Sentences with phrase «accumulate funds tax»

A «deferred annuity» allows you to accumulate funds tax - deferred and then establish a payout stream at a later date.

Not exact matches

This discussion also does not consider any specific facts or circumstances that may be relevant to holders subject to special rules under the U.S. federal income tax laws, including, without limitation, certain former citizens or long - term residents of the United States, partnerships or other pass - through entities, real estate investment trusts, regulated investment companies, «controlled foreign corporations,» «passive foreign investment companies,» corporations that accumulate earnings to avoid U.S. federal income tax, banks, financial institutions, investment funds, insurance companies, brokers, dealers or traders in securities, commodities or currencies, tax - exempt organizations, tax - qualified retirement plans, persons subject to the alternative minimum tax, persons that own, or have owned, actually or constructively, more than 5 % of our common stock and persons holding our common stock as part of a hedging or conversion transaction or straddle, or a constructive sale, or other risk reduction strategy.

This is all the more important in a defined contribution (DC) world, where the individual - with help from employer contributions and tax rebates - is responsible for accumulating sufficient funds to supplement the UK state pension.

In the United States alone, just those companies in the S&P 500 have been hoarding more than $ 1.9 trillion in cash which began in response to jurisdictional tax disparities and global economic uncertainty following the Great Recession, then accelerated over the past decade as big U.S. corporations accumulated profits offshore in lieu of repatriating the funds and taking a tax hit.

In addition, NFPs are in danger of losing their tax - exempt status if they are too financially successful and their accumulated profits go beyond what the CRA believes is required to operate the NFP or if such accumulated profits are for the purpose of funding future capital projects.

They would accumulate debts with other nations to fund their military, then use that same military to conquer that nation and absolve their debts, and then in turn make their people tax paying Roman citizens.

The NPP whose economic team was led by this same Bawumia who doubled as the running mate to Nana Addo introduced the National Pension's Act 766 section 112 (5) of 2008 that rather imposed tax on voluntary pensioners who took their accumulated funds before 10 years.

Willsboro Central accumulated unrestricted fund balance that exceeded the statutory limit by approximately $ 977,000 — or nearly 12 percentage points — and has levied more taxes than were needed to fund operations during the 2013 - 14 through the 2015 - 16 fiscal years, the report revealed.

Hopefully, you have accumulated funds in multiple «pools» such as tax - free money, tax - deferred money, and taxable money.

If your financial house is in order and you've accumulated a healthy emergency fund and you are debt - free, another option to consider for you tax refund is to invest it.

Tax - conscious mutual fund investors should determine a mutual fund's unrealized accumulated capital gains, which are expressed as a percentage of its net assets, before investing in a fund with a significant unrealized capital gain component.

A fixed annuity lets you accumulate funds on a tax - deferred basis.

If you've maxed your RRSP contributions, for instance, putting funds into your personally owned life insurance policy is another way of accumulating savings that grow tax - free (although your initial contributions are not tax - deductible, as RRSPs are).

There are two main options for taking out «income» (now termed «accumulated income payments» or AIPs): if you as contributor withdraw the funds, then the AIP withdrawal is taxed in your hands at your tax rates plus an additional 20 % penalty; alternatively, you can roll up to $ 50,000 in AIP money over into an RRSP if you have unused RRSP contribution room.

Meanwhile, the funds in a deferred fixed annuity accumulate tax deferred until they are needed.

The funds in a traditional IRA accumulate tax deferred, which means you do not have to pay taxes until you start receiving distributions in retirement, a time when you might be in a lower tax bracket.

On top of the death benefit amount, this option allows any amount left in the policy fund to accumulate cash value and the total to be paid tax - free to the beneficiary.

Dear Veena, If you want to save some taxes + accumulate long term wealth, consider ELSS fund.

I understand that this is a good thing; the fund has accumulated a tax shield due to past losses.

Additional funds will accumulate tax deferred and can be used to help pay the cost of the insurance or to reduce premiums.

