Pension Magic shows you how to build a big retirement pot by enjoying thousands of pounds of extra tax relief on your pension contributions.
The 16th edition was published in June 2024 and contains all the latest tax and pension changes, including full details of the new Lump Sum Allowance and Lump Sum and Death Benefit Allowance.
The book is written in plain English with dozens of easy to follow examples. It is essential reading for:
Self-employed individualsCompany ownersSalary earners (except those with final salary pensions)Accountants and financial advisers
Subjects covered include:
Important pension changes announced in the March 2024 BudgetA plain-English guide to how pensions work and how to save more tax when you're putting money in or taking money outWhy higher-rate taxpayers will typically enjoy 41.67% more retirement income by saving in a pension instead of an ISAHow high income earners can enjoy up to 60% tax relief on their pension contributionsHow couples can significantly increase their retirement income by correctly choosing who makes pension contributionsHow to reduce your capital gains tax bill with pension contributionsWhy the recent scrapping of the lifetime allowance makes pensions more attractive than everHow to save income tax AND national insurance with a salary sacrifice pension Why company pension contributions are an attractive alternative to dividends for company directorsHow your pension savings can be used to buy property for your businessWhy pensions are possibly the best inheritance tax shelter there isPlus lots and lots more
