Keogh pension plan


 

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Keogh pension plan

In the US, a tax deferred retirement savings plan for the self employed. Contributions are based on a percentage of earned income and are tax deductible. Investment growth is tax deferred until the withdrawal of capital.



Similar Matches

Pension plan

Pension plan

An investment plan which can provide a lump sum on and an income after retirement. A pension plan is sometimes used as a way of providing a lump sum to repay the capital of an interest only mortgage.


Personal pension scheme

Personal pension scheme

See: 'personal pension plan'.


Personal pension

Personal pension

A structured personal savings and investment plan to provide for your financial needs after you retire. You can use some or all of the proceeds from a personal pension to pay off an interest-only mortgage. You will need to arrange life assurance separately to a personal pension.


Defined contribution pension plan

Defined contribution pension plan

A pension plan in which benefits are dependent on contributions to and the growth of the pension fund.


Overfunded pension plan

Overfunded pension plan

A pension plan that has a positive surplus (i.e., assets exceed liabilities).


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