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Ways couples can seek to reduce taxation liabilities on investments and savings

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Lecturer
Level
General public
Study
economics
School/University
Moi

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Language
documents in English
Format
Word
Type
case study
Pages
5 pages
Level
General public
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  1. Introduction
  2. Discussion
  3. The Civil Partnership Act
  4. Conclusion

The need for financial security and independence are a predominant concern for most citizens globally. In its very definition the ability to earn and willfully spend one's income is at the core of maturity as defined by social norms. This is also the case for governments and institutions. So the question is therefore how such a financial stability can be achieved? The most obvious answer to this is by investing. Investing refers to the deliberate and calculated directing of funds into revenue generating activities.

Almost invariably not all individuals are born into financial security. As a result they must therefore find ways to channel their finances such that they can grow significantly unto the future. Usually investments are made directly out of savings; savings out of personal income. The economic model for this relationship is given as i f (s); s f (y). This therefore means that investments are a consequence of foregone present consumption of personal income. This may perhaps be the elusive point to most young people eyeing for immediate financial prosperity without the sacrifice of and discipline regarding present consumption.

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