Tag: contributions

Health Savings Account (HSA)

What is a 'Health Savings Account - HSA' A Health Savings Account (HSA) is an account created for individuals who are covered...

Harry Markowitz

DefinitionHarry Max Markowitz is an American economist, and a recipient of the 1989 John von Neumann Theory Prize and the 1990 Nobel Memorial Prize...

In-Service Withdrawal

What is 'In-Service Withdrawal' A withdrawal made from a qualified plan account before the holder experiences a triggering event. A triggering event,...

Individual Retirement Account – IRA

DefinitionAn individual retirement account is a form of "individual retirement plan", provided by many financial institutions, that provides tax advantages for retirement savings in...
National Insurance Contributions

National Insurance Contributions (NIC)

What are National Insurance Contributions (NIC)? National Insurance contributions (NIC) are payments made by employees and employers into the National Insurance scheme. The money is...

National Social Security Fund (China)

What is 'National Social Security Fund (China)' A government-controlled investment fund established primarily to provide a reserve of funds for China's social...

Above The Line Deduction

DefinitionIn the United States tax law, an above-the-line deduction is a deduction that the Internal Revenue Service allows a taxpayer to subtract from his...

Roth IRA

Roth IRA can be defined as a tax advantage retirement account. It is offered by the U.S. government. This account includes stocks, bonds, Certificate...
salary reduction contribution

Salary Reduction Contribution

What is a salary reduction contribution A salary reduction contribution is an arrangement between an employer and an employee whereby the employee agrees to have...

Salary Reduction Simplified Employee Pension Plan (SARSEP)

What is 'Salary Reduction Simplified Employee Pension Plan - SARSEP' A plan offered by small companies - typically those with fewer than...

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