Pension Magic: How to Make the Taxman Pay for Your Retirement

by Nick Braun

Pension Magic shows you how to build a fat retirement pot by claiming thousands of pounds of extra tax relief on your pension contributions. Written in a highly engaging style, with fascinating examples throughout, this is not only one of the most useful, but also one of the most interesting wealth building books of recent years. Subjects covered include how you could end up with 136% more income by making full use of the amazing pension tax reliefs, how a couple can increase their retirement income by over 30% by correctly choosing who makes pension contributions, how to make a backdated tax relief claim (400,000 people don't claim as much as they should), how parents with income of £50,000 to £60,000 can protect their child benefit and receive a tax refund of up to £72 for every £100 they invest in a pension, how to boost your pension pot by over £50,000 (possibly over £100,000) with a salary sacrifice pension, why pensions are much more powerful tax shelters than ISAs delivering between 42% and 84% more after-tax income, how basic-rate taxpayers can increase their pension pots by 33%, how higher-rate taxpayers can calculate their optimal pension contribution and enjoy the maximum tax relief, pension strategies for high income earners, pension strategies for company directors and other business owners, how property investors can completely avoid paying income tax on buy-to-let properties and how to give your children or grandchildren a £1.5 million retirement pot.

238 pages, Paperback

First published March 29, 2012