Also, the number of states that offer 529 ABLE accounts has doubled in the last year, offering families the opportunity to take advantage of a tax-free savings account
for disabled beneficiaries.
The ISA family now looks like this: | Individual Savings Account (ISA) - Simple tax-free savings account
85% tax-free: A cash ISA is just a tax-free savings account
and as it's the new tax year, you've a new PS15,240 allowance.
In the last election campaign, the Conservatives promised a doubling of tax-free savings account
limits once the budget is balanced.
For instance, instead of paying a monthly premium and a co-pay for doctor visits, many employees may pay a lower monthly premium and then pay for the doctor visit out of a special tax-free savings account
until they reach a higher-than-usual deductible.
The Junior ISA is a tax-free savings account
for a child which, effectively, replaces the Child Trust Fund.
If you sell life insurance, are you offering a tax-free savings account
or a death benefit?
The Small Business Savings Account Act, which would allow entrepreneurs to create a tax-free savings account
of up to $10,000 for their startup businesses;
The Government says it will create a new tax-free savings account
for children at some point in 2011.
No tax is payable on funds held within a Tax-Free Savings Account
(TFSA), and these can also be transferred to a TFSA in the name of a surviving spouse or common-law partner.
Put any spare money in a cash Isa - effectively it's just a tax-free savings account