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Middlesex Massachusetts online Form 1099-H: What You Should Know
Group I or 2 within the four-year period prior to your age, you are eligible to retire as soon as you understand your obligations under Section 8 of Chapter 7 (Middlesex Chapter). The first day of the month is the regular payment date. For example, if you pay a deposit to us on March 1, you are considered to have paid the installment on June 1, but it is not considered to have been paid at that time because the full balance is due by the first day of July. You are considered to have paid the installment when you receive the statement from us confirming that you have paid your Superannuation Investment Account (SIA) on that date. If you pay your superannuation deposit on an installment basis, your interest is due on the last day of each month that the deposit is paid in full. If you made a deposit on a day you paid your entire deposit, you are considered to have made the interest payment on the earlier day. If you pay your deposit on an installment basis, we receive no tax on that interest payment at that time. You will receive a letter with this information from us in early June. If you want to change your payment date, you must make an appropriate modification to your monthly statement. A SIA is an investment account (also called a “retirement account”) that receives a percentage of your earnings from regular service that grows tax-free. We can buy your membership for you at whatever price we think you deserve—no matter what your age. If you decide that you no longer want to use an installment model, you can make a one-time application to change your membership's due date. The annual fee for new members remains the same. Click here for the application form, instructions and a sample of our payment statement. Click here to view full list of the accounts we offer. If you have questions about how your account works, please call one of our friendly customer service staff members at. Or email us at customerservicemiddlesexsavings.com To read your annual statements, go to: Our New Account Services Center (New Account Service Center) Our Massachusetts bank is closed for business until further notice, and we will be closed on Monday, September 9, 2018.
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