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Ch-9

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Sagar_sagar

Member
It is mentioned in one of the sections that,
it is possible to offer term assurance as pension business because of tax concession on contribution to the pension fund
According to me, in term assurance we do not contribute to any fund. Then how and why tax authorities will allow such concessions ?
 
Sagar_sagar said:
It is mentioned in one of the sections that,
it is possible to offer term assurance as pension business because of tax concession on contribution to the pension fund
According to me, in term assurance we do not contribute to any fund. Then how and why tax authorities will allow such concessions ?
Click to expand...
Again practice varies between countries. It is certainly not the case that term assurances are always available as pensions contracts. However, term assurance might be sold alongside a pensions contact and so might be regarded as tax efficient under some regulations.
 
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