Buying a Home? Consider the Home Bu... Sep 9, 2009
In addition, the individual must be withdrawing from their own RRSP (meaning they are the annuitant of the plan) and the home must be purchased prior to October 1st of the year following the RRSP withdrawal. Combining a Home Buyers Plan with a Spouse or Common Law Partner. (Suite101.com)
Couple should not be quick to give up their cash, even if mortgage would shrink Aug 21, 2009
Better still, annuities issued by Texas-licensed companies are covered up to $100,000, and upon death of the annuitant, the beneficiary becomes a 100 percent-vested annuitant. What do you think. (Boston Globe)
Retirement tax breaks Jul 23, 2009
It was lowered last year from 18 percent; however, there have been calls year in and year out before the Budget speeches to do away with this tax as it effectively taxes the same money twice that is, the money in the funds are taxed at nine percent and then the annuitant is taxed on the income he/she draws from the funds in his/her retirement years. So in other words, you will still be taxed on the balance of the funds. (iAfrica.com)
Your returns from annuity plans may not be taxed fully Jun 5, 2009
But the payments received by the individual, annuitant in technical parlance, are fully taxed ... The insurance regulator has asked the finance ministry to consider bifurcating the principal and the interest component in payments made to annuitants ... Revenue officials, however, contend that the payment received by the annuitant is treated as his income, and hence, fully taxed. (India Times)
Taking it all Mar 30, 2009
can draw down 100 percent of her or his investment in certain instances (iAfrica.com)
More >> Feb 26, 2009
The annuitant is paid a fixed sum at pre-decided intervals throughout his life. The pension ceases as the annuitant dies. (India Times)
Look beyond the sunset years Feb 25, 2009
The annuitant is paid a fixed sum at pre-decided intervals throughout his life. The pension ceases as the annuitant dies ... Also known as guaranteed pension, this type of annuity ensures that the pension is payable for a certain period and thereafter as long as the annuitant is alive. (India Times)