Also, when the funds are finally paid out to the child, the accumulated income earned in the plan (such as dividends or interest) is taxed in your child's hands at his or her lower tax rate.

I've now liquidated the e-series and rolled everything into just four ETFs — and I'll note for new readers that my passive portfolio is in my TFSA and RRSP so there were no tax consequences to this roll - over, but doing the same thing in a non-registered account would have made me realize (and pay tax on) any capital gains the e-series funds had accumulated.

A trust - like account established by a lender to accumulate funds for payment of property taxes, hazard insurance, and mortgage insurance.

Primary Bank's Health Savings Account is a tax - deferred way to accumulate funds for qualified medical expenses.

401 (k) employer - sponsored retirements plans have many benefits, including that the funds accumulate tax - deferred.

The funds in your pre-tax account will accumulate tax deferred until withdrawn, when they are taxed as ordinary income (except for any after - tax contributions you've made).

Because you do not have to pay taxes on any growth in your annuity until it is withdrawn, this financial vehicle has become an attractive way to accumulate funds for retirement.

Earnings accumulated in the plan are not subject to federal taxes and, in many cases, state taxes (if you're a resident of the sponsoring state)-- as long as funds are used for qualified higher - education expenses like tuition, housing and books / equipment.

A correctly implemented rollover avoids current taxes and allows the funds to continue accumulating tax deferred.

The cash value of a life insurance policy accumulates tax deferred, but if you surrender the policy, you'll incur an income tax liability for funds that exceed the premiums you have paid.

Over time, this tax - deferred growth can help an individual to accumulate significant funds in her IRA.

Work with AXA Advisors» financial professionals to realize immediate tax benefits that can lower your taxable income and enable assets you set aside for retirement or education funding to accumulate without immediate taxation.

Individual Retirement Accounts (IRAs) can provide immediate tax benefits that can lower your taxable income and enable assets you set aside for retirement or education funding to accumulate without immediate taxation.

It's similar to an investment account, but the funds accumulate tax deferred.

Members can make tax - deductible contributions into their accounts, accumulate tax - deferred earnings and withdraw funds tax - free for qualified medical expenses.

Agree dividends received personally are walloped for tax but they do accumulate nicely in a pension fund (non uk of course).

Accumulated balance of an EPF (Employee Provident Fund) account only up to the date of leaving employment will be exempt from income tax, says a tax expert.

the entitlement being transferred includes earnings in the foreign fund, accumulated since your member became an Australia resident, that would have been assessable in their Australian tax return (that is, they would have paid tax on that amount at their marginal tax rate)

Cash is allowed to accumulate over time on a tax deferred basis, which means that there is no tax due on the gain of the funds, unless or until the money is withdrawn.

As cash value builds in a whole life policy, policyholders can borrow against the accumulated funds and receive the funds tax - free.

You may want to accumulate tax deferred cash value that could be a source of borrowed funds for a variety of purposes.

Accumulated funds can also be withdrawn without penalty or tax after the beneficiary (insured) reaches the Social Security retirement age.

You can accumulate funds with its cash value which are tax - deferred.

You want to accumulate a savings element that will grow on a tax - deferred basis and could be a source of borrowed funds for a variety of purposes.

While money is accumulating in an annuity (before the income payout phase), funds can grow and compound on a tax - deferred basis.

At the end of 10 years, he would have accumulated more than $ 46,000 in after - tax savings in the mutual fund.

Additional funds will accumulate tax deferred and can be used to help pay the cost of the insurance or to reduce premiums.

The good news about using permanent life insurance as part of your investing strategy is that the funds accumulate on a tax deferred basis, the proceeds given to beneficiaries is also free of federal income tax, and as your life insurance needs dwindle when you get older you can access the difference through policy loans.

The growth in the accumulated fund value is tax - free and the accumulated fund can be paid to your beneficiaries in addition to the amount of insurance tax - free as well

The funds that accumulate inside of an annuity are not taxed until the time of withdrawal.