The tax-free-savings tag has no wiki summary.
7
votes
3answers
215 views
What is the best approach to save money for College for three kids?
I have three kids ages 4, 3 and 0 and I am concerned about the cost of college education for my daughters. A lot of the "public" schools (not community colleges) cost between $20,000 to $24,000 a year ...
2
votes
1answer
75 views
Any savings vehicle which is sheltered from both US and Canadian income taxes?
I'm a US citizen living in Canada as a permanent resident. I earn income and receive interest/dividends from both countries. I file income tax returns in both countries.
Every year I hear ...
5
votes
2answers
140 views
Are U.S. I Bonds good for extra savings?
I recently ran across an article about where to park extra cash that mentioned US I Bonds. I had never heard of them before. How do they work? Limitations or rules? Really tax free?
I've had ...
4
votes
1answer
807 views
US ISA equivalent for tax exempt investment & savings
In the UK you can put up to 10000GBP per year into an Individual Savings Account (ISA). This account allows you to invest in stock, unit trusts, index funds etc. and all income and capital gains are ...
3
votes
2answers
161 views
Is there a limit on how many times I can transfer my Individual Savings Account (ISA) in a given year? [UK]
The United Kingdom Individual Savings Account (ISA) provides a tax-efficient saving mechanism. It is possible to transfer your ISA from one bank to another, but is there any limit on how many times ...
1
vote
1answer
222 views
How does the 1% penalty on TFSA transfers work? [Canada]
Update - clarification to potential penalty situations.
The maximum annual contribution limit to a TFSA is $5000 per year. This makes it a good emergency fund vehicle. If I:
transfer money out ...
5
votes
1answer
108 views
Year end for ISAs, is it worth squeezing more in quickly?
I opened an ISA about a month back (only have £110 in it at the moment)
Tax year ends on 5th April, I could afford to put £1000 in my ISA, I would be skint until the next payday at the end of April ...
