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Voluntary deductible employee contribution plan |
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Voluntary deductible employee contribution planA type of pension plan in which an employee elects to have regular payments deducted from each pay check.Similar MatchesContributionContributionAn amount of money paid into an account. This can be a 'one off' payment or on a regular basis. Defined contribution pension planDefined contribution pension planA pension plan in which benefits are dependent on contributions to and the growth of the pension fund. Deductible contributionDeductible contributionAmount 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. Excess contributionExcess contributionThe amount by which an IRA contribution exceeds the allowable limits. If an excess contribution is not properly corrected, a 6% IRS penalty applies. Contribution marginContribution marginThe difference between variable revenue and variable cost. Further Suggestionsadditional voluntary contributionsDefined contribution plan simplified defined contribution scheme free standing additional voluntary contributions Equity contribution agreement Federal Insurance Contributions Act Equal percentage contribution rule (EPCoR) money purchase scheme (defined contributions scheme) Nondeductible contribution National Insurance (NI) Contributions Contribution Contributions Agency General Average Contribution |
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