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Voluntary plan |
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Voluntary planA pension plan supported partially by the employee by pension contributions deducted from each paycheck.Voluntary plan Similar MatchesFree standing additional voluntary contributionsFree standing additional voluntary contributionsAn 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. Involuntary ConversionInvoluntary ConversionConversion of real property to personal property (money) without the voluntary act of the owner. This occurs when property is taken by eminent domain (condemnation). The owner is allowed to convert back to real property (buy another property) without paying tax on the gain from the condemnation. This must be done within a set time (3 years) and the prices of the old and new property are considered to form a new tax base. Additional voluntary contributionsAdditional voluntary contributionsAdditional payments to a tax deferred savings account or an occupational pension scheme by an employee to boost a pension at retirement. Voluntary import expansionVoluntary import expansionThe use of policies to encourage imports, in response to pressure from trading partners. Due to Bhagwati (1987). Voluntary export restraintVoluntary export restraintA restriction on a country's imports that is achieved by negotiating with the foreign exporting country for it to restrict its exports. Further Suggestionsvoluntary liquidationVoluntary restraint agreement Voluntary accumulation plan Involuntary liquidation preference Voluntary bankruptcy Voluntary Lein voluntary deductible employee contribution plan |
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