Page 24 Advertisements Column 1

Press, 25 July 1984, Page 24

The Ultra Light pipe tobacco Borkum Riff Ultra Light. JRI The first pipe tobacco : U, " ul '“" ! iii!i specifically developed to S'" il, be exceptionally mild, -/c It and pleasurable ir • to smoke, Si, / . BUExquisitely smooth JBv II: J Uli in taste with a rich, f ‘\tlUß fiWWz'Z tiff captivating aroma, mi ’ ißf/i & Mf: Il - ■ 111 Mt '' ill ■ BOF<KUM ■ jf ' kjff M 'i

MARAC TAX EXEMPT LIFE BONDS FOR INVESTMENTS BETWEEN $5,000 AND $250,000 YOU COULD EARN THE EQUIVALENT OF ■. SS / «m ■ INVEST FOR ONE YEAR ONIY 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 d 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 & x r 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 TAX ABLE return. Taxable income s3B,ooo+ S3XOOO- WOO- Taxed investment S 3B ’ ooo @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 r I return 19-1 °/o 14-83 C 11 .8% jf y OU WO uld 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. T TEE TDVFD Note that your tax exemption on premiums on your L/lrxl y ICK. , existing life policies remain unaffected. If you die within the 12 months tenure of the Lite 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 unless you request it. no age limit. *AII references to taxation arc subject to current tax legislation. F To Marac Life Assurance Limited, Freepost 440,107 Albert Street, Auckland, “ | or telephone Marac Hotline 792-660 Collect. 8 I MARAC LIFE BONDS ! 17 1 J NAME EZJ I would like to be contacted about the Marac I . Life Bond. My phone number is (Day/ I A ADDRESS Evening) | I orct IPATION MARAC LIFE ASSURANCE LIMITED J J Please send me details of Marac private Ba & WcDcsk y Strcct - « ■ Tax-Exempt Life Bonds. ■ MARAC CP2B7 CBiB4 |