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Deferred income |
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Deferred incomeAlso known as income drawdown and flexible pension. See 'personal pension plan'.Similar MatchesDeferred callDeferred callA provision that prohibits the company from calling the bond before a certain date. During this period the bond is said to be call protected. Tax deferred incomeTax deferred incomeDividends, interest, and unrealized capital gains on investments in an account such as a qualified retirement plan, where income is not subject to taxation until a withdrawal is made. Deferred state pensionDeferred state pensionWhen reaching retirement age, a person can elect to defer payment of his/her state pension. The result of this is to increase the value of the pension by one seventh of one percent for every week deferred. The maximum deferment period is five years and no further contributions are required. Deferred interest bondDeferred interest bondA bond that pays interest at a later date, usually in one lump sum, effectively reinvesting interest earned over the life of the bond. See: Zero coupon bond. Tax deferred retirement plansTax deferred retirement plansEmployer-sponsored and other plans that allow contributions and earnings to be made and accumulate tax-free until they are paid out as benefits. Further SuggestionsPeriodic purchase deferred contractDeferred interest mortgage Deferred account Single Premium Deferred Annuity (SPDA) Contingent deferred sales charge (CDSC) Deferred payment annuity Deferred charge Deferred compensation child deferred endowment Deferred equity Deferred nominal life Annuity |
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