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
 

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