Pension Magic 2021/22: 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 12th edition was published in June 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 individuals
• All company owners
• Salary earners (except those with final salary pensions)
• Non-working spouses
• Accountants and financial advisers

Subjects covered include:

• All relevant changes announced in the most recent Budget
• 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 41.67% more income by putting their savings in a pension instead of an ISA
• How 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 directors
• Why company pension contributions will become even more attractive when corporation tax increases in 2023
• How to use your pension savings to buy property for your business
• How your business can borrow money from your pension
• How landlords can use pension contributions to beat the mortgage tax change
• How parents claiming child benefit can receive 66% tax relief
• Benefits and drawbacks of withdrawing 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 now one of the best inheritance tax shelters