity. I think we should pay more tax when living and working.
Raptors Claws are coming to town
Raptors Claws are coming to town
Dec 2022
5:03pm, 16 Dec 2022
61,655 posts
  •  
  • 0
Raptors Claws are coming to town
There are inheritance tax benefits from having your assets in a SIPP if you leave them to someone other than your spouse as the SIPP is treated as being outside your estate, and also income tax benefits for the beneficiaries if you die before 75. My SIPP provider gives the option of nominating the beneficiaries on the platform. In practice it's not relevant to me because unless Ernie throws me a big one and I die before I can spend and donate it I'll be well under the IHT threshold.
Hanneke
Hanneke
Dec 2022
5:44pm, 16 Dec 2022
96,877 posts
  •  
  • 0
Hanneke
For me though, that was a consideration.
I only have my sister left and we decided to skip her and my estate goes 50/50 to my niece and nephew. Dutch law applies to my estate which means they get majorly stung for tax as the tax free sum is something like €13.000.
However: whatever is left in my SIPP will go to them too, as I nominate them on there and because it falls outside my estate, they just have to pay income tax. They can receive a one off gift of I think €35.000 each without it attracting tax so they should be ok and can use it to pay inheritance tax...
Merry Lip Gloss
Merry Lip Gloss
Dec 2022
5:50pm, 16 Dec 2022
66,563 posts
  •  
  • 0
Merry Lip Gloss
Just been given a pay rise which of course means more into the retirement pot so that helps
Hanneke
Hanneke
Dec 2022
5:50pm, 16 Dec 2022
96,883 posts
  •  
  • 0
Hanneke
Yay!
Flatlander
Flatlander
Dec 2022
6:16pm, 16 Dec 2022
2,638 posts
  •  
  • 0
Flatlander
My estate will pay no IHT because the value of my estate above whatever IHT allowance is in place when I die will go to various charities.

About This Thread

Maintained by Sigh
A place for baggy spaciousness: "The quality of time, soft attention and ease that we could enjoy 'doing nothing' "
(thanks to TheScribbler for the term (p1516)!)
( see also: neilthewriter.co.uk
and
darkangelswriters.com )

Retirees Hall of Fame

star McGoohan star (15.01.25)
Marmite (01.01.25)
Roobarb (20.12.2024)
gribb0 (20.12.24)
3M (18.12.24)
Jigs (25.09.24)
Synge (30.08.24)
Silvershadow (02.08.24)
Hibeedeb (02.08.24)
Winniefree (08.07.24, 2nd attempt)
EvilPixie (24.06.24)
Snail (21.06.24)
GregP (14.06.24) (after part retirement 31.03.23)
Fizz :-) (13.06.24)
Jaks (15.05.24) (third time of retiring)
HellsBells (31.03.24) (orig. May 2018)
TROSaracen (07.02.24)(semi retired since mid 2019)
Hanneke (01.02.24)
Jenni-far-far (28.12.23)
FergusG (22.12.23)
Mrs Jigs (Luverlylegs) (11.12.23)
eL Bee! (30.11.23)
Lip Gloss (22.11.23)
jda (28.08.23)
RFJ (23.08.23)
Sigh (28.07.23)
Schnecke (end of school term 07.23)
Sharkie (05.07.23)
Ally-C (08.06.23)
Rebel (12.05.23)
CogNoscensme AHA (07.04.23)
Windsor Wool (05.04.23)
Bob! (30.03.23)
Velociraptor (21.03.23)
Garfield (provisional, 27.02.23) (see p.699)
ThorntonRunner (20.12.22)
DrMags (30.07.21)
MaltDrinker (30.07.21)
DoricQuine (15.06.21)
Mandymoo (21.05.21)
Eynsham Red (06.05.21)
GimmeMedals (31.08.20)
Steve NordRunner (01.08.19)
um (May 2017)
macca 53 (31.10.17)
XB (07.07.16)
Flatlander (November 2011)
Helegant
Ness
SarahWoo
Rosehip
alpenrose
Johnny Blaze
annadav
K5 Gus
Curly45
LazyDaisy
Dave..M
jabberknit
Shades
Northern Exile
Nick Cook

[other names to follow, on request]

In the Waiting Lounge, with one eye on the door

dobbers (28.02.25, tbc)
Dillthedog (27.03.25 confirmed)
westmoors (31.03.25 confirmed)
Bazoaxe (June 2025)
B Rubble (June 2025)
geordiegirl (target: July 2025)
GeneHunt59 (target: July 2025)
RRR-CAZ (September 2025)
Bigleggy (target: December 2025)
HappyG (target: end of 2025 at the earliest)

Runningbauble21 (target: June 2026)
MadWelshWoman (target: Summer 2026)
cathrobinson (target: 2026 onwards)
OverTheHillToo (target: approx. 2026)

Diogenes (17.03.27)

Hills of Death (HOD) (April 2026-April 2030)
Gromit (July 2030)
CK2 (2030)

[other names to follow, on request]

Just browsing at the moment

Daz Love
Totriornottotri
DIY Diva

[other names to follow, on request]

Retirement Failures

Currently empty :-)

[other names to follow, on request]

Useful Links

FE accepts no responsibility for external links. Or anything, really.

Related Threads

  • age
  • finances
  • lifeadmin
  • support
  • work








Back To Top

Tag A User

To tag a user, start typing their name here:
X

Free training & racing tools for runners, cyclists, swimmers & walkers.

Fetcheveryone lets you analyse your training, find races, plot routes, chat in our forum, get advice, play games - and more! Nothing is behind a paywall, and it'll stay that way thanks to our awesome community!
Get Started
Click here to join 113,933 Fetchies!
Already a Fetchie? Sign in here