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See How You Can Get Back Your TAX Money. - Investment - Nairaland

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See How You Can Get Back Your TAX Money. by KINGBEN1(m): 7:06am On Nov 06, 2021
You can convert your TAX money into funding your retirement plan.


By law in Nigeria, when you buy the deffered Annuity Plan (Retirement Plan) you will qualify for an annual TAX rebate that can fund your retirement plan.

Take a look at the law:-
Section 33(3) of the Personal Income Tax Act (PITA), 2011 as amended provides for tax deductibility of premium on deferred annuity on an individual’s life or their spouse.


Section 33(3) of the Personal Income Tax Act (PITA), 2011:-
"There shall be allowed a deduction of the annual amount of any premium paid by the individual during the year preceding the year of assessment to an insurance company in respect of insurance on his life or the life of his spouse, or of a contract for deferred annuity on his own life or the life of his spouse."

In simple terms, convert your TAX payment into funding your retirement plan.

Don't just throw away your money. Buy a deffered annuity plan and get the Tax money into funding it.

Lots of people are enjoying this provision.

To ask me how... Check my Signature.

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