Sep 6 2017, 10:38 AM
QUOTE(imnotabot @ Aug 4 2017, 06:26 AM)
I need clarification on the tax incentive.
Both my wife and I are working, and both of us have income that qualifies for tax.
I just opened an SSPN account for my newborn daughter, with me as the depositor.
If I deposit money in the SSPN account, am I the only one who can get the tax incentive?
If my wife wants to get tax incentive, she needs to register as a depositor too?
the account statement will show your name and not your kids name. so only you entitle for tax reliefBoth my wife and I are working, and both of us have income that qualifies for tax.
I just opened an SSPN account for my newborn daughter, with me as the depositor.
If I deposit money in the SSPN account, am I the only one who can get the tax incentive?
If my wife wants to get tax incentive, she needs to register as a depositor too?
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