Publisher's Synopsis
Publication date: June 2017 - Plain English guide with dozens of examples and tax planning tips.
Pension Magic shows you how to build a big retirement pot by claiming thousands of pounds of extra tax relief on your pension contributions.
Subjects covered include:
- All relevant changes announced in the March 2017 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 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 £72 for every £100 they invest in a pension
