[READER QUESTION] Where should I invest my rental income for 10 years? MoneywebNews
I have a property that I want to lease out. I would like to invest the money received for 10 years. Which investment option is the best to consider?Choosing to reinvest the funds from your rental income is a great idea. There are a few investments you can consider, like local unit trusts and offshore unit trusts. A unit trust investment is the best type of investment as it does not limit you on the amount of risk you would like to take, and it is a liquid investment.
This type of investment is suitable for those who want to invest long-term and will not need the capital anytime soon as the investment has a legal restriction period of five years, whereby you will only be allowed to have one withdrawal. It is also suitable for people with a high marginal tax rate as the returns and interest income are included in your taxable income and are taxed as per marginal tax rate but capped at 30%.
If the life assured is the policyholder or the spouse of the policyholder, the policy is held for at least three years and the death benefit in the deceased estate is paid out to the child, stepchild, surviving spouse or parent of the deceased. The benefit will be protected from creditors by the Long-term Insurance Act.
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