Pension Magic 2021/22

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 11th edition was published in April 2021 and contains all the latest changes.The book is written in plain English with dozens of easy to follow examples. It is essential reading for: All self-employed individualsAll company ownersSalary earners (except those with final salary pensions)Non-working spousesAccountants and financial advisers Subjects covered include: All relevant changes announced in the most recent BudgetA 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 stageHow a couple can increase their retirement income by over 30% by correctly choosing who makes pension contributions Why higher-rate taxpayers will typically enjoy 41.67% more income by putting their savings in a pension instead of an ISAHow to boost your pension contributions by up to 34% with a salary sacrifice pension Why company pension contributions are an attractive alternative to dividends for company directorsWhy company pension contributions will become even more attractive when corporation tax increases in 2023How to use your pension savings to buy property for your businessHow your business can borrow money from your pensionHow landlords can use pension contributions to beat the mortgage tax changeHow parents claiming child benefit can receive 66% tax reliefBenefits and drawbacks of withdrawing pension savings to invest in propertyPension strategies for high income earners (including the tapered annual allowance)A whole chapter on the lifetime allowanceHow to avoid being hit by the pension recycling rulesWhy pensions are now one of the best inheritance tax shelters