Tax Saving Strategies at Retirement 6 of 6 – Using a Retirement Annuity to Save Tax in Retirement скачать в хорошем качестве

Tax Saving Strategies at Retirement 6 of 6 – Using a Retirement Annuity to Save Tax in Retirement

The Retirement Annuity (RA) is traditionally a retirement savings vehicle and it may seem counter-intuitive to be contributing to a RA in your retirement. However, because withdrawals from a RA are taxed according to its own tax table (Retirement Tax Tables) and not the Marginal Tax Rates, this provides somewhat of an arbitrage opportunity where one can compare the tax rates on both tables and make use of the lower tax rate. In addition, due to contributions being tax deductible, thereby reducing your tax liability (even in your retirement), this opens up the opportunity to rectify any tax inefficiencies that were done at the point of retirement. The information shared here is for general informational purposes only and does not constitute financial, legal, tax, or investment advice. The views expressed are those of the author and do not necessarily reflect the opinions or positions of Gradidge-Mahura Investments. Although we strive to provide accurate and up-to-date information, this content may not be suitable for your individual circumstances. Before making any financial decisions, please consult a licensed Financial Planner registered with the Financial Sector Conduct Authority (FSCA) who can provide tailored advice based on your unique needs. All investments carry risk, including the potential for loss of capital and past performance is not a guarantee of future results. Any reference to specific products or services is not an endorsement or recommendation. Gradidge-Mahura Investments is an authorized financial services provider (FSP No. 36327).