Page 24 Advertisements Column 1

Press, 21 June 1984, Page 24

MARAC TAX EXIAIITI .111: BONDS FOR INVESTMENTS BETWEEN $5,000 AND $250,000 YOU COULD EARN THE EQUIVALENT OF BSBSSS ■BESSES - f SS pa. ~ INVEST FOR ONE YEAR ONLY If you’re paying income tax* in the higher bracket, Y OUR YIELD IN TRUE TERMS here’s a first class investment plan which offers an However attractive the quoted interest rate of other equivalent return up to 19.1% p.a. Marac Life forms of investment, taxation may drastically Assurance Limited can offer this because it ' reduce the true dollar yield. Marac Life Bonds are pays the tax for you. The 6.5% p.a. interest unique. you receive is tax free in your hands. (Note: in calculating the 19.1% p.a. equivalent J Taxable Income p.a. $38,000+ $30,000- $24,000retum Marac does not take into consideration the $38,000 $30,000 general tax exemption available on life assurance true yield after TAX: premiums). What at first glance looks like a modest return of Marac Life Bonds 6.5% p.a. 6.5% p.a. 6.5% p.a. 6.5% p.a. becomes very attractive when compared ; with the equivalent TAXABLE return., @ns%p V “ 3.91% 5.05% 6.31% 1 Taxable income p.a. $38,000+ 530,000- 824 000- Taxed investment 838,000 S3O, (XX) @10.5% p.a. 3.57% 4.61% 5.76% Tax rate 66% 56.1% 45.1% Taxed investment — @9% p.a. 3.06% 3.95% 4.94% Equivalent taxable . _____ — return p.a. 19.1% 14.8% 11.8% If you would like to discuss these figures in detail, $5,000 MINIMUM please contact your Solicitor, Sharebroker or The minimum investment is $5,000 and you are Accountant. Further details are also available at free to invest up to $250,000 in any one year. Marac’s Life Bond Division, Marac Life Assurance Marac Life Bonds represent a secure investment, Ltd, Private Bag, Wellesley Street, Auckland, with an excellent tax free return and built-in Ph: 792-660 collect. insurance protection. Note that your tax exemption on premiums on your LLtLUUVbK existing life policies remain unaffected. If you die within the 12 months tenure of the Life Bond, your capital plus the full year’s earnings For further details simply fill in the coupon, and we will send you become immediately payable. No medical ex- free literature and application form. No one will contact you amination or doctor’s letter is required, and there is urJess Y ou re 9 uest no age limit. ♦All references to taxation arc subject to current tax legislation. I" “ ""T^M ar “ Life Assurance Limited, Freepost 440,107 Albert Street, Auckland, | or telephone Marac Hotline 792-660 Collect. I I MARAC LIFE BONDS I L 1 W NAME n I would like to be contacted about the Marac V Life Bond. My phone number is (Day/ I ADDRESS Evening) | I m ATinN MARAC LIFE ASSURANCE LIMITED ? 1 n Please send me details of Marac B »s- s "»’ | I Tax-ExempUifeßonds. |