Overview

Pension Magic shows you how to build a big retirement pot by claiming thousands of pounds of extra tax relief on your pension contributions. The 9th edition was published in June 2019 and contains fully updated guidance. The book is written in plain English with dozens of easy to follow examples. It is essential reading for: All self-employed individuals All company owners Salary earners (except those with final salary pensions) Non-working spouses Accountants and financial advisers Subjects covered include: All relevant changes announced in the most recent Budget A plain-English guide to the new pension rules: how much you can put in, how and when you can take money out and how to maximise your tax savings at every stage How a couple can increase their retirement income by over 30% by correctly choosing who makes pension contributions Why pensions are much more powerful than ISAs, delivering up to 42% more after-tax income How to boost your pension contributions by up to 34% with a salary sacrifice pension How higher-rate taxpayers can calculate their optimal pension contribution and enjoy the maximum tax relief Why company pension contributions are now an attractive alternative to dividends for company directors How to use your pension savings to buy property for your business A new chapter explaining how your business can borrow money from your pension How landlords can use pension contributions to beat the reduction in mortgage tax relief How parents claiming child benefit can receive a tax refund of up to GBP72 for every GBP100 they invest in a pension Benefits and drawbacks of withdrawing pension savings to invest in property Pension strategies for high income earners A new chapter on the lifetime allowance How to avoid being hit by the pension recycling rules Why pensions are now one of the best inheritance tax shelters

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9781911020448

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