The UK system taxes work, savings, and pensions — but not benefits. If earned and unearned income are treated the same for eligibility, why aren’t they treated the same for tax? This video looks at the structural problem — not the people — and why the rules feel upside down for so many.# #commonsense #tax #politics
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Inheritance tax already raised £8.2bn last year — and from 2027, pensions will be included. \t•\tNil-rate band: £325k \t•\tResidence nil-rate band: £175k \t•\tThese can be transferred between spouses, meaning a couple could pass down £1m tax-free. Above that? It’s usually 40% tax. 👉 Get advice now — it could save your family thousands. #financialplanning #moneyadvice #inheritance #pensions
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