Personal Tax: Retire Rich with a Salary Sacrifice Pension

Retire Rich with a Salary Sacrifice Pension

How to Boost Your Pension Pot by over £50,000 at the Taxman’s Expense By Nick Braun PhD

PUBLICATION DATE: APRIL 2011
PAGES: 96
STATUS: IN STOCK

Updated with all 2011/2012 tax changes

Overview of Retire Rich with a Salary Sacrifice Pension

This brand new guide shows you how to increase your pension pot by over £50,000 (possibly over £100,000)… with the taxman paying the entire bill.

What’s it all about? Everyone who contributes to a pension enjoys income tax relief. Very few people receive any national insurance relief. With a salary sacrifice pension, all the national insurance paid by you and your employer is added to your pension pot.

Retire Rich with a Salary Sacrifice Pension is essential reading for:

• ALL employees
• ALL employers

Salary sacrifice pensions are probably the best tax saving device for salary earning employees but very few know about them, despite full approval from HM Revenue and Customs.

Although the term ‘salary sacrifice’ implies taking a pay cut, your income remains exactly the same – in fact, the arrangement can be structured so that your take-home pay increases!

Salary sacrifice is used by employees of some of the country’s biggest companies but you don’t have to belong to a company pension scheme to benefit. Salary sacrifice also works with self-invested personal pensions (SIPPs) and other personal pensions.

What information is contained in Retire Rich with a Salary Sacrifice Pension?

Subjects covered include:

• All the latest changes from the March 2011 Budget.
• The NEW pension contribution rules… and why they could save you thousands of pounds in tax every year.
• A plain English guide to how salary sacrifice works.
• A case study showing how basic-rate taxpayers can increase the amount they save by 63% with a salary sacrifice pension.
• A case study showing how higher-rate taxpayers can increase the amount they save by 91% with a salary sacrifice pension.
 

• A special chapter for high income earners (those earning over £100,000 and over £150,000).
• How to calculate how much YOU could save with a salary sacrifice pension
• … plus tables of potential savings.
• The alternative route: How to increase your take-home pay with a salary sacrifice pension.
• How a salary sacrifice pension could protect your child benefit payments if you are a higher-rate taxpayer.
• How to set up your own salary sacrifice arrangement with minimum fuss.
• The special rules for bonus sacrifices.
 

• Potential drawbacks and how you can avoid them.
• Why national insurance increases in April 2011 will make salary sacrifice pensions even more attractive.
• Everything you need to know about your basic state pension and state second pension.
• Everything you need to know about the new compulsory pensions being introduced in 2012.

About the Author

Nick Braun has been involved in the tax publishing world for over 20 years as a writer, editor and publisher. He holds a doctorate in economics from the University of Glasgow, where he was awarded the prestigious William Glen Scholarship and later became a Research Fellow. Nick is also one of the UK’s only Enrolled Agents, authorised to represent taxpayers in dealings with the United States Internal Revenue Service (IRS).

Contents of Retire Rich with a Salary Sacrifice Pension

Introduction

Chapter 1 Income Tax & National Insurance: A Five Minute Primer!

Chapter 2 Pension Tax Relief: How You Calculate It

Chapter 3 Pension Plan Basics

Chapter 4 Salary Sacrifice Case Study: Basic-Rate Taxpayer

Chapter 5 Salary Sacrifice Case Study: Higher-Rate Taxpayer

Chapter 6 Calculating How Much YOU Can Save

Chapter 7 High Income Earners

Chapter 8 The Alternative Way: Boosting Your Pay

Chapter 9 How to Convince Your Employer

Chapter 10 The Drawbacks

Chapter 11 How to Implement Salary Sacrifice Arrangements

Chapter 12 Sacrificing Bonuses

Chapter 13 How to Protect Your Child Benefit

Chapter 14 Future Changes to National Insurance

Appendix 1: Sample Employment Letter

Appendix 2: Useful Links

Ordering Information

Optional Free Electronic Book.

We offer all customers who purchase one of our eligible printed tax books the opportunity to receive an electronic copy of the same book free of charge. Simply contact us via email or phone following purchase.

Free guide included with every purchase

All customers will receive a complimentary electronic copy of our comprehensive tax guide ‘How to Save Tax 2011/2012′ – worth £19.95, with every purchase.

Pay online

Purchase “Retire Rich with a Salary Sacrifice Pension” now for £24.95 + £1.95 postage & packing using Google Checkout.

This price includes a free guide (see above).

Google Checkout

It’s quick and easy to register with Google Checkout. We chose Google from the hundreds of alternative payment systems on the web as it was a trusted secure brand and simple to use. Click here for more information on Google Checkout.

Receipts

You will automatically be emailed a receipt after your purchase. You can also logon to Google Checkout anytime for a record of your purchases or to print further copies of receipts.

Pay by phone, email or invoice

Alternatively, you can pay by phone (+44 (0) 207 193 1920), email enquiries@financialfluency.co.uk, or invoice, if required.

Discounts available for multiple purchases

If you wish to purchase more than one financial fluency tax publication, we will offer you a postage and packing discount. For multiple publications, please call us on (+44 (0) 207 193 1920) or email enquiries@financialfluency.co.uk

Any more questions?

For any questions, please see our frequently asked questions or send an email to support@financialfluency.co.uk.