Pension Magic 2022/23: 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 13th edition was published in June 2022 and contains all the latest tax changes. The book is written in plain English with dozens of easy to follow examples. It is essential reading for: Self-employed individuals Company owners Salary earners (except those with final salary pensions) Accountants and financial advisers Subjects covered include: All tax changes in the October 2021 Budget and March 2022 Spring Statement A plain-English guide to the 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 higher-rate taxpayers will typically enjoy 42.9% more retirement income by saving in a pension instead of an ISA How to boost your pension contributions by up to 38% with a salary sacrifice pension Why company pension contributions are now, more than ever, an attractive alternative to dividends for company directors How to use your pension savings to buy property for your business How your business can borrow money from your pension How parents claiming child benefit can receive 66% tax relief Benefits and drawbacks of withdrawing your pension savings to invest in property Pension strategies for high income earners (including the tapered annual allowance) A whole chapter on the lifetime allowance How to avoid being hit by the pension recycling rules Why pensions are one of the best inheritance tax shelters

• | Author: Nick Braun
• | Publisher: Taxcafe UK Ltd
• | Publication Date: Jun 10, 2022
• | Number of Pages: 266 pages
• | Language: English
• | Binding: Paperback
• | ISBN-10: 1911020773
• | ISBN-13: 9781911020776