Merryn Somerset Webb

speaker

7,282 appearances 48 recordings 1 series first heard Apr 2026 last heard 2d ago

Merryn Somerset Webb’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 48 in all, peaking in Jun 2026 with 13.

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Merryn Talks Money · How to Turn Income Into an Inheritance Tax Break · 16 Sep 2026 podcast

It's just money.

It's just gonna

Okay.

Interesting.

And I suppose the final part of this question is, as far as the tax authorities are concerned, is it okay to make this effort to turn capital into income?

Because we mentioned earlier that they'll know if you change your lifestyle so that your unspent income is higher.

Will they also know and care if you adjust your finances, your investment?

investments such that you're no longer no longer looking for capital gains, but looking only for income.

Is that a problem?

Is that allowed?

Is that okay?

Okay.

I don't wanna go in any rabbit down too many rabbit holes here.

But why can you not yourself live off capital?

At which point all of your income is surplus income.

What if I, as say a sixty five, seventy year old person, decide that I will cover my personal expenses by selling fifty grands worth of my equities every year and living on that?

So I am living on capital, which means that every single bit of income that I receive is surplus income.

Can I give that all away?

Okay, so if you're doing this in a very simple way, you have m you have more income than you can possibly spend, you give it away, you are fine, keep close records.

If you want to do something a little more complicated, you have a little trick up your sleeve, get financial advice before you start.

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