Taxes on Some Common Investments


Tax Deductible

Life Office

Tax

Personal Income Tax

on Benefits/Proceeds

Capital Gains

Tax

Estate

Duty

1. Shares

No ? ?
2. Bank investments No ? ?
3. Unit trust No ? ? ?
4. LISP No ? ? ?
5. Life policy No ? ?
6. Endowment policy No ? ?
7. Sinking fund policy No ? ?
8. Retirement annuity Yes ? ?
9. Pension/provident funds Yes ? ?
10. Compulsory annuity No ?
11. Voluntary annuity No ?
12. Disability income replacement policy Yes ? ?
13. Second-hand policy No ? ? ?
Number – see notes ? = Tax applies – = Tax does not apply