Share on Facebook Financial Related to tax-deferred annuity:Nonqualified annuity,Single Premium Deferred Annuity tax′-deferred` annu′ity n. an annuity that enables one to purchase an insurance product that will earn interest, with the tax obligation deferred until withdrawals begin, usu. at retir...
24.Usu.,returns.an official or unofficial report on a count of votes, candidates elected, etc.:election returns. 25.Archit. a.the continuation of a molding, projection, etc., in a different direction. b.a side or part that falls away from the front of any straight or flat member or ...
< p > according to the above regulations, the annuity paid by an enterprise for individuals should be dealt with in accordance with the above provisions before the issuance of the [2009]694 document of the state tax letter. < /p > < p > for the payment of annuity, we should consider ...
In either case, the funds are invested and the proceedsaccrueon a tax-deferred basis until they begin receiving payments. Like401(k)contributions, funds in the account can only be withdrawn without penalty after age 59½. Unlike 401(k) contributions, the money paid into the annuity account ...
13.It is necessary to calculate and declare the personal income tax onthe enterprise annuity contributions received by foreign personnelparticipating in corporate pension plans in accordance withregulations. 13.需要按规定计算申报外籍人员参加企业年金计划所得到的企业年金缴费所得的个人所得税。
Before we go on to explain why this occurs, let’s just take one step back to clarify how this pension annuity income arises in the first place. Taxpayers can save for retirement by contributing to a pension, provident or retirement annuity fund (or even a combination of these). These tax...
摘要: Answers a question about tax-sheltered annuities. Definition of an annuity; Tips for reducing taxes on one's paycheck and saving additional money for retirement; Maximum annual tax-deductible contributions.关键词: Elementary Secondary Education Fringe Benefits Insurance Investment Program ...
State premium taxes on annuities are usually applied at the time you purchase a new immediate annuity or when you annuitize an existing deferred annuity. The effect of the tax is that someone your age who paid the same dollar amount to the same insurance company but lived in one of the ...
If you’re a higher or additional-rate taxpayer, you can claim back the additional 20 or 25% on any money paid into a relief at source pension pot by someone else. If the other person contributes to a workplace pension of yours that uses “net pay” tax relief, it’s likely that ...
Twitter Google Share on Facebook Thesaurus Medical Legal Financial Encyclopedia Wikipedia ThesaurusAntonymsRelated WordsSynonymsLegend: Switch tonew thesaurus Noun1. tax deduction- a reduction in the gross amount on which a tax is calculated; reduces taxes by the percentage fixed for the taxpayer's in...