More and more citizens are trying to save their tax in different ways. And many of them start residing in other countries rather than their own to enjoy the tax free benefits of that country. But the money is still not saved, thanks to several temptations abroad.
Holborn Assets have shared some really helpful tips in this regard, where people can make the most of their tax free earnings. This company takes care of the financial needs of their clients, providing quality financial advice as well as wealth management solutions. Under this, they cover various factors such as investment, retirement planning, insurance, and many more. Overall, this company takes a holistic approach to financial planning, thereby providing excellent solutions to their customers.
For tax savings, the company has shared 2 ideas where a person can invest to enjoy tax free earnings – education and property investment. There is no better time to start saving for education than right now. As per a poll conducted by HSBC in 2017, over half of the UAE parents wished they had started saving for education earlier. The fees for education is rising, and hence the company asks people to start saving for their children’s upcoming education right from the beginning. This would not only lessen the burden in future, but also save a lot of tax.
Same is the case with the property investment as well. When you invest, you lock your money, which then saves that amount from getting taxed. According to Holborn Assets, these 2 are excellent opportunities where one can invest and reap the benefits of tax free earnings.
