Simplified defined contribution scheme

 

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Simplified defined contribution scheme

See: 'defined contribution pension plan'



Similar Matches

Voluntary deductible employee contribution plan

Voluntary deductible employee contribution plan

A type of pension plan in which an employee elects to have regular payments deducted from each pay check.


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.


Contributions Agency

Contributions Agency

An executive agency within the Inland Revenue. The Contributions Agency deals with all aspects of NI (National Insurance) contributions. The agency has locations throughout the country.


Federal Insurance Contributions Act

Federal Insurance Contributions Act

In the US, the federal law which directs employers to withhold a proportion of employees' salaries for payment to the government in order to provide future pension and other social security benefits.


Free standing additional voluntary contributions

Free standing additional voluntary contributions

An employee's pension scheme which is additional to but independent from his occupational pension scheme. The maximum amount which may currently be contributed to an employee's pension fund is 15% of salary (which includes benefits in kind) including his company scheme. For example if an employee is contributing 10% of his salary to a company scheme, a further 5% can be paid by that employee in each tax year into FSAVCs or AVCs. However, the employer and employee contributions when combined must not produce benefits in excess of Inland Revenue maximums.


Further Suggestions

Contribution margin
Defined contribution plan
Excess contribution
National Insurance (NI) Contributions
additional voluntary contributions
Nondeductible contribution
General Average Contribution
Contribution
money purchase scheme (defined contributions scheme)
Contribution
Equal percentage contribution rule (EPCoR)
Equity contribution agreement
defined contribution pension plan


 
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