Sentences with phrase «taxation up to the amount»

You can withdraw earnings on your cash account free of taxation up to the amount of premiums you have paid into the policy, i.e. your basis.

Not exact matches

For a total noob, strength training engages them in a certain amount of metabolic taxation necessary to produce initial mass gains, but they quickly adapt to that limited level of metabolic taxation, and end up on a mass gain plateau that can last decades if they don't switch up to higher reps. (Look at Hugh Jackman for example; he's been a 3 × 5 guy for over a decade.

The advantage of taxation of a policy loan is that once the loan is repaid, the policy owner can claim a tax deduction up to the amount previously taxed as income.

If you're insolvent, forgiven debt is excluded from income taxation, but only up to the amount you were insolvent.

Withdrawals up to the amount of premiums paid are not subject to income taxation under income tax law.1 Also, unlike annuities, cash value withdrawn from your policy (so long as it is not a MEC) is not subject to IRS pre-59 1/2 withdrawal penalties.

For example, if an individual is losing Rs 25,000 p.a by not taking up health insurance through taxation, then it is better to take up health insurance policy for that amount at least.