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I plan on retiring in August 2017. My gratuity from GEPF will be R860000 and i also want to cash in my retirement annuity of R150000. What tax do I pay.Thanks

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Call your local taxation office or ask your accountant

Posted on May 04, 2017

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What Is Double Taxation For The C Corp?


The term Double Taxation refers to taxation that happens on dividends paid through the C- Corp. Often these taxes can both be avoided or mitigated. A certified tax professional should be able to help you in optimizing your tax plan. Paying taxes when you take a distribution from your retirement plan, however, can never legally be avoided.

Jun 30, 2016 | Retail Supplies

1 Answer

Where are the Wells Fargo banks (addresses) in Queens or Nassau New York


Here are the three in Nassau County:
Carle Place, NY
(516) 741-4089
Wells Fargo Bank
www.wellsfargo.com

1001 Franklin Avenue #100
Garden City, NY
(516) 535-1560
Wells Fargo Bank
www.wellsfargo.com

145 Fulton Avenue
Hempstead, NY
(516) 483-1048

=================
Here are the ones in Queens County:


Wells Fargo
21545 Northern Blvd Ste 7
Bayside, NY 11361-3499Map
(718) 279-5480
Financial services
1
Wells Fargo
1 Penn Plz Fl 27
New York, NY 10119-2700Map
(212) 273-7000
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Financial planning consultantsAccounting Services, Estates, Trusts & Gifts, Retirement Planning, Start Up Filings, Business Consultation, Income Tax Service, Individual Retirement...
2
Wells Fargo
400 John F Kennedy Way Ste 1
Freehold, NJ 07030-5612Map
(973) 790-2341
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Financial services
3
Wells Fargo Co
40 W 57th St
New York, NY 10019-4001Map
(212) 707-6988
Send Email
Send SMS
Financial servicesEstates, Trusts & Gifts, Retirement Planning, Start Up Filings, Business Consultation, Individual Retirement Programs, Income Tax Service, Individual...
4
Wells Fargo
1225 Franklin Ave
Garden City, NY 11530-1691Map
(516) 742-1111
Send Email
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Financial servicesAccounting Services, Business Consultation, College Planning, Estates, Trusts & Gifts, Financial Planning, Income Tax Service, Individual Retirement ...
5
Wells Fargo
355 Plandome Rd
Manhasset, NY 11030-1940Map
(516) 365-2969
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Financial servicesEstates, Trusts & Gifts, Retirement Planning, Start Up Filings, Business Consultation, Income Tax Service, Individual Retirement Programs, Individual...


6
Wells Fargo
9 Northern Blvd
Greenvale, NY 11548-1200Map
(516) 484-3740
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Financial servicesAccounting Services, Business Consultation, College Planning, Estates, Trusts & Gifts, Financial Planning, Income Tax Service, Individual Retirement ...


7
Wells Fargo
83 Northern Blvd
Greenvale, NY 11548-1331Map
(516) 484-3740
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Financial servicesAccounting Services, Business Consultation, College Planning, Estates, Trusts & Gifts, Financial Planning, Income Tax Service, Individual Retirement ...


8
Wells Fargo
152 E Park Ave # 201
Long Beach, NY 11561-3549Map
(516) 431-4730
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9
Wells Fargo
620 Norwich New London Tpke
Uncasville, CT 06382-2121Map
(860) 892-8043
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Financial planning consultants, Financial services


10
Wells Fargo
255 W Main St
Smithtown, NY 11787-2608Map
(631) 360-2000
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11
Wells Fargo
100 Motor Pkwy Ste 115
Hauppauge, NY 11788-5111Map
(631) 273-1000
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Financial planning consultantsEstates, Trusts & Gifts, Start Up Filings, Retirement Planning, Business Consultation, Income Tax Service, Individual Taxes, Individual Retirement Pr...


12
Wells Fargo
152 Main St
New Canaan, CT 06840-5513Map
(203) 801-0819
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Financial services


13
Wells Fargo
1133 Westchester Ave Ste S-331
White Plains, NY 10604-3570Map
(914) 253-4700
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Financial servicesAccounting Services, Business Consultation, College Planning, Estates, Trusts & Gifts, Financial Planning, Income Tax Service, Individual Retirement ...


14
Wells Fargo
283 Commack Rd
Commack, NY 11725-6021Map
(631) 486-6297
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15
Wells Fargo
23 Woodland Rd Ste A3
Madison, CT 06443-2315Map
(203) 779-5111
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Career Counseling, Job Placement, Per Diem Staffing, Temporary Employee Placement / Temporary Staffing


16
Wells Fargo
1211 Avenue Of The Americas Ste 2702
New York, NY 10036-8705Map
(212) 759-1297
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17
Wells Fargo
140 E 45th St Ste 3200
New York, NY 10017-7100Map
(212) 883-3260
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24 Hour ATMs, Commercial Banking, Direct Deposit, Foreign Currency Exchanged, Wire Transfers

18
Wells Fargo
40 Mercer St
New York, NY 10013-3076Map
(212) 941-4440
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Estates, Trusts & Gifts, Start Up Filings, Retirement Planning, Business Consultation, Income Tax Service, Individual Taxes, Individual Retirement Pr...


19
Wells Fargo
1 Penn Plz
New York, NY 10119-0002Map
(917) 351-2000
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Accounting Services, Estates, Trusts & Gifts, Retirement Planning, Start Up Filings, Business Consultation, Income Tax Service, Individual Retirement...

Feb 12, 2015 | Computers & Internet

1 Answer

Are there tax benefits to annuity plans?


Yes there are! The money you invest in an annuity plan is not taxed, its tax is deferred. This means that you don't pay taxes on the money now, but when you start to receive your annuity income during retirement it is taxes like a regular income tax.

Sep 02, 2013 | Finance

1 Answer

Are there risks to investing in annuities?


There many risks in any sort of investment. Annuities are not immune to these risks, like say the bank you have you annuity with goes bankrupt the investment is not FDIC insured therefore it is very important that you make sure that the bank you're investing with is refutable. Check the fine print! Look out for a surrender charge some fixed annuities can charge you should you withdraw money before it matures and can be high charges reducing the amount that you will receive after retirement. There can also be age restrictions like giving you a tax penalty should you withdraw the money before the age of 59. Keep in mind that immediate annuities don't change their interest rates with the economy so you can't guarantee to always have a great interest rate.

Sep 01, 2013 | Finance

1 Answer

Are there different kinds of annuities?


Yes there are, there is immediate and deferred annuities. Immediate annuity means that shortly after you invest the money in an annuity you begin to receive your annuity payments. If you are close to retirement this is an option that you can consider so that you get the money sooner. Whereas the deferred annuity sits and collects money and can be changed into a immediate annuity should you need the money sooner. This is an option that you would consider early on to save up for retirement. Within both annuities there are sub types, fixed and variable for you to consider.

Sep 01, 2013 | Finance

1 Answer

What are annuities?


Annuities are used as part a retirement strategy where you make an investment in an annuity plan and it serves as an income that is paid to you later either in installments or as one lump sum.

Sep 01, 2013 | Finance

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