tax-free income, investments, activities etc are not taxed:
• Most municipal bonds are totally tax-free.
• He retired with a tax-free lump sum (= single large amount of money ) of £80,000.
— tax-free adverb :
• Earnings can be withdrawn tax-free after seven years.
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tax-free UK US /ˌtæksˈfriː/ adjective TAX
► tax-free earnings, investments, etc. are ones on which no tax has to be paid: »
When you retire, the pension plan allows you to take up to 25% as a tax-free lump sum.
»If investors fail to move the money within six months of the plan maturing, it loses its tax-free status.
»tax-free benefits/bonus/income
»tax-free bonds/investments/savings
tax-free adverb
► »
The ""free zone"" status allows owners to repatriate 100% of their earnings tax-free.
Financial and business terms. 2012.