PAGES: 237
EDITION: 9th
ISBN: 9781911020448
STATUS: IN STOCK
Pension Magic
How to Make the Taxman Pay for Your Retirement
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 is completely up to date for the current 2019/20 tax year. The guide contains full details of ALL the major pension changes that have taken place recently.
Pension Magic is written in plain English with dozens of real-life examples. It is essential reading for:
- All salary earners and non-working spouses
- All self-employed individuals
- All company owners
- Accountants and financial advisers
Excellent guidePB
Excellent source of up-to-date information about how to take full advantage of UK personal pension rules to maximise tax relief. Clearly written and supported with a great number of explanatory examples - makes this dry subject easy to understand.
Excellent laymans guide to the benefits of saving in a PensionVeri Vendace
I was looking for a straightforward explanation of the benefits of using a Pension as a tax saving vehicle and this book did not disappoint. What I particularly liked was the way the book makes copious use of real world examples which really helps to understand what is being said.
Five StarsMRS C WARREN
This book has my highest recommendation - it saved me money!
What Information is Contained in the Guide?
Subjects covered include:
- All relevant tax changes announced in the October 2018 Budget and March 2019 Spring Statement.
- A plain-English guide to the new pension rules:
- How much you can put in
- How and when you can take money out
- How to maximise your tax savings at each stage
- Why pensions are the best tax saving device for salary earners and business owners... with full Government approval!
- Why higher-rate taxpayers will typically enjoy 41.67% more income by putting their savings in a pension instead of an ISA.
- Why pensions are now one of the best inheritance tax shelters and can be used to pass wealth tax free down the generations.
- How a couple can increase their retirement income by over 30% by correctly choosing who makes pension contributions.
- Pensions vs buy-to-let - Detailed examples showing the benefits and drawbacks of using your pension savings to invest in property.
- How to boost your income by 77% by investing in a Lifetime ISA first and then a pension, thereby enjoying two rounds of tax relief!
- How to make a backdated tax relief claim (a quarter of higher-rate taxpayers do not claim all the tax relief they are entitled to).
- How parents with child benefit can get a tax refund of up to £72 for every £100 they invest in a pension.
- How to enjoy income tax relief and national insurance relief (including the 13.8% paid by your employer) with a salary sacrifice pension.
- How basic-rate taxpayers can increase their pension pots by 33% by postponing their pension contributions.
- How to calculate your ideal pension contribution (the one that saves you most tax) if you are a higher-rate taxpayer.
- Pension strategies for high income earners (income over £100,000 or £150,000).
- Pension strategies for business owners, including:
- Why getting your company to make pension contributions is now better than making them personally.
- Why company pension contributions are a highly tax-efficient way to extract money from your business.
- Pension tips for sole traders and other self-employed individuals.
- The benefits and drawbacks of putting commercial property into a pension.
- How you can use your pension savings to make a loan to your business.
- Everything you need to know about “auto-enrolment” - the new compulsory pensions for employees.
- How to give your children or grandchildren a retirement pot worth over £1 million.
- Full details of the new Pension Freedom rules, including the new "flexi-access drawdown", "uncrystallised funds pension lump sum" and money purchase annual allowance.
- How landlords can reverse the cut in mortgage tax relief by making pension contributions.
- How to avoid being hit by the pension recycling rules.
- The lifetime allowance - a new chapter explaining how it works and whether you are in danger of exceeding it.
Click here to view the contents pages and first section of the book
About the Author
Dr Nick Braun founded Taxcafe in 1999. Over the past 19 years the company has become one of the UK's best-known tax publishers and has won several prestigious business awards. Nick has been a specialist tax writer since 1989, first in South Africa where he edited the monthly Tax Breaks publication and since 1999 in the UK, where he has authored several tax books. Nick also has a PhD in economics from the University of Glasgow where he was awarded the prestigious William Glen scholarship and later became a Research Fellow.
Free Bonus Tax Guide - How to Save Tax 2019/20
When you order this guide you will also receive a FREE copy of How to Save Tax 2019/20.
This comprehensive tax guide contains 174 pages of tax saving tips. It is completely up to date with all the latest tax changes announced in the October 2018 Budget, the March 2019 Spring Statement and all previous Budgets - essential reading for anyone who wants responsible, tried and tested tax planning ideas.
Please click here for more information on this excellent bonus ebook.
What Will I Receive?
- Pension Magic - Professionally printed by one of the UK's leading printers.
- A FREE optional PDF copy of the guide, emailed immediately. This means you can start saving tax just seconds after ordering!
- A FREE copy of our new comprehensive guide How to Save Tax - packed with useful tax tips and information - emailed immediately.
- FREE Postage - For a limited time only we are offering free postage, no matter how many guides you buy. Orders are dispatched same day.
- Buy with Confidence - Taxcafe uses Worldpay's renowned secure payment system. We also accept payments via PayPal.
- 100% Money Back Guarantee - You are entitled to a full refund if you are not entirely happy with your purchase.
