|
|
Voluntary deductible employee contribution plan |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Voluntary deductible employee contribution planA type of pension plan in which an employee elects to have regular payments deducted from each pay check.Similar MatchesContributionContributionMoney placed in an individual retirement account (IRA), an employer-sponsored retirement plan, or other retirement plan for a particular tax year. Contributions may be deductible or nondeductible, depending on the type of account. Nondeductible contributionNondeductible contributionA contribution to either a traditional IRA or Roth IRA. Income tax is due on the contribution in the tax year for which the contribution is made. Federal Insurance Contributions ActFederal Insurance Contributions ActIn 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. 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. Contributions AgencyContributions AgencyAn 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. Further SuggestionsGeneral Average ContributionContribution margin additional voluntary contributions Equal percentage contribution rule (EPCoR) money purchase scheme (defined contributions scheme) Equity contribution agreement National Insurance (NI) Contributions simplified defined contribution scheme Defined contribution plan free standing additional voluntary contributions Contribution defined contribution pension plan Excess contribution |
|
|
|