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TAKE THE RETIREMENT SCORECARD https://tfp-fp.scoreapp.com WORK WITH ME AND THE TEAM 1-1 retirement planning conversation with me: https://www.tfp-fp.com/retirement-ass... WHAT'S THIS VIDEO ABOUT Are you paying more tax in retirement than you need to? In this video, I reveal six tax traps that catch UK retirees off guard — and explain why each one is driven not by complexity, but by human psychology. From the State Pension shock to the GIA time bomb, from the Bed and ISA strategy that could save you thousands to the 2027 pension inheritance tax bombshell that flips everything advisers used to say about drawing order — this is the most important tax video for UK retirees this year. TIMESTAMPS 00:00 - Introduction: The Brain vs. HMRC 03:46 - Trap 1: The State Pension Shock 06:24 - Trap 2: The Tax-Free Cash Instinct 08:11 - Trap 3: The General Investment Account (GIA) Time Bomb 12:14 - Trap 4: Drawing from the Wrong Pot 14:42 - Trap 5: The 2027 Pension Bombshell (Inheritance Tax Changes) 22:38 - Trap 6: Emergency Tax Code Mistakes 25:34 - Summary of All 6 Traps PLEASE NOTE: All of my views are my own, and not representative of any company. Any personal opinions, ideas, and tips represented on this channel should not be seen as financial advice or a recommendation to take any specific course of action.