Contribution

 

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Contribution

Money placed in an individual retirement account (IRA), an employer-sponsored retirement plan, or other retirement plan for a particular tax year. Contributions may be deductible or nondeductible, depending on the type of account.

Contribution

An amount of money paid into an account. This can be a 'one off' payment or on a regular basis.



Contribution

Similar Matches

Excess contribution

Excess contribution

The amount by which an IRA contribution exceeds the allowable limits. If an excess contribution is not properly corrected, a 6% IRS penalty applies.


Nondeductible contribution

Nondeductible contribution

A contribution to either a traditional IRA or Roth IRA. Income tax is due on the contribution in the tax year for which the contribution is made.


Money purchase scheme (defined contributions scheme)

Money purchase scheme (defined contributions scheme)

A pension scheme in which the benefits will be dependent on contributions to, and growth of, the fund and the fund manager's costs.


Deductible contribution

Deductible contribution

Amount paid into an IRA, an employer-sponsored retirement plan, or other type of retirement plan for a particular tax year that is a deduction from income for tax purposes.


Defined contribution plan

Defined contribution plan

A pension plan whose sponsor is responsible only for making specified contributions into the plan on behalf of qualifying participants. Related: Defined benefit plan


Further Suggestions

Equity contribution agreement
National Insurance (NI) Contributions
voluntary deductible employee contribution plan
Equal percentage contribution rule (EPCoR)
additional voluntary contributions
General Average Contribution
free standing additional voluntary contributions
defined contribution pension plan
simplified defined contribution scheme
Contributions Agency
Federal Insurance Contributions Act
Contribution margin


 
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