Sinking Fund

Sinking Fund

“I am a great believer in luck and I find the harder I work the more of it I get.” – Stephen Leacock

This is a fund you create for the purposes of paying off an investment loan and involves making a regular contribution to an insurance bond plan. You enjoy all the tax breaks through the years and then cash in the bond tax-free (after at least 10 years have passed) when you are ready to pay off the loan.

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