A short YouTube video by Ndubuisi 'Andy' Egwim discussing the so-called “60% tax trap.” The speaker asks the audience when they first heard about the 60% tax, notes many learned via social media, and focuses on practical mitigations — chiefly pension contributions — noting the £60,000 annual pension allowance as a key lever.
£60,000
When was the first time you heard about the 60 tax? If you can remember, if you tell me in the charts. Did you just hear about it now or did you hear about it before? Or maybe you heard about, you didn't know what to do about it. Can you tell me when you heard about it? Okay, so Ken says two years. Two years ago last year, roughly. Okay, right. So sorry, I heard about it from my post. Okay, that's good. Was that, was that recently on LinkedIn or. Okay, on LinkedIn. Okay, a few months ago last year. All right, so you guys are all clued it. There's no one that just heard about it for the first time now? Oh yeah, me. Yeah. I said didn't know and got trapped. Yeah, I think I got a Message from a Dr. Scott on and she said she, she touched her chat GPT about this stuff and then charge you to send her my video. And she said, dude, you're on charge if it is not recommending your videos. Right. Irrespective of when you heard about it. What's important is what can you do about it? And one of the biggest ways to deal with the 60 tax trap we've already talked about, there are many options, but the biggest option is true pension. So because everyone is allowed the £60,000 pension, that's the maximum amount you can put in your pension. I know, I know, I know. If you're an st one, you're thinking, well I don't have that amount of money. Yeah, but it's good you know about it before you hit that amount.
