Publisher's Synopsis
Pension Magic shows you how to build a big retirement pot by claiming thousands of pounds of extra tax relief on your pension contributions. Subjects covered include how a couple can increase their retirement income by over 30% by correctly choosing who makes pension contributions, everything you need to know about the new Lifetime ISA, why a Lifetime ISA will be better than a pension if you're a basic-rate taxpayer, why pensions are much more powerful than regular ISAs, delivering 42% more after-tax income, how to boost your pension contributions by up to 34% with a salary sacrifice pension, how higher-rate taxpayers can calculate their optimal pension contribution and enjoy the maximum tax relief, why company pension contributions are now an attractive alternative to dividends for company directors, how landlords can use pension contributions to beat the reduction in mortgage tax relief and how parents claiming child benefit can receive a tax refund of up to £72 for every £100 they invest in a pension.
