Sentences with phrase «annuities on a tax free basis»
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Annuities can be used, to either pay premiums on a long - term care policy or help defray costs associated with these services, sometime on a tax - free or tax - favorable basis.
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On 1 July 2017 a cap was put on the amount of money can be transferred to a tax - free account - based pension or annuitOn 1 July 2017 a cap was put on the amount of money can be transferred to a tax - free account - based pension or annuiton the amount of money can be transferred to a tax - free account - based pension or annuity.
Modified Endowment Contracts still offer a tax - free death benefit to the insured (this being their primary advantage over an annuity or other investment) but policy owners can no longer access their investment gains on a tax - free basis.