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Deferred state pension |
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Deferred 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.Similar MatchesPeriodic purchase deferred contractPeriodic purchase deferred contractA fixed or variable annuity contract for which fixed-amount premiums are paid either monthly or quarterly, and that does not begin paying out until a time elected by the annuitant. Deferred payment annuityDeferred payment annuityAn annuity that stipulates payments be made to the annuitant at a later date, such as when the annuitant reaches a certain age. Deferred accountDeferred accountA type of account that delays taxes on that account until some later date. Deferred compensationDeferred compensationAn amount that has been earned but is not actually paid until a later date, typically through a payment plan, pension, or stock option plan. 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. Further Suggestionsdeferred incomeSingle Premium Deferred Annuity (SPDA) Tax deferred retirement plans Deferred interest mortgage Deferred charge child deferred endowment Tax deferred income Deferred nominal life Annuity Deferred equity Contingent deferred sales charge (CDSC) Deferred call |
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