PAGES: 263
EDITION: 15th
ISBN: 9781911020851
STATUS: IN STOCK
Pension Magic
How to Make the Taxman Pay for Your Retirement
Pension Magic shows you how to build a bigger retirement pot by securing thousands of pounds of extra tax relief on your pension contributions.
The 15th edition has just been published (May 2023) and is completely up to date with all the major pension changes announced in the March 2023 Spring Statement.
Along with huge income tax savings, the scrapping of the 55% lifetime allowance charge means that pensions now offer an unlimited inheritance tax shelter.
The book is written in plain English with dozens of real-life examples and is essential reading for:
- All self-employed individuals and landlords
- All company owners
- Salary earners (except those with final salary pensions)
- Accountants and financial advisers
What Information is Contained in the Guide?
Subjects covered include:
- All the tax and pension changes announced in the March 2023 Spring Statement.
- A plain-English guide to the pension rules:
- How much you can put in
- How and when you can take money out
- How to maximise your tax savings at every stage
- Why pensions are the best tax saving device for salary earners and business owners... with full Government backing!
- Why higher-rate taxpayers will typically end up 41.67% better off by saving in a pension instead of an ISA.
- How couples can increase their retirement income by over 30% by correctly choosing who makes pension contributions.
- How pension contributions can help you pay less capital gains tax when you sell assets like property.
- A fully updated and expanded chapter for high income earners - those earning anything close to £100,000.
- How higher income earners can enjoy between 50% and 60% tax relief on their pension contributions.
- How parents claiming child benefit can typically enjoy between 52% and 69% tax relief on their pension contributions.
- How to enjoy income tax relief and national insurance relief with a salary sacrifice pension.
- Why pensions are now one of the best inheritance tax shelters and can be used to pass wealth tax free down the generations.
- Pension strategies for business owners, including:
- Why company pension contributions are now, more than ever, an attractive alternative to dividends.
- How company owners could end up paying just 15% tax on their pension income, compared with 51% tax on their dividends.
- Why company pension contributions are even more attractive following the increase in corporation tax.
- How to use your pension savings to buy property for your business.
- How your business can borrow money from your pension.
- The increase in the money purchase annual allowance to £10,000, helping those who tap their pensions rebuild their savings.
- How to pay less income tax when you withdraw money from your pension.
- How to avoid being hit by the pension recycling rules - rules that prevent you enjoying two rounds of tax relief.
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 23 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 2023
When you order this guide you will also receive a FREE e-book copy of How to Save Tax 2023.
This comprehensive tax guide contains over 150 pages of tax saving tips. Updated following the March 2023 Budget, it contains all the latest tax changes and is essential reading for all salary earners, business owners, landlords and retirees - anyone who wants responsible, tried and tested tax planning information.
Please click here for more information on this excellent bonus e-book.
What Will I Receive?
- Printed Book Orders - 263 page professionally printed book plus FREE PDF copy (immediate download)
- eBook Orders - 263 page PDF book (immediate download)
- All Orders - A FREE copy of our bonus guide How to Save Tax (immediate download)
- 100% Money Back Guarantee - Full refund if you are not entirely happy with your purchase
- Free Postage - Printed books are posted same day. Postage currently to UK only.
