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Catherine Provencher -- State Treasurer |
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Tax-advantaged Investment
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Federal and NH state income tax
free earnings growth means that
qualified withdrawals from the UNIQUE Plan will be income
tax-free when used for qualified higher education expenses.
*
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An individual, such as a parent or grandparent, can give
up to $60,000 in one year without being subject to the gift
tax or double that amount if filing jointly. **
The UNIQUE Advantage
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UNIQUE Plan allows families to customize their college investing
strategy with the flexibility to choose from among actively managed and index
Age-Based Portfolios, which allocate funds more aggressively
for younger beneficiaries and more conservatively for teens,
and Static Portfolios which allows you to design your own plan.
- Portfolios are comprised of Fidelity
Investments mutual funds. ***
- Plan allows a maximum investment of $318,000
based on cost of seven years of education, adjusted annually.
Investment Flexibility
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Withdrawals can be used for a range of qualified higher
education expenses such as books, required supplies and
equipment, entire cost of room and board, and tuition.
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Withdrawals can be used at accredited post-secondary schools,
anywhere in the United States.
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Beneficiary can be changed at anytime. ****
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No income limits on participation.
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Open to anyone, regardless of state of residence.
Click
Here for a free
enrollment kit and complete details or call Fidelity at 1-800-544-1914.
** This requires that no further gifts are made over the five-year
period, and that the gift is treated as a series of five equal
annual gifts. Consult your tax advisor for your particular situation.
Please request a free Kit for more information.
*** You cannot purchase individual mutual funds in your account
****Limitations apply. Please request a free Fact Kit for more
information
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