Investing is a deliberate approach to making the most of your money over a specific period of time.Your investments should be balanced against your lifestyle needs – both present and future. For example, if you have a life changing event in the short term such as a...
There is value The recent tax free savings account (TFSA) presents value for everyone by escaping the taxes which are levied on interest, rental income and capital gains tax. Depending on the funds that you invest in, this could reduce the return by a few percentage...
Reason 1 – Tax effective for high tax payersFollowing last weeks topic on why you should not have an endowment it stands to reason that you will benefit from investing in an endowment if your tax rate is higher than 30%. The latest budget proposals have raised the top...
Endowments are policy contracts which commit you to a minimum investment period of 5 years after which the proceeds are tax free. They basically provide a so called “wrapper” around various funds of choice which may be invested in various assets, such as, equities,...