Planning minister Iqbal Hassan supported the resolution and said as unemployment was peaking in GB it should be declared tax-free
Childcare is open to parents whose youngest child is under nine, or who turned nine on January 15.
Because unused funds in the HSA never expire, the client's annual contributions can be left in the account to grow on a tax-deferred basis for years if the funds are not needed to cover medical expenses--creating an additional source of tax-free
funds in retirement.
Kung kaya, para dagdag pakunswelo sa kanila, ginawa nating P150,000 ang tax-free
kada kahon (Each balikbayan box usually contains around P80,000 worth of items.
Even then, as long as parents don't earn over their personal savings allowance (PS1,000 interest a year for basic 20 per cent rate taxpayers, PS500 for 40 per cent rate), it'll be tax-free
. For anything over, saving in a JISA would then actually protect it from tax.
Compared to FDs, tax-free
bonds offer interest on your principal amount, but come with longer maturities of 10, 15 and 20 years.
"Those who inherit pension funds can choose to keep it as a tax-free
pension, or they can just pay income tax on it and spend the money perhaps to help them onto the housing ladder or with education fees.
The way this totally unjust system works is that every time your tax-free
"allowance" rises, you pay more tax which is the opposite of when you worked.
Now that I've defined the tax-free
paradigm, let's see how some of the mainstream financial gurus measure up.
You know, when all the people in Massachusetts get excited due to the upcoming tax-free
"holiday'' that the political leaders in this state were so gracious to grant us.
Now throw in Tax-Deferred Growth, Tax-free
Access and the Ability to Pass the Asset On Income-Tax Free and the options become even thinner.