July 2002 News | InsuranceComparison.com.au

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Insurance Comparison News

One Day, Boy, All This Fund Will Be Yours

Sunday July 28, 2002

WITH $20,000 to invest for my grandson's future tertiary education, I'm considering a 10-year insurance bond. The bond pays tax at 30 per cent, the same rate as I incur and I am trying to keep my taxable income within that tax range. Can you advise me of the suitability of this type of investment?

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