Want to thank TFD for its existence?Tell a friend about us, add a link to this page, or visitthe webmaster's page for free fun content. Link to this page: Facebook Twitter Flashcards & Bookmarks? Pleaselog inorregisterto use Flashcards and Bookmarks. You can also log in with ...
• tax-free winningsFrom Longman Business Dictionaryˌtax-ˈfree adjective tax-free income, investments, activities etc are not taxedMost municipal bonds are totally tax-free.He retired with a tax-free lump sum (=single large amount of money) of £80,000.—tax-free adverbEarnings can ...
Aninvestment, theincomefrom which is not subject to taxation. Certain income an individual orcorporationderives may be tax free, even though the individual or corporation would owe taxes otherwise. For example,couponsfrom amunicipal bondare tax-free investments at the federal level. See also:Tax ...
Check Your Calculations for Tax-Free CashCONVERTING a chunk of your pension fund into a tax-free cash lump sum at retirement may sound like the answer to all your prayers. In one stroke you can say goodbye to debts and hello to a new car and second honeymoon....
The lump sum payment will be paid subject to the deduction of all proper charges after we receive all releases and other documents that we request. 13. Use as Security for a Loan: You may not use your interest or, for civil law, right in the Arrangement as security for a loan or ...
The Revenue has finally stated that there is a purpose to the tax-free cash lump sum after all. It is a reward for locking up your money for so long a time. So, it does not look likely that it will get rid of the cash sum in the future. (Inside Edge)....
You borrow money secured against the value of your home, and get a tax-free cash lump sum and keep ownership of your property. Secure a loan against your home You will still own your property Release cash in a lump sum or small amounts No monthly repayments required Lifetime Mortgage...
Some in the pensions industry have commented that these changes may become a hindrance to people trying to provide for their family, or indeed they may incentivise pension-holders to take their tax-free cash lump sum earlier than perhaps they would ordinarily. In this arti...
Free military tax filing discount TurboTax Live tax expert products TurboTax Live Premium TurboTax Live Full Service Pricing TurboTax Live Full Service Business Taxes TurboTax Live Assisted Business Taxes TurboTax Small Business Taxes TurboTax Verified Tax Pros ...
Existing LTA-based protection remains valid in the crucial area of accessing the tax-free lump sum, which many savers take out at the start of retirement. For most savers this is 25 per cent of the current £1.073mn LTA but for mainly older people it runs as high as £1.8mn. ...