Call: 07035759608,07084350137
How to get a very Good Tax rebate and benefit from the government, still with high returns back to your account
How does the tax rebate works
Amongst other benefits
of CASH
ACCUMUTATION PLAN (CAP), I will discuss this in detail because
with this you can benefit directly from the government. For a brief history of the company
click here.
Tax Rebate simply means an
amount of money that is paid back to you because you have paid too much or an
amount of money taken away from the cost of something before you pay for it.
Discussing this, we will
keep it simple for a better understanding. There are a lot of intricacies in
calculating tax which could get you confused, therefore let’s keep it simple.
Nontaxable deductions are:
1. Pension
deductions
2. National
Housing Fund deductions
3. Life
Assurance Payments
4. National
Health Insurance Scheme
5. Gratuity
What this
means is that if you have any of the above deduction in any payroll month, the
amount becomes part of your tax relief!
Below is Mr. John payroll with a salary of
30million naira annually.
1. Pension
deductions…………………....…….N2,100, 000.00
2. National Housing Fund
deductions………….N2,000, 000.00
3. Life Assurance Payments…………………….N6,000,
000.00
4. National Health Insurance Scheme
and……....N200,000.00
5. Gratuity…………………………..………….N300, 000.00
Total……………………………………………N10,600,000.00
Tax Rebate Analysis
Gross salary………………………………….N30,000,000.00
Less Non taxable deduction …………………N10,600,000.00
Taxable income …………………………..….N19,400,000.00
Less Tax deduction of 10% ………..………N1,940,000.00
Net salary
…………………………….…….N17,460,000.00
In this case, without insurance Mr. Rice
taxable income is 25,400,000.00
But with the presence of an insurance cover
of 6,000,000.00. N1,200,000.00 returns
to him annually as his tax rebate
We are pleased to introduce
to you cash accumulation plan, designed
especially for Chief Executive Officers and business owners. It is specially
designed to enable individuals actualize discipline personalized savings in
order to have a personal retirement plan, maintain business growth and provide
solid financial back-up in times of need, while giving you life Insurance
coverage. This policy also serves as a viable investment scheme and aids parents
to consolidate on the education of their children to any level.
BENEFITS
1. THREE PAYMENTS
AIICO pays the sum assured
in three installment as follows:
A. 25% of sum assured at the
end of 5 years.
B. 25% of sum assured at the
end of 10 years.
C. 100% of sum assured at maturity
plus all accumulated bonuses.
2. BONUSES
AIICO declares a
reversionary bonus of 3% of the sum assured annually in the policy. This bonus
acquires cash value and is added to the face amount. It is paid at maturity.
3. PROTECTION
Throughout the duration of
the policy, the insured is covered to the tune of the sum assured plus all
bonuses. No deduction is made for any installment already paid.
4. GUARANTEED INFLATION PROOF
The policy also offers a
guaranteed inflation proof addition which enables the insured to increase his/her
policy volume in accordance with the prevailing inflation rate, thus ensuring
the desired result and objectives of the policy on maturity.
5. POLICY LOAN FACILITY
The policy offers the
insured the opportunity of loan from the company after two years of the policy.
This loan attracts an interest of only one percent (1%) monthly and requires no
collateral. The policy document serves as collateral.
6. GUARANTEED HIGH RETURNS ON INVESTMENT
This policy offers a
guaranteed growth and returns on the investment that is not affected by any
political, economic or social factors.
OTHER ADDED BENEFITS AT NO COST
A. Personal disciplined
savings for future need/purpose, with a very high return on investment.
B. Business expansion as
proceeds can be plugged back into existing business and thereby a guaranteed
growth.
C. Retirement purpose. The
policy can be used as a personalized retirement package.
D. Financial security for
dependent(s) as the guaranteed sum assured is payable to the dependent(s) in
the case of unexpected death. And throughout the duration, the policy holder
enjoys full sum assure cover.
E. Accidental
death/disability income benefits are offered. AIICO pays additional N1 million
to the sum assured in case of death through accident.
F. Waiver of premium. In the
case of permanent disability due to sickness or accident, AIICO will waive off
payment of future premium while the policy remains in force as if the policy
owner is paying premium normally.
G. Worldwide service. You
can pay your premium anywhere in our over 60 associate companies worldwide.
Illustration of sum assured, premium and estimated
benefitS
sum
Assured
|
Premium
(yearly)
(N)
|
3%
of sum Assured(yearly) bonus rate (N)
|
25%
partial maturity of sum assured (n)
|
25%
partial maturity of sum assured (N)
|
100%
of sum assued (n)
|
maturity
value
(N)
|
1m
|
120,000
|
30,000
|
250,000
|
250,000
|
1m
|
2.5m
|
2m
|
240,000
|
60,000
|
500,000
|
500,000
|
2m
|
5m
|
3m
|
360,000
|
90,000
|
750,000
|
750,000
|
3m
|
7.5m
|
4m
|
480,000
|
120,000
|
1,000,000
|
1,000,000
|
4m
|
10m
|
5m
|
600,000
|
150,000
|
1,250,000
|
1,250,000
|
5m
|
12.5m
|
10m
|
1,200,000
|
300,000
|
2,500,000
|
2,500,000
|
10m
|
25m
|
20m
|
2,400,000
|
600,000
|
5,000,000
|
5,000,000
|
20m
|
50m
|
25m
|
3,000,000
|
750,000
|
6,250,000
|
6,250,000
|
25m
|
62.5m
|
30m
|
3,400,000
|
900,000
|
7,500,000
|
7,500,000
|
30m
|
75m
|
35m
|
4,000,000
|
1,050,000
|
8,750,000
|
8,750,00
|
35m
|
87.5m
|
40m
|
4,400,000
|
1,200,000
|
10,000,000
|
10,000,000
|
40m
|
100m
|
50m
|
5,600,000
|
1,500,000
|
12,500,000
|
12,500,000
|
50m
|
125m
|
60m
|
6,300,000
|
1,800,000
|
15,000,000
|
15,000,000
|
60m
|
150m
|
70m
|
7,400,000
|
2,100,000
|
17,500,000
|
17,500,000
|
70m
|
175m
|
80m
|
8,700,000
|
2,400,000
|
20,000,000
|
20,000,000
|
80m
|
200m
|
90m
|
9,800,000
|
2,700,000
|
22,500,000
|
22,500,000
|
90m
|
225m
|
100m
|
12,000,000
|
3,000,000
|
25,000,000
|
25,000,000
|
100m
|
250m
|
who can benefit from this?
Anyone interested in security investment for his or her
dependent(s) and also wants to have an investment plan that will guarantee good
return on the investment can use this to also plan for his or her retirement.
For
more details on this, or a one on one meeting:
Call 07035759608, 07084350137
Email: abijaferdinand@gmail.com
If
you live in Lagos and want to visit our office, our address is:
AIICO HOUSE
203/205, Oshodi/Apapa
Expressway, Isolo, Lagos.
(Iyana Isolo Bus
Stop)
Testimonial
There could still be a few people in doubt and may be
asking, “Does this really work?” “Will I
be paid as said?” etc. Take a look at a testimonial from one of our happy
clients, a barrister. We have many happy clients like him, but I just want to
display his testimonial only because he permitted us to do so. Many of our
clients don’t want us to make their private investment public.
