When it comes to the amounts to be invested, both National Pension System and Public Provident Fund have
similar lower brackets, which is INR 6,000 payable within 4 - 12 times in a year with a minimum contribution of INR 500.
Not exact matches
Or can you find a
similar product in a
lower price
bracket, without sacrificing any of the essentials?
The «ultra-super-high-end-magical device» that goes by the name iPhone has
similar specs, all WP7 devices the same, or even
lower with the slightly slower CPU, Android devices (the non-crazy beasts out there) are in the same
bracket, same resolution,
similar or slightly slower CPU, same configurations in general.
Alternatively, if I retire in 5 - 7 years, my taxable income will likely drop to the 15 % tax
bracket or
lower, and therefore I'd owe no federal capital gains tax on the brokerage account anyway, thereby growing tax free in a
similar manner as the 529 plan.
And for the case of someone with no spare RRSP room and non-registered investments, there's a
similar dilemma of whether to realize the gains now in a
low bracket, paying tax now so you have less to continue investing, but resetting your cost basis higher for the future.
But even middle - class taxpayers can benefit, as long as they have enough time to reap the benefits of tax deferral and a
similar or preferably
lower forecast tax
bracket in retirement.