Questions tagged [tax-free-savings]
For questions related to investments which are tax-free.
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ELSS NAV bought which were not shown as investment in ITR Can be redeemed before three year?
I invested in bandhan elss fund in 2022 and claimed in ITR, next year I again invest in same fund as it had good return but I did not claim it in ITR deduction as I opted for new tax regime and it was ...
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Move cash reserves to 529?
Let’s say that I am maxing out my 401(k), IRA, and HSA; I’m putting away $250 a month in a 529 I own with my kid as the beneficiary; and any take-home income left over at the end of the month goes ...
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How do I organize my investments to generate the maximum tax free income - in the UK?
I want to organize my investments to maximise the use of annual tax free allowances in the UK. Assume no income from employment, so Investment Ideas to maximise use of the Personal Allowance are ...
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Interests in USA for NRE account profits
I'm a recent college grad so I am not that knowledgeable about money. So, please bear with me!
If I make a NRE account, I can get a 6% interest rate and I like that much more than the 1.5-2% ...
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Savings Accounts for Future Child Expenses
If I were looking to have a kid in the next 3-6 years, what (if any) tax-advantaged plans exist to help saving for future, related expenses?
To be more specific, there are numerous types of savings ...
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Transfer of UK Savings to USA
Since their birth (10 years) I have been saving money into a tax free account for my grandchildren in a UK bank. I now wish to transfer the lump sum to them in USA. They have UK and US citizenship as ...
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Investing in grandfathers name to save tax in India
I was looking for saving tax by investing/gifting to parents.
My father/mother is paying tax, instead can I gift my money to grandfather to save tax ?
Grandfather does earns so easily 20 lakh could ...
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How to declare interest earned from unmatured NSC (5 years) in ITR
5 year NSC shows its interest earned is reinvested every year, So I can clam it under 80C.
But there is no interest entry made by the Post Office department against NSC.
How can I declare such earned ...
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Scared of money being "locked away" in retirement accounts
I have a reasonably comfortable emergency fund, some other savings, and some accounts I manage myself invested in stocks and funds. However I have only a minimal sum in pensions and retirement ...
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Best way to invest around 50k Indian rupees and save Tax
I am a 27 year old from India, My salary is 4,20,000 per annum.
I don't have any insurance or any other investment plan right now.
I want to invest 50,000 Indian rupees, such that I get a good ...
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Confused about 'tax free income'
I'm from New Zealand and just started working here in the UK in July 2016 on a 2 year working holiday visa. My partner and I both started working around the same time (different employers), however I ...
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Delaware tax free shopping
I heard that Delaware is tax-free state.
If I'm not from US, do I have to pay some taxes when I buy some stuff (like iPad) in Delaware and come back to Europe?
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Taxes on foreign and local dividends held in a TFSA
As far as I read in many articles, all earnings (capital gains and dividends) from Canadian stocks will be always tax-free. Right?
In contrast, holding U.S. or any foreign stock that yields dividends ...
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In a Canadian TFSA, does interest earned within the account count toward the contribution limit?
I know that there is a limit in the contribution per year in a TSFA. At the moment (2016), if you have never made a contribution then you can contribute around $ 46 500.
BUT, even though all ...
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Is there a trick with ISAs in the UK
I was looking on ISA faq on moneysavingexpert and I noticed the following:
I do not understand the trick, say I put GBP100 on a 3% account and that ISA pays 1%. Can I NOT pay tax on the GBP3 I made ...
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